Re:It can all go to zero
by Robotbeat on Tuesday January 16, 2018 @03:03PM
(#16161805)
Yup. Quantum Jubilee is coming. But interestingly, even just the credible threat of Quantum Jubilee could have devastating effects on Bitcoin classic. Banks might be better prepared to switch over to quantum-resistant encryption since they're already centralized.
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Banks are still stuck on 70's infrastructure and hiring 70 year old programmers with 500k+/year salaries to write COBOL because they're afraid to rebuild it.
I'm not sure I'd bet on them having a quicker response than an open-source project with millions of interested parties.