Slowly draining and minting coins $cell @naeper because they know its illegal to completely rug the value right away. Justice and RIP for a friend who died because of this person @naeper
BTC cannot support MASS self-custody:
If everyone in the world did only one BTC TX, the queue would be over 37 years long!
The math is undeniable:
(Block size (1.66MB)/Transaction size (P2PKH) (374B)) / Block time (10M) = TPS (7.75). 8B (Users) / 217M (Yearly TXs) = 37 years!
@bitfinex@paoloardoino@CRYPTO101Pod@neha 5/n
In a nutshell.
1..
Bitcoin guys are not stupid ppl, meantime they're not expertised with quantum-safe.
2,
That someone holds quantum competence but takes no action does NOT guarantee bitcoin.
3,
Bitcoin can NOT be state reserve.
🔬 Stanford built a light trap that could scale quantum computers to one million qubits..
A miniature optical cavity capturing light from single atoms. Each atom becomes a qubit. Stack enough cavities and the size barrier that has held quantum computing back for 30 years disappears.
The hardware problem just became an engineering problem. Those get solved...!!