Adam Back slams Bitcoiner VC for ‘uninformed noise’ about quantum risk

Adam Back's Criticism

Adam Back, CEO of Blockstream, has expressed strong opposition to comments made by Nic Carter, a general partner at Castle Island Ventures. Back believes that Carter's remarks are "uninformed noise" that could harm the Bitcoin community's ongoing narrative regarding quantum risks. While Back acknowledges that the advancement of quantum computing poses potential risks to Bitcoin, he criticizes Carter's approach as misleading. He emphasizes the need for rational discourse among experts before the threat of quantum technologies becomes tangible. Given this context, the impact on Bitcoin's price remains uncertain, and investors are urged to develop strategies based on professional opinions regarding quantum risks and their implications. The market still lacks clarity on how quantum computers might affect Bitcoin's security, leading to varied reactions from investors. Overall, Back's criticism of Carter reflects a disagreement within the Bitcoin community, and no direct trading signals or specific price levels have been mentioned. Consequently, market signals remain neutral.