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

September 12, 2018 00:32:21
Episode Cover

CryptoQuikRead_149 - Bitcoin as a PrivacyCoin

“Ever since its inception Bitcoin has never really been private…. Fortunately, spying on Bitcoin users is becoming increasingly difficult.” - Aaron Van Wirdum Listen...

Listen

Episode

May 15, 2018 00:07:41
Episode Cover

CryptoQuikRead_070 - Joe Lubin & Jimmy Song Bet Over Blockchain 'Magic Dust'

The most entertaining panel discussion so far @Consensus2018 was between Joe Lubin, Amber Baldet, and Jimmy Song.  Song met the panel with uninhibited skepticism...

Listen

Episode

July 09, 2018 01:05:54
Episode Cover

CryptoChat_001 with Daniel Goldman - Verge, Digital Gold, Forks, and Going Down the Rabbit Hole

Challenges with Verge, thoughts on Bitcoin maximalism, the inevitability of forks and altcoins, and our first trips down the rabbit hole.  All this and...

Listen