BitcoinStu

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npub1uavkq2z6vqczd772ple0p0k44ncjcxv5lg4sq6r069aagvra47uq2dx9cn

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nprofile1qqswwktq9pdxqvpxl09qluhshm26eufvrx2052cqdphaz775xp76lwqpp4mhxue69uhkummn9ekx7mqn9556w

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nos.lol

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npub1uavkq2z6vqczd772ple0p0k44ncjcxv5lg4sq6r069aagvra47uq2dx9cn

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Last Notes

2025-01-29 05:59:59 UTC

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3.5% interest? Inflation is more like 8%. You need to do something with that money or your daughter will have a pile of nothing when she's older.
Yes. The solution is to Buy Bitcoin.

2025-01-10 05:50:22 UTC

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low time preference is life changing.

2025-01-09 16:06:40 UTC

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There are a lot of good banks, actually. Most commercial banks have good intentions, certainly most credit unions do. But they are often forced by regulators to be bad actors. They are literally forced to fractionally reserve, even if they don't want to.
It's the government regulation and the central banks that are the problem. Banks, absent corrupt regulation, are perfectly reasonable institutions that supply credit and charge a premium for it. This is important for growth and development. It's a way of combining capital with innovative people and their ideas.
Banking is not evil. US banking regulation is evil. And central bankers are evil.
A central bank is a bank that lends money to a government at interest. This is predator, immoral, and should be prevented at all costs. This was a fight going back to the revolutionary war in the US, but sadly the good guys lost that fight and now the US government is beholden to a central bank that creates it currency and lends it to the government at interest.
Your local credit union is not a predatory organization, except so much as they are forced to be by the federal government's banking regulations, most of which were lobbied for and written by... wait for it... central bankers.

2025-01-09 16:01:17 UTC

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The minnows are not afraid, they are broke.

2025-01-09 16:00:14 UTC

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Yes but that's true of almost everything on Earth. Think most people know how a cell phone works? An internal combustion engine? Cellular division? Gravity?
Most people don't understand bitcoin and never will.

2025-01-08 15:52:48 UTC

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It doesn't. But if you want to rule over a population of people keeping them unproductive is helpful. You want them just productive enough to provide you with the things you want, but not productive enough to recognize the situation nor oppose it's institution.

2025-01-08 01:37:07 UTC

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I understood you perfectly, I think you didn't understand me.

2025-01-08 01:19:51 UTC

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yes, exactly. Comparing Litecoin to fiat currency is a good and accurate comparison.

2025-01-08 01:15:45 UTC

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The industry will consolidate into a single protocol, Bitcoin. Litecoin is a dead project, no one accepts it and no one ever will.

2025-01-08 01:02:08 UTC

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I'm waiting for that gap fill at $3500. Cheap sats coming soon!

2025-01-08 01:00:47 UTC

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Bitcoin is effectively free to use on Lightning, which is about a million times cheaper and faster than the insecure Litecoin garbage. Your hashrate can double from one guy plugging in his mining rig because your hashrate is dogshit. Lightning works great.
Face it, you invested your money in some bullshit alt coin and now you're stuck underwater. Your coin is down 98% from it's all time high against Bitcoin because the market has realized it's shit. Wake up more Platinum Bear, Litecoin is a failed project and going to 0. Get out now, while the network is still operational.

2025-01-07 23:29:12 UTC

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Litecoin is a dead project, not enough hashrate to be secure, no lightning network for it, worthless, going to 0.

2025-01-07 23:27:55 UTC

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you just do it anyway and take your chances. They can't put all of us in prison.

2025-01-07 17:10:44 UTC

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if you get prosecuted and convicted of operating without a money transmitter's license, then yes it is. Ask Theresa Lynn Tetley about it.

2025-01-07 17:03:29 UTC

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There is no difference.

2025-01-07 16:32:00 UTC

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i do not accept zaps, although thank you for the thought. Transmitting Bitcoin can be considered a violation of AML laws and people have gone to prison for p2p bitcoin transactions. Would they come after me for a 25 satoshi zap? Probably not, but why take a chance for 25 satoshis? I love the fact that people are using Bitcoin for micropayments on social media, it's great and I hope it continues. But you won't see me doing it.
I would only transact in Bitcoin in an emergency.

2025-01-07 16:28:20 UTC

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I have no idea but yes it'll be more than ever before. That's the nature of compounding interest.

2025-01-07 15:33:18 UTC

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The US has no choice but to print massively in 2025. So yes, the print is coming this year there is no doubt. There are only 3 possible paths in theory:
1. default
2. cut social security and military spending
3. print
Defaulting on the debt is not going to happen because it would immediately remove US treasuries as the principal capital asset globally. No one in a position of control in congress or the treasury or the federal reserve would be willing to preside over a US default on treasuries.
It's politically impossible to cut social security and military spending. Political suicide for anyone who even brought it up as a possibility.
So that leaves us with option 3, debase the currency. It's effectively a default, but it's a slow motion default, which is much more palatable politically and it buys more time for those in power.
So yeah... the print is coming. There might be a giant crash first, or another "pandemic", or someone might set off a Nuke in the Middle East or Eastern Europe... they like to create a massive problem before they turn on the money printer. But one way or another, yes it's coming in 2025.

2025-01-07 15:16:47 UTC

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More time.

2025-01-07 15:15:59 UTC

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Understanding Solana is quite simple. It's a proof of stake shitcoin, the end. It's a scam. Proof of stake is not new or novel. The Federal Reserve Banking cartel is a proof of stake system. Save yourself some time and study Bitcoin, not some shitcoin garbage.

2025-01-07 14:49:34 UTC

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There is a 0% chance Bitcoin will be legal tender in the US anytime soon, if ever. Legal tender laws mean there is no tax on the asset and make it legally "money" requiring all businesses to accept it.
Also Trump cannot make Bitcoin legal tender, it would require congress to do it. Not going to happen.

2025-01-06 00:03:14 UTC

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because they are not Bitcoiners. Remember this is the organization who's mining pool was censoring transactions until enough pressure from the public caused them to change their policy.
They are not a good company, they are not Bitcoiners, they are just an extension of central bank fiat currency mentality.

2025-01-05 23:47:29 UTC

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actually... El Salvador forces people to use bitcoin, in that their legal tender laws require all major businesses to accept it.

2025-01-05 23:33:05 UTC

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Of course not. Bitcoin is money for everyone. Your friends, your adversaries, and your enemies. Why would we be upset that people are using it?
Your supposition that a maximalist should have the opinion that "other people should not use bitcoin so it's cheaper for me to buy it" is to completely miss what Bitcoin maximalism means.

2025-01-05 07:02:17 UTC

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my thoughts: bitcoin only

2025-01-04 18:26:50 UTC

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well... realize that "the US" is made up of many different people from many different factions each with their own interests and agendas. It's easy to oversimplify this into imagining the country or it's government is some kind of entity with thoughts of it's own. But it's not.
However the game theory says that in time everyone will adopt bitcoin because those who do first have an advantage over those who do later, creating a race condition.
The reality of bitcoin is that it rewards net producers and punishes net consumers. The central banking cartel is certainly the world's largest consumer, performing rent-seeking at the highest levels and indebting governments to it. Net consumers who live off a corrupt debased money will oppose bitcoin at all costs because bitcoin will punish them, impoverish them, and ultimately destroy them. Those who produce for a living, bringing something of value to society will be rewarded by bitcoin. In time as they come to understand this, they will support it.

2025-01-04 17:56:59 UTC

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I suspect that there will be a major peak in 2025 and a subsequent bear market. I also suspect the ETFs and increasing institutional adoption will make it the most shallow bear market so far, but still extremely severe.

2025-01-04 17:13:46 UTC

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Yes. Well he probably did some mining in the early days as himself, especially after he stopped being Satoshi. Plus consider that he would certainly be highly employable, having a deep understanding of advance cryptography, which is some of the most complex subject matter in all of computer science.
It's also very likely that he destroyed the keys to those early coins. And if the speculation about Satoshi being who we think he was, he publicly said that he destroyed them.
"I am the world's formost expert in losing your [bitcoin] keys, and I did it by hand" ~Peter Todd.

2025-01-04 11:38:17 UTC

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2025-01-04 05:22:27 UTC

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We cannot both be right and we cannot both be wrong since we are on opposite sides of a binary opinion. You think you're going to make money trading in and out of bitcoin and I think you're going to lose it.
The fact that you are trying to trade using spot is a massive red flag that you are completely inexperienced. Professional traders use futures and options to build and manage positions. There are many reasons for this including the tax implications.
Are you from the US? If so then assuming you can actually make money you will be 30% tax on everything because it's short term gains. But if you were trading a regulated futures product you would be a 60/40 split long term / short term gains. This applies to options as well.
I have seen people try to do what you're doing many times before and the story is always the same. You will lose money over time, that is 100% guaranteed. Even the professional traders I know, including myself, took years of study and practice until the point where we were profitable over time. You simply won't get it out of the gate.
You would be MUCH better off spending the time you spend trading and posting about it working another job or working more hours and then buying bitcoin with your earnings.
The path you are taking will result in less bitcoin over time. That is a certainty.

2025-01-03 16:07:41 UTC

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you're going to learn the hard way Nina... back in the ring with the professionals.

2025-01-03 06:33:31 UTC

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To be clear, I suspect Bitcoin would survive such an attack, but it would likely take many years to recover. Imagine what happens if we go DAYS without finding a new block. Price would tank 90%, probably more. It would make the covid crash look like a shallow dip. Be prepared for Bitcoin's price on exchanges to be $1000, perhaps less. Perhaps zero.
Of course people will say "i'd buy all the bitcoin at that price" except that because the network is deadlocked you cannot withdraw that bitcoin and it's just stuck on the exchange.
The fees would be absolutely outrageous for the blocks that did get discovered so you would have no chance of getting into one.
Remember that difficulty adjusts every 2016 blocks. If you're getting 1 block every 12 hours it's going to take over 3 years until difficulty can correct itself. During that time all hell would break loose in the community.
It would not be pretty.

2025-01-03 06:25:09 UTC

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price doesn't follow hashrate actually, if you look at a correlation coefficient you'll see nothing. That's just some BS Max Keiser likes to say.
What's concerning to me is that the hashrate has gone parabolic. And that is unsustainable. All parabolas blow off, it's like a law of physics.
I would not at all be surprised to see a coordinated nation-state attack in 2025 that attempts to deadlock the network by cutting the hashrate to the point where not enough blocks are found for difficulty to adjust. This type of attack has been theorized since the early days and we may be on the cusp of seeing it now.
The central banking cartel rules the world. Bitcoin is an existential threat to their power. They will do everything, and I mean everything, that they can to stop Bitcoin.
Hopefully there are enough countries with hashpower that will oppose such a coordinated attempt to deadlock the network, but based on the fact that basically every government on Earth participated in the Covid crackdown on liberty I wouldn't be so sure.

2025-01-01 13:13:11 UTC

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Because printing money debases every dollar equally but taxes can target specific groups of people.

2025-01-01 13:09:59 UTC

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Oh, that thing we can't stop you from using, yeah, you go ahead and use it, you have our permission.
What a joke.

2025-01-01 01:23:05 UTC

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I never trade Bitcoin P2P, too many people have gone to prison for that. I would use a regulated US based exchange if I actually needed to liquidate some Bitcoin.
Where I live is Bitcoin agnostic. But it doesn't really matter to me. I just HODL.

2024-12-31 19:43:32 UTC

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No I don't go to conferences. I don't want anyone to know I have bitcoin, and I'm not going to learn anything at a conference I can't learn at home.
That's another reason I don't use lightning and I never pay for anything in Bitcoin. The less people that know I'm holding the better.

2024-12-31 09:24:28 UTC

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it sounds like your buddy has his priorities well established. As I said in the beginning of this conversation, very little about my life would change if bitcoin does a 100x tonight. That's a good sign I think that I am already focused on what's important in my life.
You're already living in what you consider to be the best country in the world, so that's a good start. Just gotta keep stacking until you don't have to stack anymore.

2024-12-31 09:05:50 UTC

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Yes I paid him back the 1 bitcoin. Then I mortgaged my house and bought as much Bitcoin as I could afford.

2024-12-31 09:04:42 UTC

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75 bitcoin? Oh hell no. I would need far less than that. Unless you have some kind of incredibly high standard of living you can live on far less. Bitcoin's appreciation is still very high, so if you spend less than it's appreciation your purchasing power goes up even though your stack goes down.
How much really depends on how you want to live.

2024-12-31 09:01:24 UTC

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In 2017 when Bitcoin was about $9000, and before I knew what Bitcoin was a mentor of mine said "I'm going to give you 1 bitcoin. In the future I want you to repay me".
"You want me to repay you $9000" I asked?
"No, I want you to pay me back 1 bitcoin".
That started the wheels turning. Although it still took years of study for me to fully understand. I did some shitcoining for awhile. But eventually I learned enough to understand why it's Bitcoin only.

2024-12-31 08:38:30 UTC

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also worth noting that your profile actually says "South Africa is fucked". So perhaps you are not being totally honest about it being the best place in the world?

2024-12-31 08:37:48 UTC

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I'd say in South Africa there are a lot more places that "tourists" shouldn't go than most places in the world, actually. And as I said the country I live in has no such issues even in the poorest regions.
For me it's all about culture. Since I have enough Bitcoin to live anywhere in the world, I am looking for a place where people get a long the best, treat each other with respect, and humble and polite, open hearted and friendly.

2024-12-31 07:41:20 UTC

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I have not done much traveling in South Africa. When I was there I was advised quite strongly about which areas were safe for me and which were not. The country I live in, even though I do not speak the language, is safe for me to go literally anywhere. I have been to the very poorest areas and I was treated well. There were no safety concerns at all.
As for earning in USD, I am retired and do not have an income anymore. I do understand the value of earning in USD and living in a country where that money goes much further. There are many such places. The country I live in is one example.
I'm curious though: If you have traveled all over the world and you earn in USD, why are you unable to stack much Bitcoin? World travel is not cheap.
I am glad that you're happy where you live. If South Africa works for you that's great.

2024-12-31 07:08:09 UTC

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South Africa has some of the highest crime rates in the world. Frequent power outages. Some of the highest levels of income inequality in the world. High unemployment rates lead to social unrest. Political instability. Racial tensions. Water shortages.
I'm curious: If you think South Africa is the best place in the world, how much traveling have you done globally?

2024-12-31 07:01:59 UTC

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What makes you think I do not have dual citizenship? You make a lot of assumptions.

2024-12-30 22:58:18 UTC

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I do not live in South Africa. I've been there. Wouldn't want to live there. As for renting, that's kind of specific to the individual. In my situation I want my family to own the home my children grow up in and this creates a level of security for my family they would not have if something happened to me. So some % of my bitcoin traded for a nice house makes sense in my case.

2024-12-30 22:56:14 UTC

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No I did not renounce my US citizenship. You are required to pay all unrealized capital gains taxes to do that.

2024-12-30 10:03:48 UTC

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I already live in the best place in the world. There is nowhere to vacation that is better than where I live now. As for my car, I don't own one. My wife has some kind of 4-cylinder Honda that we use to go to the market. I no longer work for a living and instead of that I am growing my family and spending all my time with them.
If bitcoin does a 100x in price tonight very little in my life will change.

2024-12-30 10:00:29 UTC

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also consider that a lot of people are just stupid. Watch those "i won the lotto" shows and see what happens to "average" people when they become rich... most end up broken in a couple of years, often far less happy than they were before it happened.
You can't really fix stupid.

2024-12-30 09:58:49 UTC

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by breaking the banking cartel and creating fair money more people will be able to save.

2024-12-29 22:06:27 UTC

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yes I pay my taxes. Every penny. I'm not good to my family in a prison cell. But you be that big bad rebel sunshine. Good luck in prison.

2024-12-29 20:33:57 UTC

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tax fraud is a pretty serious thing. Good luck with that

2024-12-29 20:21:08 UTC

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neither do i. Other than buying some coldcards that required me to spend bitcoin because they don't take cash from the country I live in, I haven't sold a single satoshi since 2017

2024-12-29 14:32:05 UTC

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I'm not sure you understand how capital gains taxes work sunshine.

2024-12-29 08:51:16 UTC

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Nah? Sounds like you have a lot of experience with the IRS then. What do you think is going to happen by ignoring it?

2024-12-28 21:22:17 UTC

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as long as you can prove a cost basis, ignoring it seems fine. Otherwise what's going to happen is when you trade some bitcoin for a property for your family, education, healthcare, or you die and your family inherits your bitcoin, then you'll pay tax with a $0 cost basis.

2024-12-28 08:19:36 UTC

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it seems like this issue you are having boils down to "I want my boss to buy the bitcoin for me instead of doing it myself" and I really have no idea why it matters to you who does the actual buying, you or him.
I dunno, I'm quite confused by your dilema.

2024-12-28 07:42:27 UTC

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I don't see the problem. Get paid in fiat, buy bitcoin. It's like a few mouse clicks to do this. You want your boss to change his whole accounting system to accommodate you're lack of desire to set up an auto-buy with river or some other exchange?
You can set it up so it just autobuys. I really don't see the problem. You make it sound like it's impossible to just buy bitcoin with fiat.

2024-12-28 06:14:49 UTC

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I don't think it will. Bitcoin will only be the primary medium of exchange when fiat is gone, and that might be awhile, if ever.
A decentralized ledger is the most inefficient way of computing in the history of computing and to use such a method must be justified with a very good reason. The reason is censorship resistance, that is the only reason bitcoin is used as a means of exchange. And in the vast majority of cases this is unnecessary. So all the extra redundant computing is pointless if you do not need to protect yourself from censorship.
I don't think people are going to use bitcoin as a method of payment anytime soon. Only ideological bitcoiners who want to drive adoption would spend their time and energy doing such a thing. The vast majority of humans will simply use the cheapest and easiest way, and that is with a centralized database. If you do not need censorship protection, you will not use it.

2024-12-28 06:00:21 UTC

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fiat and bitcoin are interchangeable

2024-12-28 04:08:41 UTC

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Yes the promise of socialism is "the people will own everything". The reality of socialism is "the people own nothing and are legally prevented from doing so".
Don't fall for the propoganda, socialism is the destruction of property rights. "You will own nothing and be happy". No, you will own nothing and you will say you are happy because if you complain we'll throw you in a gulag.
Free markets, weak central government, free and fair money. Bitcoin will kick the money lenders out of the temple, for good this time.

2024-12-28 04:05:41 UTC

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People don't use Bitcoin as a medium of exchange because fiat is better at it, so they have no reason to switch. People use Bitcoin as a store of value because fiat is terrible at it, so they have a good reason to switch.
If a person absolutely needs to transfer value in a censorship resistant way, Bitcoin can do that for them. But you do not need to evade government censor to buy coffee so why would you mess with your bitcoin for that?
You're right the argument about medium of exchange is stupid.

2024-12-27 18:15:50 UTC

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do you guys have a chart of Ocean's hashrate over time? I'd like to see how it's going

2024-12-27 18:14:50 UTC

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Why would you ever tell anyone how big your stack is?

2024-12-27 07:51:53 UTC

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I can assure you that salting my pool is a hell of a lot easier to learn than algorithm analysis.

2024-12-27 04:31:57 UTC

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Good. These are the people my children will compete against in the world. 9-volt brain idiots who can't think for themselves can work for my family to clean our house, tend our crops, and keep the pool properly salted.

2024-12-27 04:28:03 UTC

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humans do control the Earth. If me and my tribe have a good thing going and you want in, if you and your culture are shit then you can go fuck yourself. Come here and we'll simply kill you. This is the way life works.

2024-12-27 04:25:28 UTC

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I left the US where I was born years ago and it had nothing to do with economic reasons. For me it's all about culture. The way the people act and treat each other is what's most important to me.
You could not pay me enough to live in the west again.
So you're wrong if you think people only move because of economics. This may be true of people in a shithole like India where there is feces in the streets, but San Francisco is the same thing, a shit filled hell hole.
There are better places in the world and it has nothing to do with economics.

2024-12-26 02:14:46 UTC

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You are going to lose in the long run doing that. Being a professional trader is a skill. How many years have your studied and practiced to build your skills?
If you were going to take a professional boxing fight I would say the same thing. "How much experience do you have boxing"? You're going to get your ass kicked.
I would not let you perform a kidney transplant on me either. Again, you lack the requisite experience.
So what the hell makes you think you can be a successful trader with no experience whatsoever?
You're going to lose money, it's 100% guaranteed. Your impatience and hubris will be your downfall.
Could you become a professional (ie successful) trader? Possibly. But at a bare minimum it will require YEARS of practice. How many years did you practice paper-trading to learn? Zero I bet. You're just jumping in blindly with no experience which is the same as just jumping in the ring with professional boxers. The people you are trading against are professionals and highly developed algorithms. You are going to get eaten alive, 100% for sure guaranteed.

2024-12-25 23:21:37 UTC

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It means Russia has not realized how to use Bitcoin mining to harvest waste energy.

2024-12-25 23:19:13 UTC

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so then we agree it's not trending to 0

2024-12-25 10:26:57 UTC

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Naaa, there are things in the world that have value and utility other than Bitcoin. Realestate will never be 0. Stocks will never be 0. Commodities will never be 0. Things are simply getting repriced in Bitcoin, but their price will never be 0.

2024-12-25 10:22:34 UTC

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X is great and not going anywhere.

2024-12-25 07:24:50 UTC

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Indeed. The transistor, steam power, the printing press, the wheel, fire... bitcoin is in line with these types of discoveries. World changing.
And just like with those inventions it took a very long time for humanity to fully appreciate the impact each would make on the world. But each time it happens, it happens faster, with each discovery building on the previous.
Bitcoin is not only the most important invention of our time, it is among the most important inventions in the entirety of human history.
Bitcoin will usher in a Gold Age for humanity, unlocking great abundance and spreading it broadly across the globe, as did each of those prior discoveries.

2024-12-24 03:49:06 UTC

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Silver was used as money because gold was not subdividable enough. Bitcoin on the Lightning network is digital silver.
Discovering the correct answer as "Bitcoin Only" in 2024 is incredibly early to the party, so don't worry about that.
Do not feel bad about being called a Bitcoin maximalist. It's equivalent to being a Physics maximalist because you do not believe in Astrology. Once you really understand physics you realize there is no second best.

2024-12-24 03:39:03 UTC

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Wow. That is a staggering amount of equity dilution. It's a 30x in Class A and a 200x in preferred? That's fucking insane. Nothings like that has ever been done in the history of capital markets.
Saylor wants ALL the Bitcoin. And with a raise like that he's going to get most of it.

2024-12-24 03:34:50 UTC

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This is probably the best example of someone completely mis-understanding shitcoins that I've ever read.

2024-12-24 03:32:45 UTC

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He's a national treasure. Probably the greatest ambassador for Bitcoin we have. Most people just don't get the joke.

2024-12-23 09:28:11 UTC

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actually Buffett's "cash" is in money markets which effectively covers inflation.

2024-12-22 03:17:19 UTC

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a majority of bitcoin would be 10.5 million which is impossible to own so this statement is really just rhetoric and has no basis in reality.

2024-12-22 03:15:09 UTC

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I'll take things that didn't happen for $1000 alex

2024-12-22 00:54:11 UTC

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coldcard is hands down the best device i've used, and i've used a bunch of them. coldcard-Mk4

2024-12-22 00:48:14 UTC

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you have something essential to share with me? lol. fuck yourself

2024-12-21 13:43:58 UTC

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Very few. They will fine curated and censored platforms that prevent anyone from disagreeing with them, exactly how they like it. Nostr is not a platform that would interest a modern leftist at all

2024-12-21 02:00:43 UTC

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yes that would be an improvement. It will happen in time.

2024-12-21 01:58:23 UTC

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Layer 2 and coin mixing are two effective ways to preserve privacy in Bitcoin, if that's what you need.

2024-12-20 23:42:35 UTC

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I mortgaged mine in 2017 to buy bitcoin

2024-12-20 05:46:22 UTC

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Yes. Thanks for point all this out. A functional quantum computer would be among the most closely guarded secrets of any military. We wouldn't know about it for decades.
A public company talking publicly about it's progress tells you they are making none. It's just a marketing ploy to drive investment into ABC or whatever other corporation is looking for capital.

2024-12-20 05:15:48 UTC

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price would go up and people would move bitcoin to exchanges to sell

2024-12-20 02:58:39 UTC

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They are correct, the 21 million is not guaranteed. As far as "even more control" they have no control whatsoever over the bitcoin network. It's proof of work, holders have no say.

2024-12-19 17:23:00 UTC

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why will they "obviously" propose a fork with adjusted supply? Talk about wild conjecture and speculation....

2024-12-19 16:45:33 UTC

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who the hell has more money to buy bitcoin?

2024-12-19 11:21:56 UTC

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Good faith? You claim to be involved in Bitcoin since 2011 which is almost certainly a lie. Nothing that you've said is good faith, it's just hyperbolic panic over something you don't really understand. I was trying to help you understand that better but your fear has blinded you.
You should sell your bitcoin now because there is a 0% chance the algorithms will be swapped out for a quantum resistant anytime soon.

2024-12-19 07:32:04 UTC

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Wonder how Max is going to spin this one.

2024-12-19 07:20:26 UTC

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Yes, it's just FUD. If companies are publicly talking about their quantum computing progress it means they are making none. A functional programmable quantum computer would be among the most highly classified weapons the military has and we would not know about it for decades.

2024-12-19 04:24:37 UTC

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quantum computing, if it's actually possible to build, and I'm quite skeptical about that, would pose an existential threat to all encrypted communication. It would be among the most closely guarded secrets that any military has. The fact that public companies are advertising how much progress they're making is proof that they are making none.
If a programmable quantum computer exists you will not know about it for decades because it will be used in secret and bitcoin will be the least of our problems.

2024-12-19 04:21:00 UTC

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I only know you from what you say. Clearly you're uninformed about the progress toward cold fusion.
For someone involved in bitcoin, allegedly, since 2011 you seem woefully unaware of the work that has been done on quantum resistant addresses and mining in Bitcoin.
You also seem unaware of what would be required to do such an upgrade. You say something quite naïve like "it might be painful at first". How exactly do you propose we change the mining algorithm out on a running blockchain? Just tell the global mining community to throw away their asics and start building new chips that run a quantum resistant algorithm?
You sound like a guy who read some media hype headlines about quantum computers, got scared, and ran to twitter to create a moment to "make bitcoin quantum resistant" with little to no understanding of the work that has been done so far nor the practical implications of doing so

2024-12-19 04:08:34 UTC

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It sounds like you have insufficient information about both quantum computing as well as cold fusion. Stop reading media headlines.

2024-12-19 03:32:21 UTC

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it's going to be the Treasury that holds the bitcoin, not the fed. We don't want the fed to hold it.