Path-Finding, Orbit State Preparation, and the Security of Invariant Quantum Money

Abstract: The security of quantum money from knots, and of its generalization to invariant money, is based on the assumption that path-finding, exhibiting a sequence of moves between two equivalent objects, is hard. No proof of security from that assumption alone is known. The existing proofs add knowledge-of-path assumptions, which assert that any efficient algorithm producing two objects with the same invariant implicitly knows a path between them. No attack can refute such an assumption, and it is not known to follow from security. We ask when path-finding is the right assumption. When each equivalence class is the orbit of an efficiently computable action of a group that can be superposed over, and every move acts as a group element, as for graphs, average-case hardness of path-finding is necessary for security. For knots no such group is known, and a path-finder only reduces forgery to an equally hard state-preparation problem. With or without a path-finder, a forger must prepare a state that verification accepts, and we take the hardness of that task as the assumption. For schemes whose verification walk mixes in polynomial time, the preparation assumption states that no efficient algorithm, given the serial number of a freshly minted banknote and one object measured from it, prepares such a state. It is falsifiable, and it is equivalent to security against forgers that measure their banknote first. The transfer assumption, which security implies, states that measuring first costs a forger at most a polynomial factor. Together the two are equivalent to security, so every proof of security must establish the preparation assumption. If the preparation assumption holds, no fully black-box reduction that calls the forger only at the serial number it is given can derive the transfer assumption from the preparation assumption.