Early Days #15: Project 11 by Alex

Summary:

In this episode of Early Days, Car sits down with Alex of Project 11 for a thoughtful discussion on the current state of quantum computing and its potential implications for cryptography and Bitcoin. They explore the risks and opportunities this emerging technology presents particularly in the context of ECDSA (Elliptic Curve Digital Signature Algorithm) and RSA (Rivest Shamir Adleman encryption). Alex explains how Project 11 is approaching these developments and offers a grounded perspective on what quantum advancements could mean for the future of digital assets. Whether you're cautiously curious or deeply embedded in the ecosystem, this episode provides a measured look at a complex and increasingly relevant topic.

We explore:

Explore how quantum computing could reshape cryptography and digital assets, with far-reaching implications for the future of finance.
Examine the potential risks quantum advancements pose to Bitcoin and how the ecosystem is preparing to meet these challenges.
Learn how Project Eleven is proposing solutions to safeguard digital currencies against potential technological threats.
Hear Alex’s personal journey from a military background to leading a pioneering effort in the quantum computing space.

Chapters:

03:05 Understanding Qubits and Cryptography Threats

05:44 The Implications of Quantum Computing on Bitcoin

08:54 Government Responses to Quantum Threats

12:03 The Risks of Nation-State Actors

13:48 The Future of Bitcoin and Quantum Computing

16:44 Current Developments in Quantum Computing

19:41 The Race for Quantum Supremacy

22:48 Project 11 and the Yellow Pages Initiative

28:12 Understanding Post-Quantum Cryptography

31:29 The Open Source Approach of Project 11

35:05 Funding and Future Directions of Project 11

36:21 Optimism in Quantum Computing

44:34 Introducing the Q Day Prize

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Podcast Episode Details

Early Days #15: Project 11 by Alex