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Draper: Quantum computing will break banks before Bitcoin

CoinNetwork
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CryptoWorld News reports that venture capitalist Tim Draper stated that the threat of quantum computing to Bitcoin is exaggerated, and traditional fiat currency systems and banks face greater risks. He believes that quantum computing will break through the banking system before reaching blockchain. Draper also mentioned that the Bitcoin network could undergo a hard fork to roll back to the last safe block, which is technically feasible but requires broad consensus among miners and node operators. Draper's Bitcoin investment began when the price was around $4, and although hardware manufacturer issues delayed his mining, he purchased nearly 30,000 confiscated Bitcoins at approximately $632 in 2014. He is confident that Bitcoin will surpass the US dollar and predicts that Bitcoin will reach $250,000 within the next 18 months. Despite Draper's confidence, there is still intense debate about the impact of quantum risks on Bitcoin.
BTC-1.91%
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DustyAirdropper
· 4h ago
Can mining nodes reach consensus? I have my doubts.
View OriginalReply0
Rain-SoakedGlassLeverage
· 4h ago
$632 to buy 30k coins? I'm jealous of that luck.
View OriginalReply0
AirdropOnTheDune
· 4h ago
$250k in 18 months, Draper is promising again
View OriginalReply0
CrystalBallForSentiment
· 4h ago
Fiat currency systems are probably the primary target of quantum computing, right?
View OriginalReply0
BluePeonyPlan
· 4h ago
The quantum debate is just a debate; secure your position first.
View OriginalReply0
FlowingColorfulInkHeart
· 4h ago
From 632 to 250k, I can't even calculate this ROI.
View OriginalReply0

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