Brian Armstrong

But something like, you know, maybe the 100 to 200K range seems plausible to me by end of year.

We'll see.

Okay.

Any other thoughts, gents, before I move on?

Yeah, so we don't think there's an imminent risk, but we do think that it's almost certain at this point that somebody eventually will create a powerful enough quantum computer that this challenges the cryptography in the current Bitcoin implementation and really all the cryptography on the internet.

So it's not just a Bitcoin issue.

So my view is we should always get ahead of these things and start to make progress.

And luckily, all the major blockchains are doing so.

The Bitcoin core developers have a proposal out there.

It's called BIP360, I believe.

And the Ethereum team has established a roadmap.

I'd say they're about 20% of the way, is my estimate, toward their upgrade.

The Solana team is doing something similar.

So the good news is people are starting to come together and work on this.

Coinbase did establish a quantum advisory council and it has a number of folks on there, like professors like Dan Bonet, who's at Stanford, is a cryptography expert.

You know, Professor Scott Aronson at the University of Texas, Austin, Justin Drake from the Ethereum Foundation, etc.

Yehuda Lindell is a crypto expert, a cryptography expert, I should say, at Coinbase.

So there's a handful of folks here that have come together and tried to suss out what the main challenges are.

And I actually think that that BIP 360 is a good proposal.

It talks about how we can use post or quantum resistant cryptography in the Bitcoin blockchain.