My initial impressions of HBO’s Money Electric:
I enjoyed it more than I thought I would.
It was obviously well researched, but slanted.
Cullen Hoback is a talented storyteller, but he didn’t overcome the burden of proof.
The movie portrayed CBDCs and their supporters accurately, and hopefully one of the big takeaways for the audience is how dangerous they are for privacy and freedom.
A lot of what passes for bitcoin maximalism is fiat maximalist cringe.
If Peter Todd actually did create Satoshi Nakamoto, I still doubt he could have acted alone. Bitcoin has always been and will always be the combined work of many people.
If Satoshi coins were never burned, there’s no way they can ever be spent now without revealing the owner’s true identity, making them the biggest target on the planet.
Even so, it would not kill bitcoin. But it could get someone killed.
I still need more time to process it, so I might have different thoughts on this film in the light of day.
HBO made this for normies, I enjoyed it🤙🏽
It covered a lot of technical ground, which was one of its best features. It was also pretty funny, and I LOLed a few times.
I wish someone would address where #bitcoin goes in the advent of quantum computing.
That could be a death blow for all encryption, not just bitcoin. We’d have much bigger problems.
Where does anything go? You're asking for people to speculate. There's lots of that already.
Quantum computing isn't yet what people speculate it will be, so there can only be speculation.
I suspect that encryption will evolve like it always has. But if it doesn't, the modern world is over anyway. Bitcoin won't matter. It would be total chaos. Production would likely slow to a crawl that's insufficient to support most of the humans alive. Most critical services would be fucked (energy, water, emergency, hospitals, etc). We'd have to figure out how to be primitive again and I suspect most humans would die. Infant mortality would skyrocket again and the average human would be considered old at 40.
Is that what you need to hear? Lol
This sort of catastrophic thinking has a paralyzing effect on people and does nothing to actually solve problems. You can't have a definite solution to a problem that doesn't even exist yet. Technology is and has always been an iterative process over time. Developments in quantum computing and encryption will likely be made in tandum over many years. We already see that happening with encryption standards now and have with classical computing for decades. Hence the reason we don't use certain encryption schemes anymore. This isn't a new movie.
Any bitcoin address that you receive bitcoin in is secure against quantum computing as long as you don't spend those UTXOs and then reuse that same bitcoin address to receive additional bitcoin.
Why is that? (ELi5 please) 😉
IIUC, P2PKH. QC can remove the H, but can't convert the PK to a SK.
So that’s ELIAMADEV but thanks anyway 😂
They suggested PT created/was SN? That's horse shit.
I like Peter but that dude did not create bitcoin. Not by a long shot.
The best case they had was a post Peter made on Bitcoin Talk where it appeared that he was posting a follow-up thought to something Satoshi wrote about transaction fees, suggesting he was logged into the wrong account, and then he stopped posting around the same time as Satoshi and didn’t return for several years.
I can see him being part of the group that made up SN and had write access to that account but Peter isn’t the kind of guy to head up something like bitcoin. Not because he’s not smart enough but because his heart wasn’t (and still isn’t) hard enough to light that candle.
nostr:nevent1qvzqqqqqqypzpdue4cn7qdct9ptfj0ndfrc469jnn49228al867m627ypas2f5j7qyghwumn8ghj7mn0wd68ytnhd9hx2tcpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uqzpxv6jlewtwj97nzmff0kp9lxytrs9e2jr787jhj88h2e8yexn62n7qf4uq
Oddbean new post about login | logout