Crypto

[Anonymous]

Once again hitting new highs. Amazing. I ain't selling, that's for sure.

[Anonymous]

Just wait until quantum starts cracking wallets. Then you'll sell.

[Anonymous]

Anonymous wrote:Just wait until quantum starts cracking wallets. Then you'll sell.

This is a risk for every single banking institution, and not limited to crypto. Sometimes critical thinking is helpful instead of regurgitating X and BlueSky influencer talking points.

https://www.bankingriskandregulation.com/quantum-computing-leap-gives-banks-hope-against-hacks/

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just wait until quantum starts cracking wallets. Then you'll sell.

This is a risk for every single banking institution, and not limited to crypto. Sometimes critical thinking is helpful instead of regurgitating X and BlueSky influencer talking points.

https://www.bankingriskandregulation.com/quantum-computing-leap-gives-banks-hope-against-hacks/

lol at regurgitating talking points.

Quantum is a real risk to asymmetrical encryption specifically. Symmetrical isn't really at risk, but the risk to asymmetric means most/all of internet communications (stored data is usually symmetrically encrypted). That said, q-day is generally estimated to be 5-10 years out. Meaning that if the amount of time you need asymmetrically-encrypted data to remain secret is less than that, you're generally safe as long as the vendors supporting your tech stack get their asses in gear and implement the right quantum-resistant encryption algorithms prior to that time window expiring.

Blockchain-based cryptocurrency, however, is another story - at least to my understanding. Per briefings I've received on the topic, a lot of people are watching Nakamoto's wallet that has about 1M bitcoin in it and has remained untouched for 15 years. The speculation is that once that starts to move, the gig is up and cryptocurrency in general is at risk.

Of course, a lot of people are working on solutions to this but afaik there's no elegant fix that can be universally applied.

Either way, good luck.

Source: I'm not a talking point

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just wait until quantum starts cracking wallets. Then you'll sell.

This is a risk for every single banking institution, and not limited to crypto. Sometimes critical thinking is helpful instead of regurgitating X and BlueSky influencer talking points.

https://www.bankingriskandregulation.com/quantum-computing-leap-gives-banks-hope-against-hacks/

lol at regurgitating talking points.

Quantum is a real risk to asymmetrical encryption specifically. Symmetrical isn't really at risk, but the risk to asymmetric means most/all of internet communications (stored data is usually symmetrically encrypted). That said, q-day is generally estimated to be 5-10 years out. Meaning that if the amount of time you need asymmetrically-encrypted data to remain secret is less than that, you're generally safe as long as the vendors supporting your tech stack get their asses in gear and implement the right quantum-resistant encryption algorithms prior to that time window expiring.

Blockchain-based cryptocurrency, however, is another story - at least to my understanding. Per briefings I've received on the topic, a lot of people are watching Nakamoto's wallet that has about 1M bitcoin in it and has remained untouched for 15 years. The speculation is that once that starts to move, the gig is up and cryptocurrency in general is at risk.

Of course, a lot of people are working on solutions to this but afaik there's no elegant fix that can be universally applied.

Either way, good luck.

Source: I'm not a talking point

OP here. I have no idea what either of you is talking about and I don't care. I've already sold enough crypto to take out twice as much as I put in, so I can't lose money. The worst I can do is make less money.

[Anonymous]

It was expected. Lets make it the norm now and let it be.

[Anonymous]

Anonymous wrote:Once again hitting new highs. Amazing. I ain't selling, that's for sure.

Drumming up more greater fools, wise choice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Once again hitting new highs. Amazing. I ain't selling, that's for sure.

Drumming up more greater fools, wise choice.

You sound like a grandmother. It’s like everything else, part of a highly diversified portfolio with a general buy and hold strategy. We have tripled our money in crypto and long ago made up our initial investment so it’s just a win-win for us. But we never invested more than one percent of our net worth.

You are probably one of those investors who thinks you have to pay off a mortgage early regardless of the interest rate too.

[Anonymous]

Genuine question: what value does any cryptocurrency have besides organized crime and speculation?

It has zero intrinsic value, and, to date, the transaction times are too slow for it to be useful as a medium of exchange. Why would any non-criminal want to own this for non-speculative purposes?

[Anonymous]

Because this is the dcum money forum, and not probably all that visited by the general public, I am assume I am conversing with a few weirdos from wherever who fly in from
Who knows where, some cautious housewives who buy VTSAX and chill, some snarky posters who enjoy hate posting out of anonymity, and like a sprinkle of husbands who enjoy investing, swing trading and dabble in crypto.

That said, crypto is here to stay. It’s too late. I bought bitcoin ETFs and it’s going nuts. Crypto in the trillions in value world wide now. Just let it go. It’s not ever going away. If AI cracks it, I’ll crack your Schwab account too or whatever. You may as well buy physical gold if you’re so scared.

Anyway, everyone should buy shares of PEW today. It’s flying! Trump is onboard and that helps drive the price up.

[Anonymous]

Anonymous wrote:Because this is the dcum money forum, and not probably all that visited by the general public, I am assume I am conversing with a few weirdos from wherever who fly in from
Who knows where, some cautious housewives who buy VTSAX and chill, some snarky posters who enjoy hate posting out of anonymity, and like a sprinkle of husbands who enjoy investing, swing trading and dabble in crypto.

That said, crypto is here to stay. It’s too late. I bought bitcoin ETFs and it’s going nuts. Crypto in the trillions in value world wide now. Just let it go. It’s not ever going away. If AI cracks it, I’ll crack your Schwab account too or whatever. You may as well buy physical gold if you’re so scared.

Anyway, everyone should buy shares of PEW today. It’s flying! Trump is onboard and that helps drive the price up.

Sorry, I meant it’ll crack your account. Not I’ll. AI tech would affect all. Basically it’ll
Be so advanced it can crack both crypto and whatever.

[Anonymous]

Crypto in the trillions in value world wide now. Just let it go. It’s not ever going away.

That may be, but you haven't explained why anyone would want to own something with zero intrinsic value that does nothing useful.

I don't believe in gold as in investment, either, but it does have value in certain electronics applications, and it also looks pretty and is therefore desirable for jewelry. I could justify buying gold more than I could justify buying Bitcoins.

[Anonymous]

Anonymous wrote:Just wait until quantum starts cracking wallets. Then you'll sell.

Yes, when quantum starts cracking wallets, me and my 4-digit bank pin will be sitting there securely and laughing at all those bitcoiners.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just wait until quantum starts cracking wallets. Then you'll sell.

Yes, when quantum starts cracking wallets, me and my 4-digit bank pin will be sitting there securely and laughing at all those bitcoiners.

Ask me how I know that you don't understand quantum or cryptography.

[Anonymous]

Anonymous wrote:

Crypto in the trillions in value world wide now. Just let it go. It’s not ever going away.

That may be, but you haven't explained why anyone would want to own something with zero intrinsic value that does nothing useful.

I don't believe in gold as in investment, either, but it does have value in certain electronics applications, and it also looks pretty and is therefore desirable for jewelry. I could justify buying gold more than I could justify buying Bitcoins.

Why do baseball cards have value? Why did mofos trade shells back in 1200ad? It’s just assigned value.

There are 21 million bitcoins. The world is waking up to wanting them. Who fking cares? Buy it! Then wait 10 years and 20x your money. That’s it.