"Quantum Computing Won't Kill Bitcoin" Pete Rizzo Reveals Why Bitcoin Is Built to Survive

Yeah, well, it's feeling good, right? I mean, you test the ground, it feels firm.

The question is, of course, do we crack through the ice and go below? back to the old floor i've been using a couple ways to think about this one i think people think that cold card was the ftx moment that's become kind of the conventional thinking i think that the bottom is in we've seen the structural failure i think one of the interesting counter ideas uh that i find compelling is what if it was the terra luna so if you're new to the space you don't know this analogy um you know 2022 sentiment was high Crypto was back.

Tom Brady was pimping and pumping us.

Celebrities were here.

You know, a major stable coin, Terra Luna collapsed, went to zero.

It was beautiful.

Literally went to zero in real time.

You never see it in another market.

You'll never see it happen.

Maybe you'll never see it happen again after the Clarity Act.

And then, you know, people thought it was over, right? Six months went by.

Finally, October, you know, someone from FTX tweets that, you know, they wouldn't like to see their stock or their token go below a certain price.

And markets did what they did.

A couple couple days later, you know, there was no more FTX.

Right.

And so I think it's pretty clear where the structural failure is.

Right.

We know that the sort of open source benevolence funded Bitcoin maximalist ecosystem, which I know and love and consider myself a member, is it's hurting cold card was Helms deep for that movement.

And then you've seen BTC pay server.

You've seen some of the major lightning network infrastructure providers.

Now you had liquid look, it's looking like that infrastructure is getting beaten up, right? What we have now is that AI has advanced so much that it's able to attack crypto infrastructure, right? And obviously, Crypto is code.

The whole thing is code.

And AI can now analyze it at light speed.

So I think the question, one of the questions I've been asking is, have we seen the end of that? Are we now, have we now hit a delta between the reality? The reality is some of these code bases were reviewed.

Cold Card spent millions attacking their own code base.