🚨 CZ about the risks quantum computing poses to Satoshi's wallets and the potential loss of coins.
''If Satoshi's coins ever move, it confirms the owner is still active. If they don't, it may be better to lock or effectively burn those addresses before a future exploit can claim them.''
Announcement:
Today I decided that Bitcoin is too volatile. It’s not going up anymore. This is a tough decision, but I have decided to convert all my Bitcoin into gold.
Saw some people panicking or asking about quantum computing's impact on crypto.
At a high level, all crypto has to do is to upgrade to Quantum-Resistant (Post-Quantum) Algorithms. So, no need to panic. 😂
In practice, there are some execution considerations. It's hard to organize upgrades in a decentralized world. There will likely be many debates on which algorithm(s) to use, resulting in some forks.
And some dead project may not upgrade at all. Might be a good to cleanse out those projects anyway.
New code may introduce other bugs or security issues in the short term.
People who self custody will have to migrate their coins to new wallets.
This brings to the question of Satoshi's bitcoins. If those coins move, then it means he/she is still around, which is interesting to know. If they don't move (in a certain period of time), it might be better to lock (or effectively burn) those addresses so that they don't go to the first hacker who cracks it. There is also the difficulty of identifying all his addresses, and not confuse with some old hodlers. Anyway, it's a different topic for later.
Fundamentally:
It's always easier to encrypt than decrypt.
More computing power is always good.
Crypto will stay, post quantum.
@Logosnaut you're confused. they have more skin in the game, generally understand more about economic game-theory via past fork learnings, and many are more technical deep understanding of how and why the bitcoin protocol works as it does.
💥MASSIVE
UNCONFIRMED REPORTS ON X SAYS
Kim Jong Un: 'If Iran asks, we will provide it with missiles against Israel. One missile is enough to erase it.'
The @moonbirds Birb Game 2 ends tomorrow... Who you backing?
@soyouboughtit just dropped custom mascot edits (thanks @StoopidPenguin) so you can rep your pick.
Reply with your winner.
One correct guess = a little surprise 👀
Bitcoin is now down over 66% when priced in gold since its Nov. 2021 peak over four years ago. Putting that into perspective, had you invested $10,000 in Bitcoin back then, it would be worth about $9,100 today. But that same $10,000 invested in gold would be worth over $27,000.
There are 93 @moonbirds listed on OS and 48% nested so so so where are the birbs hiding?
Nesting Stats
a total of 13,298 NFTs nested
in the last 20 days, 4,400 NFTs were added, the spike could be related to the Spencer post on "just nest it bro"
OG Birbs: 4804/10000 (48%)
@MythicBirbs: 6266/9774 (64%)
@oddities_xyz: 2245/6049 (37%)
btw Birb Game 3 starts on 28 Feb 2026
Birbish!!!!
data: @soyouboughtit
Did you know that @vibes_tcg is growing substantially outside of the web 3 audience? This weekend gamers gathered for a 10$k tournament at @SCGCON Milwaukee!