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The Boys

Writer: Deana

Editor: Miranda

Octant is making moves. Did you see the news?

Milady Purity Test. Earlier this month, the Ethereum Foundation published a 38-page mandate built around "CROPS" (censorship-resistance, open source, privacy, security), and over the past few weeks the conversation around its delivery and influence has devolved into an extremely online schism. The debate split across a few fracture lines. First, the EF took a stand that was like, sign it or ELSE and the coercion was not well received. Secondly, the whole thing was infused with Milady, which is pissing people off. Also, folks are saying that the EF should be focused on adoption and economic value, which were two things explicitly missing from the mandate. “The risk is Ethereum becomes urbit.” Chills.

Quantum Gap. Every crypto wallet is protected by math that's extremely hard for normal computers to solve. Quantum computers solve that math differently, and two papers dropped this week saying they could crack the encryption with way fewer ~qubits~ (quantum computing's unit of power) than anyone previously thought. We're nowhere near the qubit count needed to actually pull this off, so nobody's getting drained tomorrow. But the response gap is the story. In contrast to the blurb above, the Ethereum Foundation appears to be locked and loaded on the problem. They have a post-quantum roadmap, weekly test networks, and 10+ client teams on it. Bitcoin has seemingly no coordinated plan and 1.7 million BTC in old wallets that can't be moved to safety, including Satoshi's. Google set 2029 as its own quantum migration deadline so let’s get moving eh?

Quick Hits.

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