Gradual Release: The Quantum Challenge Facing Bitcoin "More on the Social Level than the Technical Level"

Golden Finance reports that on April 7, Zach Pandl, Head of Research at Grayscale, said that in addressing the quantum threat facing Bitcoin, the challenge may be more social than technical in nature—especially if the community cannot reach consensus on some controversial issues.
Google published a paper on March 30 that shocked the crypto industry, pointing out that the encryption algorithms used by Bitcoin could be cracked by quantum computers with far fewer resources than previously expected.
However, Pandl, Head of Research at Grayscale, believes that Bitcoin’s problem is not with technical solutions, because “Bitcoin’s risk is lower than that of other crypto assets.” Bitcoin uses the UTXO model and a proof-of-work consensus mechanism; it natively does not support smart contracts, and some address types are not threatened by quantum computing.
Pandl said the real challenge is that the community needs to make decisions about the next steps.
The Bitcoin community is fiercely debating how to deal with long-dormant old coins, especially the roughly 1.7 million Bitcoins locked in early P2PK addresses, including about 1 million Bitcoins believed to be held by Satoshi Nakamoto, which is valued at roughly $68 billion based on current prices.