BitGo CEO Slams Report Claiming Quantum Computing Could Break BTC by 2030CoinDesk reported that post-quantum security firm Project Eleven warned quantum computing could threaten BTC wallet security by 2030. The firm said Bitcoin's bigger challenge is not technical, but coordination: users, exchanges, custodians and miners would all need to migrate to post-quantum cryptography at the same time.BitGo CEO Mike Belshe pushed back, arguing that the warning comes from a company whose business model depends on pub ...

BITCOIN: Quantum computing could break $BTC wallets by 2030. The bigger problem: migrating Bitcoin to post-quantum cryptography requires every user, exchange, custodian and miner to move simultaneously.@ProjectEleven_ says the gap isn't technical — it's coordination.Read more on CoinDesk ...

RT mert (@mert)many people dont know thiszcash was the first ever zk snark system on the planet (which is crazy lore), and so zk tech was very early and hard to work withzcash only started becoming viable ~2 years agoafter grinding for years, the tech finally advanced to have better performance and fewer compromises, while others took shortcutsthen @zodl_app came along and started building on top of it to show what's possiblenow, we're in a state where we have the strongest cryptographic guarantees through ...

RT mert (@mert)it's a bit like saying "why would I invest in apple if ppl use ibm already"it's an unserious frameanswer to it is easy:i) zcash historically was super hard to use. it wasn't until the last year and a half that it became feasible. this is because zcash pioneered the field of zk, which took a lot of work. in the meantime, xmr launched with weaker cryptography and got network effects(That weak cryptography is gonna bite them in the ass hence quantum retrotracing and the swath of monero tracing c ...