Charlie Spears explores the existential threat of quantum computing to Bitcoin. Shor’s algorithm and the heated debate surrounding Satoshi’s 1 million BTC stash.

We break down the difference between bits and qubits, explain why Shor's algorithm threatens elliptic curve cryptography, and debate the fate of Satoshi's vulnerable coins. It’s a deep dive into encryption, timeline predictions, and the massive coordination challenge facing the Bitcoin network to upgrade before it's too late.

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Notes:

* Satoshi has ~1M quantum vulnerable BTC.

* 2-4 million total BTC are currently exposed.

* 10-20% of supply is vulnerable to Shor's algo.

* Breaking BTC needs ~4,000 logical qubits.

* Google’s Willow chip has 105 physical qubits.

* NIST finalized quantum standards in 2024.

Timestamps:

00:00 Start

01:02 Overview

05:08 The Algorithm

10:59 Satoshi's Coins

13:09 How Long Do We Have?

15:18 Where Do We Stand?

17:22 Post Quantum Migration

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The Blockspace Pod: Unraveling Bitcoin's Quantum Problem