{"id":75262,"date":"2026-07-11T19:22:36","date_gmt":"2026-07-11T19:22:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/former-meta-and-google-engineer-warns-of-quantum-and-miner-time-bombs-affecting-btc\/"},"modified":"2026-07-11T19:22:36","modified_gmt":"2026-07-11T19:22:36","slug":"former-meta-and-google-engineer-warns-of-quantum-and-miner-time-bombs-affecting-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/former-meta-and-google-engineer-warns-of-quantum-and-miner-time-bombs-affecting-btc\/","title":{"rendered":"Former Meta and Google Engineer Warns of Quantum and Miner Time Bombs Affecting BTC"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Patrick Shyu says 95% of all bitcoin is already minted while the fee economy miners need \u201cnever showed up.\u201d<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Shyu sold his BTC in June 2026 after a 50% crash from $126,000, blaming excessive leverage for his losses.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin developers are weighing quantum fixes like BIP-361 as some researchers eye serious risk near 2030.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Warning Worth Heeding<\/h2>\n<p>Shyu, who served as a tech lead at Google and later as a staff software engineer at Meta before building a YouTube audience of more than a million subscribers, laid out his case in <a href=\"https:\/\/x.com\/WuBlockchain\/status\/2075855508968485368\" target=\"_blank\" rel=\"noopener noreferrer\">a recent video<\/a>, zeroing in on the issues of quantum computing and the future of miner incentives, stating:<\/p>\n<blockquote>\n<p>I sold all my <span>Bitcoin<\/span>, and I suffered absolutely massive financial losses<\/p>\n<\/blockquote>\n<p>The first bomb, in Shyu\u2019s words, is the slow erosion of the network\u2019s security budget. \u201cMiners secure the network, and they have to get paid in two ways: either newly minted coins or your transaction fees,\u201d he explained. The block subsidy is cut in half roughly every four years and currently stands at 3.125 <span>BTC<\/span>, with the next halving expected in 2028.<\/p>\n<p>The problem, he argues, is that new coins are running out and fees have not filled the gap. \u201c95% of all <span>Bitcoin<\/span> is already minted. The fee economy they would depend on never showed up,\u201d Shyu noted, while further warning:<\/p>\n<blockquote>\n<p>As fees fade, miners switch off, security drops, the network weakens again\u2026 and a slow death spiral could set in. <span>Bitcoin<\/span> is over.<\/p>\n<\/blockquote>\n<p>Miner stress is already visible in the data as hashprice, a daily measure of mining revenue per unit of computing power, hovers around $29 per petahash per second this month, and miners absorbed an <a href=\"https:\/\/news.bitcoin.com\/miners-absorb-18-hashprice-crash-as-bitcoin-difficulty-jumps-7-15\/\">18% hashprice crash<\/a> in late June as <span>Bitcoin<\/span>\u2019s mining difficulty jumped 7.15%.<\/p>\n<h2>The Quantum Clock<\/h2>\n<p>The second bomb is quantum computing because a sufficiently powerful quantum machine could, in theory, use Shor\u2019s algorithm to derive <span>private keys<\/span> from exposed public keys, putting older <span>bitcoin<\/span> addresses at risk. Timelines vary widely, as venture investor Nic Carter has pointed to a possible \u201cQ-Day\u201d <a href=\"https:\/\/news.bitcoin.com\/nic-carter-raises-concerns-on-bitcoins-quantum-vulnerability-q-day-to-arrive-by-2035\/\">around 2035<\/a>, while other research published this year has shifted some planning horizons <a href=\"https:\/\/news.bitcoin.com\/googles-quantum-advances-bring-bitcoin-security-debate-into-focus\/\">toward 2030<\/a>.<\/p>\n<p>Not everyone is in on the panic, with several academics concluding recently that attacking <span>Bitcoin<\/span>\u2019s mining process itself would require \u201cthe energy of a star,\u201d and the industry has mounted a broad security race to quantum-proof the chain.<\/p>\n<p>Proposals include BIP-361, a three-phase soft fork that would eventually <a href=\"https:\/\/news.bitcoin.com\/bitcoin-developers-propose-freezing-coins-that-skip-quantum-safe-migration-under-bip-361\/\">freeze coins<\/a> that skip migration to quantum-safe addresses, while Starkware\u2019s chief product officer has published a scheme for quantum-safe transactions <a href=\"https:\/\/news.bitcoin.com\/no-consensus-changes-needed-starkware-cpo-builds-quantum-safe-bitcoin-transactions-from-existing-rules\/\">built from existing rules<\/a>.<\/p>\n<p>Popular analyst Willy Woo too has argued the threat is already being met, pointing to <a href=\"https:\/\/news.bitcoin.com\/is-quantum-computing-stalling-bitcoin-analyst-willy-woo-points-to-surging-dev-activity\/\">surging dev activity<\/a> around the issue.<\/p>\n<h2>\u2018Massive Financial Losses\u2019<\/h2>\n<p>Shyu\u2019s own exit was as much about <span>leverage<\/span> as protocol design. \u201cI used excessive <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-leverage-in-crypto-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">leverage<\/a>. A small mistake led to dramatic consequences,\u201d he admitted. <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> fell from about $126,000 in October 2025 to the low $60,000s this summer, a drawdown of roughly 50% that triggered automatic liquidations of his leveraged position. He described the market as walking on \u201ca thin layer of ice.\u201d<\/p>\n<p>Even after capitulating, the engineer insists he has not abandoned the asset class entirely, calling himself \u201cstill a long-term <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bullish<\/a> investor.\u201d Critics have noted that Shyu has a history of dramatic reversals, and his warning landed during a week when the market moved the other way.<\/p>\n<p>Whether either bomb ever detonates depends on decisions still years out. The 2028 halving will cut the block subsidy to 1.5625 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>, sharpening the fee debate, and developers have yet to coalesce around a single quantum-migration path.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/former-meta-engineer-bitcoin-2-ticking-time-bombs\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Patrick Shyu says 95% of all bitcoin is already minted while the fee economy miners need \u201cnever showed up.\u201d Shyu sold his BTC in June 2026 after a 50% crash from $126,000, blaming excessive leverage for his losses. Bitcoin developers are weighing quantum fixes like BIP-361 [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75262"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75262"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75263"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}