4 upvotes, 1 direct replies (showing 1)
View submission: Don't invest recklessly
You are probably confused about the **thought experiment** on *it is 2070 and powerful quantum computers can now crack coins for which the public key is known, what would happen?*. In that scenario, holders that still have the keys will probably move their coins to quantum-resistant outputs, but lost coins would be left vulnerable and "mined" as they get cracked.
Since that would have unexpected, undesired economical consequences, some proposed that we would need to properly delete those old outputs if there is consensus for such thing (i.e., c.2060, when we are widely confident that everyone with existing keys would have already moved to quantum-resistant or at least sha256² protected).
Comment by JD-007 at 30/11/2017 at 14:29 UTC
1 upvotes, 1 direct replies
Yes ... i have read more about those algorithms that applies while encodig into PV Key but i dont know how they brute force it ?