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Maxim
0904cd8792f87042bae46ff1d24516dbd4ee3d3fcdf9d8f52d7016a5100b8c70
Just a random Bitcoin lover and physicist. Don’t be scared if I sometimes switch to German πŸ‡©πŸ‡ͺ

πŸ‘‡πŸ‘‡πŸ‘‡ #plebchain

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Good question πŸ˜‰πŸ˜‰πŸ˜‰

Well first quantum computers are as bad at solving brute force sampling problems as regular computers are. Just think about it: youβ€˜d need to sample numbers in a 256-dimensional space.

With a quantum computer, it may happen that your private key can be cracked in a suboptimal sense (what we call NP-incomplete), meaning I can approximately guess a small volume of the parametric space that contains your key. But (1) it will take decades of brain power to write clever algorithms for quantum computers and (2) we can always introduce a new private key standard such as SHA512 and even more complex to keep the security standard high.

Correct. More of a conceptual & design problem that can be resolved in practice, while the whole Liquid thing will certainly always be a trade-off.

* The private key of my wallet is a random number between 0 and 2^256.

* At the same time, there are approx. 10^80 atoms in the visible universe.

* Chances that you randomly guess my private key are still 1000 times better than those of finding a certain hydrogen in a certain galaxy.

Good luck πŸ‘πŸ˜œ

It won’t. But it can be improved either by reforming the federation or by allowing Liquid nodes to peg out (same way you can force close a LN channel on your node).

True. For you as a single use the problem is not that big: there are good swap services. But globally the problem remains unsolved.

There’s so many of you good people in the feed that by the time Iβ€˜ve gone through the feed and answered/zapped everyone and everything I wanted to, something happens again and I have to scroll up and start from scratch πŸ˜‚πŸ˜«

#plebchain

It is the process of β€žburningβ€œ L-BTC held by on Liquid sidechain to release the equal amount of mainchain BTC. Currently this can be only be done by a Liquid federation member, which implies some trust in the federation.

πŸ€”πŸ€”πŸ€”

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Iβ€˜m actually not. I’m happy to see a healthy nostr reaction to an event like that πŸ˜‰

Vacation, family day, reading the Bitcoin Core reference implementation πŸ˜‚

Time & family πŸ’œπŸ€™

We can now add AIPEPE to the list πŸ˜‚

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GM Paulo! πŸ«‚πŸ’œπŸ€™

There was again some epic shit going on while you were sleeping, but this time it is a shitcoiner that got uncovered πŸ˜‚πŸ˜‚πŸ˜‚