Bitcoin & Quantum: 7 Years?! 🤯

So, this Willy Woo guy – Bitcoin “OG,” apparently. Like, that means he bought some early. Big deal. 🙄 Anyway, he’s saying the answer to the whole quantum computer thing…is to just…hold your Bitcoin in a SegWit wallet for seven years?! Seven years! I can’t even commit to a dinner reservation seven days from now.

Apparently, these quantum computers – which, let’s be honest, sound like something out of a bad sci-fi movie – could potentially break the encryption and steal everyone’s Bitcoin. Which, you know, would be a problem. A big problem. But seven years?! Is that the best we’ve got? I mean, seriously?

He posted this on X, naturally. Where else would you discuss extremely complex financial security issues? It involves this “SegWit” thing. Which, according to the article, happened back in 2017. So, it’s not new. It’s just…sitting there. Waiting. Like me at a party, hoping someone will talk to me.

SegWit: A Temporary Band-Aid?

Woo’s logic, and I’m using that term very loosely, is that these new Taproot addresses…they just show everything right away. Public keys everywhere! It’s like leaving your wallet on the sidewalk. 🤦 SegWit, apparently, hides the public key until you actually use the Bitcoin. Which, okay, that makes…some sense? But then you can’t use the Bitcoin! So, you’re just…holding it? For seven years?! This is brilliant. Pure genius. 😒

He said something about protecting your public key now. Like, we didn’t have enough to worry about. First it’s private keys, now it’s public keys. What’s next? My mother-in-law’s key to the guest room? This is insane.

“Prior formats hide the public key behind a hash, so a BSQC can’t easily crack it.”

BSQC? “Big Scary Quantum Computers?” Who writes this stuff? It sounds like a children’s book. A deeply unsettling children’s book.

And get this: he admits you can’t spend the Bitcoin while it’s in this SegWit purgatory. So you’re just sitting on it. Waiting for the quantum apocalypse. Fantastic. Just…fantastic. 🙄

But somehow, if the big companies and exchanges do something – he doesn’t specify what – then everything’s fine. Okay. Sure. Because corporations always have our best interests at heart, right? 🤨

He also says everyone else thinks it won’t be a problem until 2030. Which, fine. That gives us seven years to figure out…something. Or not. I’m leaning towards “not.”

Someone Doesn’t Agree 🤔

This Charles Edwards guy? He says SegWit is a joke. A complete and utter failure as a security measure. He wants them to upgrade the network. Now. Not in seven years when my cat will probably be running for president. He’s probably right, but who am I to judge? I’m just a guy trying to understand why everyone is so obsessed with digital money.

“Bitcoin can adapt, but we need to see a lot more traction on that now and really consensus next year. Bitcoin is the most vulnerable network in the world.”

The most vulnerable? That’s…reassuring. 🙄

Relax, It’s Not That Bad (Maybe?)

Apparently, some people think this whole quantum computer threat is overblown. They say it’s decades away. And that the banks will get hacked first. Which, okay, that’s a good point. But still. Seven years. The inconvenience of it all!

And Michael Saylor? He thinks it’s all a scheme to sell more quantum tokens. A marketing ploy! Of course it is. Everything is a marketing ploy. Everything.

Someone even said quantum computers are still “barely a viable technology.” So, we’re all getting worked up over something that might not even work? This is my life. This is what I do with my time. 🤦

2025-11-11 09:34

SegWit: A Temporary Band-Aid?

Someone Doesn’t Agree 🤔

Relax, It’s Not That Bad (Maybe?)

Read More