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Nic Carter reveals a powerful enough quantum computer could steal Satoshi’s 1,000,000 Bitcoin in 6 blocks “There’s 35,000 addresses with 50 Bitcoin each, those are the Satoshi coins. The public keys are published, they’re on the ledger, they can’t be unpublished” “If you have a sufficiently good quantum computer,...

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21,757 просмотров • 29 дней назад •via X (Twitter)

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Project Eleven CEO warns why one quantum breakthrough could break all of crypto: “It breaks the entire philosophical model of ownership of crypto.” “If a quantum computer is able to reverse engineer the private key from the public key… in a very real sense, they own everything.”
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Project Eleven CEO warns why one quantum breakthrough could break all of crypto: “It breaks the entire philosophical model of ownership of crypto.” “If a quantum computer is able to reverse engineer the private key from the public key… in a very real sense, they own everything.”

The Rollup

32,588 просмотров • 2 месяцев назад

“35% of bitcoins” may be susceptible to attack. That's “millions of bitcoins… 6 or 7 million… hundreds of billions of dollars. “What a quantum computer allows you to do is to go from the public key back to the private key.” All the wallets where the public key has been exposed are at risk. That's why “you will see Satoshi’s coins being drained… once every 10 minutes or so.” - Justin Drake 👇
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“35% of bitcoins” may be susceptible to attack. That's “millions of bitcoins… 6 or 7 million… hundreds of billions of dollars. “What a quantum computer allows you to do is to go from the public key back to the private key.” All the wallets where the public key has been exposed are at risk. That's why “you will see Satoshi’s coins being drained… once every 10 minutes or so.” - Justin Drake 👇

Bankless

43,828 просмотров • 3 месяцев назад

CZ Suggests Freezing Satoshi's Bitcoin to Address Quantum Threats Binance founder Changpeng Zhao (CZ)CZ 🔶 BNB said in a June 18 interview with Galaxy that if Bitcoin forks in the future to adopt quantum-resistant cryptography, the community could give Satoshi-linked addresses holding about 1 million BTC a 6- to 12-month migration window. If the coins still do not move, the new protocol should freeze those addresses. CZ said that otherwise, the coins could eventually be claimed by the first person to crack the private keys with quantum computing. He acknowledged there is no perfect solution and said the final decision should be made by the community, potentially through miner signaling.
1:44

CZ Suggests Freezing Satoshi's Bitcoin to Address Quantum Threats Binance founder Changpeng Zhao (CZ)CZ 🔶 BNB said in a June 18 interview with Galaxy that if Bitcoin forks in the future to adopt quantum-resistant cryptography, the community could give Satoshi-linked addresses holding about 1 million BTC a 6- to 12-month migration window. If the coins still do not move, the new protocol should freeze those addresses. CZ said that otherwise, the coins could eventually be claimed by the first person to crack the private keys with quantum computing. He acknowledged there is no perfect solution and said the final decision should be made by the community, potentially through miner signaling.

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Do you leave your coins on a CEX? - Not your keys, not your coins Do you keep them in a hot wallet? - You're asking to get drained Time to check out the Ledger Flex👇 Thanks Ledger for letting me test it out!🤝
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Do you leave your coins on a CEX? - Not your keys, not your coins Do you keep them in a hot wallet? - You're asking to get drained Time to check out the Ledger Flex👇 Thanks Ledger for letting me test it out!🤝

Nick

30,263 просмотров • 1 год назад

Staking BTC with Core means you never give up custody of your Bitcoin. It stays in your wallet, time-locked on Bitcoin L1. Your keys. Your coins. Your yield. 🔶
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Staking BTC with Core means you never give up custody of your Bitcoin. It stays in your wallet, time-locked on Bitcoin L1. Your keys. Your coins. Your yield. 🔶

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.Martin Shkreli on quantum computing, and why early Bitcoin addresses like Satoshi's are vulnerable: "Satoshi's keys are at risk. Binance and Coinbase's keys are not. They'll be ported in, most likely, to a quantum secure system."
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.Martin Shkreli on quantum computing, and why early Bitcoin addresses like Satoshi's are vulnerable: "Satoshi's keys are at risk. Binance and Coinbase's keys are not. They'll be ported in, most likely, to a quantum secure system."

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Project Eleven CEO (Alex Pruden) reveals Zcash is not quantum resistant like Bitcoin: "A lot of this ZEC in circulation is not in a shielded pool, it's just public." "And the problem there is, taking advantage of those assumptions means not only can you potentially steal coins, but you can actually mint money and do so in a way that's totally undetectable."
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Project Eleven CEO (Alex Pruden) reveals Zcash is not quantum resistant like Bitcoin: "A lot of this ZEC in circulation is not in a shielded pool, it's just public." "And the problem there is, taking advantage of those assumptions means not only can you potentially steal coins, but you can actually mint money and do so in a way that's totally undetectable."

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🚨 BREAKING BITCOIN JUST SUFFERED THE FIRST QUANTUM ATTACK! A HACKER HAS CRACKED A 15-BIT PRIVATE KEY USING PUBLICLY AVAILABLE QUANTUM COMPUTER. MORE THAN 30% OF ALL BITCOIN SUPPLY (6.9M BTC) IS NOW EXPOSED TO THE ATTACK. THIS DOES NOT LOOK GOOD FOR CRYPTO...
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🚨 BREAKING BITCOIN JUST SUFFERED THE FIRST QUANTUM ATTACK! A HACKER HAS CRACKED A 15-BIT PRIVATE KEY USING PUBLICLY AVAILABLE QUANTUM COMPUTER. MORE THAN 30% OF ALL BITCOIN SUPPLY (6.9M BTC) IS NOW EXPOSED TO THE ATTACK. THIS DOES NOT LOOK GOOD FOR CRYPTO...

0xNobler

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Ledger CEO, Pascal Gauthier, explains that Ledger Recover would give the state the ability to recover your #Bitcoin private keys in the event of a subpoena.
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Ledger CEO, Pascal Gauthier, explains that Ledger Recover would give the state the ability to recover your #Bitcoin private keys in the event of a subpoena.

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You can now manage Aleo natively through Ledger Wallet™. Most blockchains work like a public noticeboard where every transaction is visible to anyone. Aleo lets you choose whether a transaction is public or private, powered by zero-knowledge proofs. Aleo provides the privacy layer, and Ledger ensures you hold the keys securely in your hands alone. Free from compromise 🔐
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You can now manage Aleo natively through Ledger Wallet™. Most blockchains work like a public noticeboard where every transaction is visible to anyone. Aleo lets you choose whether a transaction is public or private, powered by zero-knowledge proofs. Aleo provides the privacy layer, and Ledger ensures you hold the keys securely in your hands alone. Free from compromise 🔐

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We asked people where they keep their crypto and most are juggling apps, exchanges, and software wallets. With Ledger, you don’t have to. Buy crypto in Ledger Wallet, manage it all in one place, and keep your private keys offline with Ledger signer. Simple, secure, and free from compromise 🔒
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We asked people where they keep their crypto and most are juggling apps, exchanges, and software wallets. With Ledger, you don’t have to. Buy crypto in Ledger Wallet, manage it all in one place, and keep your private keys offline with Ledger signer. Simple, secure, and free from compromise 🔒

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BITCOIN RAILS EPISODE #18: MAKE BITCOIN QUANTUM RESISTANT | with BIP360 author Hunter Beast Hunter Beast 🕯️ Quantum computing is a complicated topic—one that incites equal amounts of fear and skepticism depending on who you talk to… especially in Bitcoin. In this episode, BIP360 author Hunter Beast wisely shares why the “truth is likely somewhere in the middle,” citing incremental advancements in quantum computing that may eventually pose a legitimate threat to some Bitcoin addresses—as well as steps we can take to protect ourselves in the short, medium and long term. The correct posture is to “be prepared, not scared,” says Hunter Beast 🕯️ Ultimately, the introduction of quantum resistant cryptography—via proposals like BIP360—will be needed for higher degrees of security. That said, individuals can mitigate personal risk substantially through proper address-use hygiene. This episode breaks down the specific challenges Bitcoin will face in the event of a quantum attack, the likelihood of an attack over time, and the steps we’ll need to take at the individual and communal level to ensure Bitcoin’s safety. This episode includes detailed discussion of: 1) How quantum computing could potentially affect Bitcoin public/private key cryptography—and technologies built on vulnerable addresses (e.g. Taproot) 2) Best practices for protecting yourself against quantum in the short and long term 3) Implications of vulnerable address types—e.g. what about Satoshi’s coins? 4) Deep Dive into BIP360 + proposed long-term solutions 5) Industry roadmaps for quantum computing + how banks and governments are preparing for “Q Day” As always, this episode can be viewed on Spotify or YouTuve—full episode in the comments or linktree in my bio. This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing. TIMESTAMPS: 00:00 Intro 02:05 What is quantum computing? 04:30 How could quantum threaten your Bitcoin wallet? 06:50 Addresses that are safe from quantum 09:13 Satoshi’s coins are in danger! 11:25 What happens if Satoshi’s coins are touched? 14:45 Do we softfork to shield Satoshi’s coins? 16:38 “Transitory inflation” for bitcoin after quantum 21:05 Why Taproot addresses are vulnerable 23:50 Do NOT reuse your Bitcoin addresses! 26:03 When will Quantum become a threat? 28:34 The long/short exposure attack; explained 31:45 Protection using private mempools 33:20 Why all the new Bitcoin L2s are in danger 37:45 Quantum is 5 to 10 years away, governments fear 40:34 Non-Bitcoin systems threatened by quantum 42:26 Centralized systems can adapt to quantum 43:50 Hunter’s BIP: Post quantum cryptography in Bitcoin 47:40 Hunter’s three new signature algorithms 53:48 Is new cryptography on Bitcoin risky? 56:33 Why not just stick to hash-based cryptography? 58:49 A 16X discount for quantum resistant addresses? 01:02:30 Creating quantum resistant multisig addresses 01:04:00 What is Frost? 01:06:50 The long process of approving a BIP 01:08:30 What developers think of Hunter’s BIP 01:10:00 Matt Corallo’s concerns with Hunter’s approach 01:11:00 Steps to implementing the BIP 360 01:17:00 Where to learn more about BIP 360 01:17:50 Who can push the button to change Bitcoin?
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BITCOIN RAILS EPISODE #18: MAKE BITCOIN QUANTUM RESISTANT | with BIP360 author Hunter Beast Hunter Beast 🕯️ Quantum computing is a complicated topic—one that incites equal amounts of fear and skepticism depending on who you talk to… especially in Bitcoin. In this episode, BIP360 author Hunter Beast wisely shares why the “truth is likely somewhere in the middle,” citing incremental advancements in quantum computing that may eventually pose a legitimate threat to some Bitcoin addresses—as well as steps we can take to protect ourselves in the short, medium and long term. The correct posture is to “be prepared, not scared,” says Hunter Beast 🕯️ Ultimately, the introduction of quantum resistant cryptography—via proposals like BIP360—will be needed for higher degrees of security. That said, individuals can mitigate personal risk substantially through proper address-use hygiene. This episode breaks down the specific challenges Bitcoin will face in the event of a quantum attack, the likelihood of an attack over time, and the steps we’ll need to take at the individual and communal level to ensure Bitcoin’s safety. This episode includes detailed discussion of: 1) How quantum computing could potentially affect Bitcoin public/private key cryptography—and technologies built on vulnerable addresses (e.g. Taproot) 2) Best practices for protecting yourself against quantum in the short and long term 3) Implications of vulnerable address types—e.g. what about Satoshi’s coins? 4) Deep Dive into BIP360 + proposed long-term solutions 5) Industry roadmaps for quantum computing + how banks and governments are preparing for “Q Day” As always, this episode can be viewed on Spotify or YouTuve—full episode in the comments or linktree in my bio. This episode is powered by Best In Slot—the leading API for Ordinals and BRC20 data aggregation and indexing. TIMESTAMPS: 00:00 Intro 02:05 What is quantum computing? 04:30 How could quantum threaten your Bitcoin wallet? 06:50 Addresses that are safe from quantum 09:13 Satoshi’s coins are in danger! 11:25 What happens if Satoshi’s coins are touched? 14:45 Do we softfork to shield Satoshi’s coins? 16:38 “Transitory inflation” for bitcoin after quantum 21:05 Why Taproot addresses are vulnerable 23:50 Do NOT reuse your Bitcoin addresses! 26:03 When will Quantum become a threat? 28:34 The long/short exposure attack; explained 31:45 Protection using private mempools 33:20 Why all the new Bitcoin L2s are in danger 37:45 Quantum is 5 to 10 years away, governments fear 40:34 Non-Bitcoin systems threatened by quantum 42:26 Centralized systems can adapt to quantum 43:50 Hunter’s BIP: Post quantum cryptography in Bitcoin 47:40 Hunter’s three new signature algorithms 53:48 Is new cryptography on Bitcoin risky? 56:33 Why not just stick to hash-based cryptography? 58:49 A 16X discount for quantum resistant addresses? 01:02:30 Creating quantum resistant multisig addresses 01:04:00 What is Frost? 01:06:50 The long process of approving a BIP 01:08:30 What developers think of Hunter’s BIP 01:10:00 Matt Corallo’s concerns with Hunter’s approach 01:11:00 Steps to implementing the BIP 360 01:17:00 Where to learn more about BIP 360 01:17:50 Who can push the button to change Bitcoin?

Isabel Foxen Duke⚡️

31,130 просмотров • 1 год назад

BREAKING: Vitalik speaks on quantum computing - how will eth handle quantum resistance - how will bitcoin handle it - what happens to satoshi’s 1 million coins. Will satoshi have to move them or will a hacker steal them? MUST WATCH
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BREAKING: Vitalik speaks on quantum computing - how will eth handle quantum resistance - how will bitcoin handle it - what happens to satoshi’s 1 million coins. Will satoshi have to move them or will a hacker steal them? MUST WATCH

borovik

183,454 просмотров • 1 год назад

Creating Bitcoin keys securely entirely off-line. I made this (extremely ugly but) functional prototype Codex32 wooden computer that can calculate Bitcoin keys using nothing more than dice, some paper and a pen. You do all the math by hand, including calculating the checksum.
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Creating Bitcoin keys securely entirely off-line. I made this (extremely ugly but) functional prototype Codex32 wooden computer that can calculate Bitcoin keys using nothing more than dice, some paper and a pen. You do all the math by hand, including calculating the checksum.

FractalEncrypt ∞/21M

181,009 просмотров • 2 лет назад

Quantum is one of the most powerful emerging technologies and it’s already driving a government-led encryption transition. Private keys are at risk, and most blockchains aren’t ready. Introducing Quantum Litepaper:
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Quantum is one of the most powerful emerging technologies and it’s already driving a government-led encryption transition. Private keys are at risk, and most blockchains aren’t ready. Introducing Quantum Litepaper:

Quantum

923,767 просмотров • 4 месяцев назад

US national Bitcoin reserve Polymarket odds are at “33% and rising.” The real question is: Can the US government actually self-custody Bitcoin? Does this become “crypto Fort Knox” with nation-state attackers trying to break in? “If you’re North Korea why wouldn’t you go after that?” Could Trump steal the private keys like he did with the files? “It’s on a ledger somewhere in Mar-a-Lago.” 🎬
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US national Bitcoin reserve Polymarket odds are at “33% and rising.” The real question is: Can the US government actually self-custody Bitcoin? Does this become “crypto Fort Knox” with nation-state attackers trying to break in? “If you’re North Korea why wouldn’t you go after that?” Could Trump steal the private keys like he did with the files? “It’s on a ledger somewhere in Mar-a-Lago.” 🎬

Bankless

12,256 просмотров • 1 месяц назад

I made a midi controller with Svelte. This thing can be played by your computer keyboard, top two rows for keys, bottom row for chords. In locked key mode, you can change the key and play all chords within that key.
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I made a midi controller with Svelte. This thing can be played by your computer keyboard, top two rows for keys, bottom row for chords. In locked key mode, you can change the key and play all chords within that key.

Scott Tolinski - Syntax.fm

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We often hear folks calling Ledger a cold wallet. We get it – your device keeps your private keys offline for you. The thing is, you can do more with your Ledger. Unfurl to hear why we prefer to think of Ledger as a signing device instead of a cold wallet. A thread 🧵:
0:39

We often hear folks calling Ledger a cold wallet. We get it – your device keeps your private keys offline for you. The thing is, you can do more with your Ledger. Unfurl to hear why we prefer to think of Ledger as a signing device instead of a cold wallet. A thread 🧵:

Ledger

72,767 просмотров • 3 лет назад

Have you tried out the OISY Wallet beta yet? @OISY_Wallet is a 100% onchain, multichain wallet where you can manage your digital assets and securely store your private keys right in the network. DeFi Renaissance is imminent.
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Have you tried out the OISY Wallet beta yet? @OISY_Wallet is a 100% onchain, multichain wallet where you can manage your digital assets and securely store your private keys right in the network. DeFi Renaissance is imminent.

DFINITY Foundation

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