Post-quantum signatures may require block size increases
“Jonas' observation was, I'm not advocating for this, but a case could be made for a block size increase because if the whole point is making sure that the nodes are computationally robust enough to manage and verify the transactions, we now have a much easier computational load CPU cycle-wise. It'll take up more space, so that context is relevant.”
Institutions may dictate the winner of future forks
“When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion. Not only the institutions have won, the institutions are where Bitcoin derives its value. That's actually what is being said. When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion.”
Freezing Satoshi’s coins violates core Bitcoin property rights
“Property rights are a key fundamental value of Bitcoin. So we cannot, as Bitcoiners, steal someone else's coins. And that is what we're doing if we freeze those coins. I think the long-term value is actually far lower than Bitcoin as it is today. If we choose not to steal those funds, it retains all those fundamental values. I don't mind if someone wants to dump 2 million Bitcoin on the market; it’s going to suck for a while, but we'll get some cheap sats.”
BinoHash enables quantum resistance without network upgrades
“Robin Linus basically has figured out a way using many, many quirks of how Bitcoin works to create scripts that today, without an upgrade, can actually be made in a quantum proof way. He basically figured out a way to do that hash-based signing algorithm today, even though those transactions are 10 kilobytes each and not standard in current mempools.”
Chain splits rely on economic weight for resolution
“In this monetization upswing of Bitcoin, you have to view it as almost like a rotation of capital into new hands. Bitcoin as a network of anarchy, economic weight is a very important factor when trying to resolve disputes. If you have millions of coins being held by these institutions, I think over the coming couple of years, there is going to be another clash.”
Institutions may dictate the winner of future forks
“When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion. Not only the institutions have won, the institutions are where Bitcoin derives its value. That's actually what is being said. When you say the institutions have blessed this chain, you're saying that their thesis and vision of what Bitcoin is, is the champion.”
Freezing Satoshi’s coins violates core Bitcoin property rights
“Property rights are a key fundamental value of Bitcoin. So we cannot, as Bitcoiners, steal someone else's coins. And that is what we're doing if we freeze those coins. I think the long-term value is actually far lower than Bitcoin as it is today. If we choose not to steal those funds, it retains all those fundamental values. I don't mind if someone wants to dump 2 million Bitcoin on the market; it’s going to suck for a while, but we'll get some cheap sats.”
Quantum computing threatens addresses with exposed public keys
“Satoshi's coins are vulnerable, and all the Taproot coins are vulnerable, because they are the two address formats that expose the raw public key. Whenever you go to spend, you have to reveal your public key no matter what. And to your point, a long range versus short range quantum attack... most of the safer, the well-tested signing algorithms are hashes.”
“Bitcoin is this somewhat of a hero's journey. It is a call to adventure in this technological cyberspace world. This very powerful tool for self-sovereignty and a check on government's authority over your life. It's a global, universal story, and it's something that everyone gets different value out of. And you constantly have tests. Every day, you hold Bitcoin as a test.”
Post-quantum signatures may require block size increases
“Jonas' observation was, I'm not advocating for this, but a case could be made for a block size increase because if the whole point is making sure that the nodes are computationally robust enough to manage and verify the transactions, we now have a much easier computational load CPU cycle-wise. It'll take up more space, so that context is relevant.”
“Bitcoin is this somewhat of a hero's journey. It is a call to adventure in this technological cyberspace world. This very powerful tool for self-sovereignty and a check on government's authority over your life. It's a global, universal story, and it's something that everyone gets different value out of. And you constantly have tests. Every day, you hold Bitcoin as a test.”
Chain splits rely on economic weight for resolution
“In this monetization upswing of Bitcoin, you have to view it as almost like a rotation of capital into new hands. Bitcoin as a network of anarchy, economic weight is a very important factor when trying to resolve disputes. If you have millions of coins being held by these institutions, I think over the coming couple of years, there is going to be another clash.”
Quantum computing threatens addresses with exposed public keys
“Satoshi's coins are vulnerable, and all the Taproot coins are vulnerable, because they are the two address formats that expose the raw public key. Whenever you go to spend, you have to reveal your public key no matter what. And to your point, a long range versus short range quantum attack... most of the safer, the well-tested signing algorithms are hashes.”
BinoHash enables quantum resistance without network upgrades
“Robin Linus basically has figured out a way using many, many quirks of how Bitcoin works to create scripts that today, without an upgrade, can actually be made in a quantum proof way. He basically figured out a way to do that hash-based signing algorithm today, even though those transactions are 10 kilobytes each and not standard in current mempools.”