MoneyWeb Podcast

Friends and associates,

AI is moving fast, which has led some to speculate that the time horizon until quantum computing is rapidly declining. Many people ask: “If quantum computers arrive, does Bitcoin survive?” I joined Ciaran Ryan on the Moneyweb Crypto Podcast to unpack this exact question.

In theory:

• Quantum computers could break Bitcoin’s cryptography (ECDSA)

• Private keys could be derived from public keys

• Bitcoin funds could be stolen

But in practice:

• We’re not there (yet) - fault-tolerant quantum machines are likely 10–15 years away

• It’s not just Bitcoin - banks, governments & institutions all rely on the same cryptography

• Bitcoin can adapt - but upgrades would likely require a hard fork and broad community consensus, which makes preparation essential

The good news? The Bitcoin dev community is already discussing quantum-safe upgrades (BIP-360, QRAMP, etc.).

I don’t lose sleep over quantum computing. This is an opportunity to learn more about the technology and its upgrade process. There are already steps you can take to improve your security against the quantum threat, such as never reusing receive addresses. Its good to understand these threats and remain confident in bitcoin’s long-term security as it advances along its winding path to global reserve asset status. If you’d like to read more, I wrote a longer article on the quantum threat a few months ago. 

Keep the questions coming! Wishing you a wonderful rest of August!

Rob Price, CFA

[email protected]

www.soundmoney.capital

_{The information contained or attached herein is not intended to provide, and should not be relied upon for, accounting, legal or tax advice or investment recommendations. This presentation may contain forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. This email is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any security, product, service of Sound Money LLC as well as Sound Money Capital LP and Sound Money Capital (BVI), whether an existing or contemplated fund, for which an offer can be made only by such fund’s Confidential Private Placement Memorandum and in compliance with applicable law. Past performance is not indicative nor a guarantee of future returns. Please consult your own independent advisors. All information is intended only for the named recipient(s) above and is covered by the Electronic Communications Privacy Act 18 U.S.C. Section 2510-2521. This email is confidential and may contain information that is privileged or exempt from disclosure under applicable law. If you have received this message in error please immediately notify the sender by return email and delete this email message from your computer. Copyright 2024 Sound Money LLC. All Rights Reserved.}

_{NOT INVESTMENT ADVICE; FOR INFORMATION ONLY}

_{PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS}