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Why do you believe those, when the smart money obviously doesn't?
Because bitcoin is a bubble. Many do not want to hear it but that is what it it. Bitcoin has no intrinsic value. It is no different than beanie babies, baseball cards or any collectibles from the past that people thought would make them rich. The power of bitcoin is in hodling - convincing people to never sell, so the price will keep going up ad infinitum. Once that belief fades away, the entire thing will collapse l…
How am I wrong?
Also, Bitcoin is more useful than beanie babies because Bitcoin is censorship resistant, but Beanies can be confiscated. You are fundamentally wrong that Bitcoin holds no intrinic value. Bitcoin’s intrinsic value is method of circumventimg censorship. Tell me how I am wrong and how Bitcoin’s intrinsic value doesn’t stem from censorship resistance due to decentralized nature. You can use GPT5-Pro deep research to aid your answer.
You seem to believe some combination of 'quantum will break all practical crypto by 2030-ish' and 'the big fish in the Bitcoin pond couldn't replace Bitcoin's crypto algorithm'. Why do you believe those, when the smart money obviously doesn't?
If the encryption is cracked, then who is to say who owns which Bitcoin? As soon as I try to transfer any coin that I own, I expose my public key, your "Quantum Computer" cracks it, and you offer a competing transaction with a higher fee to send the Bitcoin to your slush fund. No amount of software fixes can update this. In theory once an attack becomes feasible on the horizon they could update to post-quantum encryption and offer the ability to transfer from old-style addresses to new-style addresses, but this would be a herculean effort for everyone involved and would require all holders (not miners) to actively update their wallets. Basically infeasible.
^^^ Smart money is aware of this fact, yet real estate and gold aren’t outperforming Bitcoin. Is this truly alpha???
Just like during 2008 lot of people noticed that there were issues in the market and assets. But stayed in as there was still money to be made. Honestly it really looks like same thing is now happening again, be it with AI or other type of lending. Cracks are showing, but there is not that much movement yet.
You seem to believe some combination of 'quantum will break all practical crypto by 2030-ish' and 'the big fish in the Bitcoin pond couldn't replace Bitcoin's crypto algorithm'. Why do you believe those, when the smart money obviously doesn't?
Bitcoin transition to post-quantum cryptography is unrealistic due to this fact: If the encryption is cracked, then who is to say who owns which Bitcoin? As soon as I try to transfer any coin that I own, I expose my public key, your "Quantum Computer" cracks it, and you offer a competing transaction with a higher fee to send the Bitcoin to your slush fund. No amount of software fixes can update this. In theory once a…
Seems to me like a great plan, for the big fish to consolidate their control of Bitcoin. At the expense of little people. Who they don't care about.
Earlier quoted context omitted.
Bitcoin transition to post-quantum cryptography is unrealistic due to this fact: If the encryption is cracked, then who is to say who owns which Bitcoin? As soon as I try to transfer any coin that I own, I expose my public key, your "Quantum Computer" cracks it, and you offer a competing transaction with a higher fee to send the Bitcoin to your slush fund. No amount of software fixes can update this. In theory once a…
So...the big fish set up a plan to transition "everyone" to their new Bitcoin 2.0. ( Before the supposed "quantum crypto" smashes the punch bowl.) A bunch of the little people are unable or unwilling to transition. On the day the miners stop recognizing the old-crypto wallets & keys, those all become worthless. Seems to me like a great plan, for the big fish to consolidate their control of Bitcoin. At the expense of…
But that’s not the case. The should be transitioning NOW, but that’s not happening.
Also, even if it was done quickly, it would cause collapse of value.
>Institutions hold Bitcoin. Institutions are smart.
Come on! Especially financial institutions have a serious track record of ignoring obvious problems, outright fraud and monumental incompetence.
Earlier quoted context omitted.
So...the big fish set up a plan to transition "everyone" to their new Bitcoin 2.0. ( Before the supposed "quantum crypto" smashes the punch bowl.) A bunch of the little people are unable or unwilling to transition. On the day the miners stop recognizing the old-crypto wallets & keys, those all become worthless. Seems to me like a great plan, for the big fish to consolidate their control of Bitcoin. At the expense of…
> So...the big fish set up a plan to transition "everyone" to their new Bitcoin 2.0. (Before the supposed "quantum crypto" smashes the punch bowl.) A bunch of the little people are unable or unwilling to transition. On the day the miners stop recognizing the old-crypto wallets & keys, those all become worthless. But that’s not the case. The should be transitioning NOW, but that’s not happening. Also, even if it was d…
Can quantum computers factor arbitrary numbers with 4 digits already?