iris
Post by Toxic Bitcoiner
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Toxic Bitcoiner
here @53:45 They talk about how Satoshi’s coins “will eventually move” because how the keys were generated at the time was a less secure process. And when Satoshi sent the transaction to Hal, he “put a piece of information in there that people could use…”? How correct is all that?
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Humble Bitcoiner
Wild when I heard this conversation to be honest…
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Toxic Bitcoiner
Didn’t seem correct, right?
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Humble Bitcoiner
I don’t believe anything of it to be honest It felt like some random shit
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Mr Meadow
Yea, that part hit me as well
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Toxic Bitcoiner
Didn’t seem correct, right?
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Mr Meadow
Yea, would have liked to hear more about the potential impacts of that. I imagine the market will soak up the additional supply without too much fuss.
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Nic ⚡
From GPT: The ability of quantum computing to potentially crack a Bitcoin private key is tied to how public keys are exposed during Bitcoin transactions. Here's how this works: Public Key Exposure in Bitcoin Transactions Receiving Bitcoin: When someone receives Bitcoin to their wallet, only the B
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Toxic Bitcoiner
What was weird about the pod was they didn’t even say quantum. I think he meant classical. Quantum advancing far enough to do this is a big big if.
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Nic ⚡
I didn't even notice that, how they didn't bring up quantum. When he made the comment about Satoshi having sent a transaction, being where vulnerability is, I knew of this quantum thing, so that's what I assumed he was talking about.
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atyh
so this is how their going to do it. convince people bitcoin is only safe to hold and not to send.
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Nic ⚡
The quantum fud is overblown, imo. The same people who fud it as an excuse not to have Bitcoin, are the same people who don't realize nukes, their stocks and bank accounts would be easier to compromise lol.
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atyh
“in the interest of national security, to protect the Stategic Bitcoin Reserve, we must now x, and y, because of z, bitcoin reserve notes will be legal tender at…”
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BottleTeams
Interesting theory. Was always my assumption BTC was govt adjacent / co-opted /created. Nobody has a better incentive to discover bitcoin besides the world reserve currency holder.
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atyh
its not a theory. its just banter between bitcoin maxis who think government is always up to something.
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BottleTeams
Tbh it's probably the best resolution as 90% of humanity is asleep. Not the best solution but maybe how it resolves. The economy is massively deflationary while the monetary policy is inflationary. Everyone who has their head out of the sand knows this now. Need to close that gap somehow.
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BottleTeams
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BottleTeams
I think we're recapitalizing and re legitimizing the dollar system with bitcoin. I think the govt has a massive incentive and ability to back the dollar with #bitcoin. The wealth transfer will happen but just with a different mechanism. Everyone holds stocks so that money will not move; how do you recapi
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