Michael Saylor, CEO and founder of Strategy, announced on February 5 that the company will advance its Bitcoin security program to contribute to a coordinated response to the potential risks of quantum computing and other future threats to the network.
According to Saylor, the initiative aims to: Coordinating efforts with the international community Strengthen computer and cryptographic security, as well as the security of the Bitcoin ecosystem itself, with the aim of contributing to consensus-based solutions to quantum computing and other threats that may arise in the future.
The goal is to contribute to a consensus of solutions to address quantum computing threats and other security threats.
Michael Thaler, CEO and Founder of Strategy.
As he explained in a corporate statement from the company’s strategy, it is: direct responsibility arising from his position As the largest institutional holder of Bitcoin (BTC).
Thaler described quantum computing as a technology “Promising, but still in the early stages”. From their point of view, this discussion must be taken seriously technically, but without assuming there is any danger Immediacy that justifies hasty changes to protocols.
He also summarized his ideas in a list titled “Bitcoin FUD is inevitable.” it is A series of warnings from the past in anticipation of network failure. It has included questions about its functionality, accusations of a Ponzi scheme, criticism of its volatility, concerns about the concentration of computing power in China, internal disputes over the size of its blocks, and, most recently, accusations about its energy consumption.
Within this framework, the strategy’s founders argued that these fears must be rigorously analyzed, but not reduced to impulsive reactions. To summarize his position, he appealed to two principles: “Don’t panic” and “Do no harm.” mention of the need for Avoid hasty technical decisions This could undermine systems that prioritize security over speed of change.
Quantum computing and current cryptography
Thaler emphasized that Bitcoin is not the only system that relies on traditional cryptography.
He pointed out that critical sectors such as financial services and defense use the same cryptographic principles that secure networks today. Quantum advances that could violate these schemes will therefore have global implications. It is much broader than the Bitcoin ecosystem.
At the same time, he emphasized that in the context of so-called post-quantum cryptography, “significant investments are being made around the world to develop protocols that are resilient to quantum computing.”
In that sense, as CriptoNoticias explained, the National Institute of Standards and Technology (NIST) Some standards developed in 2024 resistant algorithm Possibility of attacks by quantum computers.
The manager also said that the Bitcoin community actively participate in the process. As indicated, there is a robust research and development effort underway, with technical work evaluating scenarios, risks, and possible long-term upgrade paths.
Among these possible solutions, everything has been proposed, from using digital signatures for transactions based on hash functions to transferring or writing funds from older wallets, which are most vulnerable to quantum.
In Bitcoin, consensus comes before urgency.
One of the central axes of Thaler’s message is The importance of global consensus in Bitcoin.
He said that if the network needs to be updated to face quantum risks, that decision will be made based on broad consensus among stakeholders in the ecosystem.
There is currently no global consensus that current cryptographic libraries are at risk.
Michael Thaler, CEO and Founder of Strategy.
From that logic, he warned about the dangers of making predictions without sufficient evidence.
As he explained, moving towards hypothetical solutions in advance May introduce new attack surfacesgreater technical complexity and failure modes that currently do not exist.
To explain, he used a medical analogy. Acting too early is like “over-vaccination”applying treatments without yet having a diagnosis or appropriate techniques.
In his view, the challenge is to find the right balance. Don’t react prematurely or ignore problems until it’s too late. He warned that if we don’t act ahead of time, the following could happen: Incorrect technology selected When the risk materializes.
Saylor’s position aligns with that of network developer groups, which call for a calm approach to risk. This position contrasts with that of some investors, such as Nick Carter of Castle Island Ventures, who ensure that Bitcoin developers: They don’t have a clear roadmap. About quantum.
(Tag Translation) Bitcoin (BTC)
