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Author Topic: Nic Carter on Bitcoin and the Quantum Threat, real or "Chicken Little"?  (Read 293 times)
Satofan44
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April 29, 2026, 04:13:25 PM
 #21

Bitcoin’s timeline to deal with quantum computers just got a little bit shorter.
Oh my god what a trash article. But anyway, I don't want to dismiss Lelli's achievement.

It is hidden in the article that the key Lelli cracked was a 15-bit key. This means there were around 32000 possible key combinations. Even bruteforcing and without using the fancy algorithms our Kangaroo fanboys of the Development & Technical subforum use, this is something a conventional computer does in a fraction of a millisecond.

So it would be very interesting which "public accessible cloud" hardware exactly Lelli used, which is not specified in the articles I have found about the subject.

It is also not true what the article claims that "only after Google's update to 2029" the Bitcoin developers became aware of the problem. SHRIMPS was published in March, and SHRINCS in December 2025.

PS: more about the supposed "attack": https://u.today/first-quantum-hack-in-crypto-is-here-but-bitcoin-pioneer-adam-back-labels-it-as-fake
As you can see basically in every thread, post (on this forum or elsewhere) or article it boils down to: people who don't know anything about this but pretend that they do (you can see this in WO thread as well), or people who are just giving a biased take regardless of which side they are on (it's happening and the world is on fire, or it is not happening anytime soon). What is clear that there is not a single well-written article on this in the mainstream that provides a balanced take on this, like I said regardless of which side the person who wrote it is on. These are the only facts:
  • This will become an issue eventually
  • Nobody knows when. Nobody.
  • The worst case would be if it completely surprises us, for example if it starts happening tomorrow.
  • Bitcoin will survive even if the worst case occurs.

Everything else is speculation, fearmongering, bias, whatever the fuck (I may have missed a point or two, but you can derive objective implications). Many people will sell both quantum-security scams and others will sell startups that will "unlock" satoshis coin. Basically you have vultures on both sides of this, who are all scammers. Nothing has changed, and none of these recent updates change anything either.

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