Bitcoin on the path to irrelevance?

116,189 Views | 1824 Replies | Last: 16 days ago by FobTies
MRB10
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9:35p, 12/22/24
AG
Eh. Stablecoins by definition aren't pump and dumps and have a clearly defined use case. It's a grey area between things like Cardano/Solana/Ethereum and Bitcoin.
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10:49p, 12/22/24
Sid Farkas
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10:01a, 12/23/24
AG
Another reason to tread carefully...dont get left holding the bag: quantum hacking.

https://www.wsj.com/tech/cybersecurity/a-looming-threat-to-bitcoin-the-risk-of-a-quantum-hack-24637e29?st=zuLrsA&reflink=desktopwebshare_permalink

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"There is definitely a quantum apocalypse on the horizon at some point in the future, but that point is a sufficiently long time away that there is no need for panic," said Emin Gn Sirer, founder of the Avalanche cryptocurrency.
Bitcoin could be secured by adopting newer forms of encryption that can't easily be cracked by quantum computersbut such an overhaul could take years, crypto executives say. Because of bitcoin's decentralized nature, changing its technology requires broad consensus among people around the world who maintain its network. Past upgrades have been slow-moving and contentious.
Even after the community agrees how to quantum-proof bitcoin, there is another hurdle: Existing bitcoins would need to be moved into quantum-resistant addresses. Each individual or business holding bitcoins would need to execute such a transfer, or risk losing coins to quantum thieves.
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Yukon Cornelius
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In reply to Sid Farkas • 3:25p, 12/23/24
AG
Bitcoin is the safest network of quantum computers ever become a reality.
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FobTies
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10:53a, 12/27/24
This is the nonsense that fuels gov efforts to ensure BTC will never be anything more than "speculative digital gold". Anyone who thinks BTC will become a global standard in decentralized P2P pmt or a global reserve currency under the current framework, is delusional.

Efforts should be focused on abolishing the Fed and eliminating MMT, for BTC to have a fighting chance at realizing the global benefits Satoshi outlined. The original concept has been abandoned for a rudimentary limited supply/unlimited demand quantum computing NFT. It's being sold as an essential utlity like fire and electricity that you must hodl, or get left behind. Borrow to buy like your life depended on it.

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