In this episode, Hunter Beast joins the show to discuss the quantum threat to Bitcoin, his BIP-360 proposal to address the existential problem, and the spectrum of Bitcoiners that are more or less vulnerable. We also delve into balancing Bitcoin rights and principles with crucial updates, the development process getting BIP-360 implemented before Q-Day, and more. Enjoy!
—
Follow Hunter: https://x.com/cryptoquick
Follow Rizzo: https://x.com/pete_rizzo_
Follow Supply Shock: https://twitter.com/SupplyShockBW
Follow Blockworks: https://twitter.com/Blockworks_
Join Supply Shock Telegram: https://t.me/+SpmLg6P_QcgxNDcx
Supply Shock Newsletter: https://blockworks.co/newsletter/supplyshock
—
Join us at Permissionless IV June 24th - 26th. Use code SUPPLY10 for 10% OFF! https://blockworks.co/event/permissionless-iv
—
Core is the Bitcoin Everything Chain—unlocking trustless Bitcoin Staking to power the future of Bitcoin DeFi.
Core empowers Bitcoin holders to earn secure, sustainable yield while retaining full control of their assets.
Start staking your Bitcoin and earn real yield: https://stake.coredao.org/blockworks
Ledger, the global leader in digital asset security, proudly sponsors Supply Shock. As Bitcoin adoption grows, Ledger celebrates 10 years of securing over 20% of the world’s crypto. Buy a LEDGER™ device now for true self-custody and peace of mind in securing your Bitcoin. Devices are also available in Bitcoin orange. For every device ordered in BTC Orange, we’ll donate $5 to brink.dev. Buy now at https://Ledger.com.
—
Timestamps:
(00:00) Introduction
(01:35) The Quantum Threat to Bitcoin
(05:33) Pre vs Post-Quantum Cryptography
(10:25) The Big Threat of Quantum
(12:17) Ads (Core, Ledger)
(13:42) BIP-360
(20:06) Spectrum of Vulnerability
(27:32) Q-Day Emergency
(30:52) Quantum Recovery Proposals
(34:03) Ads (Core, Ledger)
(35:30) Quantum Recovery Proposals (Cont'd)
(37:34) Securing Bitcoin Property Rights
(43:20) Sometimes Bitcoin Needs to Change
(45:18) Balancing Crucial Updates with Core Principles
(53:00) Bitcoin’s Social Contract & Soft Forks
(57:11) BIP-360 & the Bitcoin Development Process
(01:07:41) Learn More About Hunter
—
Disclaimer: Nothing discussed on Supply Shock should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
