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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

And then whoever has that quantum computer gains access to 2.3 million tokens.

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

out of the 21 million satoshi coins and that is the guaranteed number that is available to the quantum computer and then there's the 6.9 million again of the 21 million total bitcoins that is bitcoin that is vulnerable that needs to be migrated and we do not know to what degree that those coins are also lost at least some and so what do you do with the dormant coins actually google delved into this as well in their paper and they're like there's four options

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

I see.

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

So that is kind of, that is the burn, but with a escape hatch for people who actually do have the private key.

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

That's right.

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

See, I like that one.

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

I would do that one.

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

I do kind of like that one.

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

But I do kind of like that one.

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

That requires the most coordination, which is the biggest challenge for Bitcoiners.

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

Yes.

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

It's just like...

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

Engineering effort and just like the work required.

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

The work required, yes.

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

Qualitatively, Bitcoin...

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

has a coordination and a consensus problem.

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

Yes.

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

And Ethereum, like some of these things, like admin vulnerability for something, for example, 200 billion in stable coins and real world assets controlled by quantum exposed admin keys.

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

Well, the admins just need to do the thing.