How can you not understand. Bitcoin’s main and only FEATURE is the fact than from all assets in this planet, and possibly from all assets jn this Solar System, it CANNOT be cofniscated and censored. That’s the knly reason it has any value at all, to circumvent controls. All other assets like gold, real estate, emeralds, fiat, stocks… CAN be confiscated. Bitcoin’s only unique selling point is circumvention of controls.

I do understand all of that. But all of that makes sure that Bitcoin will never function as a currency, as outlined in the reasons above.

Yes, and it doesn’t have to function as currency. We have enough of those already!

That's right - it doesn't really matter if people have to convert their savings from bitcoin to government tokens in order to buy things. Bitcoin is still extremely functional at protecting people from the massive debasement that is occurring every second. In 2020 alone, the US financial system alone stole 2 million life-time's worth of work from the people through legal counterfeiting.

Bitcoin will go up for ever when priced in government tokens, or likely anything else for that matter.

Because advanacements accelerate with geometric progression, not linear one.

You asked the question, but don't want to hear the answer.

Advancements are more often logarithmic than geometric: a brief flurry of progress as easy barriers are overcome, followed by a long unsexy slog of incrementalism.

Bitcoin may well be broken someday, but the time scale is on decades, which is well beyond the horizon for high-volatility markets like Bitcoin

Some do for a while like Moore's law. Many don't. Quantum computing seems kind of stuck.

So what will people who self-host can or will do?

Bitcoin transition to post-quantum cryptography is unrealistic due to this fact:

If the encryption is cracked, then who is to say who owns which Bitcoin? As soon as I try to transfer any coin that I own, I expose my public key, your "Quantum Computer" cracks it, and you offer a competing transaction with a higher fee to send the Bitcoin to your slush fund. No amount of software fixes can update this. In theory once an attack becomes feasible on the horizon they could update to post-quantum encryption and offer the ability to transfer from old-style addresses to new-style addresses, but this would be a herculean effort for everyone involved and would require all holders (not miners) to actively update their wallets. Basically infeasible.

^^^ Smart money is aware of this fact, yet real estate and gold aren’t outperforming Bitcoin. Is this truly alpha???

So...the big fish set up a plan to transition "everyone" to their new Bitcoin 2.0. (Before the supposed "quantum crypto" smashes the punch bowl.) A bunch of the little people are unable or unwilling to transition. On the day the miners stop recognizing the old-crypto wallets & keys, those all become worthless.

Seems to me like a great plan, for the big fish to consolidate their control of Bitcoin. At the expense of little people. Who they don't care about.

> So...the big fish set up a plan to transition "everyone" to their new Bitcoin 2.0. (Before the supposed "quantum crypto" smashes the punch bowl.) A bunch of the little people are unable or unwilling to transition. On the day the miners stop recognizing the old-crypto wallets & keys, those all become worthless.

But that’s not the case. The should be transitioning NOW, but that’s not happening.

Also, even if it was done quickly, it would cause collapse of value.

>The should be transitioning NOW, but that’s not happening.

Can quantum computers factor arbitrary numbers with 4 digits already?

No, but when they can it will be too late, so systems should be transitioning NOW.

Your argument makes no sense. Many things can become bubbles. Land can be bubble, physical gold can be bunble, oil rigs in the sea can be bubble. Yet people choose to focus on Bitcoin which WILL be cracked by quantum, and not physical gold which will NOT be cracked by quantum. According to this knowledge, physical gold, land and emerald mines are severely underpriced and Bitcoin is severely overpriced.

How am I wrong?

Also, Bitcoin is more useful than beanie babies because Bitcoin is censorship resistant, but Beanies can be confiscated. You are fundamentally wrong that Bitcoin holds no intrinic value. Bitcoin’s intrinsic value is method of circumventimg censorship. Tell me how I am wrong and how Bitcoin’s intrinsic value doesn’t stem from censorship resistance due to decentralized nature. You can use GPT5-Pro deep research to aid your answer.

> How am I wrong?

How are you right? do you believe in yourself enough to put your money at it? If not, this conversation makes no sense.

I do, I have begun accumulating physical gold, because it will spike to heaven once quantum cracks all systems.

Bitcoin is not unique in being hard to block, in fact it's not particularly good at it compared to some other cryptocurrencies. So why should Bitcoin have the largest market cap of any chain, and why should it be worth anything near what it is if it's main purpose is as a medium of exchange and not as a buy-and-hold asset?

I'm not going to spoon feed you, but look up the "What Is Money? Saylor Series" podcast episodes and that will answer all of your questions.

Look up Gresham's and Thier's laws for the quick answer

Did you read what I said? Extrapolate with exponentials. Smart people do this.

I did read what you wrote above and I'm confident that it is entirely incorrect for reasons that have been explained.

Oh shoot, should’ve bought wedding cakes for bulk rate!

That doesn’t explain Bitcoin’s price. Even if what you say is true, assuming BTC gets cracked within 2-3 years, smart money would get out of it and would go into real estate, land and physical assets instead. Why isn’t this happening? I mean anyone who is able to graso exponentials and there are a LOT of people who can, will come to same realization.

Also, you can’t really switch Bitcoin to quantum-proof algo. It’s pretty much inpossible.

You could consider the price functions as a prediction market; it's telling you smart money doesn't believe it will be cracked around 2027-2028.

This reminds me of the bitcoin death predictions website. I don't know if it's still around but if it is then it probably has thousands of predictions by now.

Gove me logical argument why Bitcoin won’t get cracked by quantum computers.

Short it, then.

I can’t because exact moment is not presictible. It can be cracked in2 years or 5, but it WILL. This is not shortable info

No experts think this. You are consuming extremely bad information.

Why???

Answering your question, "experts" you write about are delusional.

Genuine question - why is Bitcoin not collapsing upon this news? Surely big money that control Bitcoin have high enough IQ to extrapolate inti the future and come to decision on the inevitable implications.

Because to steal bitcoin by reverse engineering a private key from a public one you need to be able to factor a very large number. Currently the highest number they have factored using only quantum computing is 21.

The critics claim the noise collapses quantum states so quickly that it's not possible to make full use of the quantum effects. The burden of proof is on the chip makers. I think they have not convinced the critics yet.

Smart money knows quantum will crack Bitcoin. Why is Bitcoin not crashing?

Because smart money thinks they can be the last seller before the crash.

And Bitcoin is still 108k… why exactly?