3 ms·

People will FUD. After the cycle is over, Bitcoin will make new ATH and the people who bought the dip will be called lucky. Same old tale

oldandboring 4mo ago
> Same old tale I have sweatshirts that are older than Bitcoin, brother.
- Overpower0416 4mo ago
  And will certainly outlive your sweatshirts
- KetoManx64 4mo ago
  Your sweatshirt was made in a factory by maybe 10 people. Bitcoin has tens of thousands of people running nodes, mining, and is the largest collective CPU compute that has ever existed.
OutOfHere 4mo ago
Precisely, although the dip is likely to be deeper. Having said this, the quantum risk is real, and if left unaddressed, the pattern will break.
- Overpower0416 4mo ago
  People will come up with whatever narrative for Bitcoin. Bears sound smart but in the end bulls make the money
  - OutOfHere 4mo ago
    Are you one of those people who have much difficulty understanding even the basics of quantum computing and what it implies for cryptography and for Bitcoin after 2029?
    - Overpower0416 4mo ago
      There are many articles with sources that a Bitcoin post-quantum algorithm is in development and running on a testnet. Your fear is irrational and premature on something that is not even close to being production ready. The recent AI development and progress has fried everyone's brain that every new tech will take a financial quarter to develop. Maybe I should sell my gold also because nuclear fusion will make it plentiful and obsolete as store of value?
      - OutOfHere 4mo ago
        Oh it will take many iterations of any testnet algorithm for it to really be sufficient against quantum computing. It will also add to the computational burden on the nodes, which has its own cost. Moreover, many of the Bitcoin wallet types, except perhaps SegWit, readily leak their public key when a transaction is made. All this has nothing to do with AI. The current forecast for commercial quantum computing is 2029.

oldandboring 4mo ago

> Same old tale I have sweatshirts that are older than Bitcoin, brother.

Overpower0416 4mo ago
And will certainly outlive your sweatshirts
KetoManx64 4mo ago
Your sweatshirt was made in a factory by maybe 10 people. Bitcoin has tens of thousands of people running nodes, mining, and is the largest collective CPU compute that has ever existed.

OutOfHere 4mo ago

Precisely, although the dip is likely to be deeper. Having said this, the quantum risk is real, and if left unaddressed, the pattern will break.

Overpower0416 4mo ago
People will come up with whatever narrative for Bitcoin. Bears sound smart but in the end bulls make the money
- OutOfHere 4mo ago
  Are you one of those people who have much difficulty understanding even the basics of quantum computing and what it implies for cryptography and for Bitcoin after 2029?
  - Overpower0416 4mo ago
    There are many articles with sources that a Bitcoin post-quantum algorithm is in development and running on a testnet. Your fear is irrational and premature on something that is not even close to being production ready. The recent AI development and progress has fried everyone's brain that every new tech will take a financial quarter to develop. Maybe I should sell my gold also because nuclear fusion will make it plentiful and obsolete as store of value?
    - OutOfHere 4mo ago
      Oh it will take many iterations of any testnet algorithm for it to really be sufficient against quantum computing. It will also add to the computational burden on the nodes, which has its own cost. Moreover, many of the Bitcoin wallet types, except perhaps SegWit, readily leak their public key when a transaction is made. All this has nothing to do with AI. The current forecast for commercial quantum computing is 2029.