Migrating Bitcoin (BTC) to post-quantum standards will take at least 5-10 years, according to Bitcoin core developer and co-founder of crypto custody company Casa, Jameson Lopp, who weighed in on the ongoing quantum computer debate.
Lopp agreed with Adam Back, the CEO of crypto infrastructure company Blockstream, that there is no near-term threat to Bitcoin from quantum computers. Lopp said in an X post.
“Quantum computers won’t break Bitcoin in the near future. We’ll keep observing their evolution. Yet, making thoughtful changes to the protocol and an unprecedented migration of funds could easily take 5 to 10 years.
_Source: _Jameson Lopp
We should hope for the best, but prepare for the worst,” he added. In a separate post, he said the Bitcoin protocol is more challenging to upgrade to post-quantum standards than centralized software because of its distributed consensus model.
The debate over the quantum threat and possible solutions continues to be a major topic of discussion in the Bitcoin community, with a growing schism between Bitcoin maximalists, who urge caution in prompting changes to the protocol, and venture capitalists (VCs), who say the quantum threat is imminent.
**Related: **__Blockchains quietly prepare for quantum threat as Bitcoin debates timeline
Bitcoin OGs, developers and whales clash with venture capitalists
“Quantum-resistance solutions are affordable enough to be financed by non-profits and VCs,” Bitcoin maximalist Pierre Rochard said.
Rochard added that it would be so expensive to attack Bitcoin through quantum computers that the government would be forced to “subsidize it as a collective action problem.”
_Source: _Pierre Rochard
Samson Mow, a Bitcoin investor and CEO of wallet company and advocacy group JAN3, also cast doubt on the ability of a quantum computer to crack Bitcoin’s security.
“In reality, quantum computers can’t factor the number 21 — not 21 million — 21, without heavy customization to the algorithm,” Mow said.
Despite this, venture capitalists and other investment firms warn that BTC’s price is being impacted by the threat, or perceived threat, from quantum computers.
The price of BTC could dip below $50,000 if the protocol is not quantum-ready by 2028, according to Charles Edwards, the founder of digital asset investment fund Capriole.
Edwards called for Bitcoin node operators to enforce Bitcoin Improvement Proposal (BIP) 360, which introduces a quantum-ready signature scheme for BTC.
**Magazine: **__Quantum attacking Bitcoin would be a waste of time: Kevin O’Leary
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Why Did Bitcoin Fall Today? Iran's Key Leader Dies, Hormuz Strait Faces Blockade Again
Recent reasons for Bitcoin's decline include geopolitical conflict uncertainty triggered by the death of Iranian wartime official Larijani, the blockade of the Strait of Hormuz pushing oil prices above $100, exacerbating inflation pressures and reducing Federal Reserve rate cut expectations, as well as institutional capital withdrawal. On the technical side, $72,000 is an important support level, and a break below could lead to further exploration toward $64,000.
MarketWhisper20m ago
Trader "First Sets 10 Major Targets" Goes Long for $14.668 Million Profit, Then Shifts to Shorting BTC at Opening Price Around $74,200
Gate News reported that on March 18, according to AI Auntie's monitoring, trader "Set 10 Big Goals First" @Jason60704294, who previously profited 14.668 million USD from long positions, reversed direction early morning to short BTC. Currently holding 28.48 BTC, with an estimated entry price of approximately $74,210 USD based on tweet timing. This position was opened on a certain CEX and cannot be tracked to an address or verified through on-chain data.
GateNews22m ago
BlackRock withdrew 2449 BTC from a certain CEX 7 hours ago, worth approximately $182 million
Gate News: On March 18, according to Onchain Lens monitoring, 7 hours ago, BlackRock withdrew 2,449 BTC (worth $181.82 million) from a certain CEX. Over the past two days, BlackRock withdrew 6,167 BTC (worth $456.23 million) from the CEX and deposited 2,267 BTC (worth $166.66 million).
GateNews32m ago
Market Awaits Fed Decision as Bitcoin Consolidates at $74,000 High
Middle East tensions remain elevated, with investors focusing on the impact of high oil prices on inflation and the Fed's interest rate decision. U.S. stocks rose slightly, with energy stocks performing well, while Bitcoin consolidated around thousand dollars. Markets expect the Fed to hold rates steady, with attention on Powell's remarks.
GateNews1h ago
