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Ryan

👤 Speaker
5380 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And we haven't seen it in our times.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And this is what Ray Dalio makes the comment of.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Maybe we should leave with the Ray Dalio reminder, which is like in these unprecedented times, you need to factor in

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

the denominator changing on you.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Here's how he puts it.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

For this very reason.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Don't do that.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

But some people do.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And it almost never works, but it works 0.01% of the time.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And that's enough.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

So there was a case, right, where there was a 509K sent to an attacker's wallet because of this address poisoning.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And that pays for the whole operation.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Well, address poisoning is pretty easy to avoid if you, like, don't do what we just said.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

But, you know, I guess this is also a bit of a PSA on those types of attack.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

But still, you were going to give me the bull case for ETH.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Yeah, I think that the message is they're going to be ready when it happens, you know, and it could happen as early as like the early 2030s and Ethereum is going to be ready.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

That's right.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

And as we've discussed, if that happens, Bitcoin is in a lot of trouble unless they do similar preparations because all chains need to replace some of their

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

with quantum secure cryptography.

Bankless
ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

I think Vivek from Etherealize agrees with you, David.