Meh, considering its a threat to almkst every encryption, if not them all, people are alreafy working on quantum resistant stuff..

All over my head.

But here is the BIP

https://github.com/cryptoquick/bips/blob/e186b52cff5344c789bc5996de86697e62244323/bip-p2qrh.mediawiki

The reality is all the other banking and govt sites will be significantly more vulnerable due to their centralization, even Coinbase and other CEXes.

So the decentralized nature of the Bitcoin network is another speed bump, or road block, in the chain of events that has to happen for Bitcoin to be hacked via quantum computing.

Then let’s say a quantum hack does occur…would a nation state or a hacker want to hack a publicly traceable network or a closed centralized one?

And if someone did hack Bitcoin, assuming a 51%+ takeover, then what…they steal all the bitcoin and who will they sell it to??

In security there is a basic premise: you can never be 100% secure, you can only place deterents and the stronger and more time consuming the deterents, then the less the reward (payoff) is for the risk assumed.

So in short, Quantum Computing has been a thing for several decades already. I remember exploring the idea ~20 years ago when I was an IT Director.

Will it happen…yes, but when? 🤷‍♂️

I can’t speak to the technical ins and outs of quantum computing and its threat to current cryptography. However, a lot of the fear about quantum computing possibly being the end of bitcoin is really just fear mongering to drive clicks. If the world doesn’t fully develop post quantum cryptology protocals bitcoin will be the least of our concern. Anything that relies on current encryption methods would be at vulnerable. I.E. bank access, all our passwords, communications, ect. I believe if we get to a point where quantum computers break current algorithms we will also have developed quantum cryptography methods.