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The Blockspace Pod: Quantum's $100 Billion Threat To Bitcoin

CoinDesk Podcast Network

CoinDesk

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4.7698 Ratings

🗓️ 20 December 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Charlie and Colin dive into the quantum computing debate. Is it a threat to Bitcoin or just VC hype? We explore vulnerable addresses, Nick Carter's thesis, the 2028 timeline, and the controversial plan to "burn" Satoshi's coins to save the network from a $100B hack. Charlie and Colin join us to talk about the existential risk of quantum computing. We break down Nick Carter's latest research, the timeline for a potential quantum break, and the 2 million Bitcoin currently at risk. We debate the ethics of "burning" Satoshi's coins to save the network, the technical challenges of forking to quantum-resistant signatures, and why the next big Bitcoin civil war might be fought over physics. Subscribe to the newsletter! [https://newsletter.blockspacemedia.com](https://newsletter.blockspacemedia.com) Notes: * 1-2 million BTC are quantum vulnerable * Satoshi holds ~$100 billion in Bitcoin * Legacy crypto banned by US Gov by 2035 * Elliptic curve break projected 2028-2033 * $500 billion sitting in vulnerable wallets Timestamps: 00:00 Start 01:16 Overview 06:26 Do we do anything? 08:48 Companies pumping quantum bags 19:18 Bitcoin as bug bounty 23:37 How to quantum proof Bitcoin? 26:14 BIP 360 35:48 Philosophy & chain splits - 👋The Blockspace Pod is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media

Transcript

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0:00.0

If there is a quantum computer, what is the time and what is the urgency and then do, does Bitcoin as an ecosystem, as a network, pursue some resilience or solution or response to this at the consensus level?

0:13.2

So you have anywhere from like a million to two million Bitcoin sitting in quantum vulnerable addresses that might just be totally lost because nobody is managing

0:22.6

those keys anymore. What do we do with those Bitcoin? Do we let a quantum computing Titan

0:27.5

steal them? Or do we fork Bitcoin in such a way where those coins are unspendable? Where you

0:33.4

fall on that argument, I think, says a lot about what do you think is the bigger existential

0:38.4

risk to Bitcoin? A million plus coins coming to market at once, or Bitcoin developers in the

0:44.1

community agreeing to break a fundamental core component of Bitcoin, which is it is money that can't

0:50.9

be censored. And just like that, everybody in the world is talking about quantum computers and how quantum

0:59.3

computers might break Bitcoin.

1:02.1

Is this just VCs pumping their own bags or the scientists and engineers actually onto something?

1:08.2

There's a huge debate.

1:09.5

We're going to break it down for you.

1:14.6

Music actually onto something. There's a huge debate. We're going to break it down for you. So, Colin, we may have jumped into deep here. We may have waited in well past our ability to cover the topic of quantum computers.

1:26.5

We're wading into the multiverse of ideas and theories, so to speak.

1:31.7

We're getting quantum with it.

1:33.5

And I dare I say we're going to get entangled in a bunch of things that we don't

1:36.4

understand.

1:37.5

But that's not really the point because we're curating a show here.

1:44.0

And as you so brilliantly outlined, we're reallyating a show here.

1:46.6

And as you so brilliantly outlined,

1:48.9

we're really going to start with some questions.

1:54.5

And these are questions that the most vocal members of the Bitcoin community can't seem to agree to an answer on.

...

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