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RE: Exploring Quantum Computing: The Cryptocurrency Nightmare?
What's not clear to me is that even if the cryptography is broken, how is this breaking a currency based on crypto when we have the shared ledger?
Certainly, accessing someone's account should be easier.
If I can get your private keys from your public keys, then I can spend/send as if I'm you. You would then no longer trust that currency.
If someone breaks the encryption, people will dump the currency because they will no longer trust it as secure. Your value being secure is based on the encryption.
Got it, thanks for the explanation.