[ExI] Sell your Bitcoins!

[Keith Henson]

It is perhaps worth considering the "market" for bitcoins.

It is essentially a way to keep governments from tracking money. The
value of Bitcoin will rise depending on how much money people are
trying to hide.

This was the intent of Bitcoin from the very start.

It has worked so far.

Keith

On Mon, May 18, 2026 at 12:36 PM Jason Resch via extropy-chat
<extropy-chat at lists.extropy.org> wrote:
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> On Mon, May 18, 2026, 1:28 PM John Clark <johnkclark at gmail.com> wrote:
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>> On Mon, May 18, 2026 at 10:11 AM Jason Resch via extropy-chat <extropy-chat at lists.extropy.org> wrote:
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>>>>> > >> You've been telling people to sell their bitcoins since 2017.
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>>>> >> I think you must be confusing me with somebody else, in 2017 I still foolishly believed bitcoin might be a net positive force in the world. I was dead wrong. In 2017 I never predicted the price of bitcoin would collapse, and certainly not  collapse because of quantum computers. In 2017 I wasn't certain that building a fault tolerant quantum computer would even be possible, much less practical. But things have changed radically since 2017.
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>>> > On September 13th, 2017 on this very e-mail list, you wrote "If you ever hear that Microsoft has built a topological quantum computer that can factor the number 15 then sell your Bitcoins, hold onto your hat, and get ready for a wild ride."
>>> Note that IBM had factored the number 15 in 2001,
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>> You think I didn't know that in 2017? That 2001 IBM quantum computer was NOT fault tolerant, nor did I imply in 2017 that a fault tolerant machine was likely to arrive soon, and if you intend to factor a number much greater than 15 you're going to need it to be fault tolerant; but today in 2026 I am saying something different, I am saying that such a machine will arrive soon. And when it does the shit is gonna hit the fan.
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>> As for a topological quantum computer I stand by what I wrote then, if somebody announces they have made a breakthrough and have invented a topological quantum computer then bitcoin is toast. But in 2017 I didn't know if such a machine was possible, and in 2026 I still don't know if a topological quantum computer is practical or even possible, but that's not the only way to make a fault tolerant machine.
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>>> > so in effect, you were telling people then that it was too late and to sell their bitcoins.
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>> BULLSHIT! You are being disingenuous, and that really pisses me off.
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> I did not know that a topological quantum computer was categorically different from IBM's, which was clear from my asking why I didn't know why it was important whether it was IBM or Microsoft that factored 15. Clearly then it was a misunderstanding on my part and not me being disingenuous. But I do consider your deleting that part of my email as likely motivated by disingenuous reasons.
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> Jason
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