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Adam Back slams Bitcoiner VC for ‘uninformed noise’ about quantum risk

Cointelegraph
Blockstream CEO Adam Back criticized VC Nic Carter for spreading "uninformed noise" regarding quantum computing threats to Bitcoin.

Summary

Blockstream CEO Adam Back publicly criticized Nic Carter, founding partner of Castle Island Ventures, for what Back termed "uninformed noise" concerning quantum computing risks to Bitcoin. The dispute arose after Carter explained his firm's investment in Project Eleven, a startup developing quantum-resistant solutions for crypto assets. Back argued that the Bitcoin community is quietly working on quantum protections, whereas Carter countered that many developers remain in "total denial" about the threat. Carter, who stated he was "quantum pilled" by Project Eleven CEO Alex Pruden, emphasized his conviction by investing capital and pointed to government planning and increasing quantum investment as evidence of the looming risk. While some figures, like Charles Edwards, warn the threat could materialize within two to nine years, others, such as Kevin O’Leary, believe quantum computing would be better utilized elsewhere. Back himself believes Bitcoin is decades away from a genuine quantum threat due to the technology's early stage.

(Source:Cointelegraph)