Justin Sun on Quantum Threat: Market Severely Underestimates Potential Devastating Impact of Q-Day on Bitcoin’s Price

Justin Sun recently discussed the potential threat of quantum computing to the crypto industry in an interview, noting, "Mathematics is extremely critical to the crypto sector, and right now everyone is focused on quantum attacks. Tron is advancing and implementing NIST (U.S. National Institute of Standards and Technology) post-quantum encryption standards to enable blockchains to resist quantum attacks. This technology is already live on the testnet, and is expected to roll out on the mainnet as early as the start of next year. Many people have severely underestimated the destructive power of Quantum Threat Day (Q-Day). Most in the crypto industry have no clue how slow the Bitcoin network’s consensus mechanism is. I’ve been part of the Bitcoin community since 2012, and the entire community’s technological progress has been very gradual. Even if the entire network clearly knows a certain disaster will strike in two years, getting the entire Bitcoin network to reach consensus and complete an upgrade in just that timeframe is an almost impossible task. Fund managers at major U.S. financial institutions like BlackRock simply haven’t spent enough time researching this issue. In their traditional mindset, this might seem like a bug in Apple’s iOS system: two minutes later, Apple releases an update patch, everyone clicks to upgrade, and the problem is fixed. But the technological evolution of public blockchains is nothing like that. These institutions have invested tens or even hundreds of billions of dollars in Bitcoin, yet they don’t actually participate in its development, don’t understand its underlying technology, and don’t care about its technical evolution—just like a fund manager who buys Apple stock won’t study iOS’s underlying code daily. Quantum Threat Day will definitely be a major headache, and the market has severely underestimated the potential devastating impact Q-Day could have on Bitcoin’s price."