Willy Woo floats ‘dummies guide’ to evading the quantum Bitcoin threat
Some critics argue the threat posed by quantum computers is overblown, including Strategy chairman Michael Saylor, who has once called it a marketing ploy to pump quantum-branded tokens.
Bitcoin OG Willy Woo has suggested a way to keep your Bitcoin safe until there’s a solution to the quantum Bitcoin threat — hodling your Bitcoin in a SegWit wallet for around seven years.
Quantum computing has been a long-feared (and debated) inflection point for the crypto industry. Computers capable of breaking encryption have been theorized to have the capacity to reveal user keys, expose sensitive data and user funds.
In an X post on Tuesday, Woo floated one “intermediary measure,” involving the transfer of one’s Bitcoin to a SegWit-compatible address, and holding the Bitcoin there until a quantum-safe protocol is developed.