Mr. Wallet
1.9K posts

Mr. Wallet
@Paradigm002
Crypto Enthusiast | Exploring & Engaging with African Vibrant Crypto Scene | DeFi | Web3 | Sharing Alpha & On-chain Insight. |Building with @DataHaven_xyz

Former Meta Engineer: Quantum Computing and Miners Are Bitcoin’s Two Ticking Time Bombs A former Meta engineer @techleadhd says Bitcoin faces two ticking time bombs that have yet to be defused: quantum computing and the future of miner incentives. Quantum advances could one day threaten Bitcoin wallet security, while the lack of a sustainable fee market raises questions about long-term network security as mining rewards decline. He also challenges Bitcoin’s vision as a sovereign currency, arguing that governments are unlikely to tolerate a monetary system beyond their control.

Very complete summary. I'd just add a few things, to make it even more complete: - my motivation for working on RGB was always the future potential of "RGBTC": using it for sats, with some kind of peg-out mechanism (maybe it will be reality with some BitVM derivation, someday), I'm not super bullish on "assets", because I think they just need a spreadsheet, plus some "blockchain woo" to scam regulators, - I would definitely add also the "CMYK" clone of the project, currently know as "Taproot asset": even if it was born as a literal RGB re-implementation, the two projects are now fairly different, with RGB positioning itself more as a lingua franca across different asset standards (Arkade assets, Spark assets, e-cash tokens, Liquid CA, etc.), including Taproot Assets for DryjaPoon channels, - I would also include some mention of Shielded CSV, a spin-off of RGB's fundamental idea (client-side validation) adding interesting privacy and scalability features (zk compression of offchain cosignments, basically) which I always considered as the probably endgoal for RGB, and possibly working towards feasible trust-minimized peg-out strategies.





Every time your agents pay on a public network, your competitors learn something about your business. Use Utexo and keep the alpha off the ledger.







