Quantum computing research firm Project Eleven is offering 1 BTC to anyone who can break Bitcoin's cryptography.

Quantum computing research firm Project Eleven is offering 1 bitcoin (worth around $84,081) for its first "Q-Day Prize," a global prize that will go to the first team to crack an elliptic curve cryptographic (ECC) key using Shor's algorithm on a quantum computer within a year.

"The goal of the prize is simple but urgent: quantify the true threat that quantum computing poses to Bitcoin core cryptography," the firm wrote in a statement on Wednesday. Quantum computers pose potential threats to Bitcoin primarily through their ability to break cryptographic algorithms that secure the network.

As Project Eleven notes, Bitcoin uses ECDSA for transaction signatures. Quantum computers, using Shor's algorithm, could theoretically derive private keys from public keys, compromising wallet security. The firm estimates that more than 6.2 million BTC, worth nearly $500 billion, are at risk.

"We have no clear idea how close we are to a quantum ‘doomsday’ scenario for existing cryptography," Alex Pruden, CEO and co-founder of Project Eleven, said in a statement. "The Q-Day Prize is designed to take a theoretical threat from a quantum computer, and turn that into a concrete model."
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Albeit, no "fast" one pulled on me.
I saw the numbers both ways. I am fully aware my monthly is lower than if I'd have taken March 1st.
They totally left it up to me. I have researched the numbers.
There is argument to be made to start collecting as as soon as one is eligible at 62.
Like you said, who knows how long you got. I might get hit by a bus tomorrow.
I waited to 67 FRA. I'm good with that.
I decided to go for lump sum with a slightly smaller monthly number.
My company laying me off in a couple of months time was also a factor.
Hell, the way things are looking now, there ain't gonna be anything left in the pot in 10 years.
Or some idiot not to be mentioned is just gonna fuck everything up.
I'm totally good with my decision.

Quantum computing research firm Project Eleven is offering 1 BTC to anyone who can break Bitcoin's cryptography.

Quantum computing research firm Project Eleven is offering 1 bitcoin (worth around $84,081) for its first "Q-Day Prize," a global prize that will go to the first team to crack an elliptic curve cryptographic (ECC) key using Shor's algorithm on a quantum computer within a year.

"The goal of the prize is simple but urgent: quantify the true threat that quantum computing poses to Bitcoin core cryptography," the firm wrote in a statement on Wednesday. Quantum computers pose potential threats to Bitcoin primarily through their ability to break cryptographic algorithms that secure the network.

As Project Eleven notes, Bitcoin uses ECDSA for transaction signatures. Quantum computers, using Shor's algorithm, could theoretically derive private keys from public keys, compromising wallet security. The firm estimates that more than 6.2 million BTC, worth nearly $500 billion, are at risk.

"We have no clear idea how close we are to a quantum ‘doomsday’ scenario for existing cryptography," Alex Pruden, CEO and co-founder of Project Eleven, said in a statement. "The Q-Day Prize is designed to take a theoretical threat from a quantum computer, and turn that into a concrete model."
Full news source

ROTFLMFAO!