Blaster

Plan ₿

[Blaster @bitblaster92]

@btc @tetherwallet @tether [email protected]

[Blaster @bitblaster92]

@real_vijay That is very different compared to the optics of Bitcoin’s cryptography literally being broken and coins being stolen

Doesn’t matter what any of us think, a chain split is likely and the more valuable chain is the one without 15% of the supply at risk. That is the winner. Simple

[Rex Zhou @rexzh0u]

You are totally wrong about Post-Quantum Bitcoin.

They tell you to be afraid. They tell you that quantum computers are the end of Bitcoin. They tell you that one day, a machine will crack the code, steal the keys, and send the price to zero.

They are lying. Or rather, they are too mid to see the board.

Quantum computing isn't the death of Bitcoin. It is the catalyst for the most violent, face-melting supply shock in human history. It is the moment we finally scrub the ledger clean.

Here is the reality they don't want to talk about.

First, let’s kill the FUD. The argument goes: "Shor’s Algorithm will crack elliptic curve cryptography (ECDSA), allowing a quantum computer to derive your private key from your public key."

Technically true. Practically irrelevant for you. The faster the quantum computing develops, the earlier we will reach the post-quantum consensus.

Most of your public keys are not on the blockchain. It is hashed. It is hidden behind SHA-256. A quantum computer is a beast at factoring large numbers, but it is useless at reversing a hash function. As long as you haven't reused an address (don't be lazy), you are invisible to the machine. You are safe. And you can move your bitcoin to post-quantum addresses sooner than you think.

But you know who isn't safe? The ghosts P2PK.

In 2009, Satoshi didn't use P2PKH. He used P2PK (Pay to Public Key). In those early blocks, the public keys were not hashed. They were pasted directly onto the blockchain. Naked. Exposed.

This includes the "Patoshi Pattern" - the estimated 1.1 million BTC mined by Satoshi himself. It includes the early miners who lost their hard drives in landfills. It includes the zombies.

There are roughly 3 to 4 million Bitcoin sitting in these vulnerable, legacy addresses. They are the "lost coins" we all talk about. Right now, we assume they are gone forever. But on Q-Day, they wake up.

Picture the scenario. Google or IBM announces a stable, fault-tolerant Quantum Computer. A thief could theoretically sweep those 1.1 million Satoshi coins and market-dump them. Do you think the network is going to sit there and let that happen? Do you think miners, nodes, BlackRock, Strategy, and the millions of plebs are going to watch their net worth evaporate because of a ghost from 2009?

Zero chance. The "Ossification" debate ends instantly. The consensus will be ruthless.

Give bip360 a read, P2QRH, it's elegantly built on top of the P2TR, with only disabling the vulnerable script path while keeping all the battle tested security and infrastructure based on P2TR.

Active users - you, me, the exchanges - will sign a transaction and move our stack to the new format. Easy. But the dead cannot sign. Satoshi cannot sign. The lost keys cannot sign.

So what happens at Block Height X? We sunset the old legacy addresses. We cut off the limb to save the body. The network stops recognizing the old P2PK signature scheme.

In that split second, the "lost" coins go from "effectively lost" to mathematically destroyed. They are burned. Deleted from the ledger. Gone.

Do the math. Total Supply: 21,000,000. Minus Satoshi’s Stash: 1,100,000. Minus Early Lost Coins: ~2,500,000.

On the day the upgrade goes live, the Max Supply of Bitcoin doesn't stay at 21M. It drops to 17M. Or 16M.

Instantaneously. Permanently.

Stop fearing the tech. Fear is for people who don't understand incentives. The incentives here are aligned for survival, and survival requires the burn.

The Quantum "Threat" is actually the final hardening of the asset. It is the fire that burns away the dead wood, leaving only the hardest, most scarce money the universe has ever seen.

"The software would be programmed to start using a new hash after a certain block number. Everyone would have to upgrade by that time. The software could save the new hash of all the old blocks to make sure a different block with the same old hash can’t be used." - Satoshi

"Lost coins only make everyone else's coins slightly more valuable. Think of it as a donation to everyone." - Satoshi

Bring on Q-Day. I want the upgrade. I want the supply shock. I want the burn.

Q-day to quadrillions.

[Blaster @bitblaster92]

@_Checkmatey_ @uxcxdx BIP360 made great progress this year, just little media coverage! Removes risk of a quantum computer cracking a private key after migrating

Post-quantum sigs are being designed too thanks to the work on CISA and OP_CIV by @tdryja. BTC will be ready 👍

https://t.co/rAnN9CWTho

[Blaster @bitblaster92]

@_Checkmatey_ @uxcxdx It is though. Miners (actual consensus) are economically rational, so consider which retains more value hence retains their support?

A) A chain with 10-15% of its coins at risk of theft
B) A chain without 10-15% of its coins at risk of theft

Migrate on time or be left behind

[Blaster @bitblaster92]

@_Checkmatey_ Likely that we’ll follow a well-publicized flag day for disallowing ECC. Have a read:

https://t.co/tyzTCqLrve

[Jameson Lopp @lopp]

Today we publish a Bitcoin Improvement Proposal addressing incentive & safety issues for migrating the ecosystem to post quantum cryptography.

BIP timeframes are relative to a future point at which quantum computers are deemed a significant threat.

https://t.co/xUuig5YWNE

[Blaster @bitblaster92]

@theinstagibbs Lel

[Blaster @bitblaster92]

@rodpalmerhodl Another psyop from big alden to make her look more female in each post. Not buying it

[Blaster @bitblaster92]

@ceterispar1bus Yeah a split is inevitable and the winning chain will have a max supply of around ~17m coins

Years away, but incentives are aligned around this outcome

https://t.co/FErckHi772

[Blaster @bitblaster92]

Which chain is more valuable?

1) Chain which has no risk of 15% of network tokens being stolen

2) Chain which has high risk of 15% of network tokens being stolen

We are forever indebted to you, Satoshi, but we are forking off your coins bro.

[Blaster @bitblaster92]

@TheBlueMatt @glozow ❤️

[Blaster @bitblaster92]

@justh0dl @Vikingobitcoin9 Yea I agree forced sellers play into 4y cycle becoming self fulfilling but also there may be a blowup of similar magnitude literally ongoing right now😂

11 figs of spot selling and still nobody knows shit about fuck? At least we knew who it was last time around lol

[Blaster @bitblaster92]

@Vikingobitcoin9 @justh0dl Lol real

[Blaster @bitblaster92]

@vancemurphy Bitcoin

[Blaster @bitblaster92]

@denverbitcoin Hmmm wouldn’t u expect hashrate to be down more than the 2% it is now, since the last difficulty adjustment?

[Blaster @bitblaster92]

Which chain is more valuable?

1) Chain which has no risk of 15% of network tokens being stolen

2) Chain which has high risk of 15% of network tokens being stolen

We are forever indebted to you, Satoshi, but we are forking off your coins bro.

[Blaster @bitblaster92]

@gammichan pretty much confirmed there was a blowup of some sort right? only other time we’ve had price agnostic spot selling like this was luna, 3ac, fox

[Blaster @bitblaster92]

Every cycle people find new reasons to not buy bitcoin and chase something shinier. The latest quantum fud is not new. Setups like these are necessary to surprise those underweight the most important asset on the planet

[Blaster @bitblaster92]

Mister pleb, wouldn’t you like to make your own coins more valuable?

[Blaster @bitblaster92]

“If the average person can’t figure out how to keep their coins safe, then maybe they don’t belong in Bitcoin yet. Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone else.”

The incentive is too strong to not fork off P2Pk coins.

[Blaster @bitblaster92]

@R89Capital What happens when market prices in quantum mitigation? Good that some are becoming aware of its priority, but few are informed on mitigation (BIP360, CISA/OP_CIV). BTC Will be quantum resistant by 2027

Also 5-15% decrease in supply from coins not migrated from ECC by flag day..