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Big crash incoming and I will tell you why. Bitcoin is non environental friendly, consumes too much energy, when bitcoins network is in overload which occurs often, then the transaction fees skyrocket. Bitcoin is not decentralized thats just something people said in early days, theres no reason for digital currencies to change/fluctuate 10% in price each day. Smart people doesnt invest in stuff that they dont know whom created. Satoshi Nakamoto or whatever the name is could likely have flaws in bitcoin code which he can abuse anytime he wants, most likely bitcoin is created either by elon musk as he created paypal or vitalik butterin who creates ethereum. Cryptocurrency is just made for criminals to get away with money laundering. Quantum computer and AI can already shutdown and decrypt bitcoin, it will go down to 0$. Trust me. #Megadrop #bitcoinhalving #Token2049 #Memecoins #WIF $BTC $ETH $BNB Follow4Follow 😍
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Big crash incoming and I will tell you why. Bitcoin is non environental friendly, consumes too much energy, when bitcoins network is in overload which occurs often, then the transaction fees skyrocket. Bitcoin is not decentralized thats just something people said in early days, theres no reason for digital currencies to change/fluctuate 10% in price each day. Smart people doesnt invest in stuff that they dont know whom created. Satoshi Nakamoto or whatever the name is could likely have flaws in bitcoin code which he can abuse anytime he wants, most likely bitcoin is created either by elon musk as he created paypal or vitalik butterin who creates ethereum. Cryptocurrency is just made for criminals to get away with money laundering. Quantum computer and AI can already shutdown and decrypt bitcoin, it will go down to 0$. Trust me.
Dont hate the player, hate the game. Big ALERT if BTC dont make new ATH.
I have been following all types of cryptocurrencies for around 10 years. What I know is that Whales have hard time controlling the market right now, this means they will FOMO and BTC can actually go to 100 000€ within a month or two. USA printed so much money last 5 years so crypto could double the within a year. We will see BTC 85 000€ soon.#BTC #bitcoin #BlackRock #altcoins #elonmusk Follow for more ! Blackswan event is the petrodollar disconnection from saudi which might be positive.
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I have been following all types of cryptocurrencies for around 10 years. What I know is that Whales have hard time controlling the market right now, this means they will FOMO and BTC can actually go to 100 000€ within a month or two. USA printed so much money last 5 years so crypto could double the within a year. We will see BTC 85 000€ soon.#BTC #bitcoin #BlackRock #altcoins #elonmusk Follow for more ! Blackswan event is the petrodollar disconnection from saudi which might be positive.
I have been following all types of cryptocurrencies for around 10 years. What I know is that Whales have hard time controlling the market right now, this means they will FOMO and BTC can actually go to 100 000€ within a month or two. USA printed so much money last 5 years so crypto could double the within a year. We will see BTC 85 000€ soon.#BTC #bitcoin #BlackRock #altcoins #elonmusk Follow for more ! Blackswan event is the petrodollar disconnection from saudi which might be positive.
We are entering an extremely dangerous time in crypto.
If you have a large portfolio or your financial future is invested in crypto you need to understand the risk coming in the very near future.
Firstly and most importantly is USDT, the $110 Billion company, the most traded crypto by volume, a company we as a crypto community have allowed to be our liquidity without any concrete proof our funds are backed.
USDT has never had official audits, in their terms and conditions it says they are not liable for insolvency, the funds are not insured and funds can be paid back with “in kind redemption “.
The company is run through numerous shelf companies in tax havens and run by people with a criminal history.
This matters now because if USDT is banned in Europe and we have a liquidity shock I am not sure the funds are there, do your research on this it is important!!
My other big concern is the staking and re staking narrative that is pushing us to invest and re invest our funds in a Ponzi scheme like manner in companies that are also not audited or insured, also how we are constantly pushed to get as many people as we can involved for some financial reward.
We have had a massive $1.5 Trillion bull run in the last year and it seems people are quick to forget the last time we had a bull run companies like FTX,Terra,Celsius and many more were fleecing us.
We are still totally trusting and unregulated and one liquidity shock could expose more and more of our missing funds.
You need to have custody or cold storage of most of your crypto in the coming months, I can say for near certainty the rewards are not worth the risk of staking or re staking more than 10-20% of your portfolio.
With Crypto adoption will come regulation and scrutiny, this could be the last unregulated bull run for scammers and you can be very sure they will take full advantage of it.
Don’t be at risk of losing everything based on blind trust.#usdt #btc #crash
If you have a large portfolio or your financial future is invested in crypto you need to understand the risk coming in the very near future.
Firstly and most importantly is USDT, the $110 Billion company, the most traded crypto by volume, a company we as a crypto community have allowed to be our liquidity without any concrete proof our funds are backed.
USDT has never had official audits, in their terms and conditions it says they are not liable for insolvency, the funds are not insured and funds can be paid back with “in kind redemption “.
The company is run through numerous shelf companies in tax havens and run by people with a criminal history.
This matters now because if USDT is banned in Europe and we have a liquidity shock I am not sure the funds are there, do your research on this it is important!!
My other big concern is the staking and re staking narrative that is pushing us to invest and re invest our funds in a Ponzi scheme like manner in companies that are also not audited or insured, also how we are constantly pushed to get as many people as we can involved for some financial reward.
We have had a massive $1.5 Trillion bull run in the last year and it seems people are quick to forget the last time we had a bull run companies like FTX,Terra,Celsius and many more were fleecing us.
We are still totally trusting and unregulated and one liquidity shock could expose more and more of our missing funds.
You need to have custody or cold storage of most of your crypto in the coming months, I can say for near certainty the rewards are not worth the risk of staking or re staking more than 10-20% of your portfolio.
With Crypto adoption will come regulation and scrutiny, this could be the last unregulated bull run for scammers and you can be very sure they will take full advantage of it.
Don’t be at risk of losing everything based on blind trust.#usdt #btc #crash
We’re rich boiiiiisss complements to your profits 🙉🤩❤️😍 3njoy #inflation #success #rich #omg #elon GWAS GAME WAS A SUCCESS 😈🔥
US Unadjusted CPI Annual Rate Stands at 3.4% in April
According to BlockBeats, the unadjusted Consumer Price Index (CPI) annual rate in the United States for April was reported at 3.4%. This figure aligns with the anticipated rate and is slightly lower than the previous rate of 3.5%. The CPI is a crucial economic indicator, reflecting the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The slight decrease in the CPI annual rate indicates a minor slowdown in inflation, which could have implications for the country's economic policies. However, the rate remains relatively high, suggesting continued economic recovery from the impacts of the Covid-19 pandemic. Ferrari Time 😍 Follow For More ❤️
According to BlockBeats, the unadjusted Consumer Price Index (CPI) annual rate in the United States for April was reported at 3.4%. This figure aligns with the anticipated rate and is slightly lower than the previous rate of 3.5%. The CPI is a crucial economic indicator, reflecting the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The slight decrease in the CPI annual rate indicates a minor slowdown in inflation, which could have implications for the country's economic policies. However, the rate remains relatively high, suggesting continued economic recovery from the impacts of the Covid-19 pandemic. Ferrari Time 😍 Follow For More ❤️
⚫️⚪️BounceBit’s ecosystem introduces BounceBox and BounceBit App Store for users to build your own dApps on BounceBit without any coding requirement.
More information in the following threads🧵⬇️
Follow for more info😍#Memecoins #BlackRock #BTC #altcoins
100x Potential
More information in the following threads🧵⬇️
Follow for more info😍#Memecoins #BlackRock #BTC #altcoins
100x Potential
Quantum Computers Could Break Bitcoin and Banks by 2025-2029. Follow me for more!
In 2024, the US government will start adopting new encryption rules and a phase out of existing encryption. There is a study being released next year that will guide the US government transition and describes the dates when various encryption will be deprecated. Commercial and finance will follow with rules and a plan in 2025. However, commercial and finance will basically adopt what the $100 million government study. Other nations will follow the US plan. It is likely 2035 will be the target for full implementation but once the announcement and plan is set everyone will be on a forced march to the change. This will happen even if quantum computers do not get to the level of decrypting the current standards.
Cryptocurrencies including Bitcoin are not quantum resistant. They also rely on cryptographic algorithms that are vulnerable to quantum computing attacks.
To attack SHA-2 functions with 256-bit states, using Grover’s algorithm, 2593 qubits (error corrected) would be required, according to Richard Preston’s paper.
Quantum computers with 4000 error corrected qubits will be able to decrypt RSA 2048. The 2593 error corrected qubits could break crypto wallets and bitcoin.
If the public key is known, an attacker with a quantum computer of about 1500 error corrected qubits can solve it according to researchers at the Centre for Cryptocurrency Research and Engineering of Imperial College London.
Bitcoin and the other vulnerable cryptocurrencies would have to fork to a quantum secure chain.
QuEra is working with neutral atoms. The startup is implementing quantum error correction with neutral atoms. The neutral atom approach started years after the superconducting approach. Atom Computing also works with neutral atoms and also has over 1080 qubits (not error corrected) working. QuEra and others could have faster development to thousands of error corrected qubits.
#btc #qubit #new #era
In 2024, the US government will start adopting new encryption rules and a phase out of existing encryption. There is a study being released next year that will guide the US government transition and describes the dates when various encryption will be deprecated. Commercial and finance will follow with rules and a plan in 2025. However, commercial and finance will basically adopt what the $100 million government study. Other nations will follow the US plan. It is likely 2035 will be the target for full implementation but once the announcement and plan is set everyone will be on a forced march to the change. This will happen even if quantum computers do not get to the level of decrypting the current standards.
Cryptocurrencies including Bitcoin are not quantum resistant. They also rely on cryptographic algorithms that are vulnerable to quantum computing attacks.
To attack SHA-2 functions with 256-bit states, using Grover’s algorithm, 2593 qubits (error corrected) would be required, according to Richard Preston’s paper.
Quantum computers with 4000 error corrected qubits will be able to decrypt RSA 2048. The 2593 error corrected qubits could break crypto wallets and bitcoin.
If the public key is known, an attacker with a quantum computer of about 1500 error corrected qubits can solve it according to researchers at the Centre for Cryptocurrency Research and Engineering of Imperial College London.
Bitcoin and the other vulnerable cryptocurrencies would have to fork to a quantum secure chain.
QuEra is working with neutral atoms. The startup is implementing quantum error correction with neutral atoms. The neutral atom approach started years after the superconducting approach. Atom Computing also works with neutral atoms and also has over 1080 qubits (not error corrected) working. QuEra and others could have faster development to thousands of error corrected qubits.
#btc #qubit #new #era
Disrupting Cryptographic Randomness
An often-overlooked aspect of blockchain security is the reliance on cryptographic randomness. Quantum computing poses a risk to this aspect by potentially predicting or influencing the pseudo-randomly generated numbers crucial for cryptographic operations, thereby undermining a foundational element of blockchain security.
Pioneering Quantum-Resistant Blockchain Technologies
In response to these emerging threats, the development of quantum-resistant cryptography has become paramount. This new class of cryptographic algorithms is being designed to withstand the advanced computational capabilities of quantum computers. The exploration in this field includes lattice-based cryptography, code-based cryptography, and multivariate polynomial cryptography.These advanced cryptographic techniques aim to create a blockchain architecture that can withstand quantum computational attacks. #btc #crack #quantum #computer
Dont forget to follow me for latest news!!:)
An often-overlooked aspect of blockchain security is the reliance on cryptographic randomness. Quantum computing poses a risk to this aspect by potentially predicting or influencing the pseudo-randomly generated numbers crucial for cryptographic operations, thereby undermining a foundational element of blockchain security.
Pioneering Quantum-Resistant Blockchain Technologies
In response to these emerging threats, the development of quantum-resistant cryptography has become paramount. This new class of cryptographic algorithms is being designed to withstand the advanced computational capabilities of quantum computers. The exploration in this field includes lattice-based cryptography, code-based cryptography, and multivariate polynomial cryptography.These advanced cryptographic techniques aim to create a blockchain architecture that can withstand quantum computational attacks. #btc #crack #quantum #computer
Dont forget to follow me for latest news!!:)
Elon Musk shares theory about Bitcoin creator Satoshi Nakamoto.
Elon Musk is Satoshi Nakamoto – Old Rumor Gets New Circumstantial Evidence.
Elon Musk and Satoshi Nakamoto Similarities
Gupta told BeInCrypto, “A few years ago, I wondered whether Musk might be capable of writing the source code of Bitcoin. I then realized he actually is. Musk wrote the software for his first companies, Zip2 and X.com, which literally specialized in peer-to-peer payments. X.com’s source code was written in C++ and described as ‘monolithic’. So was Bitcoin’s.”
"order of magnitude"
Satoshi: • "I thought it would be impractical if the block chain, bitcoin addresses, disk
space and bandwidth requirements were all an order of magnitude bigger." • "RSA can do both, but I didn't use it because it's an order of magnitude bigger
and would have been impractical." • "I know for competitive reasons the inclination is to keep it to yourself, but it could get an order of magnitude more use if anyone could give proxy access to
their country just by putting the software on a server." • "Setting up the buffer takes an order of magnitude longer than the actual
hashing if you're only hashing one or two blocks like we do."
• "The new efficient single-pass algorithm is orders of magnitude quicker. #btc #elon #satoshi #tesla
Elon Musk is Satoshi Nakamoto – Old Rumor Gets New Circumstantial Evidence.
Elon Musk and Satoshi Nakamoto Similarities
Gupta told BeInCrypto, “A few years ago, I wondered whether Musk might be capable of writing the source code of Bitcoin. I then realized he actually is. Musk wrote the software for his first companies, Zip2 and X.com, which literally specialized in peer-to-peer payments. X.com’s source code was written in C++ and described as ‘monolithic’. So was Bitcoin’s.”
"order of magnitude"
Satoshi: • "I thought it would be impractical if the block chain, bitcoin addresses, disk
space and bandwidth requirements were all an order of magnitude bigger." • "RSA can do both, but I didn't use it because it's an order of magnitude bigger
and would have been impractical." • "I know for competitive reasons the inclination is to keep it to yourself, but it could get an order of magnitude more use if anyone could give proxy access to
their country just by putting the software on a server." • "Setting up the buffer takes an order of magnitude longer than the actual
hashing if you're only hashing one or two blocks like we do."
• "The new efficient single-pass algorithm is orders of magnitude quicker. #btc #elon #satoshi #tesla
Bitcoin Suddenly Braced For A $35 Trillion Halving Price Earthquake
BitcoinBTC is just hours away from its next supply cut, known as the bitcoin halving, amid fears of a "rapid, cataclysmic" U.S. dollar collapse.
Bitcoin's price could be cut in half with its FOMO-fueled rally set to unravel. Follow me:) #btc #crash #panic
BitcoinBTC is just hours away from its next supply cut, known as the bitcoin halving, amid fears of a "rapid, cataclysmic" U.S. dollar collapse.
Bitcoin's price could be cut in half with its FOMO-fueled rally set to unravel. Follow me:) #btc #crash #panic
What is bitcoin halving – and will it affect the price?
Satoshi Nakamoto, the pseudonymous creator of bitcoin, still has an influence on the cryptocurrency nearly 14 years after disappearing.
This week the protocol designed by Nakamoto – an individual or group of individuals who went silent in December 2010 – will trigger what is known as a “bitcoin halving”, a process that has coincided with price increases in the past. The latest halving is expected to take place on Saturday.
Here we explain what the bitcoin halving entails and its potential impact.
What is bitcoin halving?
It is related to how bitcoins are recorded and created. Transactions in the cryptocurrency are recorded on a universally accessible ledger called a blockchain. These transactions are put on the blockchain by “miners” who pack them into blocks that are then linked – or “chained” – together. They do this by solving a cryptographic puzzle using specialised hardware and – this is the key bit – receive a reward in newly created bitcoins.#Megadrop #bitcoinhalving #WIF #sui #SHIB $BTC $ETH $USDC Follow me :)
Satoshi Nakamoto, the pseudonymous creator of bitcoin, still has an influence on the cryptocurrency nearly 14 years after disappearing.
This week the protocol designed by Nakamoto – an individual or group of individuals who went silent in December 2010 – will trigger what is known as a “bitcoin halving”, a process that has coincided with price increases in the past. The latest halving is expected to take place on Saturday.
Here we explain what the bitcoin halving entails and its potential impact.
What is bitcoin halving?
It is related to how bitcoins are recorded and created. Transactions in the cryptocurrency are recorded on a universally accessible ledger called a blockchain. These transactions are put on the blockchain by “miners” who pack them into blocks that are then linked – or “chained” – together. They do this by solving a cryptographic puzzle using specialised hardware and – this is the key bit – receive a reward in newly created bitcoins.#Megadrop #bitcoinhalving #WIF #sui #SHIB $BTC $ETH $USDC Follow me :)