Michael Saylor, founder of Strategy, recently downplayed the quantum computing threat to Bitcoin. In an interview with CNBC, Saylor argued that the risk from this technology is mainly exaggerated to market quantum trend Tokens. When the real threat emerges, the Bitcoin protocol can completely adapt through timely software upgrades.
Saylor noted: "Google and Microsoft cannot sell computers capable of decrypting modern algorithms, as that would destroy themselves, the banking system, and the United States." This statement clarifies the defensive nature of large technology corporations against the risk of breaking Cryptology.
Currently, many proposals are being studied to make Bitcoin's Proof of Work (PoW) mechanism more resistant to quantum attacks, including quantum-resistant encryption hardware from BTQ and other startups. A Bitcoin programmer has even proposed a BIP to convert wallet addresses to quantum-safe addresses through a Hard Fork.
According to Saylor, the Bitcoin protocol is upgraded annually to address emerging security risks. He emphasized that the greater danger comes from phishing attacks, rather than quantum computing. However, not all experts agree with Saylor. A recent report from Presto Research warns that the cryptocurrency sector is still "not ready" to face quantum threats in the near future.
In summary, the cryptocurrency community is facing diverse opinions about quantum risks. Although Bitcoin's adaptability is a significant strength, considering protective measures in the context of technological progress has never been unnecessary.
