I’ve seen this Bittensor post-quantum wallet news for the fourth time already.
On October 22, they said it was being tested and wasn’t on mainnet; on October 28, they said it had been approved but not yet launched; on October 30, they said release 487 had merged ML-DSA-65 and Falcon signatures; then on November 6, they changed the headline to “Officially launched.” One story split into four parts, each getting a wave of TAO accounts reposting it and calling it bullish, plus bot accounts slapping a “Bullish 90%” label on it.
Honestly, this is a good thing in itself, and there’s nothing wrong with moving forward. But the key word is “optional.” Your old wallet doesn’t automatically become secure. If you don’t actively switch signatures and rotate your keys, your coins are still protected by the same old lock. When Q-day really comes, the first addresses to get cracked will be the old ones whose owners couldn’t be bothered to act. That has absolutely nothing to do with whether the chain supports it.
And as for right now, machines capable of using quantum computers to break ECC don’t exist yet. Just look at the market to see the effect this news has had on the price: TAO is currently at 222.2 on Binance, down 1.77% over 24 hours. The market is more honest than Twitter.
I’m all for technical upgrades; I’m not buying them as a pump narrative.
#TAO #Bittensor
On October 22, they said it was being tested and wasn’t on mainnet; on October 28, they said it had been approved but not yet launched; on October 30, they said release 487 had merged ML-DSA-65 and Falcon signatures; then on November 6, they changed the headline to “Officially launched.” One story split into four parts, each getting a wave of TAO accounts reposting it and calling it bullish, plus bot accounts slapping a “Bullish 90%” label on it.
Honestly, this is a good thing in itself, and there’s nothing wrong with moving forward. But the key word is “optional.” Your old wallet doesn’t automatically become secure. If you don’t actively switch signatures and rotate your keys, your coins are still protected by the same old lock. When Q-day really comes, the first addresses to get cracked will be the old ones whose owners couldn’t be bothered to act. That has absolutely nothing to do with whether the chain supports it.
And as for right now, machines capable of using quantum computers to break ECC don’t exist yet. Just look at the market to see the effect this news has had on the price: TAO is currently at 222.2 on Binance, down 1.77% over 24 hours. The market is more honest than Twitter.
I’m all for technical upgrades; I’m not buying them as a pump narrative.
#TAO #Bittensor