Ryan Sean Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah, I think it's definitely a flashing red light for ecosystems that aren't addressing the problem.
But Ryan, we're smart, logical people in crypto, right?
We're addressing the problem, are we not?
Yeah.
So just to trace over that again, quantum signatures, post-quantum cryptographic signatures, the ones that we need to upgrade to are beefier.
They're heavier.
They take more space, require more compute.
They're slower.
And Bitcoin has already gone through its block size wars and these small blockers won, which is fine.
Maybe that was the right choice for then.
What potentially happens now is that with even bigger transactions, Bitcoin TPS is going to go from three transactions per second to, if it makes the transition to post-quantum, 0.3 transactions per second.
That's micro blocks, man.
Do we need to even hash out the big block, small block war again?
No.
Maybe not because, yeah, I could say it just like you just actually just don't need to transact on Bitcoin.
You just need to hold the Bitcoins.
And maybe this also solves the Bitcoin fee budget with 0.3 transactions per second.
I think there's an argument for the small blocker side of things.
These are assumed tokens that will never move because the owner is gone or dead or the private keys are lost.
And so the only way that they will move is that these wallets are going to get exploited eventually by the incoming quantum computer.