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Ryan Sean Adams

👤 Speaker
4484 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Yeah, I think it's definitely a flashing red light for ecosystems that aren't addressing the problem.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

But Ryan, we're smart, logical people in crypto, right?

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

We're addressing the problem, are we not?

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Yeah.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

So just to trace over that again, quantum signatures, post-quantum cryptographic signatures, the ones that we need to upgrade to are beefier.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

They're heavier.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

They take more space, require more compute.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

They're slower.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

And Bitcoin has already gone through its block size wars and these small blockers won, which is fine.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Maybe that was the right choice for then.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

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.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

That's micro blocks, man.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Do we need to even hash out the big block, small block war again?

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

No.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

Maybe not because, yeah, I could say it just like you just actually just don't need to transact on Bitcoin.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

You just need to hold the Bitcoins.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

And maybe this also solves the Bitcoin fee budget with 0.3 transactions per second.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

I think there's an argument for the small blocker side of things.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

These are assumed tokens that will never move because the owner is gone or dead or the private keys are lost.

Bankless
ROLLUP: Google’s Quantum Warning | Trump’s Iran Speech | Ethereum Economic Zones | Drift Hack

And so the only way that they will move is that these wallets are going to get exploited eventually by the incoming quantum computer.