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LIVE NOW - Will Quantum Computing Kill Bitcoin? | Scott Aaronson & Justin Drake Quantum computing is advancing rapidly, raising significant questions for cryptography and blockchain. In this episode, Scott Aaronson, quantum computing expert, and Justin.eth Drake , cryptography researcher at the Ethereum Foundation, join us to explore the... impact of quantum advancements on Bitcoin, Ethereum, and the future of crypto security. Are your coins safe? How soon do we need post-quantum cryptography? Tune in as we navigate this complex, fascinating frontier. -------------- TIMESTAMPS 0:00 Intro 6:50 Google Willow Chip 11:58 How is Quantum Computing Accelerating? 19:27 Quantum vs Classical Computers 40:18 Why are Quantum Computers so weird? 46:18 Quantum Computing & Cryptography 52:53 What will Break Cryptography 54:45 Time Horizons 1:03:14 Accounts Getting Hacked 1:13:23 The Bitcoin Case 1:24:10 Quantum Money 1:29:44 The Ethereum Case 1:35:00 Closing Thoughts 1:36:24 Debrief with Justin Drakeshow more

Bankless

315,523 subscribers

22,065 views • 1 year ago •via X (Twitter)

Education Finance Science & Technology

Anya Rossi• Live Now

Private livecam show

10 Comments

Bankless1 year ago

Listen ad-free here 👇

Just Belhaven1 year ago

@drakefjustin It’s all over X that you Bankless guys are grifters. Do better

Ben Berdankweed1 year ago

@drakefjustin I feel simultaneously smarter and dumber listening to this… Schrodinger’s Podcast?

Argu-mint1 year ago

@drakefjustin Quantum computing is like Y2K for crypto bros - a theoretical threat that keeps getting hyped. The math shows current quantum computers need millions of qubits to crack BTC. They have... 100?

Michael Tastad1 year ago

@drakefjustin Bitcoin will be okay. But Satoshis coins will not be okay. That is the buried treasure prize for people making the Quantum Computers

AbelGaming.eth1 year ago

@drakefjustin Why rehash points that have already been disputed for the past month? If BTC is breeched by Quantum then the FED Reserve would have been breeched before that

The Alpha Doggo1 year ago

Quantum computing won't kill #BTC anytime soon. Current estimates suggest we need ~300M physical qubits for Shor's algorithm to break ECDSA, while best systems have ~1000 noisy ones. The real concern is quantum-resistant signatures, which @drakefjustin and others are already working on.

Thio1 year ago

@drakefjustin When you need podcast wisdom at reading speed

moscowchill | Ω1 year ago

@drakefjustin Scott Aaronson is FULL OF SHIT

mt1 year ago

@drakefjustin Will Bitcoin survive this? It’s like asking if an ancient tree can withstand a raging storm. The answer lies in its roots.

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346,931 views • 10 months ago

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17,723 views • 1 year ago

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BITCOIN RAILS EPISODE #18: MAKE BITCOIN QUANTUM RESISTANT | with BIP360 author Hunter Beast Hunter Beast 🕯️ Quantum computing is a complicated topic—one that incites equal amounts of fear and skepticism depending on who you talk to… especially in Bitcoin. In this episode, BIP360 author Hunter Beast wisely shares why the “truth is likely somewhere in the middle,” citing incremental advancements in quantum computing that may eventually pose a legitimate threat to some Bitcoin addresses—as well as steps we can take to protect ourselves in the short, medium and long term. The correct posture is to “be prepared, not scared,” says Hunter Beast 🕯️ Ultimately, the introduction of quantum resistant cryptography—via proposals like BIP360—will be needed for higher degrees of security. That said, individuals can mitigate personal risk substantially through proper address-use hygiene. This episode breaks down the specific challenges Bitcoin will face in the event of a quantum attack, the likelihood of an attack over time, and the steps we’ll need to take at the individual and communal level to ensure Bitcoin’s safety. This episode includes detailed discussion of: 1) How quantum computing could potentially affect Bitcoin public/private key cryptography—and technologies built on vulnerable addresses (e.g. Taproot) 2) Best practices for protecting yourself against quantum in the short and long term 3) Implications of vulnerable address types—e.g. what about Satoshi’s coins? 4) Deep Dive into BIP360 + proposed long-term solutions 5) Industry roadmaps for quantum computing + how banks and governments are preparing for “Q Day” As always, this episode can be viewed on Spotify or YouTuve—full episode in the comments or linktree in my bio. This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing. TIMESTAMPS: 00:00 Intro 02:05 What is quantum computing? 04:30 How could quantum threaten your Bitcoin wallet? 06:50 Addresses that are safe from quantum 09:13 Satoshi’s coins are in danger! 11:25 What happens if Satoshi’s coins are touched? 14:45 Do we softfork to shield Satoshi’s coins? 16:38 “Transitory inflation” for bitcoin after quantum 21:05 Why Taproot addresses are vulnerable 23:50 Do NOT reuse your Bitcoin addresses! 26:03 When will Quantum become a threat? 28:34 The long/short exposure attack; explained 31:45 Protection using private mempools 33:20 Why all the new Bitcoin L2s are in danger 37:45 Quantum is 5 to 10 years away, governments fear 40:34 Non-Bitcoin systems threatened by quantum 42:26 Centralized systems can adapt to quantum 43:50 Hunter’s BIP: Post quantum cryptography in Bitcoin 47:40 Hunter’s three new signature algorithms 53:48 Is new cryptography on Bitcoin risky? 56:33 Why not just stick to hash-based cryptography? 58:49 A 16X discount for quantum resistant addresses? 01:02:30 Creating quantum resistant multisig addresses 01:04:00 What is Frost? 01:06:50 The long process of approving a BIP 01:08:30 What developers think of Hunter’s BIP 01:10:00 Matt Corallo’s concerns with Hunter’s approach 01:11:00 Steps to implementing the BIP 360 01:17:00 Where to learn more about BIP 360 01:17:50 Who can push the button to change Bitcoin?

Isabel Foxen Duke⚡️

31,102 views • 1 year ago

Quantum computers pose two threats to Bitcoin: Threat 1: A quantum computer will be built and used to break Bitcoin's cryptography. Threat 2: Even before a QC is built, delaying the preparations to ensure Bitcoin is quantum ready will lead to people losing confidence in Bitcoin. The solution to both threats: ensure Bitcoin becomes quantum resistant via initiatives like BIP 360 + make sure the world knows this will be taken care of in time.

Quantum computers pose two threats to Bitcoin: Threat 1: A quantum computer will be built and used to break Bitcoin's cryptography. Threat 2: Even before a QC is built, delaying the preparations to ensure Bitcoin is quantum ready will lead to people losing confidence in Bitcoin. The solution to both threats: ensure Bitcoin becomes quantum resistant via initiatives like BIP 360 + make sure the world knows this will be taken care of in time.

Eli Ben-Sasson | Starknet.io

11,837 views • 2 months ago

🚨 Tom Lee issues DIRE WARNING about Quantum Computing to Bitcoin holders & says Ethereum will be quantum resistant.

🚨 Tom Lee issues DIRE WARNING about Quantum Computing to Bitcoin holders & says Ethereum will be quantum resistant.

Altcoin Daily

140,474 views • 4 months ago

Quantum Computing Will Kill #Bitcoin? WATCH:

Quantum Computing Will Kill #Bitcoin? WATCH:

Altcoin Daily

84,230 views • 1 year ago

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Gate

531,461 views • 1 year ago

Microsoft and Atom Computing are coming together to ultimately build the world’s most powerful quantum machine. Learn more on how we are advancing the future of quantum computing: #AzureQuantum #MSIgnite

Microsoft and Atom Computing are coming together to ultimately build the world’s most powerful quantum machine. Learn more on how we are advancing the future of quantum computing: #AzureQuantum #MSIgnite

Microsoft

47,137 views • 1 year ago

NEW: $1 trillion exited the crypto market amid fears of Google's quantum chip "Willow" threatening #Bitcoin. Is this just the latest round of FUD, or does quantum computing pose a real risk?👇

NEW: $1 trillion exited the crypto market amid fears of Google's quantum chip "Willow" threatening #Bitcoin. Is this just the latest round of FUD, or does quantum computing pose a real risk?👇

Simply Bitcoin

75,015 views • 1 year ago