Extremely bearish that many influential devs flatly deny that there’s any quantum risk. Completely unlike the philosophy of being proactive and paranoid that normally characterizes bitcoin. Meanwhile: - companies are raising $100s of m to build QCs that can crack ECC - bitcoins mere existence is accelerating QC development - AI is accelerating math and physics discoveries - US gov planning to deprecate classically crypto by 2030, disallow by 2035 - quantum arms race actively underway between US and China
Adam Back
Adam BackDec 18, 17:34
pro-tip for quantum FUD promoters. bitcoin does not use encryption. get your basics right or it's a tell.
The discrepancy between capital and developers on this issue is massive. Capital is concerned and looking for a solution. Devs are mainly in complete denial. Inability to even acknowledge quantum risk is already weighing on the price.
173