Jordon Gecko retweeted
Imagine publicly talking about Bitcoin when it was $5 in 2011…
and still talking 💩 about it at $80,000, 15 years later.
H/t @AlexesNakamoto
Jordon Gecko retweeted
What is Jason Calacanis, 56 years later?
He's not great for starting companies or for creating value. His posts are too inside-baseball for most and his days of influencing are way behind him.
If his names come up at a dinner party, it's followed by a hearty "remember him?"
He's a VC, and trusted as that, which is his biggest value.
He's boring.
The dead cat continues to bounce.
What is Bitcoin, 17 years later?
It’s not great for transactions or smart contracts; the user experience is still intimidating for most, and it’s no longer capturing the public’s imagination.
If it comes up at the dinner party, it's followed by a hearty “remember that!”
It’s a boring store of value, trusted as that—which is its biggest value.
It's boring.
Folks expect bitcoin to be stable and that it’s no longer a way to get rich quick.
Institutions embracing and accumulating it took $btc from punk rock to Muzak.
Advocates went from pirates to suits in orange ties, awkwardly sharing cringe memes — just like the cool kids do!
If Bitcoin were going to reach mass adoption and an important use case, it does better than anyone else, it would have by now.
Bitcoin feels like the CD in the age of Spotify, the DVD in the age of Netflix — a bridge technology that folks who invested in “their collection” keep saying is the better experience.
Perhaps bitcoin is vinyl, cool memories and fun to drag out and put on display, but a technology that served us to get to where we are now.
Jordon Gecko retweeted
$PURR - Gamma Squeeze
capitalflowsresearch.com/p/p…
Received today:
"We know things feel uncertain right now. Crypto’s supposed to feel revolutionary. Lately, it’s just felt exhausting.
If you've been watching your portfolio, questioning your decisions, or feeling disconnected from the endless "to the moon" chatter online, you're not alone. We've heard from so many of you that this year’s been tough, in ways that go beyond just numbers on a screen.
That's exactly why we believe the Crypto Gathering matters more now than ever."
WHAT a grifter.... IFKYK
Jordon Gecko retweeted
Replying to @willywoo
Hey Willy, appreciate you bringing quantum threats to your audience's attention. Your guide has the right instincts about protecting public keys, but there's a comprehensive migration plan already in motion that changes the whole picture.
For anyone who needs the basics, Bitcoin's security relies on the fact that while everyone can see your public key, like your username, only you know your private key, your password. The mathematical relationship between them would take regular computers millions of years to crack. But quantum computers change this game entirely. They use something called Shor's algorithm to solve this math problem in seconds instead of millions of years. Suddenly, knowing someone's public key means you can calculate their private key and steal their Bitcoin. This isn't sci-fi anymore since IBM has a published roadmap showing 100,000 qubit quantum systems by 2033, and Google just demonstrated 20x improvements in quantum algorithms this year. We're talking late 2020s, early 2030s for computers capable of breaking Bitcoin's cryptography.
You're absolutely right that bc1p Taproot addresses expose public keys directly while bc1q SegWit addresses hide them behind two layers of hashing. In theory, this makes bc1q safer until you spend. But here's the critical issue, the moment you broadcast ANY Bitcoin transaction, your public key becomes visible in the mempool. A quantum computer that can break keys in seconds doesn't care about network congestion. They could watch the mempool, instantly derive your private key, and broadcast a competing transaction to steal your funds before yours confirms. Your step 6 about timing the network assumes quantum computers need hours when they'll actually need seconds.
The good news is Bitcoin developers have a structured migration plan. There's BIP-360 (github.com/bitcoin/bips/pull…) implementing P2QRH addresses using ML-DSA signatures that NIST approved in 2024, these are quantum-resistant signatures that remain secure even against quantum computers. The migration proposal (github.com/bitcoin/bips/blob…) by Jameson Lopp and team lays out a clear timeline. Phase A begins 160,000 blocks, about 3 years, after BIP-360 launches. The network stops accepting transactions TO legacy addresses, ensuring all services upgrade to receive payments. Phase B follows 110,000 blocks later, making all non-quantum signatures invalid. This prevents quantum computers from stealing vulnerable coins by making them unspendable before quantum computers can access them. It's a proactive defense, not a punishment.
About 5 million Bitcoin has exposed public keys from old P2PK outputs or address reuse, that's 25% of supply at risk. The migration gives everyone 5+ years to move their coins. They're also exploring Phase C with zero-knowledge proofs to potentially recover funds for those who miss the deadline but can prove seed phrase ownership. Your "never send" strategy creates unusable wealth. Eventually everyone needs to transact, and when you do, you're exposed. The migration ensures a smooth transition rather than waiting for crisis mode.
Here's where things get genuinely catastrophic for other chains. Bitcoin can migrate because UTXOs are independent, but Ethereum and smart contract platforms face an unsolvable challenge. Every Ethereum contract is immutable code that verifies ownership using ECDSA. Uniswap's bytecode at 0x7a250d5630B4cF539739dF2C5dAcb4c659F2488D permanently checks msg.sender for token ownership. This can never be changed. When quantum computers break ECDSA, these contracts become vulnerable, Uniswap with $4B locked, AAVE with $12B, Compound with $2B, every NFT collection, USDT and USDC contracts controlling hundreds of billions. You can't migrate because moving funds requires the signatures quantum computers can forge. Every integrated contract has these addresses hardcoded. The composability that makes DeFi powerful becomes its weakness.
Vitalik's emergency hard fork plan sounds impressive until you examine it closely. The plan involves reverting the blockchain before quantum theft, disabling all EOA transactions, and forcing everyone to prove ownership through STARKs to migrate to quantum-safe wallets. But this only saves ETH in regular accounts. Every smart contract deployed before the fork remains vulnerable forever. Users would prove knowledge of their seed phrase via a STARK and get a new quantum-resistant key, but this doesn't help the hundreds of billions locked in immutable contracts that verify ownership through msg.sender coming from ECDSA signatures hardcoded into bytecode.
Ethereum's "Splurge" roadmap includes lattice-based cryptography and account abstraction, but only for NEW contracts. The millions already deployed are permanent quantum honeypots. Vitalik admitted account abstraction lets users switch to quantum-resistant signatures "on their own schedule" but this is meaningless for existing contracts that expect ECDSA forever. Ethereum's entire stack relies on ECDSA, BLS, and KZG, all vulnerable to quantum attacks. Even if they hard fork to save EOA accounts, every DeFi protocol, every token contract, every piece of composable infrastructure remains capturable because they all check ECDSA signatures at the contract level, not the protocol level.
Solana's situation is even worse despite their "quantum vault" PR stunt. The Solana Winternitz Vault is an optional add-on that generates new keys for each transaction, but this doesn't fix the core problem. Every Solana program directly calls ed25519 signature verification in its code. Solana programs must include Ed25519 signature verification instructions in transactions, with the native Ed25519Program handling this verification. This means signature verification is baked into every single program's logic. The offset-based design means programs themselves still require ed25519 signatures to function.
When ed25519 breaks, every Solana program becomes exploitable because programs check signatures using the native Ed25519Program which verifies ed25519 curves. The SPL token program, every DEX, every NFT standard, they all directly verify ed25519 signatures. You can't upgrade deployed programs to use different signature schemes. The recent paper claiming EdDSA chains are "inherently more prepared" admits that if an Ed25519 public key is exposed, quantum computers crack it just like any other elliptic curve. The Winternitz Vault generates new keys with "about a 50% chance of being compromised for future transactions," which is absurd security theater. Plus it's optional, meaning 99.9% of Solana value remains in standard programs vulnerable to quantum attacks.
Bitcoin survives through this migration. Yes, maybe 20-30% of supply gets frozen forever, but the network continues and remaining coins gain value from scarcity. It's challenging but it works. Ethereum and every smart contract platform have coded themselves into extinction through immutable contracts requiring ECDSA forever. Every new DeFi protocol deployed today is another permanent vulnerability that can never be fixed. When quantum computers arrive, whoever gets there first doesn't just steal coins, they inherit the entire decentralized web.
Your bc1q strategy is like fireproofing your furniture while your foundation is gasoline. Bitcoin's migration plan works whether we like it or not. Smart contract platforms built everything on architecture that becomes instantly capturable when quantum computers go online.
The absolutely insane part is while this existential threat approaches, the Bitcoin community is busy throwing shoes at each other about OP_RETURN limits arguing whether 80 bytes constitutes spam on a data field that barely anyone uses. They're having meltdowns about inscriptions taking up precious block space while completely ignoring that post-quantum ML-DSA signatures will make blocks absolutely massive, we're talking 4-8KB per signature versus today's 64 bytes. That's over 100x larger. The same people crying about JPEGs will have to accept blocks that dwarf anything ordinals ever did just to keep their Bitcoin from being stolen by quantum computers. But instead of preparing for that reality, they're fighting Twitter wars about NFTs on Bitcoin while the cryptographic foundation of the entire industry has an expiration date.
Both Ethereum and Solana are architecturally doomed because they built immutable code that depends on specific signature schemes. Ethereum's hard fork saves EOA accounts but abandons all smart contracts worth hundreds of billions. Solana's vault is an optional bandaid while every program remains permanently vulnerable. When quantum computers arrive, they don't just steal some coins, they inherit everything built on these platforms.
Most people have no idea their DeFi positions and smart contract tokens are architecturally doomed. They think developers will figure it out eventually. They don't realize that for immutable contracts, there is no eventually. The code is permanent, the addresses are fixed, and the signatures are ECDSA or ed25519 forever. People need to wake the fuck up. This isn't some distant theoretical threat, it's consensus developers acting on concrete timelines from IBM and Google. Would really value your perspective on getting your audience to understand this before it's too late.
Jordon Gecko retweeted
Sam Altman is a fascinating new type of person -- someone who is transparently a sociopathic liar and grifter and immensely unlikeable to 99% of humanity, but within Silicon Valley tech bro circles is viewed as incredibly charismatic and visionary
Jordon Gecko retweeted
What do you think @ChipotleTweets? This sounds like a good idea.
Jordon Gecko retweeted
Coinbase is long bitcoin.
Our holding increased by 2,772 BTC in Q3. And we keep buying more.
Jordon Gecko retweeted
Replying to @zerohedge
True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
Jordon Gecko retweeted
All said and done, regardless of what sparked it, Friday was a "Flash Crash". Flash crashes usually recover in V-shapes back to their prior price/range and usually go on to make new highs shortly after.
In this case, we entirely wiped out all accumulated leverage too.
Higher.
Jordon Gecko retweeted
Replying to @karbonbased
more like the move back into your mom's basement trade
Jordon Gecko retweeted
The largest mining companies believe copper is set for a fascinating 12-18 months.
Recently, they shared outlooks at the Deutsche Bank annual copper CEO conference.
Here are your key takeaways:
Jordon Gecko retweeted
Hey Ray - a quick word about your take on Bitcoin:
Store-of-value test already passed. In 16 years Bitcoin rose from zero to a 2.4 trillion-dollar asset, crushed gold and every fiat currency on long-term purchasing-power charts, and settles $10-plus trillion on-chain without bailouts or downtime.
Central-bank blessing is irrelevant. The dollar was not born inside the Bank of England, and the Internet did not need the Post Office. Corporations, ETFs, and hundreds of millions of individuals are adopting Bitcoin because they choose uncensorable collateral, not because a committee stamped it.
Transparency is a feature, not a flaw. Public auditability eliminates the very opacity that let shadow banking implode in 2008. When privacy is required, tools like Lightning, CoinJoin, and federated sidechains add optional confidentiality without sacrificing integrity.
“Code could be broken” is hand-waved FUD. Bitcoin’s SHA-256 and ECDSA remain unbroken despite global bounty incentives, and quantum-safe upgrade paths are already mapped. Compare that to the guaranteed, predictable 7% annual debasement baked into every fiat currency.
Owning “not much” Bitcoin is the real risk. A 1-2 percent hedge hardly offsets the asymmetric upside that a non-sovereign, absolutely scarce asset brings.
The portfolio that survived Bretton Woods, the Nixon shock, and the GFC will not survive a purely digital era by underweighting the first digitally native reserve asset.
Skepticism is healthy, but the data speak louder than doubts.
I can’t say exactly how effective Bitcoin is as a money, but it’s being perceived by many as an alternative money and so is worth paying attention to.
Money needs to be both a medium of exchange and a storehold of wealth — and the latter is more important.
I doubt that any central bank will take it on as a reserve currency. That’s because all of the transactions are public, so there’s no privacy to it, and there’s a risk that in the future the code could be broken to make it less effective through government controls.
My personal approach is that I do have some Bitcoin in my portfolio, but not much.
Jordon Gecko retweeted
Replying to @RayDalio
Dalio is close to getting it, but just can’t help but to sprinkle in some quantum FUD.
Jordon Gecko retweeted
Replying to @RaoulGMI
I am a big fan of your everything code and how demographics is the big driver for your thesis but am having trouble seeing how harnessing solar wind water with the required footprint, plus the logistics & actual electrical equipment needed to get that energy to the AI centres can ever be cheap enough to consider energy cost trending towards zero?






















