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Feb 12, 2026
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LONG
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The "easy mitigation" for quantum risk is to never reveal your public key (keep funds in addresses that haven't spent). Exchanges like Coinbase manage cold storage this way. Sophisticated custodians (Coinbase) will manage this hygiene automatically, while self-custody users and smaller exchanges may fumble. This strengthens the moat for regulated, technically competent custodians. LONG COIN as the "safe hands" custodian. Operational failure in key management; regulatory pressure. |
Unchained (Chopping Block)
Is Nic Carter Right? How Serious Is Bitcoin's...
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Feb 12, 2026
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LONG
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Google is working on "superconducting" quantum computing (the "fast flavor" that cracks keys in minutes). IBM and Microsoft are also major players in the race. The existential threat to crypto validates the immense power of the technology these companies are building. They are the "arms dealers" in this new computing era. LONG the builders of the quantum infrastructure. Engineering hurdles delay commercial viability; government regulation/nationalization of the tech (e.g., China). |
Unchained (Chopping Block)
Is Nic Carter Right? How Serious Is Bitcoin's...
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Feb 12, 2026
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AVOID
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Privacy pools are the "very first target" for quantum computers because funds can be stolen "without anyone noticing" (unlike Satoshi's coins where theft is visible). If the core value proposition (privacy) is broken AND the supply can be silently hyper-inflated/drained, the asset becomes uninvestable. The "store now, decrypt later" risk also retroactively destroys the privacy value of past transactions. AVOID privacy coins that rely on elliptic curve cryptography without immediate migration plans. Privacy chains successfully migrate to post-quantum SNARKs in time. |
Unchained (Chopping Block)
Is Nic Carter Right? How Serious Is Bitcoin's...
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Feb 12, 2026
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LONG
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Ethereum is upgrading to "uncompromising security" (hash-based signatures + SNARKs) by 2029, specifically to be the first global financial infrastructure immune to quantum attacks. Institutional capital requires multi-decade security assurances. If Ethereum achieves this while Bitcoin remains "ossified" and vulnerable, ETH becomes the de facto "flight to safety" asset for risk-averse institutional allocators. LONG ETH as the "institutional safe haven" play. Technical execution risk on the upgrade; quantum timeline accelerates before 2029. |
Unchained (Chopping Block)
Is Nic Carter Right? How Serious Is Bitcoin's...
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Feb 12, 2026
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WATCH
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5% of Bitcoin supply (Satoshi's coins) is in vulnerable P2PK addresses. Bitcoin developers are described as being in "denial" about the 2030s timeline, and upgrades are slow/contentious. The theft of Satoshi's coins would be a "black swan" event causing systemic panic. Even the *rumor* of a quantum breakthrough could cause a sell-off in BTC relative to quantum-secure chains due to this specific overhang. WATCH for structural weakness or pair trade against ETH if quantum progress accelerates. Bitcoin community forks/upgrades faster than expected; quantum tech hits a wall. |
Unchained (Chopping Block)
Is Nic Carter Right? How Serious Is Bitcoin's...
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Feb 12, 2026
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AVOID
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Quantum computers (relevant ~2032) can derive private keys from public keys. Satoshi’s ~1M BTC are in P2PK (Pay-to-Public-Key) addresses, making them the "canary in the coal mine" for theft. Bitcoin governance is notoriously slow (only two upgrades in 10 years). If they fail to coordinate a migration to post-quantum cryptography in time, the theft of Satoshi's coins would cause a systemic collapse in confidence and price. AVOID (Long-term structural risk). Quantum computing timelines could be much slower than predicted (decades away). |
Unchained (Chopping Block)
Coinbase Earnings, Bitcoin vs Tech, and Crypt...
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Feb 12, 2026
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LONG
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The Ethereum Foundation is actively building a "lean VM" and aggregating signatures to upgrade the entire chain to post-quantum security by 2029. By becoming the first "quantum-secure" global financial infrastructure, Ethereum positions itself as the only safe harbor for long-term institutional capital (TradFi) looking to settle on-chain, effectively flipping the "store of value" narrative away from Bitcoin. LONG. Technical execution risk in upgrading the cryptography without breaking the chain. |
Unchained (Chopping Block)
Coinbase Earnings, Bitcoin vs Tech, and Crypt...
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Feb 12, 2026
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AVOID
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Quantum computers break the soundness of the cryptography used in privacy pools (like Zcash). Unlike public chains where theft is visible, a quantum attacker could drain a privacy pool silently. No one would know the inflation occurred or funds were stolen until the pool is empty. This makes them the "first target" for quantum attackers. AVOID. Existential threat to the core value proposition. Quantum timeline delays. |
Unchained (Chopping Block)
Coinbase Earnings, Bitcoin vs Tech, and Crypt...
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