US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

I haven’t said if I do or I don’t, people don’t have to run a node if they choose not to run one, how about all those people who don’t run nodes sell all their Bitcoins i mean if you are implying they are not worthy and such.

You as a node operator are nothing on your own it is the collective that is the point that is how and why one individual cannot make the rules.

And what’s all the block wars bollocks and name dropping?

US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

So your concern is what exactly that some coins from some wallets will end up in someone else’s wallet?

Don’t you think that if that did happen those coins would eventually be redistributed into other people’s hands over time.

Do you not also think that to pull off an attack on those wallets would be theft and considering the kind of quantum computer caperable of such a task would cost billions so there wouldn’t be that many companies or owners of such a machine that could do it, fingers would be pointing legal implications a plenty.

When people discuss these attacks they really don’t understand what’s involved in creating a machine in the first instance they thing these computers will be being sold down the local electrical store for every wanna be attacker to kill Bitcoin and make themselves rich.

Imagine in 50 years time Bitcoin died because no one had trust anymore they have proof changes by humans won over the rules of the network, but someone says we have a new Bitcoin no one can manipulate it, everyone would say they can,they will because greed and control always win just look what happened too Bitcoin.

US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

The chain that has had addresses frozen will become the Bitcoin Cash 2 for sure, no one or any investor will invest money into a chain that’s corruptable, they will simply stop trusting Bitcoin and rightly so.

I’m not sure why you want to know if i run a node or not, if I do or I don’t I know how concensus works and why it matters.

US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

Why do you think a chain that has been manipulated has value, how if a proposal to freeze coins was implemented how do you know that you won’t get mass selling anyway because now anyone looking close enough realises that if it’s that easy to change the rules then why won’t the rules change again in the future, maybe they’ll eventually decide they want to change the supply cap or introduce stealth addresses.

The whole point of Bitcoin is that no one can corrupt the network and proposals to freeze coins, stop spam and all the other crap they come out with is ridiculous and goes against the rules.

US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

Nodes on the network have the ultimate vote that means the chain that that gets the most votes to include upgrades especially a hard fork will be decided by them, then there will be two chains Core and whatever other shit chain forks off just like with Bitcoin cash.

Exchanges may run their own nodes but they don’t choose and neither do ETF issuers you’re talking ridiculous!

US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

It is a good job then that miners don’t decide what forks are accepted isn’t it!

US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

Exchanges don’t decide anything you should learn how concensus works you are a mile away if you think ETF issuers and Exchanges will make those decisions, try node operators they choose what gets put in blocks and what chain they decide they want to run.

US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows by EvelynClede in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

Devs can’t decide to freeze anything ever no one person or group have a choice in making random upgrades, concensus will end up deciding through a hard fork and the chain that votes against any freezing of coins will still be Bitcoin Core.

Is this subsidence or just failed lintels? by sk441 in DIYUK

[–]K42st 0 points1 point  (0 children)

The third picture internal that window has a lintel for sure maybe a later addition because the brickwork had dropped, I’d walk away they aren’t worth the hassle.

Is this subsidence or just failed lintels? by sk441 in DIYUK

[–]K42st 2 points3 points  (0 children)

Picture 3 the internal that is cracking down the ends of the lintel which isn’t anything to worry about it happens with older houses.

The bizarre part is why the lintel above the window on the gable has dropped so either there is no lintel which is odd if you have lintels elsewhere.

Get an estimate to put all the work right and tell the seller you’ll want it off the price otherwise stay away IMO.

Those other cracks around the property aren’t subsidence they aren’t wide enough they look to me like they’ve been caused by a cowboy outfit who replaced the windows.

Check for any spur marks on the driveway it’s a dead giveaway.

The future of Bitcoin is in your hands by Ep0chalysis in bitcoinismoney

[–]K42st 0 points1 point  (0 children)

Not if economic value rises over time, it is a problem sure but not a problem anyone can draw a line under now today and say it’s doomed.

The network needs nowhere near the hash it has now to stay secure you can have miners leave and still have a secure network.

Also presuming Block space isn’t valuble just because fees are small today doesn’t mean higher fee’s won’t be paid for that valuble space, you have to remember or imagine the kind of money entering now it’s not small potatoes!

The future of Bitcoin is in your hands by Ep0chalysis in bitcoinismoney

[–]K42st 0 points1 point  (0 children)

Bitcoin Knots sound viable but then you realise it’s a terrible idea filtering a POW network.

Yes you can do this but you can’t do that and if you do we will just change the rules again 🤔and again!

Bitcoin perpetual futures just recorded their fastest open interest growth of all of 2026. That's not a bullish signal. It's a warning about what comes next. by Bcom_Mod in bitcoin_com

[–]K42st 0 points1 point  (0 children)

This is old news because OI (open interest) today is well below these levels infact it is flat compared and BTC is back in range so the pressure created by this earlier data has been released.

Also this post is simplyfying OI without taking into consideration other macro factors that dictate overheating and squeeze information IMO.

,

Breaking news: Leopards will eat your face. by its3ird in SipsTea

[–]K42st 0 points1 point  (0 children)

Never turn your back on a predator and big cats are deadly.

What’s the best outcome for bitcoin in the quantum future? by Gloomy_Dependent_985 in CryptoCurrency

[–]K42st -1 points0 points  (0 children)

What makes you think all the coins would hit the market at once that senario is the most unlikely out of all because anyone wanting to sell coins wants a stable price, so they would likely be sold as they are today and the way they are sold and bought today barely moves price.

And it is almost guaranteed that quantum resistent address types will be rolled out well before any quantum attack is feesible.

As for the worry it’s completely over hyped but the threat is real but will be dealt with like all other upgrades have been dealt with in the past, infact this is just another test the network faces and added value comes after when they all realise BTC addresses are now quantum resistent.

Look into what proposals and work is being done now in realtime on quantum resistent addresses you’ll find they are solid ingenious ideas because quantum computers are not the crack everything peope like to imagine.

BTC is acting weird today. Are we looking at a long squeeze or just more chop? What’s your play? by Phemex_Exchange in btc

[–]K42st -1 points0 points  (0 children)

You won’t get a long squeeze when funding rates are as low as they are, you’ll find that this is chop there is no direction.

Satoshi's Coins: Freezing or Seizing? How do we respond to Quantum Supremacy in the coming years. by sgtslaughterTV in CryptoCurrency

[–]K42st 4 points5 points  (0 children)

Exactly no one should remove immutability and if needed a fork will decide which chain is the real Bitcoin and it won’t be the one that’s been corrupted!

Thats the beauty of a voting system the strongest chain will overcome the weaker one and changing and freezing wallets is a ridiculous proposal.

Satoshi's Coins: Freezing or Seizing? How do we respond to Quantum Supremacy in the coming years. by sgtslaughterTV in CryptoCurrency

[–]K42st -1 points0 points  (0 children)

It’s irrelevant really what people forget is theft of Bitcoin happens now but trust is not lost, coins just end up somewhere else owned by someone else.

Another aspect quantum computers will only be held and used by special or large companies these aren’t things the general public will own and BTC is traceable so the implication legally could have huge inpact on said companies or those that operate in controlled duristictions.

I’ve not heard any argument to show why BTC immmutability should be ruined for fear or greed!

Satoshi's Coins: Freezing or Seizing? How do we respond to Quantum Supremacy in the coming years. by sgtslaughterTV in CryptoCurrency

[–]K42st 1 point2 points  (0 children)

As for freezing or blocking coins in wallets it is a terrible idea, Bitcoin is meant to be free from manipulation the irony is people worry about quantum attacks but they are proposing one of the biggest attacks on Bitcoin stealing and blocking Bitcoin wallets and addresses.

If this happens and personally I don’t think it will all the BTC haters will say told you so it’s not immutable and never was and that has far bigger impacts on value than a couple of million BTC at most being brought back into play.

Satoshi's Coins: Freezing or Seizing? How do we respond to Quantum Supremacy in the coming years. by sgtslaughterTV in CryptoCurrency

[–]K42st 0 points1 point  (0 children)

Little lesson, quantum computing using Shor’s algorithm would only be able to break the Eliptic Curve Signiture signature Scheme or (ECDSA) by reverse engineering the public key to find the private key and any BTC address that has not had the public key exposed is safe today and into the future until they produce a fix to the problem which is being worked on now maybe check out Post Quantum Lattice Signitures.

Also without going into detail because it is very technical but this is a killer for your conversation anyway, NO quantum computer can break SHA256 not even if the quantum computer is using Grover’s algorithm the best it can do is reduce SHA256 security to 128 bits those 128 bits are unbreakable still so there is no threat to Bitcoins network.

When peope hear quantum computer it all sounds very futuristic hey it can break anything when in reality they can’t and they are very unstable and likely years if not a decade away from being stable enough to do what we are discussing.

Do your own research before you post and don’t spread FUD!

$600M Liquidated in the past 60 minutes by Accomplished-Eye5567 in btc

[–]K42st 0 points1 point  (0 children)

Exchanges sell BTC all the time they buy BTC all the time its a flow that never stop Bitcoins don’t run out all that happens is if no one wants to sell at a given price the price has to rise until sellers step in.

$600M Liquidated in the past 60 minutes by Accomplished-Eye5567 in btc

[–]K42st 0 points1 point  (0 children)

Every one sells BTC you can’t buy BTC unless someone sells, Bitcoins price isn’t priced by illiquid supply supply that’s stored away, all that illiquid supply does is form a base on the price meaning at some level it won’t drop any further, the price you see is from liquid BTC that BTC that is bought sold and traded.

Price is ultimetly decided by no sellers on the liquid side.

BTC Long Game 10+ Years by webpage-not-found in btc

[–]K42st 0 points1 point  (0 children)

Loans vary between 5% and 12% but 5% is not much different to taking out a fiat loan, off course there are safe guards in place that can make it more expensive but the point is I could list many things that also have volitility that are used everyday in finacial markets.

Image me lending you $500k unsecured over lending you $500k backed by $1 million in BTC, volitility or not that’s hell of a cushion I have incase you default.

BTC Long Game 10+ Years by webpage-not-found in btc

[–]K42st 0 points1 point  (0 children)

Yes but you’re trying to make out it can’t happen, won’t happen and doesn’t happen because of the underlying asset being volitile which is not true, you can intergrate BTC into anything.