a majority of bitcoin would be 10.5 million which is impossible to own so this statement is really just rhetoric and has no basis in reality.
I'll take things that didn't happen for $1000 alex
coldcard is hands down the best device i've used, and i've used a bunch of them. coldcard-Mk4
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you have something essential to share with me? lol. fuck yourself
Very few. They will fine curated and censored platforms that prevent anyone from disagreeing with them, exactly how they like it. Nostr is not a platform that would interest a modern leftist at all
#SEC Commissioner Hester Peirce is open to reconsidering in-kind redemptions for the spot #bitcoin ETFs.
I’d very much like to see in-kind redemptions happen, as #btc belongs in the wild, not caged in a Wall Street zoo.
My latest for nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu.
https://bitcoinmagazine.com/takes/we-need-in-kind-redemptions-for-the-spot-bitcoin-etfs
yes that would be an improvement. It will happen in time.
Layer 2 and coin mixing are two effective ways to preserve privacy in Bitcoin, if that's what you need.
I mortgaged mine in 2017 to buy bitcoin
Much FUD lately on #bitcoin world from #quantum computing crying babies. Simple query to perplexity (hopefully is not too far from accurate) gives a firm answer and hints that we’re decades away from it being even considered a threat at all:
“
A 100-qubit quantum computer would not be able to find Satoshi's private keys in a practical timeframe. While 100 qubits is a significant milestone in quantum computing, it's not nearly enough to break Bitcoin's cryptography.
To break Bitcoin's elliptic curve cryptography, which protects private keys, would require a quantum computer with thousands or even millions of high-quality, error-corrected qubits. Current estimates suggest that factoring a 2048-bit RSA key (comparable to breaking Bitcoin's security) would require about 20 million "reasonably good" physical qubits and take about 8 hours[4].
It's important to note that the 100-qubit systems being developed, like the one planned by QuTech in Europe by 2026[8], are primarily intended for research, quantum simulations, and developing quantum algorithms. They are not yet capable of running complex cryptographic attacks.
Furthermore, the qubits in current quantum computers are noisy and error-prone. To perform reliable computations, many physical qubits are needed to create a single logical qubit through quantum error correction. For example, it might take hundreds or thousands of physical qubits to create one reliable logical qubit[6].
In summary, while a 100-qubit quantum computer is an impressive achievement, it's still far from being able to break Bitcoin's cryptography or find Satoshi's private keys. Such a task would require a much larger and more advanced quantum computer that is not expected to be available for many years, possibly decades.
Citations:
[1] https://thenextweb.com/news/heres-why-100-qubit-quantum-computers-could-change-everything
[3] https://www.ibm.com/quantum/blog/100-qubit-utility
[4] https://quantumcomputingforbusiness.com/essentials/timelines/
[5] https://blog.google/technology/research/google-willow-quantum-chip/
[8] https://physicsworld.com/a/europe-plans-to-build-100-qubit-quantum-computer-by-2026/
“
Yes. Thanks for point all this out. A functional quantum computer would be among the most closely guarded secrets of any military. We wouldn't know about it for decades.
A public company talking publicly about it's progress tells you they are making none. It's just a marketing ploy to drive investment into ABC or whatever other corporation is looking for capital.
price would go up and people would move bitcoin to exchanges to sell
They are correct, the 21 million is not guaranteed. As far as "even more control" they have no control whatsoever over the bitcoin network. It's proof of work, holders have no say.
why will they "obviously" propose a fork with adjusted supply? Talk about wild conjecture and speculation....
who the hell has more money to buy bitcoin?
https://arxiv.org/html/2410.16965v1
This is my last post in this thread. I'm not going to continue trying to have a good-faith, civil discussion with someone who has done nothing but make baseless assumptions about me, and engage in insulting commentary. You're clearly a self-important asshole, and I have no patience for people like you. You are beneath me and not worth my time. And you're blocked so you might as well just kick rocks.
Good faith? You claim to be involved in Bitcoin since 2011 which is almost certainly a lie. Nothing that you've said is good faith, it's just hyperbolic panic over something you don't really understand. I was trying to help you understand that better but your fear has blinded you.
You should sell your bitcoin now because there is a 0% chance the algorithms will be swapped out for a quantum resistant anytime soon.
El Salvador to Scale Back Bitcoin Efforts Under $1.4 Billion IMF Deal
https://decrypt.co/297722/el-salvador-to-scale-back-bitcoin-efforts-under-1-4-billion-imf-deal
#ElSalvador #Bitcoin #IMF
Wonder how Max is going to spin this one.
Yes, it's just FUD. If companies are publicly talking about their quantum computing progress it means they are making none. A functional programmable quantum computer would be among the most highly classified weapons the military has and we would not know about it for decades.
quantum computing, if it's actually possible to build, and I'm quite skeptical about that, would pose an existential threat to all encrypted communication. It would be among the most closely guarded secrets that any military has. The fact that public companies are advertising how much progress they're making is proof that they are making none.
If a programmable quantum computer exists you will not know about it for decades because it will be used in secret and bitcoin will be the least of our problems.
I only know you from what you say. Clearly you're uninformed about the progress toward cold fusion.
For someone involved in bitcoin, allegedly, since 2011 you seem woefully unaware of the work that has been done on quantum resistant addresses and mining in Bitcoin.
You also seem unaware of what would be required to do such an upgrade. You say something quite naïve like "it might be painful at first". How exactly do you propose we change the mining algorithm out on a running blockchain? Just tell the global mining community to throw away their asics and start building new chips that run a quantum resistant algorithm?
You sound like a guy who read some media hype headlines about quantum computers, got scared, and ran to twitter to create a moment to "make bitcoin quantum resistant" with little to no understanding of the work that has been done so far nor the practical implications of doing so
It sounds like you have insufficient information about both quantum computing as well as cold fusion. Stop reading media headlines.
it's going to be the Treasury that holds the bitcoin, not the fed. We don't want the fed to hold it.