Renowned hacker George Hotz recently made a provocative statement , humorously claiming that no crypto assets are truly safe. The Quantum Effect The statement by George follows the release of the new o3 model by OpenAI, which allegedly discovered a polynomial time factoring algorithm that could break down large numbers and potentially compromise the security of cryptographic systems. However, experts argue that it is highly unlikely crypto security would be threatened in this way without the development of large-scale quantum computing , with such an algorithm potentially being one of the greatest inventions of the century. More Than Meets The Eye Hotz also linked to an Axios article discussing concerns among computer science students about AI potentially replacing their roles, given the impressive programming capabilities of the o3 model that surpass most developers. Regardless, Blockstream CEO Adam Back described the claims about the cryptography-breaking algorithm as highly dubious, noting that the Axios article does not mention the algorithm at all. Some have even suggested the statement might be a misunderstood joke, possibly aimed at the sensational headlines surrounding AI development.
