How Close Are Quantum Computers to Breaking Bitcoin? (With Matt Wraith)

Diving into the question everyone suddenly cares about: how close are quantum computers to breaking Bitcoin?

Friend of the pod Matt Wraith joins us to cut through the hype, the fear, and the sci-fi headlines and explain what’s actually happening in quantum research right now, and what it means for Bitcoin security, signatures, and the long-term future of cryptography.

We explore:

- The theory of quantum mechanics

- How quantum computers actually work

- Shor's algorithm & Grover's algorithm

- Quantum threat to Bitcoin

- Recent advances in quantum computing

- Post-quantum cryptography and quantum risk mitigation strategies for Bitcoin

- Stoner bro quantum physics

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TIMESTAMPS

0:00 Intro, Bitcoin is in crisis, elliptic curve cryptography

5:00 Shor's algorithm and quantum computers

8:00 The limits and use cases for quantum computers

10:45 Recent advances in quantum computers, Scott Aaronson blog post

16:20 What is a quantum computer?

24:00 Fault tolerance theorem, theoretical quantum physics

28:30 Problems with quantum computers, analog computers

35:00 Quantum computing research

41:00 Red flags in quantum computing research

46:45 Conspiracy theories, the qubits don't want to be trapped, the universe believes in cryptography

49:00 Quantum risk mitigation strategies for Bitcoin

1:08:00 Stoner bro quantum physics, fall of Atlantis, perception creates reality, many worlds hypothesis, Markov property

1:27:30 Gravity, dark energy, general relativity, things that are very big and very small

1:34:00 How much better is quantum than classical computing?

1:39:00 What's going on with the UFOs?