Bitcoin Quantum ‘Doomsday’ Fears Are Overblown, a16z Research Says
A new a16z crypto research paper argues that apocalyptic narratives about quantum computers instantly killing Bitcoin are badly misaligned with reality, and that the real risk for blockchains lies in long, messy migrations rather than a sudden “Q-Day” collapse. The piece has already triggered a sharp rebuttal on X from investors who say the threat […]
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A heated debate erupted on X this weekend after Gabor Gurbacs, founder of Pointsville and strategic advisor to Tether, dismissed growing fears about Bitcoin’s vulnerability to quantum computing. In a series of posts, Gurbacs called the notion of a “quantum doomsday” for Bitcoin “pure FUD,” arguing that Bitcoin’s cryptographic foundations are already resilient and adaptable […]
Quantum computing has become a durable risk narrative for Bitcoin. This week, Galaxy Digital head of research Alex Thorn sat down with Strategy executive chairman Michael Saylor addressing the issue, shortly after Saylor posted his own “Bitcoin Quantum Leap” thesis on X. “The Bitcoin Quantum Leap: Quantum computing won’t break Bitcoin—it will harden it. The […]
News about breakthroughs on quantum mechanics is streaming into the media at an increasingly rapid rate. Recent research indicates that we could harness, in the not too distant future, the power of quantum mechanics to achieve instantaneous computing. Already, devices can store and manipulate quantum bits of information and emit quantum signals. The....
Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics to exist in a “superposition”: a combination of zero and one, with some ...
The rapid pace of development may make quantum computers a reality by the end of this year. Computer Science is one of the rapidly advancing fields. The progression of Bitcoin mining hardware since the cryptocurrency’s inception in 2009 is a good example. Now, the next giant leap for computing is stated to be Quantum Computing and it may soon become a reality, or at least that’s what a leading science publication states. There have been instances in the past when people have expressed their doubts about the future of Bitcoin once quantum computers become a reality. But the community took....