this post was submitted on 04 Dec 2023
462 points (97.7% liked)
Technology
59207 readers
3234 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I’m not really a great source for this stuff but I would assume that the quantum computer would have to be more powerful than all of the other mining compute combined for that to happen. Then it would have to be so far ahead that no new quantum computers were coming online to compete against it.
The other part is incentive. If you want to take over 50% of the network the incentive wouldn’t be to double spend because once it’s detected the price collapses due to lack of trust, bitcoins fundamentals change and it’s no longer decentralised effectively making it another centralised shitcoin. There could be incentive for a government to do this or a rival currency but bitcoin is fundamental to all crypto currencies so they would be damaging themselves greatly in the process.
I can’t answer your proof of stake question with any confidence