Charlie and Colin dive into the quantum computing debate. Is it a threat to Bitcoin or just VC hype? We explore vulnerable addresses, Nick Carter's thesis, the 2028 timeline, and the controversial plan to "burn" Satoshi's coins to save the network from a $100B hack.
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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