Understanding Bitcoin Security Risks and Mitigations

Clara Shikhelman Head of Research at ChaincodeLabs and Anthony Milton join me to explain the quantum threat to Bitcoin and possible mitigations:

Timestamps:

(00:00) Intro

(02:46) Understanding Quantum Computing and Bitcoin Security

(05:42) The Impact on Bitcoin Private keys

(08:34) Mining and Quantum Computing

(10:50) How many coins are vulnerable? 

(14:00) Bitcoin script types

(19:37) Sponsors

(21:25) Immediate call to action - stop address re use

(25:20) What do we do if a QC appears? Burn vs Steal

(34:00) Short Range vs Long Range Quantum attacks

(37:04) Sponsors

(41:25) Mitigating Quantum Threats: CDR and QRAMP Schemes

(47:09) Selecting Quantum Resistant Algorithms

(53:18) The Dual Track Approach to Quantum Security

(57:38) Summary and closing thoughts

Links: 

• Report: https://chaincode.com/bitcoin-post-quantum.pdf 

  Site: https://pq-bitcoin.org/

  https://x.com/ozdeadman

  https://x.com/ClaraShik

Sponsors:

• Bold Bitcoin

• CoinKite.com (code LIVERA)

• Lana by Galoy

Stephan Livera links:

• Follow me on X: @stephanlivera

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