I really don’t get the quantum FUD. Even if you set aside the fact that it’s a venture capital scam: If you are worried, buy and hold in a Segwit address and wait until the fork to fix it.
https://fountain.fm/episode/GAa4m3IWUWVeR1CW5eyP
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Replies (9)
The fork is the attack
But again if that’s the case, why be concerned? An optional new quantum format if it went through and you don’t like just don’t use it…
Depends entirely on implementation and on conviction. When the psyops start flowing and the foundations get paid to “prove” your cryptography is broken, very few people will be prepared to run the original chain. Most will fold to the narrative.
Tthe real question is:
Do you actually trust the cryptography, or are you already convinced it’s broken?
Because if you don’t have conviction now, you won’t have it when the pressure hits. And once a hard fork happens under fear, there’s no going back. We’re running out of time to decide whether we stand with verifiable physics or with unverifiable stories.
I haven’t even seen a concept of a proposal let alone an actual proposal or BIP that would cause a hard fork or chain split, just additional cryptography options. Please give an example.
Again, my stance is that there is not a need to be worried. You can just stay in Segwit if you’re worried. I think you’re grossly misinterpreting my position.
I’m not worried at all lol. Bitcoin falsifies the model.
I’m just worried we might harm Bitcoin before that truth is known.
https://github.com/jlopp/bips/blob/quantum_migration/bip-post-quantum-migration.mediawiki
Seems like a soft fork, but I don’t see how consensus wouldn’t be fractured.
This is DOA and I’ve seen almost no mainstream entities support.
a successful soft fork by definition means it has consensus. So either it gets adopted because it has a super majority or economic actors supporting, or it fails and is irrelevant.
Watching the PBJ summit, Trying to steelman Lopp’s position I think he is as much just trying to get people to take it seriously and do SOMETHING as opposed to thinking this is the only viable option.
My guess is we get a new address format(optional) and maybe a rate limit on the most vulnerable p2pk utxos.