ADAM BACK JUST ABSOLUTELY DESTROYED #BITCOIN QUANTUM FUD LIVE ON BLOOMBERG
QUANTUM COMPUTERS ARE "EXTREMELY BASIC"
WE STILL HAVE "A DECADE" TO PREPARE
DON'T BELIEVE THE FUD. HODL 🚀
quantum hypers don't have to agree with quantum realists on timeline, as there is strong value in providing a step-up sequence of PQ readiness for bitcoin users, so they have a long migration time. it also makes it more plausible to deprecate unmigrated ECDSA/schnorr signatures.
A few thoughts on quantum:
The debate around "if" vs "when" a CRQC comes to market is a fruitless one. You won't convince either side to switch, because there is little observable progress, and the risk is there may not be until its too late.
The risk a CRQC comes to market is existential if Bitcoin doesn't have a credible plan of action. Risk is probability x consequence, and even if the probability is low, the consequence is 100%. Thus any sane actor should see developing a plan as worth the effort.
Arguments that Bitcoin devs are doing nothing appear to be false. Arguments that 'we're all good, do nothing' are also mistaken. Reality is in between, it's a solveable issue, folks are working on it, AND we do NOT have a credible plan yet.
Rushing PQ-cryptography is a massive risk, and is the wrong approach.
Not developing a credible set of BIPs, is also a mistake.
Coinbase and Nic absolutely have an incentive...to protect their bags and business models, which are massively long Bitcoin. They may also have incentives which are misaligned with Bitcoin, and yet that still doesn't disqualify their opinions. Coinbase has millions of BTC folks, they are the 'longest' entity in the world. Question them yes, but assuming pure malice without considering that they are capitalists looking after their interests, is frankly retarded.
I'm a Bitcoiner who is massively long the asset (holdings and business), and I try my best to adopt a reasonable middle ground opinion of things.
The two extremes of 'emergency' and 'no problem' are both wrong, because they do not understand the simple equation of risk = probability x consequence.
I fully support the development of PQ BIPs for Bitcoin. I very much look forward to learning about the proposals, discussing the trade-offs, and doing what little I can to form consensus, and parse the complexities.
Having a plan, and not needing it, is far better than needing a plan, and not having one.
The truth is in the middle, and there is little benefit to debating in the quagmire of 'will-it, won't it' ever show up.
A CRQC may never show up. In that case, the plan stays in the BIP repo as copy and unmerged, but fully reviewed code.
What is a totally fucked result, is if we assume a CRQC won't show up, and then it does.
Don't fuck this up, the middle ground is the correct path to walk.
Probability x Consequence.
Small number x 100% loss == take it seriously.
US🇺🇸 ground attack aircraft land at UK🇬🇧 base
12 x A-10C Thunderbolt IIs are spotted at RAF Lakenheath
Starmer declares the war on Iran is ‘not our war’ in public, and in private, allows US warplanes used in a war of aggression in breach of Article 51, to land at UK bases.
More daily lying from the charisma vacuum.
@RothLindberg is this the original footage? It'd be easy to take real footage and then introduce AI artifacts into it.....using AI. There needs to be a way to authenticate content
Only 1 country in the Middle East has nukes (it's not Iran)
Just before Israel & US attacked Iran there was an earthquake near Israel's Dimona nuclear plant.
Did Israel test their nuclear weapons?
Israel is the REAL threat to the Middle East and world:
@mtracey Do you think he *was* a pedophile though, even if not convicted?
Evidence submitted in relation to a SUBPOENA is pretty damning. See page 229 https://t.co/SYOXuhjmDG
@mtracey Do you think he *was* a pedophile though, even if not convicted?
Evidence submitted in relation to a SUBPOENA is pretty damning. See page 229 https://t.co/SYOXuhjmDG
@PeterSchiff@Vivek4real_ One reason to remain bullish on bitcoin is how obviously you treat it as a real threat to gold. Your critiques are more propaganda than substance. You take every opportunity to remind us how relevant you consider it to be.