Saw some people panicking or asking about quantum computing's impact on crypto.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.
Let me make this very clear: Big Banks (think JPMorgan Chase, Bank of America, Wells Fargo, etc.) are lobbying overtime to block Americans from getting higher yields on their savings—while trying to block any rewards or perks from being given to customers.
These banks, and others, pay rock-bottom rates on standard savings (often 0.01%–0.05% APY), even as the Fed pays them 4% or more. This massive spread fuels record profits, with almost none passed back to their customers / everyday depositors.
Today, the banks are desperately targeting crypto/stablecoins, where platforms plan to offer 4–5%+ yields or rewards. The ABA and other lobbyists are spending millions trying to ban or restrict those yields via bills like the Clarity Act, crying “fairness” and using words like "stability"—when it's really about protecting their low-rate monopoly and preventing deposit flight. This is anti-retail, anti-consumer, and straight-up anti-American.
Next time you see a big bank dropping billions on a shiny new Midtown Manhattan HQ, you know exactly where that money comes from: the non-existent interest rate they “pay” you!
Fortunately, the big banks are losing this fight as customers wake up to the games…
@worldlibertyfi
In typical Trump style the attack on Iran happened after markets closed for the week and the majority of the execution happened over the weekend where markets were closed.
Khamenei is now eliminated and the Iranian regime is in pieces.
Markets should fly this week.
Maybe even crypto..
Let me translate this statement from @SecScottBessent
China is banning Bitcoin but letting its citizens buy gold.
Gold is a controllable safe heaven.
Bitcoin is not.
If you think Bitcoin is dead, you are an idiot.
So much higher
We've set up an independent advisory board on quantum computing and blockchain.
Security is our highest priority at Coinbase. Preparing for future threats, even those many years away, is crucial for our industry.
Quantum computers could have implications for blockchain/crypto. It's important we're thinking these through and preparing where necessary.
We are honored to bring together some of the most distinguished researchers in quantum computing, cryptography, consensus, and blockchain systems to ensure this is being properly considered.
Financial access matters far more than crypto skeptics who have only lived in the U.S. realize.
96% of the world population doesn’t live in the U.S., and many have a high demand for the dollar but can’t open dollar-denominated accounts.
With stablecoins, anyone with a smartphone can get access to dollars and can send them anywhere, instantly for less than one cent.
We need more rugged individualism, not less.
Build on the frontier. Be independent. Decentralize power. Accelerate civilizational progress. Celebrate economic freedom.