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This is the level of discussion and nuance about cryptocurrency that I wish was more common on hackernews The discussion about the $460 billion bounty to take
by yieldcrv 1y ago
This is the level of discussion and nuance about cryptocurrency that I wish was more common on hackernews
The discussion about the $460 billion bounty to take “lost” bitcoin in pre-quantum proof addresses and moved to post-quantum proof ones is worthy of many threads
the quantum-scare in crypto is very unnuanced - even crypto proponents handwaive it away - when the reality explains the original confidence in this system: it adapts. Post quantum addresses will be fine
And speaking of fine, the system is “good enough”. The decentralization is “good enough“, the development platform is “good enough”, the aggregate processing power of the execution environment doesn’t need to be more powerful than a $50 raspberry pi device as it’s “good enough” - you can use those nodes as microcontrollers in the cloud and there isn’t a similar offering and pricing strategy in non-distributed ledger cloud systems