VIRES

Energy-Monetary Frontier

[jack @jack]

lightning on x402

[QuantumAnalysis @Qtumanalysis]

A THIRD OF ALL BITCOIN IS SITTING IN ADDRESSES A QUANTUM COMPUTER COULD DRAIN.

Roughly 6.9 million BTC sit in addresses vulnerable to a cryptographically relevant quantum computer, about 2.3 million are Satoshi-era or presumed lost, so nobody can move them at all.

The fix exists, NIST already standardized post quantum algorithms, but Bitcoin can't push an update the way Apple re-encrypted a billion iPhones. Every holder moves their own coins, every wallet has to support it, and bigger signatures mean fewer transactions per block.

Under calm conditions the math works, 25% of block space moves 90% of the at risk value in four days. Calm ends the moment the threat is visible, and an attacker wouldn't announce the machine, they'd start with the dormant coins. Leave 2.3 million unmovable coins for a quantum computer to eventually spend, or freeze them by rewriting Bitcoin's rules, the one thing it promised never to do. The cryptography is solved, the coordination isn't.

$BTC $IONQ $INFQ

[Swan @Swan]

Satoshi listed his birthday as April 5, 1975.

April 5, 1933: FDR signed Executive Order 6102, ordering Americans to turn in most of their gold.

1975: the first full year Americans could legally own gold again.

[Paolo Ardoino 🤖 @paoloardoino]

USDT on Bitcoin. It's coming home

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: Researchers propose framework for private transfers on Bitcoin without a need for a soft fork 👀

[François Chollet @fchollet]

One of the most worrying risks linked to frontier AI is extreme power concentration.

The only way to avoid extreme power concentration is to ensure we have multiple independent providers of frontier AI models, including open-source options.

[Terence Michael @ProofOfMoney]

There's a new $70 million dollar film titled, "BITCOIN," that is in postproduction.

Gal Gadot, Casey Affleck, Pete Davidson, Isla Fisher.

Good news and Bad News:

Good news first:

This will put Bitcoin front-and-center with major stars in a an actual, "big" movie (not just a documentary).

Doug Liman directs.
He did The Bourne Identity, Mr. & Mrs. Smith, The Edge of Tomorrow, and even Swingers (when I met him).

He's incredible. I expect the direction (so meaning the acting) will be exceptional. Top-notch.

This might be one of the first AI films but where all of the acting and performances are 100% actors.

Meaning, they saved money on sets and lighting by filming in an empty warehouse, theater style. A.I. creates the environments.

This would have been a $200 million+ movie otherwise.

Okay now BAD NEWS:

This film is the Craig Wright story!

Gal Gadot plays a journalist who is hired by Pete Davidson (playing crypto investor Calvin Ayre) to investigate Casey Affleck (playing Craig Wright).

If you're newer to Bitcoin and have been hiding under a rock, you may have missed that Craig Wright claimed he was Satoshi Nakamoto 🤣🤡

This went to court where the evidence was overwhelming that he defrauded and lied to the court with an abundance of forged documents.

He was suing both Peter McCormack and Magnus Granath (Hodlonaut) for years, simply for claiming he was not Satoshi.

In short, the court declared Craig was not Satoshi, did not write the Bitcoin white paper, and did not code any of its software.

Based on the film's premise, the movie is going to skew toward Craig Wright being Satoshi. How could he not be Satoshi if a coalition of tech billionaires, governments, and crypto organizations spent hundreds of millions just to discredit him? That will be the narrative.

A.I. versions of Mark Zuckerberg, Jeff Bezos, and Jack Dorsey appear in the film.

So if Bitcoiners were expecting a balanced or honest portrayal of Bitcoin's beginnings... this isn't it.

And I get why as a story-teller. If you set Bitcoin aside, it's a compelling narrative to focus on the misunderstood "genius" who gave the world perfect money but no one will believe him.

Yet, Bitcoiners know this is flat out false.

Oh... on top of all of this, the film is partially financed by... (drumroll)... Calvin Ayre! Calvin has been Craig Wright's main benefactor over the years and the most prominent supporter/promoter of Craig as Satoshi.

So although a huge budget with A-list stars... it's really an indie movie made by Calvin Ayre about Craig Wright.

As of this post there's no major domestic distributor outside of some international sales.

I expect it to be a good film from a filmmaking aspect. But I'm bummed that the first big Bitcoin film, and with the title, "BITCOIN," might confuse newcomers on its history.

There's always hope it gets other aspects of Bitcoin right (not Wright).

[Willy Woo @willywoo]

BTC ownership by country.

4.5 - 6% global adoption.

[Bitcoin Archive @BitcoinArchive]

Bitcoin 'banking adoption index' hits 32% — Michael Saylor's Strategy 👀

Only a few institutions actively allocating.

It's a start, but shows how early we are!

[Bitcoin @Bitcoin]

bitcoin:native

[Blockstream @Blockstream]

If Bitcoin had to choose a lattice signature today, it would be Falcon-1024.

@blksresearch has published a full report on Dilithium, Falcon and Hawk: what each costs on-chain, how hard each is to implement safely, and which assumptions you are trusting.

https://t.co/7hlkC0gPZt

[Rootstock @rootstock_io]

On this day in 2008, https://t.co/4CckfafbLz was registered, 74 days before the Bitcoin whitepaper was published.

Satoshi’s name never appeared on the registration, and the domain was registered through AnonymousSpeech, a Japanese service specifically designed to keep domain owners anonymous.

Even the payment trail could be obscured: AnonymousSpeech accepted cash sent by mail, MoneyGram, or a transfer to a Swiss bank account. It's not known which method Satoshi used.

Before anyone knew what Bitcoin was, its creator was already taking steps to remain anonymous.

[VIRES @viresnexus]

@arkade_os ₿ullish...

[VIRES @viresnexus]

@bitkitwallet Daniel Krawisz introduced it in his essay “Hyperbitcoinization”... published March 29, 2014... described it as Bitcoin-induced currency demonetization...

[Bitcoin Security Consortium @BTCconsortium]

40+ organizations across Bitcoin and open-source security including Consortium members Anchorage Digital, ARK Invest, Block, Blockstream, Coinbase, Galaxy, and Strategy called on frontier AI labs to give qualified defenders early access to their strongest cyber-capable models.

[VIRES @viresnexus]

@Boltzhq Thank you for your service!

[Bitcoin @Bitcoin]

$64,030.73

#Bitcoin

[Tim Draper @TimDraper]

First they’ll say, “We accept Bitcoin.”

Then they’ll say, “We only accept Bitcoin.”

Then there will be a run on the banks.

Then the world as we know it will fundamentally change forever as Bitcoin goes infinite against the US dollar.

[Michael Saylor @saylor]

“Bitcoin is economic freedom for generations to come.” — Sir David Khalili

[Bitcoin Magazine @BitcoinMagazine]

16 years ago today, Satoshi Nakamoto said: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

Today, Bitcoin is now a global currency and store of value ✨