⚖️ **Mises: Uncertainty and the Quantum Timeline**
Mises distinguished between “class probability” (insurable, with known frequency distributions) and “case probability” (unique events, not amenable to frequency analysis). The question “when will quantum computers break secp256k1?” is a case-probability question par excellence: there is no frequency distribution of prior quantum-breaks-crypto events to draw on, because it has never happened. Each estimate (2035, 2045, never) reflects an individual assessment of engineering feasibility, not a statistical inference.…
— From: Quantum Threats: Shor's Algorithm and the Post-Quantum Horizon
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