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Jameson Lopp, co-founder of Casa, recently proposed that upgrading Bitcoin to meet the standards capable of resisting quantum attacks in the "post-quantum era" may take 5 to 10 years. He emphasized that Bitcoin is facing a typical collective action problem.
"Making thorough modifications to the agreement and completing an unprecedented capital migration would easily require 5 to 10 years of time."
The lack of quick updates from the CEO means that every change to Bitcoin must go through consensus voting by global miners, node operators, and developers. This deliberately slowed mechanism constitutes the "democratic cost" of a network worth trillions of dollars.