Jeff Booth cryptically describes the Coordination Tax ( https://controlplanecapital.com/p/bitcoin-will-fail-as-mass-non-custodial ).
And the reaction to Covid is a great example of how Bitcoiners will react to the Quantum scam.
I used the same example in my first Quantum article ( https://controlplanecapital.com/p/is-quantum-computing-a-threat-to ).
During Covid (no virus has ever been isolated):
Government: "Citizen, we'd really like you to take this safe and effective vaccine to protect your grandma. It's free... and you must get it... or you will be responsible for killing your grandma."
Quantum (never been proven to scale cheaply and reliably enough to be broadly useful):
Government: "For your safety, dear Bitcoiners, we'd really like you to migrate to these algorithms we have selected for you. If you don't comply, Bitcoin will get hacked and you will lose everything by 20XX."
Most Bitcoiners don't care about (1) how a potential Quantum-resistance upgrade would castrate Bitcoin as money ( https://controlplanecapital.com/p/a-quantum-resistance-upgrade-would ), or (2) whether scalable fault-tolerant quantum computing is economically (or operationally) viable, they care about NGU.
A serious quantum-resistant upgrade for Bitcoin almost certainly means: much bigger transactions, faster chain growth, higher node requirements, and thus either (a) fewer transactions per block on L1 or (b) bigger blocks and more centralization pressure.
As I wrote in the "A Quantum-resistance upgrade would be terrible for Bitcoin" article:
- A quantum-resistance upgrade for Bitcoin would be one of the most complex, politically loaded, and coordination-fragile events in its history. It touches every private key, every wallet, every L2, every custody stack. It's also a perfect vector for capture, centralization, and "safety"-framed control.
And the reaction to Covid is a great example of how Bitcoiners will react to the Quantum scam.
I used the same example in my first Quantum article ( https://controlplanecapital.com/p/is-quantum-computing-a-threat-to ).
During Covid (no virus has ever been isolated):
Government: "Citizen, we'd really like you to take this safe and effective vaccine to protect your grandma. It's free... and you must get it... or you will be responsible for killing your grandma."
Quantum (never been proven to scale cheaply and reliably enough to be broadly useful):
Government: "For your safety, dear Bitcoiners, we'd really like you to migrate to these algorithms we have selected for you. If you don't comply, Bitcoin will get hacked and you will lose everything by 20XX."
Most Bitcoiners don't care about (1) how a potential Quantum-resistance upgrade would castrate Bitcoin as money ( https://controlplanecapital.com/p/a-quantum-resistance-upgrade-would ), or (2) whether scalable fault-tolerant quantum computing is economically (or operationally) viable, they care about NGU.
A serious quantum-resistant upgrade for Bitcoin almost certainly means: much bigger transactions, faster chain growth, higher node requirements, and thus either (a) fewer transactions per block on L1 or (b) bigger blocks and more centralization pressure.
As I wrote in the "A Quantum-resistance upgrade would be terrible for Bitcoin" article:
- A quantum-resistance upgrade for Bitcoin would be one of the most complex, politically loaded, and coordination-fragile events in its history. It touches every private key, every wallet, every L2, every custody stack. It's also a perfect vector for capture, centralization, and "safety"-framed control.
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