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Adam Back dismisses quantum computing panic: Bitcoin currently has no risk of collapse, and quantum threats remain a long-term issue
The discussion about quantum computing potentially causing a collapse of the Bitcoin market has recently heated up again. In response, Blockstream CEO and renowned cryptographer Adam Back explicitly stated that the current level of quantum computing development is far from enough to threaten the Bitcoin network, let alone trigger a systemic collapse at the price level.
Adam Back refuted an extreme opinion article that claimed quantum computers could cause Bitcoin's price to plummet 99% from approximately $87,000. Back pointed out that such a scenario is only possible if quantum computers can massively break Bitcoin wallet private keys and attack the entire network consensus mechanism, but the reality is still very far from reaching this stage.
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