CNBC Casually Tosses Out Some Bitcoin Quantum Computing FUD \ stacker news ~bitcoin

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CNBC Casually Tosses Out Some Bitcoin Quantum Computing FUD

841 sats \ 18 comments \ @siggy47 18 Dec bitcoin

Luckily no one is watching these legacy MSM networks anymore except me, but Cramer and David Faber were talking about quantum computing during their opening bell dialogue.

They joked about how far off quantum computing is, and they were amused at how much attention it was getting.

Faber, who is an ironic guy, then says " quantum computing will eventually destroy all cryptography, and that will be the end of bitcoin. "

Now, I think he was joking, but I'm sure there were a few old guy normie investors (CNBC' s demographic) who just got scared.

Is it a big deal? I doubt it, but it's a reminder about the importance of education.

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64 sats \ 2 replies \ @grayruby 18 Dec

I think we are many years off from quantum computing being a threat to Bitcoin but I also don’t think we should ignore it.

We need to do a hard fork at some point anyways to fix the block number bug. Updating to quantum resistant encryption at the same time would make sense but will the community agree?

40 sats \ 1 reply \ @alt 19 Dec

What is the block number bug? Why does it need fixing and why does that require a hard fork?

50 sats \ 0 replies \ @grayruby 19 Dec

https://www.coindesk.com/tech/2020/08/07/fixing-this-bitcoin-killing-bug-will-eventually-require-a-hard-fork

64 sats \ 0 replies \ @freetx 18 Dec

Imagine if you went on CNBC and told investors "Google has developed a new piece of technology that allows them to steal any EV....so doesn't make sense to buy EVs these days because its only a matter of time before its stolen...."

Now suppose that information was completely false that there was no truth to it.

Would you be fined for market manipulation?

54 sats \ 2 replies \ @Satosora 18 Dec

Satoshi already had a game plan for when computers got strong enough to crack the private keye on legacy addresses. There is nothing to worry about.

31 sats \ 1 reply \ @siggy47 OP 18 Dec

Maybe they can book you as a guest😀

54 sats \ 0 replies \ @Satosora 18 Dec

I feel a lot of people are letting fear get in the way of healthy conversation. If they would have said that he had thought of somethibg before he made bitcoin, it would calm the crowd a bit.

54 sats \ 0 replies \ @kepford 18 Dec

I saw the title and thought this was in reference to the Saylor interview. They tried that FUD and he knocked it down.

43 sats \ 0 replies \ @DesertDave 18 Dec

Bullish.

43 sats \ 1 reply \ @Bell_curve 18 Dec

The importance of education?

Staying in your lane is more important

11 sats \ 0 replies \ @siggy47 OP 18 Dec

I don't want CNBC doing the educating!

43 sats \ 0 replies \ @TNStacker 18 Dec

It's kinda their thing, right?

43 sats \ 1 reply \ @0xbitcoiner 18 Dec

Is it a big deal? I doubt it, but it's a reminder about the importance of education.

100%

The overwhelming majority of FUD comes from ignorance. I understand that people don't have to know everything, so education is important. It's imperative to have people demystifying the FUD that appears, but it's a shame that these educators can't have the visibility of the FUD spreaders.