Is quantum computing a threat to Bitcoin? How can Bitcoin become more secure against a quantum computing attack? Will this upgrade require moving coins to new addresses? Will it be implemented as a soft or hard fork? What happens to coins controlled by lost keys?
CORRECTION: Apologies for the confusion - regarding the question of whether Satoshi's (suspected) coins would be vulnerable to a quantum computing attack on ECDSA, the correct answer is in the first clip at 3:05. While what I initially say at 6:10 is true, that Satoshi did not spend their coins, those coinbase transactions still used pay-to-public-key (P2PK) instead of pay-to-public-key-hash (P2PKH), which means the public keys are already exposed.
More about hashing and public key cryptography in Bitcoin:
https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch04.asciidocChapters
0:00 How can we safeguard bitcoin against quantum computing?
3:31 Satoshi's one million coins and quantum computing. Does quantum computing mean that, at some point, all lost coins could be reclaimed because they can't be moved to an upgraded address?
5:13 Quantum computing attacks will most likely affect the digital signature algorithm first
These questions are from the May monthly Patreon session and part of the Denver talk, which took place on May 26th and August 6th 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:
https://www.patreon.com/aantonopRELATED:
Advanced Bitcoin Scripting, Part 1: Transactions and Multisig -
https://youtu.be/8FeAXjkmDcQAdvanced Bitcoin Scripting, Part 2: SegWit, Consensus, and Trustware -
https://youtu.be/pQbeBduVQ4IMigrating to post-quantum cryptography
What is a private key? -
https://youtu.be/xxfUpIV9wRIPublic keys vs. addresses -
https://youtu.be/8es3qQWkEiUProtocol development security -
https://youtu.be/4fsL5XWsTJ4Lightning's security model -
https://youtu.be/_GNsT_ufkecMisconceptions about the Lightning Network -
https://youtu.be/c4TjfaLgzj4Eltoo, and the early days of Lightning -
https://youtu.be/o6eFZ5aI9N0Lightning Network scaling -
https://youtu.be/4KiWkwo48k0Lightning Network interoperability -
https://youtu.be/1HYMWcJHGXcLightning Network game theory -
https://youtu.be/7if0DuTtozYAtomic swaps -
https://youtu.be/fNFBA2UmUmgFull node and home network security -
https://youtu.be/uo58zmyXqFYRunning nodes and payment channels -
https://youtu.be/ndcfBfE_yoYWhat is Segregated Witness (SegWit)? -
https://youtu.be/dtOjjB4mD8kSegWit and fork research -
https://youtu.be/OorLoi01KEEAndreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop
https://twitter.com/aantonopWebsite:
https://antonopoulos.com/He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1:
https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8[NEW] THE INTERNET OF MONEY, v2:
https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8MASTERING BITCOIN:
https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042[NEW] MASTERING BITCOIN, 2nd Edition:
https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388Translations of MASTERING BITCOIN:
https://bitcoinbook.info/translations-of-mastering-bitcoin/Subscribe to the channel to learn more about Bitcoin & open blockchains!
Music: "Unbounded" by Orfan (
https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (
http://www.phneep.com/)
Outro Art: Rock Barcellos (
http://www.rockincomics.com.br/)
Join the aantonop Channel:
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This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
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The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
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Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
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YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
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