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.
> 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.
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???
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.
Look, even experts say Bitcoin will be cracked at 2030 worst. That’s only 5 years away. Even if it’s 5 years, not 2, why is it 110k? Gold should be outperforming BTC, but it isn’t. What am I missing???
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.
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.