The legend @nic_carter is like Paul Revere riding through the streets shouting "The Qubits Are Coming." I appreciate what he's doing to raise awareness here. https://t.co/xMjGsfsrWG
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LIVE NOW - Nic Carter: Bitcoin Has 3 Years to Survive the Quantum Threat
Bitcoin may be heading into its first true existential governance test.
@nic_carter is back on Bankless to talk through:
- Why the latest Google quantum paper changes the threat model for Bitcoin,
- why 2029 could be the real deadline to migrate to post-quantum signatures,
- how a 9-minute attack could make ordinary Bitcoin transactions vulnerable,
- why the fight over Satoshi’s dormant coins could become Bitcoin’s hardest governance battle,
- and why Ethereum may be better positioned for the transition.
Enjoy the episode!
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TIMESTAMPS
0:00 Nic Carter’s Stark Warning
3:55 Bitcoin’s Status Quo Problem
9:36 The New Quantum Papers
12:07 When Breakthroughs Go Dark
16:28 “We will not get significant prior notice”
21:24 The 9-Minute Attack
31:33 Why 2029 suddenly matters
34:24 Post-Quantum Tradeoffs
46:03 Why Bitcoin Isn’t Reacting
52:21 The Satoshi coin problem
1:02:54 Nic’s salvage-law alternative
1:10:13 Why Ethereum looks more pre
The 30D SMA of Bitcoin's total daily transaction fees has dropped to 2.5 $BTC per day.
Lowest level since March 2011… https://t.co/PMf5O8dF6Q
📊 Global changes impact mining power
The global hashrate recorded variations in Q2 while emerging markets gain share in Bitcoin mining.
📰 Full article:
https://t.co/DgNkiwHAcV
How Many Bitcoins Are There?
How Much Is Bitcoin Today?
What Is Bitcoin Mining?
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
