paulfchristiano comments on Less Wrong used to like Bitcoin before it was cool. Time for a revisit? - Less Wrong

16 Post author: betterthanwell 20 June 2012 01:40PM

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Comment author: paulfchristiano 20 June 2012 08:56:02PM 6 points [-]

As with quantum computing itself, storing quantum money would require low enough error rates that you could successfully apply quantum error-correction (if error rates are too high, you introduce more errors during error-correction than you can correct). Before you hit this point you can't do the computations anyway, and after this point it is only a tiny bit harder to keep qubits around indefinitely. (Modern QKD works because you don't have to do any computations on the qubits, in addition to not having to store them.)