Adam Back Slams Bitcoiner VC Over ‘Uniformed’ Quantum Risk
The post Adam Back Slams Bitcoiner VC Over ‘Uniformed’ Quantum Risk appeared on BitcoinEthereumNews.com.
Blockstream CEO Adam Back has criticized Castle Island Ventures founding partner Nic Carter for amplifying concerns about quantum computing threats to Bitcoin. “You make uninformed noise and try to move the market or something. You’re not helping,” Back said in an X post on Friday, after Carter explained in an X post why Castle Island Ventures invested in Project Eleven, a startup focused on protecting Bitcoin and other crypto assets from the threat of quantum computing. Back said the Bitcoin community is not in denial about the need to research and develop protections against potential quantum computing threats, but is instead doing that work “quietly.” However, Carter refuted Back’s comment, arguing that many Bitcoin developers are still in “total denial” about the risk of quantum computing to Bitcoin. Source: Pledditor While Castle Island Ventures’ investment only recently resurfaced on social media within the Bitcoin community, Carter first disclosed it in a Substack post on Oct. 20. “I disclosed this in the first sentence of my main article on quantum. Can’t get more transparent than that,” Carter said. Carter says he was “quantum pilled” Carter said that he invested in the project because Project Eleven CEO Alex Pruden “quantum pilled” him. “I became extremely concerned about quantum threats to blockchains. I put capital behind my convictions, always have,” he said. Source: Nic Carter “I knew the bad faith criticisms would come, so I made absolutely sure to be crystal clear about my financial exposure here,” Carter added. Carter raised several points why quantum computing poses a risk to Bitcoin, including governments planning for a post-quantum world, Bitcoin itself being “a bug bounty” for quantum supremacy, and the increasing amount of investment in quantum firms. Carter isn’t the only prominent Bitcoin figure to have recently stepped up public warnings about the potential…
Filed under: News - @ December 20, 2025 6:25 am