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David Hoffman

👤 Speaker
3245 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

You guys can go through it, run it through your AI bots if you'd like.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

But it is directed towards cryptocurrency.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

They go through specific solutions and problems for Bitcoin, Ethereum, and a list of other chains as well.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

So what was the actual innovation?

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Yeah, I think that's important.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

And the way Nick Carter frames this is, you know, Google, I think we reported a couple of weeks ago, did drop their internal quantum deadlines.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

They want to be fully quantum resistant by 2029.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

And that seemed to come out of nowhere.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

And the question is like, what did Google see?

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Why did they drop these dates?

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Because NIST and other government agencies were talking 2032.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

By 2035, it seemed like we had more time.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

And then Google's like, hey, guys, like we're doing it by

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

2029.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

So what did they see?

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

This is what they saw.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

The Google paper is talking about a reduction of 20X, an improvement in Shor's algorithm that could break Bitcoin and Ethereum's cryptography.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

When I say a 20X improvement, I'm talking about the number of physical qubits required to actually break ECDSA, which is the signature scheme for Bitcoin and Ethereum.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Exactly.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

That's right.