As the quantum threat to Bitcoin (BTC) and altcoins continues, some analysts are warning that this threat needs to be addressed urgently.
For now, industry leaders like Coinbase are arguing that there is no need to rush into quantum-proofing, but Samson Moh warns that rushing to make Bitcoin quantum-proof could backfire.
Samson Mo, CEO of Bitcoin technology company Jan3, warned in an analysis posted on his X account that rushing to improve quantum resistance in response to Coinbase executives’ calls for faster action could inadvertently increase security risks.
Mow argued that hasty implementation could lead to compatibility issues and reduced network efficiency.
He said quantum-resistant signatures could be 10 to 125 times larger than current signatures, reducing Bitcoin’s block capacity and transaction speed.
Moe emphasized that quantum computers could not threaten the security of Bitcoin for 10 to 20 years, saying, “A hasty solution is the worst course of action.”
Moe stressed that preparations for quantum computing should not be rushed and a cautious approach is needed, as it could introduce security vulnerabilities to current systems.
While Mow disagrees with rushing Bitcoin’s transition to post-quantum cryptography, he stressed that potential solutions should continue to be considered.
“Given that quantum computers don’t actually exist and probably won’t for another 10 to 20 years, the worst thing to do is to rush to find a solution.”
But that doesn’t mean you shouldn’t do anything to this preparation; a lot of work has already been done. ”
*This is not investment advice.
