Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

George Mekhail

๐Ÿ‘ค Speaker
751 total appearances

Appearances Over Time

Podcast Appearances

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So we talk about like, oh, no, they're going to have so much power.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Well, they're not going to have I think we have some PTSD from fiat currency and like what it means for actual control over a currency like and specifically the money printer.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Right.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

again what is money it's my when we work we earn money why is it fair for someone to be able to print that you know no effort print that same thing that me and you are working for right um that can't happen with bitcoin and so i'm not worried about an institution's um control they're not it's not control it's influence right now it's very the two very different things and so

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

I want the people who are incentivized to have certain influence to protect Bitcoin to do that.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So Bitcoin has not been hacked yet.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

I think the latest article that Google put out says we have, what, five years, three to five years or something, which is a much faster timeline than the quantum fud that we've been hearing for years.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

That Google paper, by the way, is put out by someone who was one of the early Ethereum holders.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So you got to kind of go back to the source and see just how accurate it is.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Regardless, I think quantum is coming.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

I think Bitcoin, just like every other technology, is potentially vulnerable.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

What it really comes down to, though, when you're talking about a decentralized asset is like, what can you really attack?

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

And the answer to that is you can attack wallets, right?

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So that means that Bitcoin needs to create upgrades so that people who are Bitcoin holders upgrade their wallets to be quantum proof.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So the real risk with all of quantum, the one that I would say is maybe the most concerning, is that Satoshi's wallets get hacked.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Right.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

because Satoshi's wallet's been dormant for 10 years.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

So let's assume Satoshi's gone, no longer around.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

Those wallets don't get upgraded to be quantum resistant, then they're vulnerable.

Digital Social Hour
Why Only 21 Million Bitcoin Matters So Much... | George Mekhail | DSH #1916

That's a little bit over 3% I think.