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 28, 2019 00:56:17
Episode Cover

CryptoQuikRead_334 - A Bitcoin Roadmap 2020 & Beyond [John Newbery Tweet Thread]

Closing out an extraordinary year in 2019 has us looking forward at 2020 & Beyond. What will we bring to Bitcoin, and what could...

Listen

Episode

July 23, 2018 01:03:30
Episode Cover

CryptoChat_003 - Nik Bhatia on The Future of Bitcoin Financial Markets

The Lightning Reference Rate, Changes in Lightning Tech #eltoo, Returns without Counterparty Risk, CFA Institute Enters Crypto, ETFs on the horizon, Futures, and a...

Listen

Episode

June 28, 2023 00:43:15
Episode Cover

Read_745 - Every Company Will Be A Lightning Company [Graham Krizek]

"Neither a startup nor a bank will ever be able to cost-effectively compete on a global scale with the Lightning Network." — Graham Krizek...

Listen