Just being honest, every podcast or conversation about quantum makes me feel worse and more nervous about this potential future. Everyone covering this either dismisses it too quickly (likely because it’s complicated), doesn’t have a good solution or describes such doomsday scenarios that I expect anyone listening would want to sell afterwards. Is this really the thing that gets us?

@ODELL enjoyed latest CD re quantum. On the reused-address -exposed issue, couldn’t this be solved by the wallet holder just consolidating those utxos into a new address and using better practices (i.e., new addresses) going forward?

Proof of steak (tartare)

@ODELL on recent RHR, were you serious about attempting to convert some BTC to gold? Was surprising to hear, but I’ve often gone through same thought process. How to buy, validate it, store it, fees on buying and selling, etc. I either stop there or buy GLD (warts and all). I just keep scratching my head here

Seems crazy to suggest…but are we seeing a rotation out of Bitcoin into precious metals? When is the last time silver or platinum were EVER up 10% in a day? This is just nuts

Been a really interesting two months. This price action is confusing and uncorrelated to pretty much everything. I can’t wait to learn what’s actually driving it

@jack mallers Jack, always enjoy the pod. How do we reconcile what feels like a liquidity spell these past few months, with what is objectively an ATH in global M2? FWIW, tons of liquidity in the commercial banking space. Spreads extremely thin and all credits oversubscribed, it seems.

Gold is clearly a massive beneficiary of central bank buying. It’s the right asset for the current time: history of monetary use, embedded in the existing system, large market cap, easily and demonstrably controlled in the past. Bitcoin may never receive the same benefit. But it’s clearly a huge upgrade for the sovereign individual: easily transferred, divisible and verified, not easily seized or controlled. For these reasons, central banks may never buy and accordingly we may continue to trail gold in market cap for a long time. But who cares?! We have a near-perfect currency for humanity that will protect us from government debasement and theft. That’s more than good enough for me.