Samson Mow
@Excellion
Everyone seems to be concerned about things they don’t need to be concerned about.
You don’t need to worry about quantum computers killing #Bitcoin. Worry about QC cracking your nuclear launch codes.
You don’t need to worry about the composition of
@Tether_to’s reserves. They have an additional $30B of group equity outside of full reserves. Worry about your local bank that is definitely fractional and backed by a few rubber bands and chewing gum. You don’t need to worry about at what price
@Strategy will have to sell Bitcoin. Worry about equities you hold that have cash reserves deteriorating at 10% a year and worry about what price they will finally buy Bitcoin at. Thanks for the concern but we don’t need it.
@Tether_to’s reserves. They have an additional $30B of group equity outside of full reserves. Worry about your local bank that is definitely fractional and backed by a few rubber bands and chewing gum. You don’t need to worry about at what price
@Strategy will have to sell Bitcoin. Worry about equities you hold that have cash reserves deteriorating at 10% a year and worry about what price they will finally buy Bitcoin at. Thanks for the concern but we don’t need it.
@JAN3com
"#Bitcoin is not in danger; Bitcoin is the danger."
A major quantum breakthrough would wipe out the entire traditional banking sector first, because their encryption is weaker than Bitcoin's and they lack an upgrade path.
@Excellion on Commercial Times with Ashley Chu. https://t.co/YR5ZBbhcbR