Read_875 - Against Allowing Quantum Recovery of Bitcoin
Bitcoin Audible26 Maalis 2025

Read_875 - Against Allowing Quantum Recovery of Bitcoin

"Not your keys, not your coins."
I posit that the corollary to this principle is:
'Your keys, only your coins.'

A quantum capable entity breaks the corollary of this foundational principle. We secure our bitcoin with the mathematical probabilities related to extremely large random numbers. Your funds are only secure because truly random large numbers should not be guessable or discoverable by anyone else in the world.

It seems almost inevitable, that at some point quantum computing could reach the capacity to break current cryptographic standards, so the question is, what do we do about it? Do we allow the first entities with a powerful quantum computer, the already wealthy and powerful, attack the keys to millions of BTC and dominate the economic destiny of Bitcoin? Or should this be treated like a vulnerability? A bug in the code. Where we set a date to deprecate the old signatures, and burn the coins that were lost to vulnerable keys? The answer might not be as simple as you first suspect, Jameson Lopp makes a solid case in today's article.

Check out the original article: Against Allowing Quantum Recovery of Bitcoin by Jameson Lopp (Link: https://tinyurl.com/ysaz7va6)

Host Links

Check out our awesome sponsors!

  • Fold: The best way to buy, use, and earn #Bitcoin on everything you do! Sats back on your debit card, gift cards, auto-buys, round-ups, you name it. Fold is the true bitcoiner's banking. Get 20K sats for FREE using referral code bitcoinaudible.com/fold

Ready for best-in-class self custody?

  • Get the Jade here and use discount code 'GUY' to get 10% off (Link: bitcoinaudible.com/jade)

Trying to BUY BITCOIN?

  • River, secure, trusted, bitcoin only, lightning enabled, simple. (Link: https://bitcoinaudible.com/river)

Bitcoin Games!

  • Get 10% off the best Bitcoin board game in the world, HODLUP! Or any of the other great games from the Free Market Kids! Use code GUY10 at checkout for 10% off your cart! (Link: https://www.freemarketkids.com/collections/games-1)

Bitcoin Custodial Multisig

  • Want to get into Bitcoin but not ready for self custody? Use custodial multisig for the best way to distribute trust across multiple institutions and even jurisdictions! Check out OnRamp. (Link: BitcoinAudible.com/onramp)

Education & HomeSchooling

  • Get the lesson in real economics that you never got in school, and teach your kids the truth, not the statist insanity that is Keynesianism. Liberty Classroom is the invaluable resource you are looking for! (Link: BitcoinAudible.com/Liberty)

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(1406)

Roundtable_025 - This Time, It's Actually Different

Roundtable_025 - This Time, It's Actually Different

We finally stopped being lazy and brought a guest onto the Roundtable. Max Hillebrand joins Steve, Jeff, and I to talk about the absolute madness happening in the freedom tech space right now. Max ...

6 Loka 2h 20min

The AI Crisis

The AI Crisis

In this Take, I break down why the biggest AI labs, while deeply unprofitable sitting on massive future compute obligations, are racing toward trillion-dollar valuations. I explore how open-source com...

28 Syys 10min

Chat_179 - Back to What Matters with Cory Klippsten

Chat_179 - Back to What Matters with Cory Klippsten

***"The dollar is going to continue to lose purchasing power. Bitcoin is going to continue to gain purchasing power. It's going to keep on happening over the rest of the century. We will at some point...

23 Syys 1h 26min

The Great Hackening of 2026

The Great Hackening of 2026

In this Take episode, I break down the “Great Hackening” ripping through Bitcoin right now – from Coldcard’s catastrophic entropy bug to Liquid’s recent 4,000 BTC exploit, Lightning implementation iss...

18 Syys 37min

How Does Bitcoin Self Custody Recover From This? (Coldcard Q&A P3)

How Does Bitcoin Self Custody Recover From This? (Coldcard Q&A P3)

In this third Coldcard Q&A, I tackle entropy, device trust, DIY signers, and why I’m leaning harder than ever on multi-sig. I walk through why understanding encryption must become a mandatory survival...

10 Syys 19min

Roundtable_024 - The Aftermath

Roundtable_024 - The Aftermath

The roundtable is back, but we're missing a familiar face. Mechanic has officially stepped down from Ocean, so it’s just Jeff, Steve and I digging into the aftermath of BIP110, from why the soft fork ...

8 Syys 2h 6min

Was it all a "Retirement Attack"? (Coldcard Q&A P2)

Was it all a "Retirement Attack"? (Coldcard Q&A P2)

In this episode I continue unpacking the Coldcard RNG disaster, wrestling with whether it was malicious or just shockingly incompetent design and attitude. I walk through how arrogance, licensing chan...

6 Syys 19min

Is Rolling Your Own Entropy The New Standard? (Coldcard Q&A P1)

Is Rolling Your Own Entropy The New Standard? (Coldcard Q&A P1)

In this Guy's Take, I walk through listener questions and comments on the Coldcard random number generation failure and what it really means for Bitcoin self-custody. We dig into why the RNG bug went ...

3 Syys 22min