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-What’s a movie from the past 25 years that hasn’t gotten enough attention in your view? Something that punches way above its weight. 😇

-The spicier question. What’s a movie from that same time period that is very popular, including kind of in your own social circle, that you think is kind of mid or overrated but it’s too awkward to say, but you’ll drop it in a Nostr comment? 😈

alphabet 9mo ago 💬 2

I saw your post on Twitter, Lyn, where you wrote about the risks of Bitcoin. Since I don’t use Twitter myself, I’m writing here instead. I’m also curious—what do you personally see as the main risks?

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When it comes to price, Bitcoin may be difficult for people to intuitively accept, since it represents a purely abstract form of monetary premium—something that only a small minority might truly grasp, while the majority may never fully understand it.

On a more fundamental and structural level, isn’t it possible that the network could have split into multiple chains, with no single chain receiving overwhelming support like the current one?

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Discussion

alphabet 9mo ago

Sorry, I meant to post this under a different thread—I’m still not very familiar with how things work here.

Lyn Alden 9mo ago 💬 1

I started that thread after having a recent update on quantum threats, which put quantum near the top of my list.

Jack K 9mo ago

Lyn, could you explain why quantum is the biggest risk? I agree it is the biggest risk of bitcoin too, but not in the same way.

Quantum never has to deliver anything (it won’t), but it can invoke fear and action as a social layer attack upon individuals. All they have to do is convince people the threat is real to get people to fork Bitcoin into submission. Trust the physicists….

Can you explain why Bitcoin isn’t THE quantum computer? we’ve already established there is no second best….unless bitcoin is second best to quantum computing.

If we are going to actually talk about quantum fud then we must acknowledge the critical role of the observer/measurement in quantum systems. Why can we just bat an eye at the inherent flawed model of complete centralization in “quantum computing” regarding a singular centralized computer (node), a single centralized observer (miner) and a single centralized owner of all qubits (UTXOs). Why is centralization OK?

The quantum computer has been sitting in front of us for 16 years and nobody has recognized as such. We are all wrong.

Is the image and idea of what a quantum computer can do actually your idea, or was it an idea told to you? Would you recognize a quantum computer if it was right in front of you?

Bitcoin already computes the most important thing, so is there a second best? The only thing I know is that Bitcoin exists without any decoherence.