I had a dream! That investors selling Bitcoin with the hopes of rebuying them at a cheaper price, are finding out that the persons buying their Bitcoin have no plans to sell them. Then when those sellers want to rebuy at the lower price, they won’t be able to find anybody to buy them from.
Was just listening to Trevor CTO talk about post Quantum attack on Bitcoin. Interesting! I’d like to get my vote in early. If someone fires up a quantum computer, and breaks the Cryptography on any coins not moved into Quantum resistant addresses, then they should get to keep them. But better yet, how about if someone were to AirDrop those recovered coins on a percentage basis into Quantum resistant addresses of people that already moved their coins. That would be way cool.
What if; Bitcoin was updated to quantum resistant. All you had to do is move your Bitcoin to a quantum resistant address. Then somebody with a quantum computer started with oldest first Bitcoin addresses that have not been moved to quantum resistant addresses, and moved those Bitcoin to a treasury. Let’s say this fellow is an honest someone, that wants people that owned those coins to get them back, even if they were lost or forgotten. If those persons could somehow prove those were theirs they would be returned via a quantum resistant address. I believe that over all, that would be good for Bitcoin.
Blackrock recently warned investors of the dangers of quantum computers to break encryption on Bitcoin. Bitcoin can easily be made quantum resistant. The only problem, if you really feel it is one, is that only old lost, or Satoshi addresses will be able to be hacked. Personally, I don’t see that as a problem. Maybe even a blessing. These old coins will be recirculated into the economy. As they are bought up, the price may fall and then eventually recover. Always need to remember, there only can be 21 million coins in all. No matter how hard we try, there will always be more lost coins in the future. Not as many hopefully as there were originally, as we learn more about how to protect those valuable assets.
Tell me if I’m wrong. Bitcoin mining centralization is not a problem as long as there are individuals outside of the big mining farms that still hash, and have a chance to win a block. When the big farms feel that it’s no longer profitable to mine, the individual farmers that have been there all along without any great hope that they would win a block, will hash on. If the mining farms attempt to change consensus of the block chain to advance their profiteering, then it will be up to the community to block those efforts.
It seems like the North Koreans are being a bit of a pest. They originally get their educations in IT in America. They then take it home to further hone their skills and teach others how to Hack. The Lazarus Group has netted millions of US dollars for their government. Then since 2018, and with illegal immigration into the US much easier they use Fake IDs to infiltrate IT, and Tech jobs in Fortune 500 companies here in the US. They not only funnel their salaries back to North Korea, they also can funnel information, and even plant virus’s into systems for future attacks. All of these funds they earn for their country are used to further Kim Jong Un’s vision of being a Nuclear Super Power. It won’t be easy, but these people need to be weeded out and deported ASAP. The safety of the World is at Stake. I’m sure they will make mistakes in whom they deport, but better safe than sorry is a good saying here.
This is hilarious! I believe there are people out there that will fall for this;
Email from Coinbase
Transition to Coinbase Wallet Required Post-SEC Lawsuit
We’re reaching out with an important update about your Coinbase account. Following the resolution of our lawsuit with the U.S. Securities and Exchange Commission (SEC), we’re transitioning all customer assets to Coinbase Wallet as of April 8, 2025.
The lawsuit, initiated in June 2023, challenged Coinbase’s operations. On April 5, 2025, the SEC dismissed the case after forming a Crypto Task Force to reassess regulations. As part of this outcome, we’re required to shift assets to self-custodial wallets. This means your crypto will now be held in Coinbase Wallet, giving you full control, while we continue to serve as your trusted broker for trading.
To facilitate this, we’ve created a unique 12-word recovery phrase—your Coinbase Identity—to access your funds. Please store it securely offline and keep it private. This phrase is essential for managing your wallet.
1. panther
2. grunt
3. search
4. nominee
5. bless
6. wheat
7. energy
8. dragon
9. plug
10. shuffle
11. fit
12. funny
We recommend setting up your Coinbase Wallet soon—ideally by May 8, 2025—to ensure uninterrupted access to your assets. Here’s how to get started:
Step 1: Set Up Coinbase Wallet
* Download the Coinbase Wallet app (iOS/Android) or Chrome extension.
* Select “I already have a wallet” and enter your recovery phrase.
Step 2: Transfer Your Assets
* In Coinbase Wallet, use “Receive from Coinbase” to move your assets.
* Confirm your balances after the transfer.
Step 3: Complete the Transition
* Aim to finish by May 8, 2025, for seamless access.
* Need help? Reach out at help.coinbase.com.
This change reflects our commitment to compliance and your security. Coinbase Wallet offers enhanced control with the reliability you trust from us. We’re here to support you through this process.
Thank you for choosing Coinbase.
I wish that Bitcoin Short term holders/traders will get burned, stay burned, and never come back. Bitcoin does not need these people that only believe in Bitcoin as a tool to stack more Fiat.