Whenever a new quantum chip gets announced, people ask me “Is Bitcoin dead?”
Short answer: no. Longer answer: it’s complicated, but not in the way most people think.
Quantum computing is real....
The word theoretically is doing way too much work here. CRQC is never going to happen because it's not physically possible. There is no known physical threat to ECC, including Bitcoin keys. The only threats here are FUD, regulation and self-inflicted mangling of the network.
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