Re: [bitcoindev] Weak Quantum Bounty Ceremony

["Nikita Karetnikov" <nikita@karetnikov.org>]

Dear Erik,

The bounty idea has been discussed recently in “What if we let Quantum Hunters get Bitcoin rewards ?”
I’ve also seen it mentioned elsewhere.

Before going into the implementation, let’s discuss the concept.
I don’t understand what problem is being solved by the bounty.
To me it serves no purpose.

If the network is not updated to be post-quantum, the attackers can just go for the funds elsewhere.
The counterargument is that a discovery can be made by a lab that’s not interested in stealing.
What is the bounty for in that case?
The researchers are primarily motivated by producing novel results.
They already receive salary and the companies working on this have funding.
This also assumes that the lab would be allowed to publish this result publicly.
They would have other means to demonstrate their discovery as well.
Why would you optimize for this very specific use case?

And if the network is updated to be post-quantum, the PQ bounty has no purpose.

The bounty is already there, it’s the network itself, pre- or post-quantum.

Thanks,
Nikita

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