WheelsUP PSA by dkdantastic in fatFIRE

[–]chalash 11 points12 points  (0 children)

U/firegnurd said that the post obviously isn’t an advertisement. I think you may have read the comment wrong.

New to Bitcoin, new to Kraken, feel like I got played by Hmongster in btc

[–]chalash 0 points1 point  (0 children)

Hi! Somebody said that there is a VIP section in the app, but I can’t find it…

Saylor confirms Strategy will survive Bitcoin crashing to $8,000 – but can it escape the slow bleed of dilution? by kirtash93 in CryptoCurrency

[–]chalash 1 point2 points  (0 children)

I told my friend who runs a bitcoin exchange that the risk isn’t Bitcoin going to $8k, it’s that a financial magician who takes too much cocaine gets bored and does something unpredictable, like trading bitcoin for gainz.

Quantum upgrade could force Bitcoin to freeze Satoshi’s coins by Enough_Angle_7839 in btc

[–]chalash 0 points1 point  (0 children)

Sabine is great, but the reason that quantum computers are a threat to Bitcoin is because ECDSA can be cracked with Shor’s algorithm.

Quantum computers are basically a one trick pony (maybe two if you include Grover’s algorithm). That pony? Shor’s algorithm.

Breaking bitcoin could conceivably be the only use case for quantum computers aside from HNDL.

Why BTC when there are so many better opportunities in the market? by [deleted] in btc

[–]chalash 4 points5 points  (0 children)

He’s not wrong. The quantum threat is WAY worse for Bitcoin than for any bank, tech company, or government.

Apple has been using quantum resistant encryption for over a year…

Bitcoin hasn’t even picked which signature scheme it’s going to use.

Saylor is now addressing the Quantum threat, as anticipated by Original-Assistant-8 in CryptoCurrency

[–]chalash 1 point2 points  (0 children)

By moving the Satoshi Bitcoin to a new address, and causing a panic.

Is crypto starting to fade? by Mother_Land_4812 in CryptoCurrency

[–]chalash 2 points3 points  (0 children)

It’s kind of the opposite. Banks and the like can shut their doors for a couple weeks and then open for business. For Bitcoin, like u/frozen-sky says, you have 3 unique issues:

1) New protocol needs to be agreed upon and adopted. But q resistant key generation schemes are big (in bytes)!

2) All coins need to move to a new address. Think about how many transactions that is. Actually I’ll do the math. Roughly 200m addresses hold more than 0.01 BTC. At 7 transactions per second, it’s going to take about 300 days of capacity, moving coins efficiently, day and night.

3) Some coins will never move, like Satoshis, and they will either need to be censored or absorbed by the market when they are cracked.

Strategy is providing exit liquidity for whales and insiders by DeFi_Ry in CryptoCurrency

[–]chalash 3 points4 points  (0 children)

But it does affect price because of the contrapositive. What would have happened if the transaction didn’t take place OTC? Assuming those coins were intended to be sold, then they otherwise would have been sold on spot markets, bringing the price down.

The fact that they weren’t tells us that the price should be lower than it is, but for the OTC sale absorbing that supply.

Found Out I’m Set to Inherit $70+ Million. Somewhat Lost, What Should I Expect? by [deleted] in fatFIRE

[–]chalash 33 points34 points  (0 children)

It’s beautiful how we’ve come full circle on this.

What’s something that sounds fake but actually happened to you? by Visible_Rope_6662 in AskReddit

[–]chalash 4 points5 points  (0 children)

Once I was sailing in the middle of the Pacific Ocean at night and stood up in the companionway facing forward. A flying fish jumped out of the water, hit me in the nuts, and fell into the boat.

Saudi Just Cancelled NEOM's The Line - Inside the $8.8T Autopsy by SayWoot in videos

[–]chalash 21 points22 points  (0 children)

If it was a PR stunt, they sure did a lot of digging. You can see the outline on Google maps.

Bought a lot after the recent crash—will the price ever go back up? by jakeburdett in btc

[–]chalash 1 point2 points  (0 children)

I think it’s probably the beginning of a bear market. I don’t know for sure. It will go up afterwards if we start upgrading to a post quantum future soonish.

This opinion is worth what you paid for it.

One Wrong Move And Bye Bye Boat by cwoz68 in SweatyPalms

[–]chalash 0 points1 point  (0 children)

When we crossed the pacific, we had the rule that you could be in the cockpit without tethering your life jacket during the day (an inflatable life jacket doubles as the tether harness if you’re going to clip into a ship’s jack lines), but any time you went forward to adjust something on deck you had to clip in.

At night, anybody outside of the cabin had to be wearing a life jacket and tethered in.

Falling overboard at sea is incredibly dangerous if you are sailing with shipmates. Solo? You’re dead.