Is Bitcoin going to break? Don’t roll your eyes: quantum computing may be a more realistic threat to Bitcoin than you think, and it may only be a few years away. Thankfully, Bitcoin dev Hunter Beast is preparing us in advance with the thoughtful BIP 360 – an effort to bring post quantum cryptography to Bitcoin.In this episode, we discussed:- How quantum computing threatens your Bitcoin wallet- The vulnerability of Satoshi’s one million BTC

- How to stay protected against quantum (for now!)- How banks and governments are preparing for quantum- BIP 360: Pay to Quantum Resistant Hash 

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TIMESTAMPS:___

00:00 Intro02:05  What is quantum computing?

04:30 How could quantum threaten your Bitcoin wallet?

06:50 Addresses that are safe from quantum

09:13 Satoshi’s coins are in danger!

11:25 What happens if Satoshi’s coins are touched?

14:45 Do we softfork to shield Satoshi’s coins?

16:38 “Transitory inflation” for bitcoin after quantum

21:05 Why Taproot addresses are vulnerable

23:50 Do NOT reuse your Bitcoin addresses!

26:03 When will Quantum become a threat?

28:34 The long/short exposure attack; explained

31:45 Protection using private mempools

33:20 Why all the new Bitcoin L2s are in danger

37:45 Quantum is 5 to 10 years away, governments fear

40:34 Non-Bitcoin systems threatened by quantum

42:26 Centralized systems can adapt to quantum

43:50 Hunter’s BIP: Post quantum cryptography in Bitcoin

47:40 Hunter’s three new signature algorithms 

53:48 Is new cryptography on Bitcoin risky?

56:33 Why not just stick to hash-based cryptography?

58:49 A 16X discount for quantum resistant addresses?

01:02:30 Creating quantum resistant multisig addresses

01:04:00 What is Frost?

01:06:50 The long process of approving a BIP

01:08:30 What developers think of Hunter’s BIP

01:10:00 Matt Corallo’s concerns with Hunter’s approach

01:11:00 Steps to implementing the BIP 360

01:17:00 Where to learn more about BIP 360

01:17:50 Who can push the button to change Bitcoin?

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