ℹ️Satoshi Nakamoto proposed two solutions in case quantum computing threatened Bitcoin:
1 - Freeze the blockchain in the last safe state and continue with a new hash function.
2 - Update the software to use a new hash from a specific block, ensuring that everyone updates in time.
1 - “If SHA-256 is broken, we could agree on the state of the blockchain before the problems start, lock it, and continue from there with a new hash function.”
2 “If the hash breakage is gradual, we could transition to a new hash in an orderly fashion. The software would be programmed to start using a new hash after a certain block.
Everyone would have to update by that time.
The software could save the new hash of all old blocks to ensure that a different block with the same old hash could not be used.”
First image: Satoshi quote. Second image: Neven's law, quantum computing evolution.
🚨Microsoft Board of Directors Says Bitcoin Is "Unnecessary."
"The inherent volatility of cryptocurrencies poses a risk to corporate treasury applications."
"Microsoft has robust and adequate processes in place to manage and diversify its corporate treasury for the long-term benefit of shareholders, making this requested public review unnecessary."
🚨🇷🇺Russian MP proposes creation of strategic#Bitcoinreserve.
Tkachev cites volatility and sanctions on traditional currencies as a risk to financial stability and points to $BTC as a safe alternative for Russia's national reserves.
Argentina's President @JMilei has announced the dismissal of the country's head of the IRS after she maintained plans to tax cryptocurrencies, streamers and digital influencers.
🚨🚨Brazilian government will study bitcoin custody and "best time to sell."
The proposal draws attention to the possible change in the authorities' attitude. This is because, when seized bitcoins or other cryptocurrencies arrived in the possession of police agencies, the recommendation was to sell them as quickly as possible.