Paolo Ardoino, Tether's CTO, shared his views on the impact of quantum computing on Bitcoin's cryptography and its future development.
Bitcoin's Security and Lost Coins
Ardoino stated that quantum computing is not yet a real threat to Bitcoin. He pointed out that the network will introduce quantum-resistant addresses before quantum computers can break its encryption. This would allow users to move their funds to safer addresses. Furthermore, Ardoino mentioned a scenario where funds from lost wallets could be recovered if quantum computers become powerful enough.
Bitcoin's Fixed Supply and Future Preparation
Ardoino reaffirmed Bitcoin's core principle of a fixed supply of 21 million coins, which even quantum computing cannot alter. However, discussions continue in the community about the need to prepare for potential threats. Some believe it is essential to consider security issues now.
Discussions in the Crypto Community
Ardoino's statements sparked active discussions in the crypto community. Some users suggested alternative ways to utilize lost coins, while others believe that the main threat of quantum computers lies beyond the crypto sphere—in banking and military security systems.
Paolo Ardoino's comments highlighted that while Bitcoin remains secure, discussions on quantum computing need further exploration. The community is divided; some see it as a distant issue, while others urge for proactive measures now.
