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#ShareYourUSStocksWinNvidia
This issue is indeed very grand. Luckily, I have some free time over the weekend, so I reviewed an internal presentation from one of our company's top 2 schools in Singapore, a Ph.D. in cryptography, combined with research from Gemini Deep Research, and thoroughly went through everything.
Peeling off the sci-fi movie-like anxiety cloak, I distilled everyone's conclusions into the following core dimensions and will briefly report to you:
1/ In theory, it's "dimensionality reduction attack"; in reality, it's an "impossible greenhouse"
The superposition property of qubits can indeed reduce the time to crack asymmetric encryption (such as the well-known public key-private key system using ECC elliptic curve encryption—an asymmetric encryption method) from hundreds of years to minutes.
But the reality is: current quantum computers can basically only operate under extremely harsh laboratory conditions, known as "impossible greenhouses" (for example, requiring temperatures colder than deep space, "absolute zero"), with very high error rates and an astronomical cost-benefit ratio.
There are still countless physical breakthroughs needed before they can be used commercially or even as hacking tools. At least in the next 5 to 10 years, existing encryption systems remain very secure.
2/ The real threat comes from those "ancient sleeping whales"
Why is the blockchain industry particularly sensitive to quantum computing? Because our ledgers are public and immutable.
Usually, when transferring assets, digital signatures and hashes are used. But in many early Bitcoin addresses, the public key has already been exposed on the chain. Once quantum computing matures, these "ancient sleeping whale addresses" with exposed public keys could be directly reverse-engineered to obtain private keys.
If such massive ancient assets (like Satoshi's coins) are stolen, it would indeed cause a huge shock to the market ecosystem.
3/ Exchange countermeasures: don't panic, and don't mess around
Cryptography expert Dan Boneh summarized it very well: "Don't panic, don't rush, but don't ignore it."
Many users ask, given the potential risks, why don't exchanges quickly upgrade to "quantum-resistant algorithms"? Because in practical security operations, abandoning the currently extremely reliable, time-tested hardware encryption devices to forcibly adopt a still immature post-quantum encryption scheme introduces systemic bugs and security vulnerabilities that far outweigh the threat posed by quantum computers themselves.
Summary
The sky isn't falling. As a platform, our strategy is to closely monitor academic developments and reliable hardware vendors' post-quantum encryption solutions, and transition safely when the time is right.
As for everyone, rest assured to hold your Bitcoin and quality RWA tokens, enjoy your weekend, and don't get chopped by the distant sci-fi anxiety. 😌