A viral post on X falsely claimed that a quantum computer had cracked the SHA-256 algorithm and that Standard Chartered advised selling Bitcoin for gold. These claims have been debunked, with the author admitting to fabricating the story to mock the Bitcoin community. The post, styled after Bitcoin historian Pete Rizzo, attracted over 30,000 impressions and thousands of quote-tweets. SHA-256 is a crucial algorithm for Bitcoin mining and modern cryptography, and its compromise would threaten global financial systems.
False Claims of Quantum Computer Cracking Bitcoin Debunked
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