Interesting until he starts shilling bitcoin. Like yeah, bro, I’m totally going to be able to buy broccoli with my shitcoins after the world economy collapses
Anyone who is seriously pushing crypto has to be completely ignorant to the fact this is all planned and pushed by actual people. They aren't going to allow some bitcoin powered mad max civilization to rise from the ashes, they are going to destroy anything that isn't a part of their ultimate ideal society, by any means necessary.
They also have no actual legitimate plan for when crypto becomes hackable in ~10 years.
Do you think all of this current crypto craze came organically?
Yes, because the people who have been pro bitcoin long term have gradually changed in what and how they are saying it, quiet desperation is slowly creeping in.
Astro turfed to the nines. Heavily here on the .win too.
When the wave comes you can't say a single word about crypto without getting dogpiled. Then a few weeks later, it's back to reasonable apprehension and suspicion as the norm whenever the subject comes up, with maybe one or two true believers around.
Next time something big hits the media, see if you can spot the wave of astroturfing that happens around here.
One successful quantum computer and all digital "security" as we know it ceases to exist.
People can argue till they are blue in the face over when and where it will happen, but once it does all crypto is as valuable as a 1990s CD key. The industry heads are all saying we are less than 10 years away, quantum computing is essentially functional, it's a matter of stability and scale before an actual "chip" is attached to an interface and the most complex mathematical problems on earth are thrown at it to see what it can do.
It's a literal expiration date for crypto and there is no plan, nor can there even be a plan, to fix or update it. Governments and banks can roll out new currency to replace the old if it becomes a risk for them, but decentralized crypto will simply become worthless. It will of course crash long before it's hacked as news of the computer and it's capabilities will be something of a shot heard round the cyber world.
Anyone who doesn't think this is going to happen, or simply chooses to ignore it, is only out to pump and dump a speculative currency off the backs of their followers.
One successful quantum computer and all digital "security" as we know it ceases to exist.
Indeed it does, the issue is that successful quantum computer [for solving existing digital "security"] is always 10 years away, because guess what, size of keys for encryption is not staying in place, and growing qubit count of quantum computer is a task significantly trickier than slapping larger register on a CPU (which is not trivial task either).
Governments and banks can roll out new currency to replace the old if it becomes a risk for them
That's identical to saying existing currency will become scrap paper, not any different from crypto.
It appears that quantum computing is growing slowly and predictably. Companies already have basic quantum computers solving simple problems. They're not suddenly going to roll out a super-fast quantum computer that can break all encryption overnight, shocking the world.* As we see gains in the field, classical encryption will continue to grow in complexity, and eventually the ciphers will themselves require quantum computers to work.
(*Unless it does, but then by definition it's not predictable.)
They aren't going to allow some bitcoin powered mad max civilization to rise from the ashes
They won't need to actively work against it - the collapse of fiat means serious, long-term, possibly permanent collapse of regional and national electric grids. It would be years or decades before anyone had the means to even "open" their "wallet".
In the event of a collapse, food will last until it spoils, gold and silver will take you as far as consent will go, and from there, the only currency that spends is lead.
Same is true even of gold. You can't eat gold. You can't shoot gold. Save from tiny amounts used in electronics manufacturing (and good luck with that in your shack after the apocalypse), it has no practical use.
It only has value because people agree it does, just like money and Bitcoin. It's better than money because it's harder to "print" (mining gold is basically the same thing as printing money - increasing the supply thus decreasing the value - but at least it actually takes effort), but apart from that it's basically the same thing.
If things go to shit, you want food, fuel, weapons and ammo.
Interesting until he starts shilling bitcoin. Like yeah, bro, I’m totally going to be able to buy broccoli with my shitcoins after the world economy collapses
Anyone who is seriously pushing crypto has to be completely ignorant to the fact this is all planned and pushed by actual people. They aren't going to allow some bitcoin powered mad max civilization to rise from the ashes, they are going to destroy anything that isn't a part of their ultimate ideal society, by any means necessary.
They also have no actual legitimate plan for when crypto becomes hackable in ~10 years.
Yes, because the people who have been pro bitcoin long term have gradually changed in what and how they are saying it, quiet desperation is slowly creeping in.
Astro turfed to the nines. Heavily here on the .win too.
When the wave comes you can't say a single word about crypto without getting dogpiled. Then a few weeks later, it's back to reasonable apprehension and suspicion as the norm whenever the subject comes up, with maybe one or two true believers around.
Next time something big hits the media, see if you can spot the wave of astroturfing that happens around here.
Can you elaborate?
One successful quantum computer and all digital "security" as we know it ceases to exist.
People can argue till they are blue in the face over when and where it will happen, but once it does all crypto is as valuable as a 1990s CD key. The industry heads are all saying we are less than 10 years away, quantum computing is essentially functional, it's a matter of stability and scale before an actual "chip" is attached to an interface and the most complex mathematical problems on earth are thrown at it to see what it can do.
It's a literal expiration date for crypto and there is no plan, nor can there even be a plan, to fix or update it. Governments and banks can roll out new currency to replace the old if it becomes a risk for them, but decentralized crypto will simply become worthless. It will of course crash long before it's hacked as news of the computer and it's capabilities will be something of a shot heard round the cyber world.
Anyone who doesn't think this is going to happen, or simply chooses to ignore it, is only out to pump and dump a speculative currency off the backs of their followers.
Indeed it does, the issue is that successful quantum computer [for solving existing digital "security"] is always 10 years away, because guess what, size of keys for encryption is not staying in place, and growing qubit count of quantum computer is a task significantly trickier than slapping larger register on a CPU (which is not trivial task either).
That's identical to saying existing currency will become scrap paper, not any different from crypto.
It appears that quantum computing is growing slowly and predictably. Companies already have basic quantum computers solving simple problems. They're not suddenly going to roll out a super-fast quantum computer that can break all encryption overnight, shocking the world.* As we see gains in the field, classical encryption will continue to grow in complexity, and eventually the ciphers will themselves require quantum computers to work.
(*Unless it does, but then by definition it's not predictable.)
presumably quantum computing.
They won't need to actively work against it - the collapse of fiat means serious, long-term, possibly permanent collapse of regional and national electric grids. It would be years or decades before anyone had the means to even "open" their "wallet".
In the event of a collapse, food will last until it spoils, gold and silver will take you as far as consent will go, and from there, the only currency that spends is lead.
That too.
If he shilled monero atleast you would know he was being serious. Bitcoin sucks
Then you should set up your personal granary.
The god speaks and he lives.
Same is true even of gold. You can't eat gold. You can't shoot gold. Save from tiny amounts used in electronics manufacturing (and good luck with that in your shack after the apocalypse), it has no practical use.
It only has value because people agree it does, just like money and Bitcoin. It's better than money because it's harder to "print" (mining gold is basically the same thing as printing money - increasing the supply thus decreasing the value - but at least it actually takes effort), but apart from that it's basically the same thing.
If things go to shit, you want food, fuel, weapons and ammo.
Deflation = an increase in the value of money.
"I'm a snaaaaaake."