James Check, founder and lead analyst at Bitcoin onchain analysis service Checkonchain, said Monday that the quantum threat is more of a consensus problem than a technology issue. In a Monday X post, Check claimed that “there is no chance we come to consensus to freeze” Bitcoin that is not moved to quantum-resistant addresses, with development politics limiting the community’s ability to react. This means that a large amount of lost Bitcoin will flood the market as old addresses are compromised when quantum computer attacks become feasible. BitBo data shows that…
Read MoreQuantum computers won’t break Bitcoin’s code, they’ll break its politics
