Ethereum

Genuine question in light of Google's Willow announcement.

We knew for years that both Bitcoin and Ethereum would eventually need to move from their current ECDSA to a post-quantum cryptographic algorithm.

My understanding is that such a move will require (i) the implementation of a new algorithm in the codebase, obviously, but also (ii) user action to migrate their tokens to the newly-generated, quantum-resistant addresses.

If my understanding is correct, does it mean that inactive wallets (deceased owner, lost passphrase, etc.) will inevitably become vulnerable at some point, or will they be prohibited from transacting past a certain date after the switch?

If it's the latter, it breaks the promise of permanence of blockchains. If the former, it means that at some point, vast amounts of tokens from dead wallets will be retrieved and will flood the market once again. Chief among them, of course, are Satoshi's own wallets.

This race to crack and dump old wallets would be catastrophic to public trust IMO

Interesting implications for burned assets as well...

blockspace babe. cultural attaché from ‘06 twitter. adjacent possible fanatic. writing at https://paragraph.xyz/@jdl

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Something doesn’t have to be surprising to be interesting.

Restauranteur, skateboarder, dad, eth maximalist
Posting in /2010-twitter /politics and /mls mostly

PFP is Big Hugs

FID: 14150

Interesting to see the dynamic split in response to the United health insurance CEO assassination. Small group panicking and demanding increased authoritarianism, larger group making jokes and showing zero sympathy. 

https://paragraph.xyz/@seanbonner/the-crowd-lights-a-fire-269

Just had NotebookLM look at the text for a satirical book I co-wrote in 2016 and holy crap.

Canada Post is on strike so if I was going to mail you something today, turns out I’m not. 

Respect to Stephen King and all, but protest quitting X and going to Threads instead is potato/potato just with a different name on the building. 

That new Netflix UFO documentary is a massive nothing burger of randos speculating with absolutely zero new revelations or confirmations. 

https://paragraph.xyz/@seanbonner/the-crowd-the-socials-[268]

https://paragraph.xyz/@seanbonner/the-crowd-on-the-eve-267

Rodeo

The creative social network. ✳︎ rodeo.club

https://paragraph.xyz/@seanbonner/the-crowd-questions-intelligence-266

https://paragraph.xyz/@seanbonner/the-crowd-self-aware-265

Sean Bonner 🔥

@seanbonner.eth