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Ryan Sean Adams

👤 Speaker
3095 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Ethereum’s Quantum Strategy with Justin Drake

The U.S.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

government quickly nationalizes them in secret.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

It goes and starts acquiring the Bitcoin.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

They coordinate with Treasury.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

They coordinate with the big ETF providers, BlackRock's.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

the Michael Saylors of the world.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And at the end of this, the US ends up with the 10% of Bitcoin supply in the treasury.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And he goes through fictional price charts, of course, when people realize the Bitcoin network is under a quantum attack and the supply is being taken by someone.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Price spikes down by 73%.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

But then when it's revealed that actually the US government has it and they're using salvage laws, maritime salvage laws in order to legally confiscate this, then the market rebounds and is very excited because the US has this Bitcoin strategic reserve treasury.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

So that's his other scenario and kind of you just leave the Bitcoin and some nation state, maybe the US government actually cracks it.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Do you find a scenario like that plausible?

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Because at least in that scenario, you're not breaking any property rights.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

It certainly is incredible that this will have happened to a multi-trillion dollar network.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And there's such a prize bounty.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

It's like just unprecedented.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

But that could happen as well.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And maybe that's a better outcome for Bitcoin.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

I see.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And that's why you're betting against the salvage type scenario, because you think they'll go with this approach.