BlockBeats News, December 21st, Jameson Lopp, co-founder of Bitcoin custodian company Casa, stated in a social media post, “I have been publicly discussing the risk that quantum computing poses to Bitcoin for 18 months now. My primary conclusion is: I genuinely hope that the development of quantum computing will stall or even recede because adapting Bitcoin to the post-quantum era will be very tricky, for many reasons.”
“Quantum computers will not break the Bitcoin network in the short term. We will continue to monitor their development. However, a thorough overhaul of the Bitcoin network (and unprecedented fund migration) could take 5 to 10 years. We should hold out the best hope but also prepare for the worst-case scenario.”
