Tether CEO Considers Using Quantum Computing to Recover Lost Bitcoin

• • Tether explores quantum computing.
  • Lost Bitcoin Recovery.
  • Bitcoiners can contribute to the search.

Tether CEO Paolo Ardoino recently expressed a keen interest in exploring a quantum computing initiative to try to recover bitcoins lost over the years. The bold-sounding idea reignites hopes of recovering a fortune in cryptocurrencies that have evaporated into the digital ether.

The original proposal, launched by the investor Bitcoin Brad Mills suggests a technological treasure hunt to locate approximately 3,7 million BTC tokens that have disappeared from circulation. Ardoino, although he recognizes that quantum computing is not yet at an advanced enough stage to accomplish such a feat, sees potential in the idea and advocates transparent and ethical leadership if the initiative comes to fruition.

One of Ardoino's ideas is for “Bitcoiners” to contribute Satoshis (fractions of Bitcoin) in exchange for a portion of the Bitcoins that are recovered through future quantum discoveries.

“It would definitely be awesome to build a whitehat community consortium. Again, I don’t think it’s anywhere near imminent, certainly far from imminent. But definitely, whoever leads it, let’s make sure they don’t pull a CloseAI stunt. Just an idea on the spot: Bitcoiners could participate by pledging some sats today to get a revshare of future quantum hacks. And the bulk of the money would be used to fund open source Bitcoin developers until the end of time.” wrote .

This discussion comes at a time when quantum computing is becoming an increasingly present topic in the cryptocurrency world. Some fear that this technology, still in development, could pose a threat to Bitcoin's security in the future. However, Ardoino reassures the community, stating that Bitcoin's cryptographic security remains intact and that quantum technology does not yet pose an immediate risk.

“Quantum computing is still a long way from posing any significant risk of breaking Bitcoin’s cryptography. Quantum-resistant addresses will eventually be added to Bitcoin before there is any serious threat. All people alive (and who have access to their wallets) will move Bitcoin to new quantum-resistant addresses. Any Bitcoin in lost wallets, including Satoshi (if he is not alive), will be hacked and put back into circulation.”

The move to use quantum computing to recover lost Bitcoins is seen by many as a silver lining for those who have lost their cryptocurrencies for a variety of reasons, including forgotten passwords or damaged wallets. If the technology proves viable, millions of lost Bitcoins could be recovered, further boosting the cryptocurrency market.