SyAz

currently building stuff on AI + Crypto+ Fintech | ex- @londonstockexchange and @thomsonreuters, Crypto VC.
building AI system and crypto media

[SyAz @SyAzCrypto1]

Bitcoin just got a quantum survival plan, and it can save everyone's coins except Satoshi's 1.1 million BTC worth over $70 billion, which can't be rescued.

And here's the whole story. WHY ?

The Problem:

→ Every time you spend bitcoin, your public key gets exposed on-chain, forever which is a feature in itself
→ But a strong enough quantum computer can crack exposed keys and drain those wallets
→ Current estimates, 34% of all bitcoin roughly $420B, which is 6.5M BTC sits exposed today
→ Attackers can collect keys now and crack them later & you might not even know the attack happened

The fix, BIP-361 proposal (drafted by @lopp and 5 co-authors, live on Bitcoin's github).

Think of this as condemning a building in two steps.

→ Step one 3 years in: old vulnerable addresses stop accepting deposits. You can still move coins OUT to new quantum-safe addresses, but nothing new goes IN so the at-risk pile stops growing
→ Step two 5 years in: moving old coins now needs an extra proof that you're the real owner, because by then a quantum attacker with your cracked key looks exactly like you
→ Can't produce the proof, or never migrated? your coins are stuck & that's the freeze

And the rescue tool, just unveiled by @projecteleven, answers the obvious question, how do you prove you're the real owner and not a quantum thief ?

→ Your seed phrase, the 12 or 24 words, sits above your keys, and quantum computers can't crack it
→ The tool lets you mathematically prove "I know this wallet's seed" without ever revealing it. Real owner passes, attacker fails
→ Runs in a quarter of a second on a laptop, and covers basically every seed-phrase wallet, which is everything made since 2012

But Why Satoshi's coins are the exception ?

→ Satoshi's coins were mined in 2009, before seed phrases existed
→ Every key was generated independently, there's no seed for the proof to verify
→ Nothing to prove, nothing to rescue. Same for many of bitcoin's oldest dormant or OG wallets here

So every modern holder can migrate but the oldest stack in existence can't. So that leaves one choice, freeze Satoshi's coins forever or leave them as a $70B bounty for whoever builds the quantum computer first.

And here's the part that gets me. The proposal quotes Satoshi himself to justify it "lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone"

So they're using the man's own words to freeze his coins.

Though this is still a draft with no activation date & rescue tool are audited. But this is the biggest debate bitcoin has had since the blocksize wars, and very few are noticing it.

https://t.co/SGtefmVYYQ

[SyAz @SyAzCrypto1]

@AJEnglish the current BJP govt only endorses rapist and rape culture in their party and 90pct of the BJP is made up of criminals and goons who have zero regard for law and order... so the mindset amongst the general population is the same

[SyAz @SyAzCrypto1]

@devchart israel is getting desperate... planned for false flag ops and cover up with Russian/Ukrainian pilots plots.. they have pulled this off with hamas in gaza and sample playbook on iran now

[SyAz @SyAzCrypto1]

@MarioNawfal suspect this was a deliberate plan by Netanyahu to crash the flight and blame Iran and intensify the war... only Israel is capable of such unscruples and heinous things

[SyAz @SyAzCrypto1]

@realkenchigbo @E8Markets GOLD

[SyAz @SyAzCrypto1]

Muslims ruled India for 700years and never did any injustice to any Indians be of any faith but now the right wing BJP sanghi hindus are in power for 12years and have destroyed the whole secular fabric and unity of India and are selectively targeting the Muslims to appease the hindus

[SyAz @SyAzCrypto1]

@surep0909 @AJEnglish spoken like a sanghi chap who eats gobar and drinks gau mutr and uses foul language to degrade others when exposed... no wonder the brahmins termed u shudras.. untouchable then and uninformed now..

[SyAz @SyAzCrypto1]

@surep0909 @AJEnglish the only people who looted India is the brahmanvad by way of chadawa and daan peti culture and even till today they are doing so.. ever asked why would the bhagwan require your money ?
https://t.co/vZ7joGd42s

[Ritu #सत्यसाधक @RituRathaur]

Absolutely #shocking expose on the Ram Mandir Robbery case!

Accountant Mahipal Singh has reportedly submitted proofs of 2200 cr scam in the Ram Mandir construction
Actual cost of construction: Rs 800 cr

Amount spent by RSS controlled mandir trust : Rs 2200 crore

1400 crore excess amount was spent.. !!

Means there were massive kick backs to trust members ??

And remember most of the construction work was given to Mslms by rss trust monitored by PMO.

Chanda chors looted Ram mandir devoteees !

[SyAz @SyAzCrypto1]

@surep0909 @AJEnglish still better than the lying godi media channel supported & funded by shaka educated sanghi chap

[Eleanor Terrett @EleanorTerrett]

🚨NEW: The @SECGov just updated its crypto FAQ on token buybacks to add a stipulation that if there is no central party behind those token buybacks, then this arrangement likely does not constitute an investment contract.

It comes following comments from @a16zcrypto General Counsel and Head of Policy @milesjennings last week that the prior wording could “empower an issuer to announce the buyback program without that announcement then creating an investment contract.”

[SyAz @SyAzCrypto1]

@yashuuuuxxx Lmao, mandirs are pure brahmanic business model to keep their purse flowing by opressing the innocent and non knowledgable folks

[SyAz @SyAzCrypto1]

@waleswoosh man thats why its more pvp and people realize it

[SyAz @SyAzCrypto1]

@SumeetR06987422 @AJEnglish That's why you will always eat gobar and drink gaumutr and remain the brain rot andh bhakt

[SyAz @SyAzCrypto1]

@binance is CZ in bed with trump and crimed 10/10 to directly benefit the trump family ?

[SyAz @SyAzCrypto1]

@goodalexander long but great post

[SyAz @SyAzCrypto1]

@realkenchigbo GOLD

[SyAz @SyAzCrypto1]

@realkenchigbo Fantastic macro take Ken

[SyAz @SyAzCrypto1]

@ItsEasypop King move to settle someone's life in one-shot. Hope this is not his alt-account

[SyAz @SyAzCrypto1]

@ramonos shit is going down, the KOLs are the nw mainstream news media for crypto - you do exactly opposite of what they say