> They weirdly[1] frame it around cryptocurrencies and mempools and salvaged goods or something [...]

> [1] The whole paper is a bit goofy: it has a zero-knowledge proof for a quantum circuit that will certainly be rederived and improved upon before the actual hardware to run it on will exist. They seem to believe this is about responsible disclosure, so I assume this is just physicists not being experts in our field in the same way we are not experts in theirs.

The zero-knowledge proof may come across as something of a gimmick, but two of the authors (Justin Drake and Dan Boneh) have strong ties to cryptocurrency communities, where this sort of thing is not unusual.

I also don’t think it’s particularly strange to focus on cryptocurrencies. This is one of the few domains where having access to a quantum computer ahead of others could translate directly into financial gain, so the incentive to target cryptocurrencies is quite big.

Changing the cryptographic infrastructure we rely on daily is difficult, but still easier than, for example in Bitcoin, where users would need to migrate their coins to a quantum-resistant scheme (whenever such a scheme will be implemented). Given the limited transaction throughput, migrating all vulnerable coins would take years, and even then, there would remain all those coins whose keys have been lost.

Satoshi is likely dead, incapacitated, or has lost or destroyed his keys, and thus will not be able to move his coins to safety. Even if he has still access, the movement of an estimated one million BTC, which are currently priced in by the market as to be permanently lost, would itself be a disruptive price event, regardless if done with good or bad intentions.

If you know which way the price will go (obviously way down in this case), you can always profit from such a price move, even if Satoshi's coins were blacklisted and couldn't be sold directly.