Chamath

100%.

Brown or Colombian?

The Bitcoin thing was interesting because I think in the last couple of months, what we've started to see is an increasing amount of research that says that the scheduled eventuality of a quantum chip, a functional chip, is probably not 25 or 30 years away.

it's probably now in the next five to seven years, if I had to guess.

And I think that because that event horizon has moved in, in these next five to seven years, for those that follow Bitcoin and care about it,

My only advice on this topic is that the leaders of the Bitcoin ecosystem need to organize themselves and need to make sure that they have an answer to the question of, is this stuff quantum resistant?

Because if the answer is no, they are a very visible and obvious honeypot.

Now, there is the answer that then a lot of the Bitcoin community gives, which is, well, everything is screwed.

And my only advice is possibly, but if a non-state actor gets a hold of quantum technology that can defeat crypto as we know it today, SHA-256, you know, ECDS, like the elliptical curve stuff, the run-of-the-mill stuff that we all rely on,

A non-state actor's incentive will first be to drain the obvious honeypots and then tell everybody that it's broken so that then everything goes to shit, all the prices go to zero, and then they have all the money and then they can buy stuff.

That would be the sequence of events if you were a non-state actor.

So yes, you're right, the banks get hacked.

Yes, you're right, all this other stuff goes kaput.

But I think you first go and you exploit the obvious places, and I think crypto is the most obvious honeypot in a world where you can defeat encryption.

Now, in fairness, the crypto community, this was much, much earlier, had to deal with this.

They had to migrate from different encryption schemes in the early parts of Bitcoin, and they were able to self-organize.

The difficulty here is you're talking about a big technological lift.

You're talking about all the wallets being re-architected.

You're talking about all the transactional flows, all the processing nodes.

These are complicated things that need to happen.