David Hoffman

Well, everyone in crypto was talking about it.

Mainstream news was talking about it.

We have a lot of commentators outside who have weighed in.

It was basically the news of the week and deservedly so.

I think we should start here with Justin Drake, some of his comments.

He said, today, he's talking about when these papers dropped, today is a momentous day for quantum computing and cryptography.

Two breakthrough papers just landed.

Both papers improve Shor's algorithm, infamous for cracking RSA, not Ryan Sean Adams, the other RSA, and elliptic curve cryptography.

The two results compound, optimizing separate layers of the quantum stack.

The results are shocking, he said.

I expect a narrative shift.

and further R&D boost towards post-quantum cryptography.

He goes on to say his confidence in Q-Day, which is the day at which some quantum computer can crack Bitcoin or Ethereum cryptography, 10% chance by 2032 and dropping for Justin Drake.

So...

Google in this paper is strongly recommending that all of crypto take notice and be on notice and to upgrade to post-quantum by the year 2029.

In fact, that's what Google is doing internally.

This whole paper, David, was specifically written for the crypto industry.

They're like, hey, crypto bros, this one's for you guys.

Completely.

Wow.