Don’t forget to sell before Brian’s quantum computer boots up
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Replying to @dgwbirch @dionlisle
Dave, shhh! Working on Quantum Computer resistant Bitcoin it exists in all realities and none at the same time! The new logo will be a Cheshire Cat in a Bitcoin box.
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Replying to @BrianRoemmele @dionlisle
The Satoshi wallet alone contains billions of dollars that a quantum computer will unlock. Let’s get a kickstarter going.
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Replying to @dgwbirch @dionlisle
Dave indeed! But what happens when we open the wallet and we find out Satoshi was Warren Buffet? This will cause a singularly to open and the Mandela Effect will shift us to a timeline where a KPOP became popular.
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Replying to @BrianRoemmele @dionlisle
What is your rough estimate - just to the nearest billion dollar or so - as to the amount of Bitcoin in “lost” wallets that is vulnerable to a quantum computer attack?
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Replying to @dgwbirch @dionlisle
Dave, great question! With the properly equipped Quantum Computer that will happen in our lifetime, the concept of caring about Bitcoin at that point will be the same as us caring about the Shell Money folks were giving to Columbus when he landed.
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Replying to @BrianRoemmele @dionlisle
NIST say 2030 for working quantum computer, so you give Bitcoin a decade before irrelevance? I think you might be right.
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Replying to @dgwbirch @BrianRoemmele
I am way out of my depths on this conversation but love the dialog between two BIG BRAINS ! My question is if a crypto asset is not safe beyond 2030, would ANY asset holding be safe? I get that QC could mine the hell out of crypto, but it could break any password too?
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Replying to @dionlisle @BrianRoemmele
QC doesn’t mine Bitcoin, it breaks the private keys. So, in the example Brian and I are discussing, you can send coins from the Satoshi wallet to your own wallet.
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Replying to @dgwbirch @BrianRoemmele
Got it, same as QC could break ANY security measure. RSA keys or any PKI implementation, which is what most governments use.
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Dion, indeed. We already have a Quantum Computer based Bitcoin algorithm. Thus it is “safe”. But my thesis is that with what Quantum Computers will bring there will be new things that will invalidate most of what we believed including wealth and money. It a big shift.
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