The quantum risks facing Bitcoin have sparked renewed debate recently. Opposing viewpoints clash, with one side arguing that quantum technology poses a critical threat to BTC, necessitating immediate action; the other side believes this risk is overstated.
In the discussion about the risks of quantum technology, Litecoin (LTC) founder Charlie Lee shared his perspective. He stated that the Bitcoin held by the anonymous founder Satoshi Nakamoto would become a primary target for quantum attacks.
In a recent interview, Charlie Lee pointed out that although Satoshi's identity remains unknown, the over 1 million BTC he holds are highly susceptible to quantum attacks due to a lack of proper protection. He added that if quantum computing becomes a reality, Satoshi's Bitcoin is likely to be among the first to be compromised.
Lee estimates that Satoshi possesses approximately 1.1 million BTC, stored in P2PK addresses, making them more vulnerable to quantum attacks. However, he emphasized that current quantum computing technology is still far from being able to break Bitcoin's encryption.
The latest moves by quantum computing company PsiQuantum have raised concerns about quantum computing to a new level. The company announced it has begun constructing a quantum facility with 1 million qubits, with scientists stating that the facility's powerful computing capabilities could be sufficient to crack Bitcoin's encryption.