Insights do GoBTC(@gobtc)

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🚀 Dive into the World of Anthony Pompliano! 🚀 💡 Anthony Pompliano, commonly known as "Pomp," is renowned for his bullish views on Bitcoin. He consistently advocates for Bitcoin's potential to disrupt traditional finance. Have you been influenced by any of Pomp's predictions or investment strategies? 🎙️ Pomp hosts the popular podcast "The Pomp Podcast," where he interviews key figures in the tech and finance industries and explores how cryptocurrencies and blockchain technology are shaping the future. What's the most memorable insight you've heard on his podcast? 📈 With a background in both military and technology investments, Pompliano brings a unique perspective to the crypto world. He often discusses the importance of discipline and long-term investment philosophy. How do you incorporate discipline into your investment strategies? #curiosity #trendingtopic

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💡 Discover Brad Garlinghouse and Ripple! 💡 🌊 Brad Garlinghouse has been the CEO of Ripple since 2015 and has steered the company towards focusing on using blockchain technology for cross-border payments. Do you think blockchain is the future of financial transactions? 📉 Under his leadership, Ripple’s XRP became one of the top cryptocurrencies by market cap. Have you ever used XRP for transactions? 🌍 Ripple, under Brad’s direction, focuses on partnering with banks rather than displacing them, which is unique in the crypto world. What’s your take on cryptocurrencies working with traditional banks? #curiosity #trendingtopic $XRP

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But if you had a quantum computer, could you steal Satoshi's #bitcoin? Let's explore. Satoshi Nakamoto is believed to have mined up to 1.1 million #BTC valued at a staggering $64 billion as of this post. What a honeypot! A sufficiently powerful quantum computer could reverse the elliptical curve cryptography used in Bitcoin signatures and compute private keys from public keys. And, of course, having the private key for an address lets you spend all the bitcoin from that address. But, first you need to know the public key. So how does one find public keys? The public key for a Bitcoin address is only revealed and posted to the blockchain when a transaction is made from that address. Using a block explorer you can find transactions made from an address and easily locate the public key. So what if we knew of a transaction made by Satoshi, such as when he famously sent 10 BTC to Hal Finney? Is that it? OpSec blown? 1.1 million BTC just waiting to be unlocked by quantum computers? Not quite. Satoshi did a couple clever things to deter this scenario. Firstly, not all 1.1 million of his bitcoin is stored in a single address. He sent each of his mining rewards to a different address. As a result, most of the addresses attributed to him hold just 50 bitcoin each received from the mining block reward. Secondly, these addresses have never spent any coins. Which means, their public keys have never been revealed and are unknown. Recall that our hypothetical quantum computer attack only works if we know the public key. What of the address from which Satoshi famously sent 10 BTC to Hal Finney? Likewise, this address only had 50 BTC to start, and only has a few bitcoin left for a would be quantum thief. So ultimately our answer is, no, there is no jackpot of 1.1 million bitcoin to be had by the first person to obtain a powerful enough quantum computer. And this is good news because it means that no bad actor wanting to crash the bitcoin market will be able to access Satoshi's coins either.

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