per an interesting linkedin post I reviewed just today
I asked myself the same question in the context of the Crypto world and well, there are many answers, all of them prefaced by project with "Yes".
As to when the "Aw shit" moment shows up, it will be different for each project, but it will show up.
Math guarantees it.
Pick a project, any project, take your pick, all of them will be faced with the "Aw shit' outcome when an AI powered network of 'CRQC's hosting a mesh of Qubits running a refined decryption approach to view your private data, well, that is the 'Aw shit moment'.
Full disclosure, I work for a cryptography firm and, as such, we know crypto algorithmic math, all of it, will be broken.
So as s result we don't employ math to encrypt your private data, instead we program or code to tap multiple sources of entropy to drive the selection of random numbers per data segment to run well known processes which end up in convert, per Parrondo's Paradox so we can quantum ready protect your blockchain, smart contract wallet and the like to avoid that "Aw shit' moment wiping out all your "Attaboy' points.
But that is not the point of this post. It's more a crypto-developer call to action across the cryptosphere to get going on this very important undertaking.
This is our Y2K day prairie fire of Q-days heading our way showing in multiple places, projects and at multiple times in the near future, where the AI assisted advancement of #CROCs "Cryptographically Relevant Quantum Computers" is coming for everyone's private data not just crypto.
This is a wake up call, take note of the vendor's antidote, they happen to be heavily patented and selling to a world that demand's open source , which forces these 'nextgen' #AI #PQC "Post Quantum Cryptography' types of vendors into a copy-left licensing .
As for the Q-Day antidote, I am still researching this and this the first one I found.
I also expect some of these vendors to be fully employing Model Context Protocol 'MCP' in the forms of clients and servers where ever they do employ AI to create what is a quantum secure infrastructure making use of the entropy driven non-math methods mentioned to create zero patternicity in the their encrypted data. #MCP allows AI Agents to drive selection and use of a plethora of software tools to do their work, spit out their part of the response to the AI Agent aggregating those responses and handing it off to the AI response grammar Nazi to respond to your prompt in a reasonable expected way.
That said the patents of these vendors are not all equivalent, they are different, each with their own 'lift costs' , most of them will be spouting about employing crypto-agility to replace existing encryption with other encryption if it gets broken, but they are all at this point using math, and that is the problem at the heart of it.
So there you have it the big challenge ahead for Crypto CEOs and their teams. As far as I can tell there are many community driven projects like Ethereum, Bitcoin et all in the Top 100 that are trying to get their collective heads wrapped around their challenge after they realize implementing NIST protocols is not a victory by any stretch.
The silver lining in this pig's ear news?
Everyone has the same problem, banks included.