Billionaire Chamath Palihapitiya: Quantum Computing will pose a risk to v1 encryption methods, but no worries in the near future.

PANews December 15th news, billionaire Chamath Palihapitiya tweeted: ‘Quantum Computing will pose a risk to v1 encryption methods. The time frame is very unclear and not in the near future. But if I have a large amount of BTC, my risk posture would be to assume it may happen and plan accordingly. Now, any potential risks to Bitcoin can be addressed through forks, which implement anti-quantum encryption for new transactions. That means, this cannot retroactively protect already exposed Public Keys. Funds in old p2pk Addresses (dead accounts?) with exposed Public Keys will still be vulnerable to Quantum Computing attacks against ECDSA and become targets.’ Earlier news, Google announced the progress of Quantum Computing: completing calculations equivalent to 10^25 years of supercomputing in less than five minutes. The founder of Ava Labs suggests freezing Satoshi Nakamoto’s one million bitcoins in the face of the risks posed by Quantum Computing.