But QuAnTuM

We can activate BIP360. What the hell are the banks and credit cards going to do when Quantum computing breaks them?

Fucking exactly. Same with "what if they turn the power off? Checkmate!" It's like they think that bitcoin exists in a vacuum. All markets will respond accordingly, and bitcoin sure as hell won't be the first to be targeted in such an event.

Right, they get spooked because they don't get it.

🤡

It’s too pseudonymous for governments to feel comfortable with their citizens using it but it’s not anonymous enough for governments to feel comfortable using it. This is the dynamic that tells you everything you need to know about government.

Better start stacking platinum. View quoted note →

Among the greatest investors in the world there is not a single grain of sand worth of actual bitcoin knowledge. This is your edge. View quoted note →

Pathetic

Money Manager for Midwits

Skeptics slowly walking back their position. Still need to pretend to be prudent by quoting “problems” to excuse their previous incorrect thesis. View quoted note →

Wait do US Treasuries have some crazy anti-tracking privacy tech we don't know about?

I'm not sure banks and financial institution more generally rely on ECDSA to the same degree Bitcoin does. This is not to say that they win and Bitcoin loses, only to point out that things might be more nuanced on this front. And as you correctly point out, BIP360 is an option, plus already using simple P2WPKH addresses only once would do the trick already, with the only problem being the public key being exposed as transactions are still unconfirmed in the mempool: a highly resourceful quantum attacker could observe the public key, use quantum to obtain the private key, and then double spend the same inputs hoping miners choose its transaction instead of the original one (doable with RBF).

If all of those are legit threats, why give a 1% allocation? 🤔

Bingo!

Oops! You blew it Ray. Just like Donnie on Bubba’s Donnie.

Tracked? Where the fuck does he keep all his paper? Idiot.

Thanks for the clarification.

Ray Dalio have his limitations on Bitcoin fundamentals.