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by atonalfreerider
1531 days ago
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Layperson question: if modern cryptography is broken at some point in the future, would this also lead to the collapse of any cryptographic system that only depends on one-way functions? In other words, would the code-breaker be able to access any bitcoin wallet, de-anonymize any transaction? Is this risk built in to cryptocurrency? Edit: https://avs.scitation.org/doi/10.1116/5.0073075 > Finally, we calculate the number of physical qubits required to break the 256-bit elliptic curve encryption of keys in the Bitcoin network within the small available time frame in which it would actually pose a threat to do so. It would require 317 × 10 ^ 6 physical qubits to break the encryption within one hour using the surface code, a code cycle time of 1 μs, a reaction time of 10 μs, and a physical gate error of 10−3. To instead break the encryption within one day, it would require 13 × 10 ^ 6 physical qubits |
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In the context of the OP paper, approximately solving the t-bounded Kolmogorov complexity (in a precise technical sense described in that paper) is akin to breaking one-way functions.
A method to breaking one-way functions would in fact break all of the cryptographic schemes (enc, signatures, prgs, hashing, zero-knowledge, mpc, bitcoin...) that rely on computational assumptions that we know. There is then no hope for doing things like we do on the internet today.
A secondary interpretation relates to breaking a specific widespread cryptosystem like ECDSA or Ed25519 (which can both be broken with suitably large generic circuit quantum computers). In this context, maybe some important things break, but in principle, we can rebuild them using lattice-based schemes or something else.