Michael Saylor Labels Quantum Threat Bitcoin As Hype
Michael Saylor has dismissed fears regarding quantum computing's threat to Bitcoin, labeling them as marketing tactics for quantum-related tokens. He stated that concerns about quantum computing compromising Bitcoin's security are exaggerated. Research indicates that 10 million Bitcoin addresses have exposed public keys, with over 6 million potentially at risk if quantum computers can break elliptic curve cryptography (ECC). However, Saylor argues that tech giants like Google and Microsoft would not release such technology, as it would jeopardize their businesses and the financial system. He believes that if a legitimate threat arises, Bitcoin's developers would implement necessary upgrades. Saylor emphasized that phishing attacks pose a far greater risk to Bitcoin than quantum computing. Project Eleven has initiated a competition to assess the urgency of the quantum threat to Bitcoin, noting that current quantum computers are not yet capable of breaking Bitcoin's security.
