Datavetaren
@Datavetaren
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Software Engineer & Computer Scientist. Programming Languages / Compilers. Cryptocurrency Enthusiast. Bitcoin. BTC:13gRyzrNoEi1AbAJ6LXZCJytg9L8YmE7Kb
Joined April 2012
To those who are selling all your bitcoin: ok, fine, but please don't ever come back. Not even on a lower price point.
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* Germany is about to abandon its deficit break. * Sweden is about to throw budget balancing overboard. * EU is talking about taking loans to finance the military. Fiat floodgates are open AND PEOPLE ARE SELLING THEIR BITCOIN?
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I'll give some context. I've sold a LOT of bitcoin. And buying it back right away (Swedish registered ETP). That way I avoid all tax. Registered ETPs are tax exempt. If bitcoin sky rockets, it's all tax free for me. Yes, I did it just now. I believe in bitcoin that much!
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Biden actively trying to sabotage Bitcoin. Keep calm and buy bitcoin.
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Bitcoin is not doing anything wrong. LTHs may cash out. In 10 years you'll that LTH. Keep buying.
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Question: Why do you think traders use bitcoin ETFs? Why restrict yourself to a platform with opening hours? Why not just have a real bitcoin exchange where you buy/sell at any time? I thought ETFs were for semi/long bitcoin investments.
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REMINDING YOU In year 2029 Google releases the fantastic groundbreaking QC chip with 207 qubits. Revolutionary! YET, it's not anything for practical use. And it'll certainly not break #bitcoin. DO NOT DUMP YOUR BITCOIN
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5) In 2030 there'll be _something_ released but it won't be able to break ECC (bitcoin). 6) Nice picture of thr chip but you forgot to include the cooling infrastructure, which is huge and not that scalable. 7) We don't know if QC can scale for real. Nobody knows.
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There's so many wrongs in this thread. 1) It's not a 30-year problem solved overnight. Exactly the same design was released by Google in 2019 with 53 qubits. 2) QC does not follow Moore's law. 3) SHA255 is unbreakable even with QC 4) ECC is breakable but requires millions qbits
This is Willow Google’s quantum chip that solved a 30-year problem overnight And in 6 years, it could change the fate of crypto Here’s how to prepare (before it’s too late) 🧵 1/12
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End this quantum nonsense! 2619 _error_free_ qubits are required to break ECDSA256 (#bitcoin.) With current error rate: 7.43 million qubits (includes Willow.) Improving error rate 100x: 890000 qubits are needed. It's at least 50+ (to infinity) years in the future!
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Thought that price was driven by supply and demand. I cannot see anything wrong with demand. #bitcoin
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I'm trying to understand the latest dump: 1) Cannot be Willow. You need _millions_ of qbits of that error rate. Quantum computing is very hard to scale. Maybe impossible. 2) Cannot be leverages? It was wiped/flushed just a couple of days earlier. 3) Cannot be ETF. Still inflow!
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