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spottedmarley • today at 7:53 PM • 3 replies • view on HN

It may be a plausible concern at some point in the future but, once it's possible, it would manifest as an extremely expensive and time consuming attack against a targeted address, it would require an enormous amount of compute. So, I suppose the first line of defense would be to never keep more funds locked under one key than it would cost an attacker to decrypt it.


Replies

_ink_ • today at 8:08 PM

Which leaves Bitcoin between a rock and a hard place. The Satoshi funds are probably worth an attack. At the same time they cannot move to post quantum cryptography, because that would also require to move funds.

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tzone • today at 8:09 PM

There are exchanges, custodians, etc that hold insane amounts of BTC or ETH in a single address.

We are talking billion dollars+ worth in a single address. So if either chainskey security is compromised in a way that it is conceivable to brute force it, there will definitely be plenty of targets.

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warkdarrior • today at 8:07 PM

Cost of running an attack is super cheap if one buys botted computers (it is/used to be $25/1000 machines).