Venture capitalist: Bitcoin developers must urgently address the quantum computing threat to avoid institutional takeover
ChainCatcher news, according to Cointelegraph, venture capitalist Nic Carter stated on a podcast that the long-term inaction of bitcoin developers regarding the potential threat of quantum computing to bitcoin could lead large institutions holding substantial amounts of bitcoin (such as BlackRock) to become dissatisfied, ultimately triggering an "institutional takeover."
Nic Carter warned that institutions will not tolerate the core security issues of bitcoin being ignored for a long time. "If developers continue to do nothing, institutions will lose patience, dismiss the current developers, and replace them with new ones."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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