REFORM PROTOCOLS

“First of all, if quantum computers do come to a point to where they can hack networks, everything's done. It's all over, you know? It's not just crypto. That's the last of our concerns.”

“Things don't develop in isolation. There's always defenses developing alongside of it. People aren't going to, I mean, the big players, the banks, the billionaires that have crypto, they're not going to sit on the sidelines and just wait to be hacked. They're working on solutions right now.”

“In that latter scenario, which I think people kind of are what they're terribly afraid of, I actually think that that's about a 40 percent haircut to Bitcoin, which we've already had. And the fact that people haven't bought, aren't buying and are concerned about it is a big deal.”

“I mean, for crying out loud, you still have the majority of banks that are providing consumers two-factor authentication over SMS text message. Are you really going to deploy that much compute power against the Bitcoin blockchain when you have so many softer targets you could exploit?”

“I think it's something that should at least be considered in the response from the Bitcoin community, is that it's so far off that we shouldn't even consider it. Or that they take it as religious criticism against the cult and religion, that there could ever be anything wrong with Bitcoin, and don't even address it because it's too emotionally difficult.”