David Hoffman

So the TLDR for Ethereum is the attack surface is much larger than Bitcoin, right?

And so it's like a harder problem to solve because- It's a harder engineering problem to solve.

Yeah.

Yes.

You're not just dealing with execution, ECDSA, signatures.

You've got data availability, vulnerability.

So the KZG ceremony that they did, that's all toxic waste.

That's all a backdoor.

You've got admin.

accounts.

So stable coins, some of the smart contract keys for stable coins have quantum exposed admin keys.

So there's all sorts of things that you have to upgrade on Ethereum that you don't have to upgrade to Bitcoin.

So I don't know if it's an order of magnitude of a larger task.

I don't think it's quite that much, but it's probably like a 2 or 3x effort.

Engineering effort, you mean?

And you don't have to deal with the big thing, which is property rights.

What do you do with 10% to 15% of the supply?

There's no good answer for Bitcoin there.

And actually, Google makes the same assessment.

They said, Ethereum has a broader overall quantum attack surface than Bitcoin.