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Replying to Avatar weev

That being said, your concern is slightly legitimate. A lot of focus *is* being given to Shor over other algorithms and potentially making money off of Bitcoin derivatives markets is a major part of that motivation. Which is exactly why we need to start taking this seriously and have planned quantum resilience baked into Bitcoin. I’d like to see FIPS-204/205 and eventually 206 when it becomes solidified as a standard be made into wallet formats. So that I can have an n-in-n multisig with taproot and all the new algorithms for my life savings, in hopes that at least one will remain invulnerable through the coming era.

If you are right and quantum never materializes as a threat to elliptic curves, we will have accomplished less, but it will be at least enough for my peace of mind (I have 90% of my net worth in Bitcoin) and it will also let the general market see in the interim that Bitcoin developers and the community have taken potential threats seriously.

If you are wrong and Bitcoin breaks elliptic curves, then we will have saved everything my children are going to inherit.

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the axiom 4d ago

makes sense, I may agree

on an related topic, what do you think of moving to zcash? they're quantum resistant, scalable and fully private, it sounds like the bitcoin ideal

I'm not a zcash shill and don't own any, was just thinking

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weev 4d ago

zcash is not fungible

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