To be honest, I fully understand your points.
Quantum computing strong enough to break those initial wallets is at the moment just an academic theme, hence the opportunity to discuss it within the community, for a time when/if starts to be a real issue.
Let's pretend that Quantum Computing is at a stage where it can break codes in real life that are being used. Those signs will start to appear from all the stuff that uses weaker cryptography.
If the Bitcoin community by then sees a true threat, within 10 or 20y, that the early wallets are next in line to be vulnerable to have its UTXOs spend by a Quantum Computer, I believe that the Bitcoin we signed for is being fundamentally changed.
After all, the statement where only the owners of the private keys are in control is no longer true and that an hard fork to be implemented, let's say, 10 y in advance to move the UTXOs might take Bitcoin closer to what the community would like to go, even by culling the coins that are not moved within that decade.
Most likely the owners lost already the keys or did not made sure to their heirs the access to these coins, that will flow in time to the actors that have access to those Quantum Computers in 20 or 50 years time.
Nevertheless, the discussion without panic is welcomed and a rushed bad hard fork is more easily avoided imho.
ruipanther / RuiPanther
npub1dm…3gzwm
2025-04-09 02:49:41
in reply to nevent1q…gfwr
Author Public Key
npub1dmsz5y077dfytl4qzfwp5qxrjzd09e592qydtv32f9ju0fer3u6sl3gzwmPublished at
2025-04-09 02:49:41Event JSON
{
"id": "dea005b37cc40ff02143d6d5e9a79e6d59ac3a2d6809536eb6f82b5e689d1a0f",
"pubkey": "6ee02a11fef35245fea0125c1a00c3909af2e6855008d5b22a4965c7a7238f35",
"created_at": 1744166981,
"kind": 1,
"tags": [
[
"e",
"81d0a4117cb88c48f387cafe21ead0f4a2960183db5b421926d9764eb88c7f82",
"ws://192.168.18.7:7777",
"root"
],
[
"p",
"6ee02a11fef35245fea0125c1a00c3909af2e6855008d5b22a4965c7a7238f35",
"",
"mention"
],
[
"p",
"b8851a06dfd79d48fc325234a15e9a46a32a0982a823b54cdf82514b9b120ba1"
],
[
"r",
"wss://purplepag.es/"
],
[
"r",
"wss://relay.nostr.band/"
],
[
"r",
"wss://relay.primal.net/"
],
[
"r",
"wss://relay.sepiropht.me/"
],
[
"r",
"wss://kr.purplerelay.com/"
]
],
"content": "To be honest, I fully understand your points.\n\nQuantum computing strong enough to break those initial wallets is at the moment just an academic theme, hence the opportunity to discuss it within the community, for a time when/if starts to be a real issue.\n\nLet's pretend that Quantum Computing is at a stage where it can break codes in real life that are being used. Those signs will start to appear from all the stuff that uses weaker cryptography.\n\nIf the Bitcoin community by then sees a true threat, within 10 or 20y, that the early wallets are next in line to be vulnerable to have its UTXOs spend by a Quantum Computer, I believe that the Bitcoin we signed for is being fundamentally changed.\n\nAfter all, the statement where only the owners of the private keys are in control is no longer true and that an hard fork to be implemented, let's say, 10 y in advance to move the UTXOs might take Bitcoin closer to what the community would like to go, even by culling the coins that are not moved within that decade.\n\nMost likely the owners lost already the keys or did not made sure to their heirs the access to these coins, that will flow in time to the actors that have access to those Quantum Computers in 20 or 50 years time.\n\nNevertheless, the discussion without panic is welcomed and a rushed bad hard fork is more easily avoided imho.",
"sig": "902b859560957bf2bdb62b3355e38d608097e8f381c43279d1b3b2fe112b2a1458aba441473849398678fc20551e2acaf92159e3f879c60e5355cb4ee8b28040"
}