Read_875 - Against Allowing Quantum Recovery of Bitcoin

March 26, 2025 01:35:22
Read_875 - Against Allowing Quantum Recovery of Bitcoin
Bitcoin Audible
Read_875 - Against Allowing Quantum Recovery of Bitcoin

Mar 26 2025 | 01:35:22

/

Hosted By

Guy Swann

Show Notes

"Not your keys, not your coins."
I posit that the corollary to this principle is:
'Your keys, only your coins.'

A quantum capable entity breaks the corollary of this foundational principle. We secure our bitcoin with the mathematical probabilities related to extremely large random numbers. Your funds are only secure because truly random large numbers should not be guessable or discoverable by anyone else in the world.

It seems almost inevitable, that at some point quantum computing could reach the capacity to break current cryptographic standards, so the question is, what do we do about it? Do we allow the first entities with a powerful quantum computer, the already wealthy and powerful, attack the keys to millions of BTC and dominate the economic destiny of Bitcoin? Or should this be treated like a vulnerability? A bug in the code. Where we set a date to deprecate the old signatures, and burn the coins that were lost to vulnerable keys? The answer might not be as simple as you first suspect, Jameson Lopp makes a solid case in today's article.

Check out the original article: Against Allowing Quantum Recovery of Bitcoin by Jameson Lopp (Link: https://tinyurl.com/ysaz7va6)

Host Links

Check out our awesome sponsors!

Ready for best-in-class self custody?

Trying to BUY BITCOIN?

Bitcoin Games!

Bitcoin Custodial Multisig

Education & HomeSchooling

 

Other Episodes

Episode

December 12, 2025 02:11:06
Episode Cover

Chat_153 - Welcome to Subscription Hell with Matt Ahlborg

"We cannot master any one particular modality in the way that a company can master that on their own when it's the only thing...

Listen

Episode

September 07, 2018 00:25:43
Episode Cover

CryptoQuikRead_146 - The Three Economic Eras of Bitcoin

"The Third Era will start with civil war" -Rusty Russell The future economic reality of the Bitcoin ecosystem has been hard-coded into the consensus...

Listen

Episode

February 02, 2024 01:22:32
Episode Cover

Ai_014 - A Million New Devs with Hope TS

"I think AI can make a lot of things better, and if you put them together, if you are aware of the resources at...

Listen