[ExI] You'd better sell your bitcoins

[John Clark]

On Mon, Nov 17, 2025 at 10:11 AM Adrian Tymes via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

*>>There will come a time when quantum computers have made a lot of
>> progress very rapidly but they're still not big enough to run Shor’s
>> algorithm; however, an increasingly large number of people realize that
>> they soon will be, and then there's going to be a wave of panic selling.*
>
>
> * You grossly overestimate the technical literacy of the general public*
>

*Perhaps so for the general public, but I'm talking about the very smart
people who work at banks and hedge funds that own lots of bitcoins, they're
going to be, not only selling their bitcoins as fast as they can, they're
also going to be shorting it. And it will be impossible to keep the fact
that smart money is fleeing bitcoin a secret. *
>
>
* > "This might someday happen" is leagues apart from "the computer
> is there now, and here's a demo of how it can break Bitcoin's security,*
>

*But when one of the world's leading experts on quantum computers, somebody
who had previously been a very vocal critic of the excess hype surrounding
his speciality, now says that "we’ll have a fault-tolerant quantum computer
running Shor’s algorithm before the next US presidential election" then
it's time to sit up and pay attention if you want to keep your money. He
might be wrong but he knows one hell of a lot more about quantum computers
than you or me. *

*John K Clark*


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