Blockstream CEO Adam Beck has criticized Castle Island Ventures founding partner Nic Carter for overstating concerns about the risks of quantum computing to Bitcoin.

“You make ignorant noise and try to move the market or something. You’re not helping,” back. said In an X-Post on Friday after Carter Explained In an X-post, why Castle Island Ventures invested in Project Eleven, a startup focused on protecting Bitcoin and other crypto-assets from the threat of quantum computing.

Beck said the bitcoin community is not in denial about the need to research and develop protections against potential quantum computing risks, but is instead “quietly” doing the work. However, Carter disputed Beck’s comments, arguing that many Bitcoin developers are still in “total denial” about the threat of quantum computing in Bitcoin.

While Castle Island Ventures’ investment has only recently resurfaced on social media within the bitcoin community, Carter First Disclosure This is in a subsec post on October 20. “I revealed this in the first sentence of my main article on quantum. It couldn’t be more transparent,” Carter said.

Carter says he was “quantum shot”.

Carter said he invested in the project because Project Eleven CEO Alex Purdon “quantum flipped” it. “I became extremely concerned about quantum risks to blockchains. I put capital behind my assurances, always residing,” he said.

“I knew there would be bad faith criticism, so I made sure to be very clear about my financial exposure here,” Carter added.

Carter raised several points as to why quantum computing poses a threat to Bitcoin, including governments planning for a post-quantum world, Bitcoin itself being “a bug bounty” for quantum supremacy, and the increasing amount of investment in quantum firms.

Carter isn’t the only prominent bitcoin figure who has recently raised public warnings about the potential threat of quantum computing to bitcoin.

Some have warned that the threat could emerge in as little as two years

Charles Edwards, founder of Capriol Investments warned In a post on Thursday X said that quantum computing could pose a real threat to Bitcoin in the next two to nine years unless the network upgrades to quantum-resistant cryptography.

However, others are less concerned.

Related: Bitcoin’s problem with quantum risk is weighing on its value: execution

Multi-billionaire entrepreneur Kevin O’Leary recently told QuintileGraph magazine that using quantum computing to crack Bitcoin’s security would not be the most efficient use of the technology, arguing that it would be far more valuable in areas such as AI-driven medical research.