George Mekhail
๐ค SpeakerAppearances Over Time
Podcast Appearances
So we talk about like, oh, no, they're going to have so much power.
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.
Right.
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
I want the people who are incentivized to have certain influence to protect Bitcoin to do that.
So Bitcoin has not been hacked yet.
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.
That Google paper, by the way, is put out by someone who was one of the early Ethereum holders.
So you got to kind of go back to the source and see just how accurate it is.
Regardless, I think quantum is coming.
I think Bitcoin, just like every other technology, is potentially vulnerable.
What it really comes down to, though, when you're talking about a decentralized asset is like, what can you really attack?
And the answer to that is you can attack wallets, right?
So that means that Bitcoin needs to create upgrades so that people who are Bitcoin holders upgrade their wallets to be quantum proof.
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.
Right.
because Satoshi's wallet's been dormant for 10 years.
So let's assume Satoshi's gone, no longer around.
Those wallets don't get upgraded to be quantum resistant, then they're vulnerable.
That's a little bit over 3% I think.