Quote:
Originally Posted by ruff
I won't be worrying about quantum computing in this lifetime. That issue is easily solvable.
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I'm so sorry to hear that. How long did they give you to live?
Of course, I mostly agree with your position. I own a LOT of BTC, but I have also diversified and own a LOT of gold. I own gold at very reputable gold brokerages, as well as in private safety deposit boxes. I'm really not worried about my ability to retrieve it - even in the event of an EMP attack or the like.
As for quantum supremacy, you will be shocked at how quickly it comes. I'm a theoretical physicist and I follow these developments. Breakthroughs in recent months on stability of qbits and photon entanglement are about to lead to advancements in quantum computing by several orders of magnitude. My best guess is that we are fewer than 5 years away from a computer that can decrypt the BTC blockchain instantly. Instant decryption of the Blockchain will fully disrupt how Bitcoin operates. Indeed, all miners other than quantum minors would be out of business - and I guess within 24 hours of that, all BTC will be hacked.
That said, we are still years away, so its very safe at the moment, and about to rise to $50k