elon could solve world hunger literally this second all he has to do is full stack dump all his shares, cause a stock market recession, wipe out trillions, delete tens of thousands of jobs, and then he'll be able to fund the federal government for about 18 minutes

If only the problem was just the digital signatures. But i know a blockchain that is going to be *fully quantum safe* and that blockchain is $IXIOS But not a major blockchain.. yet.

The first post-quantum MLDSA87 transaction on the Ixios Testnet has been sent!

And quantum computing is going to work. It's all happening.

Step by step

I used to think the same thing But the thing I was missing is that it's way easier to upgrade the security of a centralized financial institution than a decentralized blockchain The strength of centralized entities is that they can move quickly and upgrade overnight Decentralized required coordination and consensus

Upgrading Bitcoin to be quantum safe is no longer optional. "but the threat is overblown!!" All that matters is the perception of the threat. And right now, the perception of the threat is enough to scare serious capital away. Denial / ostrich mode on this is not going to help. The good news is that a successful upgrade is a real bull catalyst for an asset starving for new bullish catalysts. And it's something that is entirely in our control. But we need rapid progress on this. And that starts with all of us acknowledging the threat. Or at the very least, acknowledging the reality of the perception of the threat. The fact that we're below the 2021 highs after the most bullish developments imaginable (massive ETF inflows, non-stop buying from Saylor...) is proof that something is broken. Quantum safe Bitcoin is a $1 million asset. Quantum vulnerable Bitcoin is not. Humanity needs finite money that cannot be seized or debased. If quantum risk removes seizure resistance, then Bitcoin cannot fulfill its promise. Simple as that.

Google warns against quantum computers and BTC nukes like this? Coincidence or correlation?

hmmm sorry dear technology company full of engineers and scientists I'm gonna go with michael saylor's assessment here and ignore this

They are borrowing money at a 17.5% interest rate to run a business that’s making losses?

My critique of this and other recent reports (Ark) is that they don't add real substance, but create a false sense of security. If anything, it's actually creates *more* of a reason to panic, because the upshot is people not paying attention when they should. A positive contribution would have been: - A comparison of the various signatures being proposed - an analysis of the vulnerable UTXOs, and why they are vulnerable (spoiler alert: MPC custody workflows make key rotation prohibitively complex) - A dependency tree of the infrastructure built around the current model, and a Gantt chart looking at who will have to do what, when - An attempt to quantify somehow the time and complexity required to actually make these changes. E.g. should we run this on testnet for a month? 10 months? 80 years? - An actual position on the burn vs. re-allocate debate Just saying it won't be a problem doesn't make it true. It just defers to a later date (potentially beyond Q-Day) when the hard analysis actually needs to be done. The implicit hope baked in here is that quantum is (a) far away and (b) will be clearly telegraphed. Neither of those are guaranteed.

Yea let's use quantum computers to defend against quantum computers performing attacks on Bitcoin 🫠 My God. I've heard a lot of dumb takes, this must be sitting on top of the list

Huge day for DeFi BlackRock is the largest asset manager in the world ($14T aum) and BUIDL is their first tokenized fund This collab uses Uniswap’s market structure to power onchain trading for BUIDL investors, settled on Ethereum Big step towards ~all value trading onchain

As i already mentioned before, security concerns make BTC/ crypto in general less appealing if the fundamentals show evan a small crack. Future risks talks -> insitutions become more risk adverse.

Lot of us are cooked

Wasn't it 2030 just couple weeks ago? 🤷‍♂️

Anarcho-capitalism is a wonderfully abstract ideal that can inspire innovation. It helped inspire me to help invent cryptocurrency. But real-world cryptocurrencies are not trustless -- they are trust-minimized. Each cryptocurrency has a legal attack surface, representing the kinds of ways governments and/or private entities can practically use law to disrupt their operations. The layer 1 of a good trust-minimized cryptocurrency like Bitcoin can withstand much more interference than centralized technologies could or can, but the technology still has its limits. The kinds of attacks that come from financial law have largely proven to be manageable, due to a combination of the trust-minimized (not trustless) technology, which requires diligent attention from developers motivated to keep it a trust-minimized form of money, and a large army of cryptocurrency industry lawyers who specialize in financial law. The legal attack surface from arbitrary data is far larger and far less predictable. The crypto industry does not have the legal expertise to deal with it. Thinking that Bitcoin, or any other cryptocurrency or blockchain protocol, is a magical anarcho-capitalist Swiss army knife that can withstand any kind of governmental attack in any legal area is insanity.

This is a likely scenario. Bitcoin has upside, but for the first time since its inception we are seeing tangible evidence that BTC security *might be* compromised. $BTC is perceived as a risk asset, the intensifying rumor of the relevance of QCs makes *them* uncomfortable.