The only threat but which bitcoin developers do not see as threat for now is quantum computing which is predicted to be able to reveal bitcoin private key from the public key.
That's weird, if quantum computing starts revealing bitcoin private key it might cause a big problem to crypto industry in general because a lot of people will lose their coins when their private keys get compromised from the public key. Bitcoin developers should swing into actions and proffer ways to stop this from happening in the future. Seems we will be needing more cyber security in the near future if at all we still need to maintain privacy
That quote is almost two months old; in the tech world he posted as a teenager and is now in old age...
There are two threats to crypto - one it created itself (AI) and the other I've been warning about for years.
Traditional computing, the kind AI uses, relies on bits that be on or off. (Initial designs contemplated 10 phase bits to mimic base 10 but it was too complicated for the time). Quantum computing relies on qubits that can be multiple values at once. A Bitcoin private key is 256 bits - 1 or 0. Theoretically, a 256 qubit com could crack a bitcoin private key in
one try. But Atom Computing's system has 1,180 qubits and the financial system still exists - because qubit noise requires error correction, and if you understand RAID, it means more space for the same information. If we ever discover how to control quantum fluctuations (like we can control 100,000,000 degree plasma) then existing systems are already more than enough.
The US government has a plan to upgrade all systems to quantum proof by 2035.
HA! I can search projections that say 10k years to 100-200 years to a couple years away - based on when they were written. A recent article stated how the technology has been more effective than they expected.
Further Reading:
Roughly a quarter of Bitcoin sits in older wallet formats that might be more vulnerable to quantum attacks.