In case you need a 30-second primer on quantum computers (and why they matter for Bitcoin):
1️⃣ Quantum computers will eventually break all classical cryptography including banking, secure messaging, and every blockchain. 💥
2️⃣ Don’t take my word for it - ask ChatGPT, Claude, Grok, or Google. 🧠
3️⃣ It’s not the end of the world: post-quantum cryptography (PQC) already exists. ☢️
4️⃣ The timeline matters - progress is accelerating, and experts now estimate quantum break capability around 2030–2035. ⏳
5️⃣ There are steps you can take now. I’ve outlined everything here ⚛️ → https://t.co/DE2bUhcG5B
🔁 Share this with someone who still thinks “quantum” is sci-fi 👽
A US Senator can't get her facts right, in a public post about a person's charge. There were NO money laundering changes.
The same Senator declared "war on crypto", on public TV, 5 days before my sentencing, during the Biden Admin.
Need a better example of weaponization of "Biden's DOJ" against crypto?
If a Degen falls in a levered forest, does it even make a sound?
6 takeaways from the crypto crash:
1) This was largely a technical, or mechanical flash crash, and not a fundamental crash. Typically much faster recoveries from technical crashes.
2) This is not the exchanges’ fault. This is not the market makers’ fault. In fact, it’s nobody’s fault. It’s simply a giant misunderstanding of how levered markets work. Crypto trades more like HY bonds than equities, and HY bonds don't have a lot of leverage for good reason.
3) Just because you're delta-neutral doesn't mean you're "low risk". Counterparty risk and collateral risk using leverage is always prevalent even if you have reduced directional price risk.
4) Retail did not get hurt here -- it was mostly professionals and semi-pros that got hurt
5) The blockchain and protocols themselves worked fine (as they usually do). Don't blame the technology for the crappy assets that are being traded on the technology rails.
6) There are solutions to the structural flaws in crypto trading -- but there are pros and cons to these tradeoffs
In short: Too much leverage on volatile assets with poor liquidity & untrustworthy price oracles on volatile collateral assets that probably shouldn't be used as collateral.
Read the full post-mortem here https://t.co/e9kRpJOrj2
@zerohedge True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
It’s Uptober. 📈
Bitcoin has a habit of going wild this month… so let’s make it interesting.
Guess the Bitfinex BTC/USD closing price on Oct 31.
Closest guess wins $1,000 in BTC.
How to enter?
1️⃣ Follow us
2️⃣ Retweet
3️⃣ Drop your guess below
Digital ID comes first because it builds the cage.
Digital currency comes after because it locks the door.
Without Digital ID, they can’t track you.
Without CBDC, they can’t control you.
Together, it’s checkmate.
This is why they always roll out ID before money, you don’t give prisoners the keys before the bars are up.
On Oct 14, EU governments are slated to vote on 'Chat Control.' The pitch is child protection. The reality is scanning everyone’s private messages and weakening end to end encryption. / A thread
From 2010 until 2022, Bitcoin used spam filters to keep garbage out of the chain. Despite that, the blockchain has grown far faster than technology can keep up with.
In 2022, the "Inscription" exploit was discovered, and we now have 2 full years of its damage to observe. Anyone who has synced a node recently can attest to how terrible it's gotten.
Bitcoin's greatest threat to survival is that far too few people are using a full node. For Bitcoin to work, at least 85% of economic activity needs to do so. As a result, Bitcoin is _likely_ going to fail already - it's an uphill struggle.
What do you think will happen now that Core is opening the floodgates to spam, and essentially endorsing it? (No matter what they say, that's how spammers will take it.) Any chance we have of making Bitcoin a success will go out the window - unless the community takes a clear stand and rejects the change.
@LukeDashjr@LukeDashjr it should exist an "easier" way to run a full node. Most of the plebs want to run a full node, but is way too technical for the big majority of the plebs. Not everyone has a spare PC *only* to run a full Bitcoin Node. I really think the solution is on that.
Crazy chart. Despite the meteoric rise of BSA-mandated reporting, money laundering convictions have been flat over 25 years.
The AML/KYC panopticon doesn't work. It's a broken system that doesn't actually deter money laundering.
Infuriating that people defend this system.