Ryan Sean Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
So we're just going to make a social decision and hard fork and just say, these coins shall never be moved.
We'll write it into the code, right?
So it's 21 million less the 10% that was frozen this one time.
That's one of their options.
The other option is they just leave that 10% to whoever can create the quantum computer to go claim them.
Almost like a salvaging a shipwreck situation where you have a Spanish Armada fleet and they sink with all their gold and their treasure.
And whoever builds the submarine to go to the bottom of the ocean to get the gold can go claim it.
But those are...
Like no matter what happens, if Q Day happens, the Bitcoin community will have to choose one of those two options, either intervene, burn and freeze, or just leave it to whatever geopolitical commercial force has the ability to develop quantum computers and go claim the prize.
Is that what we're saying here?
This is so difficult, though, because to your point earlier, Justin, this does shatter the incorruptible narrative, the property rights narrative.
So this is any decision on a freeze or burn,
somewhat shatters the pure nature of what Bitcoin is.
And I must wonder, so Nick Carter in his essays about this goes through a different story where there's not a burn and freeze scenario.
Instead, it's the salvage scenario where you just leave the coins.
And in his scenario, he goes through, there's a private quantum lab that you cracks the
The the ECDSA ahead of schedule, they happen to be kind of U.S.