Summary
In this episode of Early Days, Car sits down with Alex of Project 11 for a thoughtful discussion on the current state of quantum computing and its potential implications for cryptography and Bitcoin. They explore the risks and opportunities this emerging technology presents—particularly in the context of ECDSA (Elliptic Curve Digital Signature Algorithm) and RSA (Rivest Shamir Adleman encryption).
Alex explains how Project 11 is approaching these developments and offers a grounded perspective on what quantum advancements could mean for the future of digital assets. Whether you're cautiously curious or deeply embedded in the ecosystem, this episode provides a measured look at a complex and increasingly relevant topic.
We Explore
- How quantum computing could reshape cryptography and digital assets, with far-reaching implications for the future of finance.
- The potential risks quantum advancements pose to Bitcoin and how the ecosystem is preparing to meet these challenges.
- How Project Eleven is proposing solutions to safeguard digital currencies against potential technological threats.
- Alex’s personal journey from a military background to leading a pioneering effort in the quantum computing space.
- Strategies and technologies aimed at future-proofing digital assets in an evolving tech landscape.
Chapters
- 03:05 — Understanding Qubits and Cryptography Threats
- 05:44 — The Implications of Quantum Computing on Bitcoin
- 08:54 — Government Responses to Quantum Threats
- 12:03 — The Risks of Nation-State Actors
- 13:48 — The Future of Bitcoin and Quantum Computing
- 16:44 — Current Developments in Quantum Computing
- 19:41 — The Race for Quantum Supremacy
- 22:48 — Project 11 and the Yellow Pages Initiative
- 28:12 — Understanding Post-Quantum Cryptography
- 31:29 — The Open Source Approach of Project 11
- 35:05 — Funding and Future Directions of Project 11
- 36:21 — Optimism in Quantum Computing
- 44:34 — Introducing the Q Day Prize