X @Ignas | DeFi

Bitcoin is being dumped by long-term holders due to quantum risk. A quantum computer with sufficient logical Qubits will be able to break the private keys of 20-30% of the coins. This means that Bitcoin is effectively providing a US$500 billion 'science prize' to the first company to build the computer which breaks the encryption. There are some potential solutions for the problem, but it is clear that because Bitcoin has no management or leaders, they won't be adopted. The Bitcoin protocol will most likely ...