How Close Are Quantum Computers to Breaking Bitcoin? (With Matt Wraith)
Diving into the question everyone suddenly cares about: how close are quantum computers to breaking Bitcoin? Friend of the pod Matt Wraith joins us to cut through the hype, the fear, and the sci-fi headlines and explain what’s actually happening in quantum research right now, and what it means for Bitcoin security, signatures, and the long-term future of cryptography. We explore: - The theory of quantum mechanics - How quantum computers actually work - Shor's algorithm & Grover's algorithm - Quantum threat to Bitcoin - Recent advances in quantum computing - Post-quantum cryptography and quantum risk mitigation strategies for Bitcoin - Stoner bro quantum physics 📞 CALL IN with your secret Maxi takes or love/markets questions: (717) 69-GMHMP Selected calls may be used in a future episode (with a voice changer to preserve toxic maxi anonymity). Get bonus content by subscribing to @hellmoneypod on X: https://x.com/hellmoneypod/creator-subscriptions/subscribe Or support the podcast by sending a BTC donation: bc1qztncp7lmcxdgude4px2vzh72p2yu2aud0eyzys ORDINALS SATSCARDS: https://shop.inscribing.com/products/ordinals-satscard TIMESTAMPS 0:00 Intro, Bitcoin is in crisis, elliptic curve cryptography 5:00 Shor's algorithm and quantum computers 8:00 The limits and use cases for quantum computers 10:45 Recent advances in quantum computers, Scott Aaronson blog post 16:20 What is a quantum computer? 24:00 Fault tolerance theorem, theoretical quantum physics 28:30 Problems with quantum computers, analog computers 35:00 Quantum computing research 41:00 Red flags in quantum computing research 46:45 Conspiracy theories, the qubits don't want to be trapped, the universe believes in cryptography 49:00 Quantum risk mitigation strategies for Bitcoin 1:08:00 Stoner bro quantum physics, fall of Atlantis, perception creates reality, many worlds hypothesis, Markov property 1:27:30 Gravity, dark energy, general relativity, things that are very big and very small 1:34:00 How much better is quantum than classical computing? 1:39:00 What's going on with the UFOs?