Ninjastic
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Next scheduled rescrape ... never
Version 3
Last scraped
Edited on 26/07/2025, 16:36:37 UTC
Quote from: Pmalek on July 19, 2025, 03:28:50 PM
Quote from: ABCbits on July 19, 2025, 08:40:55 AM
The moment i see Jameson Lopp as one of the BIP author, i'm not surprised about details of the phase B. After all, he already wrote blog post Against Allowing Quantum Recovery of Bitcoin.
He is one of the authors of the BIP proposal but there are five more. So they all agree on those points in Phase B.

I don't know what to think. It feels like choosing between two evils, hoping you picked the lesser one. Allow satoshi-era coins to be stolen if a strong-enough quantum computer becomes a reality. That would cause a devastating affect on the network. The alternative looks even worse: freeze the coins and effectively take them out of circulation for the greater good of the network and again destroying trust in Bitcoin and censoring it.
I think everyone is overestimating the effect of this. All it does is reintroduce some more supply into circulation, it does not change the total coin count or anything else. Once it happens, it is done and the network has swallowed the solution to the problem. We are not talking about something that will kill Bitcoin for example by completely breaking it. One of the reasonreasons why people are exaggerating this is because everyone has been writing about this isin a very negative way for a long time. If it is something that is an expected progression of the networksnetwork's evolution, and if we start talking about it as something that must happen and something that is normal then the fears will get loweredlower over time. A smart attacker would not dump thiscompromised coins fast, it is actually a very good way to build a country reserve.  Wink

Shitcoin people inflate both their circulating and total supply all the time in many ways, relax.
You can reframe it to something more normal such as "some satoshi-era Bitcoin finally mined using quantum computers".
Version 2
Edited on 19/07/2025, 17:06:25 UTC
Quote from: Pmalek on July 19, 2025, 03:28:50 PM
Quote from: ABCbits on July 19, 2025, 08:40:55 AM
The moment i see Jameson Lopp as one of the BIP author, i'm not surprised about details of the phase B. After all, he already wrote blog post Against Allowing Quantum Recovery of Bitcoin.
He is one of the authors of the BIP proposal but there are five more. So they all agree on those points in Phase B.

I don't know what to think. It feels like choosing between two evils, hoping you picked the lesser one. Allow satoshi-era coins to be stolen if a strong-enough quantum computer becomes a reality. That would cause a devastating affect on the network. The alternative looks even worse: freeze the coins and effectively take them out of circulation for the greater good of the network and again destroying trust in Bitcoin and censoring it.
I think everyone is overestimating the effect of this. All it does is reintroduce some more supply into circulation, it does not change the total coin count or anything else. Once it happens, it is done and the network has swallowed the solution to the problem. We are not talking about something that will kill Bitcoin for example by completely breaking it. One of the reason why people are exaggerating this is because everyone has been writing about this is a very negative way for a long time. If it is something that is an expected progression of the networks evolution, and if we start talking about it as something that must happen and something that is normal then the fears will get lowered. A smart attacker would not dump this fast, it is actually a very good way to build a country reserve.  Wink

Shitcoin people inflate both their circulating and total supply all the time in many ways, relax.
You can reframe it to something more normal such as "some satoshi-era Bitcoin finally mined using quantum computers".
Version 1
Scraped on 19/07/2025, 16:41:35 UTC
Quote from: Pmalek on July 19, 2025, 03:28:50 PM
Quote from: ABCbits on July 19, 2025, 08:40:55 AM
The moment i see Jameson Lopp as one of the BIP author, i'm not surprised about details of the phase B. After all, he already wrote blog post Against Allowing Quantum Recovery of Bitcoin.
He is one of the authors of the BIP proposal but there are five more. So they all agree on those points in Phase B.

I don't know what to think. It feels like choosing between two evils, hoping you picked the lesser one. Allow satoshi-era coins to be stolen if a strong-enough quantum computer becomes a reality. That would cause a devastating affect on the network. The alternative looks even worse: freeze the coins and effectively take them out of circulation for the greater good of the network and again destroying trust in Bitcoin and censoring it.
I think everyone is overestimating the effect of this. All it does is reintroduce some more supply into circulation, it does not change the total coin count or anything else. Once it happens, it is done and the network has swallowed the solution to the problenproblem. We are not talking about something that will kill Bitcoin for example by completely breaking it. One of the reason why people are exaggerating this is because everyone has been writing about this is a very negative way for a long time. If it is something that is an expected progression of the networks evolution, and if we start talking about it as something that must happen and something that is normal then the fears will get lowered. A smart attacker would not dump this fast, it is actually a very good way to build a country reserve.  Wink

Shitcoin people inflate both their circulating and total supply all the time in many ways, relax.
Original archived Re: J. Lopp's Post-Quantum Migration BIP
Scraped on 19/07/2025, 16:36:47 UTC
Quote from: Pmalek on July 19, 2025, 03:28:50 PM
Quote from: ABCbits on July 19, 2025, 08:40:55 AM
The moment i see Jameson Lopp as one of the BIP author, i'm not surprised about details of the phase B. After all, he already wrote blog post Against Allowing Quantum Recovery of Bitcoin.
He is one of the authors of the BIP proposal but there are five more. So they all agree on those points in Phase B.

I don't know what to think. It feels like choosing between two evils, hoping you picked the lesser one. Allow satoshi-era coins to be stolen if a strong-enough quantum computer becomes a reality. That would cause a devastating affect on the network. The alternative looks even worse: freeze the coins and effectively take them out of circulation for the greater good of the network and again destroying trust in Bitcoin and censoring it.
I think everyone is overestimating the effect of this. All it does is reintroduce more supply into circulation. Once it happens, it is done and the network has swallowed the solution to the problen. We are not talking about something that will kill Bitcoin for example by completely breaking it. One of the reason why people are exaggerating this is because everyone has been writing about this is a very negative way for a long time. If it is something that is an expected progression of the networks evolution, and if we start talking about it as something that must happen and something that is normal then the fears will get lowered.