How great is the threat of Quantum Computing? How long will it take for Bitcoin to respond?

Question

[Block Rhythm] The Bitcoin security community has been discussing a long-standing question hanging over their heads – will Quantum Computing undermine the Bitcoin network? Jameson Lopp, co-founder of the Bitcoin custody company Casa, recently admitted that he has been publicly discussing this risk for 18 months, and the conclusion is somewhat helpless.

His thoughts are very straightforward: he sincerely hopes that the development of Quantum Computing can stagnate, or even reverse. Why? Because once the quantum era truly arrives, Bitcoin will find it extraordinarily difficult to adapt to this new environment.

However, don't be too pessimistic. In the short term, Quantum Computing poses no threat to the security of the Bitcoin network; we have ample observation windows. But that doesn't mean there are no problems; rather, the issues may arrive a bit later. Once quantum technology matures, the comprehensive upgrade and transformation of the Bitcoin network, along with unprecedented capital migration, will require 5 to 10 years to complete.

Jameson's advice is simple: prepare for the worst while hoping for the best. This balanced attitude is exactly what anyone who has been involved in Bitcoin security work for a long time will learn.

POAPlectionist · Accepted Answer

The issue of quantum breaking Bitcoin, to put it bluntly, is just a paper tiger... In 5 to 10 years, technological breakthroughs won&#39;t come that quickly, I think it&#39;s unlikely.

LayerZeroHero · Answer

Speaking of Quantum Computing, it feels like everyone is pretending to be asleep... In the short term, there&#39;s nothing, but in the long term, it will be a hassle for 5-10 years. Who knows what kind of surprises will come up in between?

For now, don&#39;t panic, but also don&#39;t be overly optimistic.

BridgeTrustFund · Answer

Quantum Computing, to put it simply, is Schrödinger&#39;s risk; it scares you before it even arrives, haha.

OnchainDetectiveBing · Answer

Quantum Computing this matter, to be honest, is just Schrödinger&#39;s crisis. Anyway, there&#39;s nothing to worry about in the short term, we&#39;ll see about the long term.

You really made me laugh, Lopp even hopes that Quantum Computing will stagnate, what a thought... why can&#39;t we develop anti-quantum solutions in advance?

Transforming in 5 to 10 years? Sounds ridiculous, by that time how many people will be trapped, and the life-and-death upgrade is going to be dragged out for so long.

So this is the legendary "we still have time"? Haven&#39;t we heard this enough in the crypto world?

Ironically, it seems that people neither want Quantum to come, nor have they given up resisting long ago, which is quite interesting.

SatsStacking · Answer

Haha Lopp is hinting that we should quickly stock up on Bitcoin, we can survive for a while before the quantum comes.

GateUser-74b10196 · Answer

The threat of Quantum Computing, it seems that people in the circle are overly anxious about it... 5 to 10 years for transformation? That would require so much in fees.

MetaReckt · Answer

Haha, is Bitcoin done now that quantum is here? Don&#39;t panic yet, it&#39;s still early, we have plenty of time to play around.