Former Google Engineer Warns Quantum Computing Threatens Bitcoin Security

Patrick Shyu, a former engineer at Meta and Google, has expressed concerns over Bitcoin's security risks due to two major issues. Firstly, he believes that the decline of miner incentives as new coin rewards diminish will weaken network security if fees don't compensate. Additionally, he warns about the potential future risk from quantum computing breaking Bitcoin's cryptography.

Shyu sold his Bitcoin after a 50% price crash, citing excessive leverage and concerns over Bitcoin's long-term security. He notes that developers are exploring quantum-resistant upgrades, but the next Bitcoin halving in 2028 could intensify miner revenue challenges.