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We're screwed, brothers. Cryptocurrency is over. I thought it was fake news, so I went to Google to do in-depth research on the website, and it's real.
If Bitcoin's defenders can't keep up with the speed of quantum computers, cryptocurrencies will cease to exist and could all be cracked.
⚠️Google states that launching a quantum attack on Bitcoin takes only 9 minutes, with a success rate of 41%.
Google's quantum team now says that cracking Bitcoin may require fewer than 500,000 qubits, far below the previous assumption of "millions."
Research shows that a single attack could take 9 minutes, faster than the typical 10-minute block confirmation time, with a success rate of up to 41%.
Google now considers 2029 as the critical deadline to upgrade Bitcoin's encryption technology to prevent quantum attacks from becoming a real threat.
🙀 (Cracking Bitcoin/ECDSA using the 256-bit elliptic curve discrete logarithm problem (ECDLP-256) requires fewer than 500,000 physical qubits, far below the previous estimate of "millions."
Under reasonable superconducting quantum hardware assumptions, the attack could be completed in "a few minutes.")