Ryan Sean Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
And then whoever has that quantum computer gains access to 2.3 million tokens.
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
I see.
So that is kind of, that is the burn, but with a escape hatch for people who actually do have the private key.
That's right.
Yeah.
See, I like that one.
I would do that one.
I do kind of like that one.
But I do kind of like that one.
That requires the most coordination, which is the biggest challenge for Bitcoiners.
Yes.
It's just like...
Engineering effort and just like the work required.
The work required, yes.
Qualitatively, Bitcoin...
has a coordination and a consensus problem.
Yes.
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.
Well, the admins just need to do the thing.