4.8 • 1.1K Ratings
🗓️ 13 January 2025
⏱️ 125 minutes
🧾️ Download transcript
Quantum computing is advancing rapidly, raising significant questions for cryptography and blockchain. In this episode, Scott Aaronson, quantum computing expert, and Justin Drake, cryptography researcher at the Ethereum Foundation, join us to explore the impact of quantum advancements on Bitcoin, Ethereum, and the future of crypto security. Are your coins safe? How soon do we need post-quantum cryptography? Tune in as we navigate this complex, fascinating frontier.
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TIMESTAMPS
0:00 Intro
6:50 Google Willow Chip
11:58 How is Quantum Computing Accelerating?
19:27 Quantum vs Classical Computers
40:18 Why are Quantum Computers so weird?
46:18 Quantum Computing & Cryptography
52:53 What will Break Cryptography
54:45 Time Horizons
1:03:14 Accounts Getting Hacked
1:13:23 The Bitcoin Case
1:24:10 Quantum Money
1:29:44 The Ethereum Case
1:35:00 Closing Thoughts
1:36:24 Debrief with Justin Drake
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RESOURCES
Scott Aaronson
https://www.scottaaronson.com/
Justin Drake
https://x.com/drakefjustin
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0:00.0 | If, let's say there's only a few entities in the world that have scalable quantum computers, right, |
0:06.0 | that allows those entities to mine a lot more Bitcoin than everyone else. |
0:10.0 | Now, eventually, if you got to a world where, you know, just about everyone had access to a quantum computer, |
0:17.0 | then it's kind of amusing what would happen. |
0:30.9 | Welcome to Bankless, where we explore the frontier of internet money and internet finance. |
0:35.0 | And today we're exploring the frontier of quantum computing and its effect on our internet money. |
0:35.9 | What's it going to do? |
0:37.9 | Our quantum computer is going to take all of our Bitcoin. This is Ryan Sean Adams. I'm here with David Hoffman, and we're here to help you become |
0:42.0 | more bankless. Guys, special episode. It's divided into multiple parts, I would say. The first part, |
0:47.5 | we have Scott Aronson on the podcast. He is a theoretical computer scientist. He is a foremost expert |
0:53.0 | in quantum computing. We also have Justin Drake on the |
0:56.2 | podcast for part of the first part, and he asks Scott Erinson some questions as well, particularly |
1:01.8 | about the effect of quantum computing and our cryptocurrencies like Bitcoin and Ethereum. |
1:07.0 | Now, because the subject matter goes very deep in quantum fundamentals, you might feel bankless |
1:12.8 | listener like you're hanging by the seat of your pants, just trying to keep up with these big brains and some of the ideas propelled forward. |
1:18.5 | So never fear. |
1:19.6 | We have a final part of the podcast, a third part of the podcast where it's just David, myself, and Justin Drake. |
1:26.0 | And what we do is we try to synthesize everything we've learned. |
1:29.0 | And that for me was one of my favorite parts of the episode |
1:31.8 | because it was taking everything big brain |
1:34.1 | that Scott Aronson said and applying it directly |
1:36.7 | to Ethereum and Bitcoin, what could happen in the Cryptosphere. |
... |
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