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117 sats \ 1 reply \ @ken 17h \ on: Iβm against the proposal to burn quantum-vulnerable coins: hereβs why bitcoin
I find Pieter Wuille's argument to be quite compelling:
"The alternative is that millions of BTC become vulnerable to theft; I cannot see how the currency can maintain any value at all in such a setting. And this affects everyone; even those which diligently moved their coins to PQC-protected schemes."
The idea that millions of bitcoin will flow to a single thief (with immense resources, who wields a powerful supercomputer) is a bit unsettling. But I'm not totally sold yet - a lot of drawbacks.
@ek how are you counting comments?
Hold real bitcoin and thus enforce the scarcity of bitcoin. Hold the private key yourself. Using bitcoin any other way enables an attack on the 21M supply limit.