‘Bitcoin Is Over’: Former Meta and Google Engineer Warns of Quantum and Miner Time Bombs Affecting BTC

Jul 12, 2026

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Patrick Shyu, the former Meta and Google engineer known online as Techlead, warns that quantum computing and decaying miner incentives are two undefused threats hanging over Bitcoin.

Key Takeaways

Patrick Shyu says 95% of all bitcoin is already minted while the fee economy miners need “never showed up.”Shyu sold his BTC in June 2026 after a 50% crash from $126,000, blaming excessive leverage for his losses. Bitcoin developers are weighing quantum fixes like BIP-361 as some researchers eye serious risk near 2030.

A Warning Worth Heeding

The Quantum Clock

‘Massive Financial Losses’

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