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I've been waiting for bitcoin to collapse since it started, and books like Number Go Up make an excellent case for why the whole thing is built on a house of ca

I've been waiting for bitcoin to collapse since it started, and books like Number Go Up make an excellent case for why the whole thing is built on a house of cards. And yet, empires are bought and sold off of questionable financial vehicles all the time. Most of it is a ponzi scheme or some other mean grift. The question mostly becomes, how much do you trust the creator of Inspector Gadget and a bit child actor with the guaranteeability of every Tether? The first full-scale run on it that shows an exchange can't be fulfilled in a timely fashion brings the whole enterprise to its knees, right? The problem has now become that enough people think these instruments are legitimate that, like most questionable financial vehicles, when they collapse, some government entity will be required to bail the bad guys out and shift the cost onto anyone who was unlucky enough to be within the blast radius of the whole thing. Which is pretty much all of us at this point, either directly or indirectly.

specialist 1y ago
With the race towards quantum supremacy, POW-based cryptocurrencies (Bitcoin) will be broken. Facing default, governments will fast track adoption of QuantumCoin as the reserve currency. What a32z has trademarked as “Web 4.0”. QuantumCoins (qoins) relies on a novel disproof of error algorithm to establish ownership. Somehow, a single qoin captures a unique position of the qubit matrix's superposition. tbh, I don't really understand the maths. I do know the quantum supreme race requires ever more qubits. Smart money is already investing in legendary earth minerals, needed for the superconducting cooling vessels.
- karmakurtisaani 1y ago
  This is a joke right? Just checking, because it's a good one.
- KetoManx64 1y ago
  You don't understand how Bitcoin works. Bitcoin is not a static thing. It has forked (changed) multiple times from the date of its inception to update it's code to go in the direction that it's users thought was a better path for it's future. That will happen again once quantum actually starts becoming something to actually worry about.
KetoManx64 1y ago
One day your grandchildren will look at you and shake their heads in disappointment about the fact that you just sat by and let the greatest investment. Opportunity of the last 100 years just pass you by.

specialist 1y ago

With the race towards quantum supremacy, POW-based cryptocurrencies (Bitcoin) will be broken. Facing default, governments will fast track adoption of QuantumCoin as the reserve currency. What a32z has trademarked as “Web 4.0”. QuantumCoins (qoins) relies on a novel disproof of error algorithm to establish ownership. Somehow, a single qoin captures a unique position of the qubit matrix's superposition. tbh, I don't really understand the maths. I do know the quantum supreme race requires ever more qubits. Smart money is already investing in legendary earth minerals, needed for the superconducting cooling vessels.

karmakurtisaani 1y ago
This is a joke right? Just checking, because it's a good one.
KetoManx64 1y ago
You don't understand how Bitcoin works. Bitcoin is not a static thing. It has forked (changed) multiple times from the date of its inception to update it's code to go in the direction that it's users thought was a better path for it's future. That will happen again once quantum actually starts becoming something to actually worry about.

KetoManx64 1y ago

One day your grandchildren will look at you and shake their heads in disappointment about the fact that you just sat by and let the greatest investment. Opportunity of the last 100 years just pass you by.