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Ryan Sean Adams

👤 Speaker
3095 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Physical, logical, and then time to, you know, the algorithm?

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Interesting.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

But Q-Day could also happen behind the scenes without us knowing how far along we really are.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Last question on Qubits.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

So are quantum computing data centers being built out right now?

Bankless
Ethereum’s Quantum Strategy with Justin Drake

We have this massive data center build out for AI.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Is something similar starting to happen with quantum computers?

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Wait, just to be clear, Zcash is not post-quantum secure right now?

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Correct.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Even though it's using ZK, like Snarks and all this?

Bankless
Ethereum’s Quantum Strategy with Justin Drake

I mean, like if we started seeing coins from people who- Yes and no, because we're already seeing it today.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

So QDA happens in a Justin Drake scenario, and maybe a Zcash is the first to have some form of an attack.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And then you might see some addresses on-chain that aren't very noticeable because the attacker won't want to draw their attention to it, some addresses on Bitcoin.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

But then the attacker would kind of step things up and go for larger and larger treasure sources on Bitcoin.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Now, my understanding, we talked about this a little bit last year when he came on, we talked about quantum.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And then I've read some Nick Carter pieces currently, is that there is a portion of Bitcoin supply...

Bankless
Ethereum’s Quantum Strategy with Justin Drake

that is kind of in the lost coin type of scenario, which is like either the individual has passed away, lost their private keys, they're Satoshi themselves.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And I think Nick estimated this to be potentially up to the minimum threshold for that is like 1.7 million Bitcoin.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

I know there are different estimates of this, which would be 8.6% of the mine supply.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

So this is less than the 35% that you were talking about.