JayDeerTay84

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Because the most recent line of argument in this thread seems to be that quantum computing will inevitably render BTC useless.

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Well no. My argument is its a "made up" issue in as much as your entire technical backend for life will be upgraded with advancements in quantum computing. Meaning, advancements in technology dont just work one way. With advancements in speed, compute, etc, we ALSO get advancements in security, stability, and efficiency...

I am only point out how incredibly "unrealistic" it is for quantum computing to break and/or make BTC useless.

Impossible would be the word I would use but mathematically its possible, but as I mentioned it would be so economically and time consuming its nothing to ever worry about.

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Quantum computing

Generative AI

Fusion energy

All three are possible within the next 20 years. No one knows what the implications are within their own fields of study much less to wider range of scope to include bitcoin. Lots of smart people speculating.

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With regards to security, its a function of math.

Take for example, BTC. Sha-256 which today means 3.31 x 10^56 years to crack.

With Quantum computing, Sha-256 basically turns it into 128 bits, 1.02 x 10^18 years to crack. Which is still next to impossible.

But you know, cryptographic hash functions such as Sha are upgradable. So again, its just a math function.

As we get closer, its going to be Y2K 2.0 with next to "nothing" happening...

Apple, Google, Microsoft, Banks, etc will upgrade without you likely even knowing.

Though theoretically, as it is a function of math, one could build a computer big enough to crack 1 BTC key but would likely, alone, consume hundreds of MW of power. For comparisons, the average power plant in America is around 50MW.

So yea, sure its "possible"...

With the capital it would take to crack 1 key, you are better off funding a private military and taking over a small country.

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There other thing he mentioned is the risk brought by Quantum computing. Hacking will be a growing issue.
It could actually eliminate bitcoin.

Seems to me everything’s at risk with quantum computing except hard assets.

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I feel like people who dont understand anything just say things they hear.

Quantum computing is not a risk to much of anything.

Bitcoin has upgraded before (P2SH, SegWit, Taproot). It can do it again.

Furthermore, outside of Crypto, hashing/cryptography is upgraded every few decades. This is nothing new.

Post-Quantum migration is already taking place with regards to security.

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because Medicare in general pays out WAY MORE than what people paid in.

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And whose fault is that?

Just like the school loans, the government effectively guaranteeing payment does nothing but drive the costs up.

There is zero incentive for health care companies to ever lower prices.

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This fella makes me happy I didn’t vote for him (or anyone else).

$38,000,000,000,000 debt and he’s STILL printing money, throwing it at people, and screaming “love me!!!”

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Well it makes sense when you consider US debt is an asset to the private sector.

Thats my president! :usa:

My grandfather completed his 25 missions. He returned home to live a happy life but later died from a heart attack while duck hunting when I was 4. Always wish I could have talked with him. I have no memories of him. Just photos and stories from my dad and uncles. :usa:

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I’m not even sure why these threads always get confrontational

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Because its the best performing asset over the last 15 years.


Gonna fall apart any day now. Just you wait.

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How about the idea that all it takes to steal your life savings is one motivated individual willing to do whatever necessary extract those 12 words…and poof those beautiful ledger digits are gone forever.

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Considering it would take a supercomputer over a billion years to brut force 1 address, I think most people are good.

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Where should we start? Its purpose changes with the winds.

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But you use dollars for more than one thing correct?

Why would a digital currency be any different?

If you did any research, like at all, at no point would you come to the conclusion that BTC was singular in use.

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Everyone that owns it will describe what it can be used for while shamelessly admitting they’d never use it for whatever was intended. It’s like the OT equivalent to saying college is a waste…for everyone else’s children.

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You guys say this but that doesn't make it reality. It was never intended to be singular in use. I've used it for all sorts of things. Paid for things with it, soley for savings/investment, taken a loan against it, etc.

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And the biggest issue is that it’s the only technology in history where better alternatives are being continually being developed, yet the argument for BTC is brand loyalty and trust…

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There are zero technologies that offer a better alternative. BTC's core rules have remained unchanged. The "trust" you downplay is the core reason for BTC remaining the undisputed king in the space.

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but most importantly, self interest to insure they can get more USD out than they put in.

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When you invest, in anything, you do so with an expectation of return? Why is it that anyone who chooses to hold BTC for that purpose is any different than someone buying stock?

The reality is, you guys are just salty. For over 15 years its not zero and the trend remains "up". The only thing consistent in change is your next argument of why "you" think it has no value.

What you call "changing purpose" is really just layered utility.

ETH has 45% of its nodes controlled by its founders.
SOL offline multiple times
BTC is fully decentralized
BTC 99.99% uptime
BTC is the most liquid
BTC the most nodes
BTC the most hashrate
and 99% of all other coins are shite, dead, and have no liquidity.