Yes there are some charlatans trying to sell quantum bullshit, but for the most part this is debunking a myth that doesn't exist.
But (boring) engineering research, most of math, and (some academic) CS publications seem much less sloppy, I'll give you that
But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet.
(Unless Bitcoin forks into a quantum-resistant hashing method).
That's like saying there's a $100T+ bounty on robbing the IMF. Bitcoin is backed by nothing, if you pull out a Jenga block that big then the whole thing is tits up worthless.
It will also (incidentally) make you the enemy of some particularly powerful people with connections to criminal networks.
Aren't the hash functions bitcoin uses already quantum resitant?
> Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography.
The exciting use case is simulating quantum systems for physics & chemistry research. Cracking RSA is mostly a meme use case since the moment it looks like someone is about to get one everyone immediately switches algorithms.
As long as there's unaudited exchanges minting so called stable coins at will. The entire crypto sphere is valuated fully devoid from any actual underlying fundamental. Cracking a wallet could be the catalyst for its undoing but it could also be something else or nothing at all.
