Evidence receipt / prediction
Published · transcript-backedVitalik Buterin: prediction
18 Jul 2018 Conversations with Tyler Vitalik Buterin on Cryptoeconomics and Markets in Everything
“The good news is that for everything that doesn’t work any more, people have already come up with replacements for them over a decade ago.”
Source trail
Everything needed to verify it.
- Speaker
- Vitalik Buterin
- Attribution
- Verified speaker
- Claim type
- prediction
- Recorded
- 18 Jul 2018
- Publisher
- Conversations with Tyler
Transcript context
…How will quantum computing matter, if at all, for crypto assets? Oh, it absolutely matters because quantum computing will make a lot of cryptography that’s used in modern times just not work any more. Digital signature algorithms won’t work any more. Public key encryption won’t work any more. Zero-knowledge proof SNARKs won’t work any more. The good news is that for everything that doesn’t work any more, people have already come up with replacements for them over a decade ago. You have hash-based signatures, you have STARKs for zero-knowledge proofs, you have fancy elliptic curve isogeny-based public key encryption. So I think it will force a transition, but ultimately, we do know how to adapt. The cryptocurrencies that will suffer the most are just the ones whose governance is the most stalled and dysfunctional and won’t be able to figure anything out in time. Is P equal to NP?…
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