Recently, Project Eleven (a quantum computing research group) announced a 1 bitcoin reward for the first team able to complete a challenge to demonstrate breaking a ECC (elliptic curve cryptograph) key using Shor’s algorithm on a quantum computer. 

The deadline for this challenge is April 5th, 2026, meaning in order to qualify for the prize a team must demonstrate breaking a key pair it must be done before that deadline. 

This is frankly a completely absurd and meaningless prize for a number of reasons, the first of which is the deadline of just under a year from today. Even highly optimistic projections about the progress of quantum computing put the timeline of practically…

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