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Justin Drake of the Ethereum Foundation on whether quantum computing is a real threat to Bitcoin or just hype: why Satoshi's coins and roughly 2 million dormant Bitcoin could be vulnerable, what Shor's algorithm actually does to a wallet, and why Bitcoin mining itself is safe.
Justin also explains the hash-based cryptography fix, the debate over whether to freeze or burn lost coins, the race to 2032, and the simple step every holder can take now to protect their funds.
Recorded 2 June 2026, published 6 July 2026.
Follow Justin on X: https://x.com/drakefjustin
Chapters
0:00 Intro and Justin Drake background
6:26 Is the quantum threat real
11:52 The signature size problem
19:35 Why Bitcoin cannot just upgrade
26:05 Satoshi and the lost coins
37:05 How Ethereum compares to Bitcoin
41:41 The race to 2032
59:34 What holders should do now
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Nothing here is financial, legal or tax advice. The content is solely the opinions of the speakers, who are not licensed financial advisors. Trading cryptocurrencies carries a considerable risk of loss.
