u/Netbr1nger

▲ 41 r/Monero

Updating monero in a highly surveilled world. Fcmp++

Hi,
Just a random rant/thoughts before going to bed.

I just wanted to hear your thoughts on the upcoming fcmp++ update. This tech actually looks incredibly promising and with a real use case.

I understand that monero might never be adopted by institutions as a reserve asset. But I do see the price skyrocketing 5-10 years down the road once everything around the world becomes hyper surveilled.

As much as I love btc and what it represents, I think monero has the highest potential of all the crypto ecosystem (after bitcoin)

And yet, the average person has no clue about xmr in today’s world. Is kind of crazy if you think about it once you see where the world is heading…

I just hope most people who find themselves lucky enough to know about it, at least hold some monero as an insurance for privacy in the future. Who knows? Maybe it will become extremely useful when the day comes

reddit.com
u/Netbr1nger — 6 days ago
▲ 7 r/Monero

First of, I’m no expert. That’s why I’m posting this here to see your pov on this situation.

Been thinking about the quantum computing threat to Bitcoin and most conversations stop at “old wallets are vulnerable, Bitcoin will hard fork, we’ll be fine.”

But what actually happens in the scenario where a state-level actor successfully cracks a Satoshi-era P2PK wallet before the network updates?

what then?

They need to exit without being traced. The only realistic option is Monero. Exchanges would freeze any flagged BTC immediately, on chain mixing is traceable, and chain analysis firms would be all over unusual movement from dormant wallets.

So they head to XMR.

But Monero’s entire market cap is roughly 3-4 billion. Even 1% of the estimated Satoshi stash at current prices dwarfs available liquidity. The moment they start converting, XMR pumps violently, every onchain analyst notices, the Bitcoin community gets alerted, and the attacker has essentially announced themselves through the very act of trying to escape.

They either liquidate over decades, which gives Bitcoin time to patch, or they burn their own cover trying to move fast.

Am I missing something here? Anyone has any ideas?

reddit.com
u/Netbr1nger — 18 days ago