Bitcoin Security Consortium

The Bitcoin Security Consortium consists of industry leaders committed to the long-term security and stability of the Bitcoin protocol.

[Bitcoin Security Consortium @BTCconsortium]

We're the Bitcoin Security Consortium: leading financial institutions and Bitcoin companies supporting Bitcoin's long-term security.

Members have pledged $15 million to Bitcoin security research and development over the next three years.

[Fidelity Digital Assets @DigitalAssets]

We are proud to be a founding member of the @BTCconsortium.

[Bitcoin at Block @BitcoinatBlock]

1/ Quantum computers can’t threaten bitcoin today. But securing bitcoin means thinking years ahead, not waiting for the threat to arrive.

That’s why @blocks is helping launch the Bitcoin Security Consortium.

https://t.co/TGtlMQM5wB

[Coinbase 🛡️ @coinbase]

We’re proud to announce the launch of the Bitcoin Security Consortium, in partnership with BlackRock, Fidelity, Block, and more.

Together we’ll support the long-term security of the Bitcoin network.

Quantum computing is coming. Crypto needs to be ready.

[Boaz Avital ⚓ @bx]

Excited to represent @Anchorage as a founding member of the Bitcoin Security Consortium, alongside members from @MicroStrategy, @BlackRock, @blocks and more.

We in the industry have a responsibility to support those in the developer community researching Bitcoin security and the post quantum plan, and to educate those outside the community about the hype-free realities of this complex topic.

[Michael Saylor @saylor]

Bitcoin’s security is a shared responsibility.

Today we are launching the Bitcoin Security Consortium, backed by $15 million in commitments to support the developers and researchers strengthening Bitcoin for the decades ahead. https://t.co/J2VbkgJRZm

[David Puell @dpuellARK]

Together with @wintonARK, I'm proud to represent @ARKInvest in the Bitcoin Security Consortium.

Looking forward to deep-diving into the most important Bitcoin security topics of the coming years!

[Blockstream @Blockstream]

Proud to be a founding member of the @BTCconsortium.

Bitcoin’s long-term security has always been core to what we do, from open-source research to practical post-quantum work like OP_CHECKSHRINCS.
Supporting the independent developer community that keeps the network resilient is a natural extension of that mission.

[Mike Schmidt @bitschmidty]

Today nine institutions including BlackRock, Fidelity, Coinbase, and Strategy announced the Bitcoin Security Consortium (@BTCconsortium), pledging $15M toward Bitcoin security work over the next three years. I've agreed to help coordinate the group's work as a volunteer.

I said yes because supporting Bitcoin's developers and helping people understand their work are the two things I've spent my time in Bitcoin on, through Brink and Optech. This group wants to do both: fund the people already securing Bitcoin, and bring accurate information about that work to audiences it doesn't currently reach.

The group's first focus is quantum computing, a potential long-term threat that's reasonable to prepare for. Its true that a sufficiently powerful quantum computer would break Bitcoin's current signatures. What's usually wrong are the loudest "imminent doom" voices. The development community is already working on this.

These institutions want to help. I know exactly how "nine giant institutions form a group to 'help' Bitcoin" sounds, I had the same reaction. So before accepting, I spoke one-on-one with each company about their values and priorities, to judge whether this would actually be a productive initiative for Bitcoin. Two things mattered most to me, and I found the members already aligned on both:

- No pooled funding. Each member company funds who they choose, independently. The Consortium doesn't hold funds or pick recipients.

- No Consortium positions on protocol changes. Members speak for themselves.

I'm a volunteer, receiving no compensation from the Consortium. I continue to run Brink, independent of any Consortium member. I've committed to a year in this role, maybe I'd do two, but ultimately I see it as a seat that should rotate to other participants over time. My commitment is to Bitcoin, and that doesn't change.

My hope is that this effort results in more funding reaching more developers/researchers, on their own terms, and a measured counterweight to quantum panic, in both directions (no doomerism, but also no dismissal). Quantum is the first focus, but if this group works the way I think it can, there's room to support other security efforts down the road too.

More about the Consortium: https://t.co/BBjsalpm4J

I expect plenty of skepticism. Ask me anything.

[Phong Le @phongle]

As long-term holders, we have every incentive to see Bitcoin remain secure for generations. Funding the people who do this work, and helping inform the conversation around it, is a natural way for us to contribute.

[Steve Lee @moneyball]

I'm representing Block and Spiral in this initiative.

This initiative will communicate a balanced and accurate view of challenges to bitcoin security, specifically, quantum computing fears, the work being done by many different organizations and independent developers, and to reassure people there are credible plans. Often this can be done by simply endorsing existing projects that are already doing this, such as the Presidio Bitcoin quantum project. https://t.co/efVfl23NM1

There is respect throughout this group of all the work being done by others in bitcoin. I'm heartened by the fact that people like @adam3us and @bitschmidty are part of this. The three of us in particular have a long history of working closely with open source developers and understand the culture and importance of their independence. The fact that we were asked by the others in this initiative to be part of this, I think, is a very positive sign.

[Strategy @Strategy]

Today we're announcing the Bitcoin Security Consortium @BTCconsortium: a group of leading financial institutions and Bitcoin companies supporting the long-term security of the Bitcoin network.

Members have pledged $15 million toward this work over the next three years.

[Anchorage Digital ⚓️ @Anchorage]

Anchorage Digital is proud to be a founding member of Strategy's newly announced Bitcoin Security Consortium, an industry working group dedicated to supporting the work already happening across the Bitcoin ecosystem and community, and helping those outside the ecosystem understand signal from hype.

Our Global Head of Product, @bx, will represent Anchorage Digital alongside leaders from the largest BTC-holding institutions in the world.

[Bitcoin Security Consortium @BTCconsortium]

You can read today's announcement and more about the Consortium here: https://t.co/7wXIhfxE0J

Bitcoin has proven remarkably resilient through the work of an open, global community. We're proud to help strengthen it for the long term.

[Strategy @Strategy]

Today we're announcing the Bitcoin Security Consortium @BTCconsortium: a group of leading financial institutions and Bitcoin companies supporting the long-term security of the Bitcoin network.

Members have pledged $15 million toward this work over the next three years.

[Bitcoin Security Consortium @BTCconsortium]

We're the Bitcoin Security Consortium: leading financial institutions and Bitcoin companies supporting Bitcoin's long-term security.

Members have pledged $15 million to Bitcoin security research and development over the next three years.

[Bitcoin Security Consortium @BTCconsortium]

Our day-to-day work is coordinated by Mike Schmidt (@bitschmidty), Executive Director of Brink (@bitcoinbrink), a non-profit that supports Bitcoin open-source developers. Mike serves as a volunteer, independent of any member.