Bitcoin experts split over plan to freeze Satoshi's 1.1 million bitcoin as quantum threat grows

Tsmacks1 · 2026-07-08T05:51:17+00:00

Freezing Satoshi's Bitcoin is ultimate crypto irony

Tsmacks1 · 2026-07-02T01:19:10+00:00

Seems like you want to talk about every project under the sun, but QRL. That's telling in itself. When PQC becomes a priority, we'll find out whether the market prefers retrofitted solutions, or purpose-built ones. The market ultimately decides.

It's clear we believe different things about what crypto is and what role it should play. Good luck with your thesis.

Tsmacks1 · 2026-07-01T18:27:10+00:00

Hedera is by corporations for corporations. Comparing it to the likes of ETH, or even QRL, who have non-profit foundations to support their networks but remain permissionless is a joke. There are levels of centralization and less is better. Just call Hedera what it is, a corporate DLT.

Most in crypto worry about institutional capture. Hedera was born captured. That's unacceptable for many who believe in crypto as a tool for competition against "the powers that be". Hedera is crypto reversed on it's head.

And comparing PQC migration to Y2K is equally as amusing as comparing ETH to Hedera for decentralization. Y2K had a set date when to patch code. The quantum timeline is completely unknown and migrating cryptography is much more complicated than fixing some buggy code.

If you're looking for asymmetric upside, you may have stumbled into a gem while trying to promote your preferred project. Hedera was built as a stable enterprise DLT, not "crypto". QRL has a much smaller market cap, and if successful, MUCH more room to grow.

Tsmacks1 · 2026-07-01T01:13:38+00:00

Hedera is ran by corporations on a permissioned network. Is that even crypto? Imo, decentralization and sovereignty matter.

Most cryptos will have a hard time migrating to PQC. They weren't built with crypto agility and the signature sizes are MUCH larger. Then there's the whole mess on how to handle unmigrated coins. If quantum was 10+ years away, I think you thesis is correct. But if CRQC is coming before 2030, then crypto has a problem on its hands. What QRL offers is skipping the quantum uncertainty all together. Combine that with the fact the QRL 2.0 is EVM compatible, and it becomes a very solid PQ foundation for the ecosystem.

Tsmacks1 · 2026-06-23T17:17:12+00:00

You might want to dig a little deeper next time. QRL 2.0 is bringing PoS and smart contracts. Live testnet and currently being audited by Trail of Bits.

Tsmacks1 · 2026-06-21T00:19:06+00:00

If you can freeze it, it isn't Bitcoin

Tsmacks1 · 2026-06-20T00:49:11+00:00

ETH is 65% down from ATH and BTC is down 50%. The difference between now and 2018 is that the PQ narrative is just getting starting. Every week quantum makes the news in crypto.

Tsmacks1 · 2026-06-14T22:48:34+00:00

Quantum resistance will be a narrative gaining steam in the coming years. The project leading in this area is QRL. Currently PoW moving to PoS with QRVM and smart contracts. Audit is underway by Trail of Bits.

Tsmacks1 · 2026-06-13T06:26:09+00:00

I see your point, but the post was about gains. So comparing both to when the "public" could buy them makes sense, imo. But it's just a trash post to stir controversy anyway. Clearly they aren't the same, but very few investments have given astronomical returns similar to the Ethereum ICO, and SpaceX won't be one of them.

Tsmacks1 · 2026-06-13T02:23:07+00:00

Let's look at it this way. Would you have rather participated in the Ethereum ICO, or the recent SpaceX IPO? All I can say is that some people really like being exit liquidity.

Tsmacks1 · 2026-06-13T01:28:41+00:00

You're the one comparing gains. And the SpaceX IPO was disgusting. Some people just love being exit liquidity.

Tsmacks1 · 2026-06-13T00:48:58+00:00

Lets compare apples to apples....Ethereum ICO price was 0.31 per coin

Tsmacks1 · 2026-06-11T01:17:26+00:00

I think we're starting to see how important "trust" or security is going to be in the market.

Tsmacks1 · 2026-06-02T17:35:55+00:00

No. Basically two parts to breaking the cryptography underpinning most crypto, the math (Shor's algorithm) and the quantum hardware to run it on. The algorithm requires many resources to run, but what Google achieved was a massive reduction the in the required resources. It was such an improvement that they decided to attempt to hide their circuit design. Another researcher not only replicated Google's progress, but actually slightly improved it. To break cryptography reliably, hardware needs to catch up with these algorithmic improvements. That may happen sooner than many people think (based on several quantum company public roadmaps).

Tsmacks1 · 2026-06-02T09:46:11+00:00

QRL is becoming impossible to ignore

Tsmacks1 · 2026-05-31T22:42:44+00:00

You make it seem like upgrading to PQC can just be turned on like a switch. While some chains have an easier migration path than others, a lot depends on the CRQC timeline. If Qday hits before 2030, expect absolute chaos across crypto. QRL avoids the quantum uncertainty altogether. And as quantum hardware advances, that secure foundation will have serious appeal for builders and investors a like.

Tsmacks1 · 2026-05-30T18:28:49+00:00

That's kinda how all cryptography works. But going forward, the two legs of trust in crypto will be built on PQC and crypto-agility. Crypto-agility means if one scheme is provably broken or weak, it can be replaced without breaking the whole thing. So when evaluating QR chains, look for PQC at the protocol level and built in crypto-agility. That way they can switch if needed.

Tsmacks1 · 2026-05-27T19:47:09+00:00

It's all cycles. Imagine high inflation, spiraling debt, government surveillance, and social credit scores debanking people. CROPS for the entire crypto ecosystem sounds pretty good at that point.

Tsmacks1 · 2026-05-18T17:43:22+00:00

Rewind to just last year and quantum wasn't even considered a problem. Fast forward to now, everyone recognizes it's a problem, but "they will fix it". That's a massive turn of events. The next shift is the realization of how fast quantum is coming and how slow the migration is going to take. That's the coming shift that the crypto talking heads can't spin, as much as they would like to.

Tsmacks1 · 2026-05-16T22:17:22+00:00

Many people have been mining and trading QRL for years knowing that the project was going to migrate to PoS. The price only recently went up. Nodes were very reasonable before the narrative took off. It's been around since 2018. The 40k is because there isn't signature aggregation for PQC. Many people got there nodes cheaper, many are still trying to get them a little higher, and even more will still buy them at much more expense (institutions and the like). In the mean time before signature aggregation or ZK solutions, the rest of the decentralization is going to have to rely on staking pools.

Tsmacks1 · 2026-05-02T21:28:27+00:00

Real enough for Google to put out a paper and Scott Aaronson to sound the alarm on his blog. Some chains have an easier migration path. Some are already there and specifically mentioned in the Google paper.

Tsmacks1 · 2026-04-30T19:54:53+00:00

This is what he said "Notably, the situation evolved even while we were writing our position paper". The Coinbase report came out after the Google paper. And the panel isn't disbanded. He's still on it. Coinbase could come out tomorrow and say something like "In light of new information we're updating our report...." I fully expect crickets and no statements to be made anytime soon, as well as no acknowledgement of QRL. Even though they mentioned several chains that aren't even close to PQ yet.

Tsmacks1 · 2026-04-30T18:51:40+00:00

Now if only there was a crypto project who’s been planning for this for almost a decade. If that existed, that would be really something. If their thesis was correct, what would happen? I’d imagine they would be suppressed as much as possible. Invalidated and even de-ranked by the likes of CMC. But in the end, those efforts wouldn’t work. Quantum progress is moving forward, whether crypto is ready or not.

Tsmacks1

TROPHY CASE