Adam Back Shuts Down Quantum Panic: “Uninformed Noise”
Adam Back, the CEO of Blockstream and a pioneer in the field of Bitcoin, vigorously responded to fresh worries about the risks that quantum computing poses to the currency. Following a warning from a Bitcoiner venture capitalist that quantum developments might compromise Bitcoin’s cryptographic security, he made these remarks. Back rejected these assertions as overstated and ill-informed, contending that they misunderstand both the state of quantum technology today and Bitcoin’s adaptability.
You make uninformed noise and try to move the market or something. You’re not helping,
Back
Back Dismisses Near-Term Quantum Risks Facing Bitcoin
According to Back, quantum computing is still a long way from being a serious danger to Bitcoin. To crack Bitcoin’s encryption standards, current quantum computers aren’t big enough, stable enough, or smart enough. He pointed out that such capabilities are still many years away, even from the most optimistic predictions. Cryptography standards that have been extensively explored are the backbone of Bitcoin’s security. Researchers all across the world are always looking at these systems. According to Back, the focus should be on actual adoption and scale, not on portraying quantum risk as an immediate threat.
Back: Quantum Computing Could Push Bitcoin Innovation Forward
Bitcoin is dynamic, Back told investors. It can evolve through consensus-driven improvements if quantum-resistant cryptography is needed. Improvements to signature systems and wallet security have occurred before. He said markets underestimate Bitcoin’s versatility. Quantum computing may accelerate protocol improvements rather than pose a systemic concern. The long-term investing thesis of Bitcoin is strengthened by this. In general, Back’s comment shows how the Bitcoin community is becoming increasingly irritated with what he sees as speculative storylines.
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