@Boyanbc@NeilJacobs Fair critique, but increasingly outdated IMO. Taproot, Lightning & Silent Payments have meaningfully improved privacy. The transparency isn’t a flaw though. It’s what makes the ledger auditable & incorruptible. Banking, credit cards, etc. are far more susceptible to Big Brother.
@Boyanbc@NeilJacobs Not trying to convince you or anyone. I stopped with that years ago. People need to come to their own conclusions based on their own experience. But the problem still remains - the global fiat monetary system is absolutely fucked on multiple levels.
@Boyanbc@NeilJacobs Each to his own. If you have a better solution to separating money from state, protecting savings in collapsing economies, banking the unbanked, settling value across borders with no middleman, I’d genuinely love to know. BTC is far from perfect, but it’s still the best we’ve got
@Boyanbc@NeilJacobs Bitcoin hasn’t lost the plot at all. It’s just code running, largely the same since genesis. What loses the plot are the many characters who arrive with agendas and leave (or rise & fall spectacularly) when Bitcoin refuses to accommodate them. Cuban is just another example.
@yugacohler Agree that calling QC concerns FUD / psyops ignores a coming reality, but ‘just upgrade to a PQ algo’ is equally naive. PQ sigs are ~40x larger than Schnorr. Block space, fees, UTXO migration, etc. is not a trivial upgrade. Implementing the wrong solution too soon is also risky.
@JSeyff Agree that calling QC concerns FUD ignores an eventual reality, but ‘just upgrade to a PQ algorithm’ is equally naive. PQ sigs are ~40x larger than Schnorr. Block space, fees, UTXO migration, etc. is not a trivial upgrade. Implementing the wrong solution too soon is equally risky
@JSeyff Agree that calling QC concerns FUD ignores an eventual reality, but ‘just upgrade to a PQ algorithm’ is equally naive. PQ sigs are ~40x larger than Schnorr. Block space, fees, UTXO migration, etc. is not a trivial upgrade. Implementing the wrong solution too soon is equally risky
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