Justin Drake

And so in some sense, Q-Day is not totally black and white.

Like there will be a little bit of a period where it's kind of broken, but only for the very, very top high value addresses.

Yes.

And if indeed it is going to be a nation state that has access to these quantum computers first, unless crypto plays a major systemic role in the world, more likely than not, they'll use their powers to attack things in a stealthy way, for example, spy on their adversaries.

So that plays in our favor.

But if you're dealing with a purely rational entity that's motivated by dollars, they might indeed go for Bitcoin or Ethereum.

Yes.

So I was reading this press release, I believe from Continuum.

They're building kind of this photonics-based quantum computer, and they're very, very stealthy.

They raise a lot of money, billions of dollars, partly from the Australian government, if I

they kind of want a one-shot quantum computer.

So a lot of what the other companies are doing is that they're building small proof of concepts and then ramping up.

They want to build the whole thing from day one.

And so they're building this massive data center, and you can see pictures on the internet,

And I think this is because of the modality where we're dealing with photonics, which doesn't require the really cold temperatures that some other modalities, for example, superconducting requires.

And so you can take a much more traditional looking data center and put your quantum computer there.

Basically, you need to look at the incentives to attack.

And the rational move for an attacker is basically to go fetch the largest addresses.

And actually, maybe even before that, to go fetch...

either addresses where there's like perfect privacy or addresses where there's plausible deniability.