With time, old tech becomes obsolete due to innovation. It is not an inherently bad thing. It's just you're gonna either have to adopt or get left behind. Yes, it takes time and money. Also, it makes waste. All we can do is do everything we can to reduce the cost and waste. We can't just have old tech forever and compete with new technologies. That's a huge security threat.
That being said,
Will Quantum computers Break Crypto encryptions? That's a hot topic these days. The short answer is yes. Researchers believe so. But when that will be is a completely different story. To my knowledge, it's definitely not gonna be tomorrow. But hey, don't take the words of someone random on the Internet about it. Move your assets to a so-called "post quantum wallet" right now.
By the way, don't you think if quantum computing somehow breaks crypto encryptions, won't it drive the value of crypto down and make it worthless to everyone? I mean, let's say you buy bitcoin from a theft that occurred. But what is it there to stop that same thief from stealing bitcoin from you right after you purchase them? Just something to think about.
There is another bigger picture here, though. With the innovation of technology, when quantum computers become widely available, all of our critical infrastructure will be vulnerable. So that begs the question, "When should we draw the line and stop innovating?" Don't get me wrong, innovation is a great thing, but just like yin and yang, there is good and bad in everything.
Some people fear that if they don't innovate, someone else will do that and take advantage of them. That's a valid argument. And I believe that's how most dangerous things in the world got invented. I mean, governments have the power to put a stop to anything in their countries. But the sheer thought of losing to an opposing party leads us to dangerous innovations.
The best thing we can do against potential quantum threats is migrate our current systems to encryption algorithms that are believed to be resistant to attacks from quantum computers. But that's not a 100% solution either, as we don't have powerful enough low-error quantum computers to test them right now. But that's the best thing we can do. And keep on innovating..
That being said, you are free to start a conversation below. Just be respectful to each other. will talk to you soon. Thanks.