Saw some people panicking or asking about quantum computing's impact on crypto.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.
The RON buybacks have removed 1.5% of all $RON from supply and are now finished for the moment.
Controlling supply will be so important from now on.
How do we know this?
Well, RON bottomed at around a 25 M USD market cap back in 2022.
The current market cap is 236 M.
This means that there's about 10x the amount of capital allocated to RON since the bottom, yet price is not up 10x.
The good news is that as Ronin enters it's 5th year, the unlocks and inflation rate are set to dramatically drop from this point forward.