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Quantum FUD worries me because three of Bitcoin's most influential devs seem to reject the urgency:
- Luke Dashjr: 'BIP 360 doesn't quantum proof Bitcoin. Quantum isn't a real threat. Bitcoin has much bigger problems.'
- Peter Todd: 'Cryptography relevant quantum computers do not exist. The demos running toy problems do not count.'
- Adam Back: 'Probably not for 20-40 years, if then.'
Google’s new 2029 deadline for post quantum migration is just three years away.
Bitcoin does have a proposal: BIP 360.
It reduces public key exposure but existing coins stay vulnerable until users manually migrate.
Satoshi won't do that.
On the other side, Ethereum Foundation taking the risk seriously and $ETH is outperforming BTC on the quantum timeline changes.
So can Bitcoin Core devs show they are taking the issue seriously? Or is it easier to sell BTC (or rotate to ETH) first and then ask questions?