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151 sats \ 1 reply \ @TheBTCManual 24 Dec \ on: Why QC Can't Kill BTC Matt Corallo bitcoin
Lol when I heard chamath shilling QC cooking Bitcoin I knew we were safe
The satoshi coins serve as a warning signal/honey pot for QC, if it ever moves we know the threat is serious that's its purpose at this point. Do I think QC users would go for BTC first? No I think theres a lot of other networks to go for, both fiat and shitcoins
Also what happens when those coins move? how much liquidity can you access by dumping them before the market reacts knowing you'd sell at any price? I don't think there should be a roll back, if someone can crack the scheme and get the funds and dump that million coins and we go down to a uber low price for a while who cares?
The supply will eventually be absorbed moved to a better address scheme and we move on. You had 15-20 years to move to another address scheme so clearly you not too bothered with those coins or its lost.
the hard cap remains so i'm a no for snapshot and fork
I think this is the better option in the end. There could be an 80-90% drop with some hodlers thinking the Patoshi coins moving is a deal breaker. The market would eventually recover as you said, the supply never changed.
Rolling back the chain would cause a fork IMO. It would also be a deal breaker for some and it would imply that Bitcoin was not as decentralized as everyone thought. The market might not recover from a roll back.
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