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COMPUTE: Quantum's $100 Billion Threat To Bitcoin

Published 1 day, 23 hours ago
Description

Charlie and Colin join us to talk about the existential risk of quantum computing. We break down Nick Carter's latest research, the timeline for a potential quantum break, and the 2 million Bitcoin currently at risk. We debate the ethics of "burning" Satoshi's coins to save the network, the technical challenges of forking to quantum-resistant signatures, and why the next big Bitcoin civil war might be fought over physics.

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Notes:

* 1-2 million BTC are quantum vulnerable

* Satoshi holds ~$100 billion in Bitcoin

* Legacy crypto banned by US Gov by 2035

* Elliptic curve break projected 2028-2033

* $500 billion sitting in vulnerable wallets

Timestamps:

00:00 Start

01:16 Overview

06:26 Do we do anything?

08:48 Companies pumping quantum bags

19:18 Bitcoin as bug bounty

23:37 How to quantum proof Bitcoin?

26:14 BIP 360

35:48 Philosophy & chain splits

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