nehan1d ago

Bitcoin and quantum computing

https://nehanarula.org/2026/04/03/bitcoin-and-quantum-computing.html

Neha's Writings

Neha Narula

Show threadmmastrac1d ago
The mostly likely quantum attack on Bitcoin will be a catastrophic transfer of large wallets to burn addresses along with a massive short position. No need to worry about washing stolen coins when you can just enjoy your "well timed" legal short position's windfall.
Show threadnehan

two things:

1) Short markets in Bitcoin don't have unlimited depth, and the centralized ones are KYC'd so there's some risk there
2) What if it doesn't tank the price? One thing people have suggested is just burning all the vulnerable coins[1]; it reduces supply so maybe the price will... go up? The point is there's uncertainty.

[1] https://x.com/lostbutlucky/status/2040878873731080681

lostbutlucky (@lostbutlucky) on X

@neha It may sound ridiculous for one potential solution for the old school Satoshi P2PK wallets after a PQ sig scheme migration is to break them with a CRQC and migrate the funds to a burn address

X (formerly Twitter)
Apr 7 at 10:28pmWeb