Updates and perspective on what Saylor calls “Quantum Yo-Yo coins”

Notable quantum computing news:

The G7 will form a Joint Working Group on Quantum Technologies to guide cooperation on standards, risk management, and future applications in both civil and defense sectors.

The G7 leaders called out the transformative benefits — as well as the considerable threats — of quantum technologies.

IBM has outlined a very definitive roadmap that will be capable of breaking ECDSA.

Updates/Perspective:

Yet, just two weeks ago Saylor once again tried to frame Quantum Computing as simply a "narrative" created by "Quantum Yo-Yo coins". I understand the need to deflect fud and protect bags, but this is not the way to do it. Once you resort to name calling, you are no longer properly addressing the concern or removing the fud.

He likely knows by now- there is a long difficult process ahead to determine how to upgrade. Perhaps he thinks it is best to deflect until some sort of general consensus is reached so he can point to what the plan is. That is the first major hurdle- consensus. I won't dig into it- it can be debated in comments.

What is clear is even if some coins just hopped on the narrative, some actually realized this has to be dealt with properly. Most major chains like ETH, SOL, ADA, HBAR, ALGO etc all have started to talk about how they think they will transition. However, they are realizing it is a very challenging problem- and unfortunately does not ADD value, it simply tries to protect and maintain the chain. Plus it will take up a lot of time and resources they'd rather being using to innovate.

It seems CKB was removed from the quantum resistant category. Supposedly some folks took the time to report it, and personally I'm surprised that CMC took the time to investigate. Even more surprising because there are tags applied all over the place that represent what a chain aims to achieve vs what is current state.

So what's happening in the realm of coins hyper-focused on providing useful chains with quantum cryptography?

The most notable uptick in price action came from QRL. Likely due to users seeing the Zond testnet which aims to add evm compatibility, smart contracts, and a shift to proof of stake. The hope is this will enable more utility to be achieved on the chain. The upgrade has not yet entered the auditing phase, which means the public launch still will likely be months away.

Speaking of audits- Qanplatform has had their public chain in audit for close to 6 months. Community has grown impatient, and this has led to continued downward price action. This could be something to watch out for if you have been trading both QRL and QANX to see if people grow impatient with the QRL audit.

This may not be surprising as they are delivering 3 major advancements auditors have not seen before- a xlink cross-signing mechanism to enable quantum signatures using evm compatible wallets, a virtual machine which enables smart contracts in any language, and a public/private/hybrid architecture. All these are meant to enable enterprise adoption, which the team has mentioned they are pursuing in parallel. The first noted use case was with IBM.

Smaller QR coins have stayed relatively quiet- AME CELL ABEL MCM

Of these, I am a QANX holder. While the communities often fud each other, I am of the opinion none of that will matter. QANX actually receives the most fud due to keeping github closed- which will only be opened after mainnet launch. Regardless of fud or narratives, these coins still need to carve out marketshare and adoption. Quantum resistance is becoming MANDATORY, and should give them a lot of attention. If they have a useful utility chain, this could accelerate their adoption. And despite the Saylor attacks, they aren't aiming to steal BTCs store of value narrative.