So i'm nodding along with most of this, but I don't understand how they can say something as strange and obviously nonsensical as this:
>The incentive for it to happen suddenly is that, even if Nakamoto's fix were in place, someone with access to the first sufficiently powerful quantum computer could transfer 20% of all Bitcoin, currently worth $460B, to post-quantum wallets they controlled. This would be a 230x return on the investment in PsiQuantum.
Thats some really bad accounting on the incentives and ROI available. You can't just start selling and expect the price to be stable.
But it does bring up a secondary question I've never seen any numbers on; How much money could you possibly make if you knew for certain the value of bitcoin magically went to 1% in a panic sell?
Are there any institutions open to selling a billion dollar put option?