Has a quantum computer ever successfully run Shor's algorithm?
Is there an example where the specific algorithm that breaks ECDSA, has been successfully run on a lower security obsolete cryptographic scheme?

Twitter

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

I've spent the afternoon asking questions and testing assumptions with Gemini.
No matter which way I try, being optimistic as I can, It's giving me middle of next decade as a best case scenario.
It just seems like there is a lot of 'changes to the goalposts', with endless new quantum metrics to benchmark, but no measurable progress.
This isn't about writing useful code.
It's about running the algorithm AT ALL.

if the answer really is 2035 best case (like NIST/NSA/the UK/the EU and many others thing), then we should transition today
every key holder has to make a transaction on chain or lose their funds permanently
how long would you want to give them to do that?

yes in fact
https://twitter.com/nic_carter/status/2019810791969702219

you might think 6 bits is a long way from 256 bits and you'd be right
but do you want to wager bitcoin's future on technology not progressing?