I see this as having major data security risks
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0 sats \ 0 replies \ @03393ec3a3 12 Sep
I agree. US NIST and US White House both agree with you, as well. Last month NIST approved general purpose and digital signature algorithms for post-quantum encryption (PQE), and the Biden Administration allocated $7B to migrate the US government to PQE:
https://www.nist.gov/news-events/news/2024/08/nist-releases-first-3-finalized-post-quantum-encryption-standards
https://www.whitehouse.gov/wp-content/uploads/2024/07/REF_PQC-Report_FINAL_Send.pdf
It isn't mentioned in this Perplexity summary, but last time I checked in on Microsoft, they were on track to deliver 10,000 qubits by EOY. Most of the literature from Gartner, Forrester, IDC, etc., suggest Q-Day will occur by 2030.
In fact, if I'm not mistaken, lots of existing tools already use PQE, like Chrome, Apple iMessage, Telegram, Signal, Mullvad, etc., so it feels like the digital currency space is falling behind a bit.
It makes me very relieved that Hunter Beast is working on BIPs for quantum resistant BTC address types, but I just hope the Core team starts engaging sooner rather than later: https://github.com/cryptoquick/bips/blob/p2qrh/bip-p2qrh.mediawiki
Above all, though, it is reassuring that there are others out there like yourself who are waking up to this emerging concern and taking it seriously. For a decade or so, it was FUD, but quantum tech is growing quadratically, so the time has come to start engaging.
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