Part 4/9:
As the conversation unfolds, both Adam Back and Matt Corallo assess the practical realities of current quantum technology. Back recounts that frequent claims of imminent threats to Bitcoin due to Quantum Computing often stem from press releases lacking substantive advancements in the field. He mentions that even contemporary quantum machines struggle with relatively simple mathematical problems like factoring the number 15, illustrating the foundational challenges that remain.
Assessing Risks and Building Resilience
The discussion sheds light on two primary concerns regarding Quantum's impact on Bitcoin:
- Private Key Vulnerability: Quantum computers have the potential to derive a user's private key from their public key, posing a significant risk for transactions.