Bitcoin price discussion and analysis

[mullokintyre]

If anyone is concerned about what might happen under a potential President Trump, hiss latest speech might give a few clues.


He went on with some big promises:


Trump also confirmed that he will appoint a crypto advisory council with "regulations written by industry-loving people within 100 days."

Trump also confirmed that "there will never be a CBDC" while he is president.


Additionally, the former president pointing out that


Promising to 'drill, baby, drill', Trump notes that with low energy costs the USA will become the undisputed bitcoin mining center of the world.

Finally, Trump dropped the big guns:


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would certainly agree with the dumping of Gensler, captive to the big players, he was never goping to ruin their money making machine.
The question is, will his potential replacement be any better for the rest of us?
Mick

Ya gotta larf.
So transparent.
As soon as Trump says Bitcoin is the future, the DNC gaurantees it won't.
No mention of BTC in the Harris DNC manifesto, almost as if it does not exist.
Trump says he will fire Gensler.
No there is talk that Harris would install Gensler as Treasury Secretary.
Whoever wins will be most unlikely to have any great control of BTC, but it does not stop them pretending they ca control it.
Mick

 

[moXJO]

Ahh bitcoin you've done it again.

 

[mullokintyre]

As the logarithmic improvements in Quantum computing start to roll out, one aspect of its use should be of concern to crypto currencies of all persuasions.
The use of very high prime numbers *4096 bits) that are used in Cryptos as well as banking, defence security etc may well become vulnerable to the sheer computing power of Quantum computers.
They are a long way off currently, but unless the security people develop something other than RSA, the vulnerability of everything that relies on it will escalate.
Its not a problem till it is.
Mick

 

[qldfrog]

As the logarithmic improvements in Quantum computing start to roll out, one aspect of its use should be of concern to crypto currencies of all persuasions.
The use of very high prime numbers *4096 bits) that are used in Cryptos as well as banking, defence security etc may well become vulnerable to the sheer computing power of Quantum computers.
They are a long way off currently, but unless the security people develop something other than RSA, the vulnerability of everything that relies on it will escalate.
Its not a problem till it is.
Mick

Indeed, imagine quantum power in North Korea.. BTC would disappear overnight

 

[moXJO]

But until that time its a hell of a trading instrument.