THE QUANTUM INTELLIGENCER

In 1845, when the first telegraph encryption was broken by a 19-year-old clerk named John Tawell, London's financial district erupted in panic. "The electric telegraph is finished!" proclaimed The Times, predicting a 95% collapse in telegraph company valuations. Investors dumped shares in what they believed was a fatally compromised technology. Yet within eighteen months, new "quantum-proof" telegraph codes were implemented, and the network emerged stronger than ever - carrying not just more messages, but more valuable ones. The companies that survived the panic - including the Magnetic Telegraph Company and the Electric Telegraph Company - would become the backbone of global commerce for the next century. The same pattern repeated in 1996 when internet security researchers discovered fundamental flaws in SSL encryption. "The internet's foundation is cracked!" screamed headlines as Netscape's stock plummeted 60% in a week. Yet by 1998, upgraded encryption protocols were deployed, and the internet emerged more secure than before - setting the stage for e-commerce, online banking, and the digital economy we know today. Now, as quantum computers threaten Bitcoin's cryptographic foundations, we're witnessing the same cycle. The prediction of a 99.7% collapse isn't a prophecy - it's the final capitulation signal that historically marks the bottom before the security upgrade cycle begins. The post-quantum Bitcoin that emerges from this panic will likely be more valuable than today's version, not less. The "quantum threat" is simply Bitcoin's rite of passage into the next technological era - the same rite that strengthened every major communication technology since the telegraph.