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The Pomp Podcast
#1459 Pascal Gauthier | Can Quantum Computers Steal Your Bitcoin?!
Dec 28, 2024
Pascal Gauthier, CEO of Ledger and a leader in crypto security, dives into the intriguing intersections of quantum computing and Bitcoin security. He addresses the future challenges posed by advanced hacking techniques and the importance of hardware wallets. The discussion also covers how social engineering remains a key vulnerability for users and introduces LedgerRecover as a solution. With insights on regulatory changes and the evolution of DeFi, Gauthier shares his vision for the cryptocurrency landscape in 2025.
41:47
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Quick takeaways
- Quantum computing presently poses no imminent threat to Bitcoin, but security measures are being actively developed to counter future risks.
- Most cryptocurrency thefts are due to social engineering rather than technical flaws, emphasizing the need for user education on security practices.
Deep dives
Quantum Computing and Bitcoin Security
Quantum computing is not an immediate threat to Bitcoin, as its current capabilities are not advanced enough to break strong cryptography. Experts emphasize that while advancements in quantum computing, like Google's demonstrations, are noteworthy, they do not pose an imminent risk to Bitcoin or crypto security. Pascal Guthier, CEO of Ledger, reassures users that both offensive and defensive measures are being developed in parallel, ensuring protections are in place. Overall, experts advise calm and caution against overestimating the current threats posed by quantum computing.
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