@_BitcoinCapital@adam3us@sebp888 Nonsense. It’s easy to upgrade a centralized ledger and rollback fraudulent transactions. QC is much more dangerous for crypto because you need a decentralized community to agree on the protocol upgrade and you have exposed wallets to deal with.
@adam3us@nic_carter@dgt10011@RobbieFrazer One practical problem is that most people who self custody don’t know whether they need to move their coins, or even that they need to. How do you get the word out without causing panic and confusion? Genuinely asking, not criticizing.
@caprioleio@caprioleio I am extremely grateful to you for your courage. It’s obvious that you are bringing needed attention to the nuanced quantum threat because you actually care about bitcoin. The dismissive attitude and personal attacks from the community are disheartening.
Dismissing the Bitcoin quantum threat because “everything is vulnerable” is lazy copium. 1) It’s easy for a centralized entity to upgrade its encryption and freeze/reverse fraudulent activity. You can’t just freeze bitcoin “when it becomes necessary”. 2) The big problem for Bitcoin is the millions of btc belonging to addresses that have exposed public keys. That problem doesn’t have a tradfi analog. @caprioleio@Excellion #bitcoin #quantum
@StonkChris Counter: some stocks with cult followings are just memes, and some are unicorns like HOOD and PLTR. There will always be big drawdowns after parabolic moves, even for unicorns. There are many paths to building wealth, having strong conviction and being right is one of them.