David Hoffman
👤 SpeakerAppearances Over Time
Podcast Appearances
You guys can go through it, run it through your AI bots if you'd like.
But it is directed towards cryptocurrency.
They go through specific solutions and problems for Bitcoin, Ethereum, and a list of other chains as well.
So what was the actual innovation?
Yeah, I think that's important.
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.
They want to be fully quantum resistant by 2029.
And that seemed to come out of nowhere.
And the question is like, what did Google see?
Why did they drop these dates?
Because NIST and other government agencies were talking 2032.
By 2035, it seemed like we had more time.
And then Google's like, hey, guys, like we're doing it by
2029.
So what did they see?
This is what they saw.
The Google paper is talking about a reduction of 20X, an improvement in Shor's algorithm that could break Bitcoin and Ethereum's cryptography.
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.
Exactly.
That's right.