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mvmrik
Member since: 2025-05-09
mvmrik
mvmrik 6d

If someone believes that there will always be greedy and power-hungry people in the world, and that we can't change that, but we can build a system that harnesses their greed and selfishness to make things workโ€”that person is wise and far-sighted. If someone thinks it's possible for the world to achieve harmony, where people live in peace and mutual understanding, and everyone voluntarily helps their neighbor purely for the common goodโ€”then they're a naive fool. Look at how Bitcoin was created and how it operates, relying on human selfishness. It compels people to collaborate and contribute to the collective, but they do it for their own selfish gain. If this model were applied to global governance, everything would be better.

mvmrik
mvmrik 14d

Bitcoin has shown resilience post the April 2024 halving, with historical trends indicating bull runs typically peaking 12-18 months later, suggesting potential upside into 2026 despite current consolidation around $110,000. Recent Fed rate cut hints triggered volatility, causing a 2-6% dip amid $800M liquidations and bearish sentiment, with the Fear & Greed Index at 39 signaling fear, though institutional inflows provide counterbalance. Macro factors like U.S. dollar strength and liquidity resets could pressure prices short-term, but normalized leverage and rising on-chain activity point to a rebound; in the near future, expect choppy trading with risks below $100K, while long-term outlook remains bullish toward new highs driven by scarcity and adoption. ๐Ÿšจ Bitcoin dips 1.6% to around $111,000 after Fed hints at smaller rate cuts. ๐Ÿ’ฅ Crypto traders face $800M liquidations in volatile "sell-the-news" reversal. ๐Ÿ“‰ BTC plummets 6% post-Fed cut amid Binance dumping fears and data gaps. ๐Ÿ˜จ October 2025 labeled most cursed month in crypto with lingering market fear. ๐Ÿ”ป Gold falls alongside Bitcoin for fourth day, signaling broader bearish trends. ๐Ÿ“Š BTC tests $112K before retreating, supported by whale outflows and 59.3% dominance. ๐Ÿ”ฎ Eyes on $122K as support holds strong with institutional inflows. For the next week: ๐Ÿ“ˆ Potential rebound to $115K if $108K support holds amid post-Fed stabilization. ๐Ÿ“‰ Risk of dip to $105K on continued volatility and macro caution. For the next month: ๐Ÿ”„ Range-bound between $105K-$120K as liquidity resets and sentiment recovers. ๐Ÿš€ Upside to $122K possible with positive on-chain metrics and reduced leverage. For the next year: ๐ŸŒŸ Bullish surge toward $150K+ following historical post-halving patterns and adoption growth. โš ๏ธ Downside risks to $80K if stagflation persists, but scarcity favors long-term highs. This is not financial advice, but calculations and assumptions that may not come true.

mvmrik
mvmrik 15d

Bitcoin is currently experiencing a pre-FOMC dip, with prices stabilizing around $112,500 after a 1-2% drop in the last 24 hours, influenced by market liquidations exceeding $217 million and broader crypto weakness despite stock market highs. Post-2024 halving trends suggest continued upward momentum into 2025, as historical patterns show price peaks 12-18 months after halvings, potentially amplified by expected Fed rate cuts and improving sentiment shifting from fear to greed. Key factors like ETF inflows, reduced miner pressure, and liquidity hopes could drive short-term recovery, while long-term growth may hinge on macro stability and institutional adoption, projecting consolidation near-term but bullish expansion over the year amid neutral-to-positive market moods. Bitcoin Highlights from the Last 24 Hours ๐Ÿ“‰ Bitcoin slips 1.2% to around $112,568, marking a standard pre-FOMC pullback amid quiet trading. ๐Ÿšจ Over $217 million in crypto liquidations stun traders, with Bitcoin and Ethereum leading the downturn. ๐Ÿ“Š Market shows weakness defying S&P 500 records, as BTC sinks below $113K in late U.S. session. ๐Ÿ”ป Ethereum drops below $4,000, reflecting broader sector declines tied to Bitcoin's movement. ๐Ÿ›ก๏ธ Analysts note dip looks temporary, with $120K path opening if support holds above $110K. Price Expectations Next Week: ๐Ÿ“ˆ Potential rebound to $115K-$118K if Fed cut boosts liquidity and sentiment stays greedy. ๐Ÿ“‰ Risk of dip to $110K on volatility from FOMC decision. Next Month: ๐Ÿš€ Climb toward $120K-$125K as post-halving momentum builds with ETF inflows. โš ๏ธ Consolidation around $112K if macro uncertainties persist. Next Year: ๐ŸŒŸ Bullish surge to $130K-$150K peak, following historical halving cycles and institutional demand. ๐Ÿ“Š Average forecast around $138K by end-2025, with upside to $180K on favorable policies. This is not financial advice, but calculations and assumptions that are not guaranteed to come true.

mvmrik
mvmrik 20d

Fast quantum computers will most likely appear, but they are still not a threat.

mvmrik
mvmrik 20d

Blockchain analysis shows that 1.5โ€“2 million BTC, mostly from early addresses (2009โ€“2011), have exposed public keys due to transactions. These are vulnerable to future quantum computers with 3000 logical qubits, which could use Shorโ€™s algorithm to derive private keys in hours to days. Such quantum advancements are expected between 2030 and 2050, per IBM and Google roadmaps. Modern HD wallets protect new addresses by generating a new one per transaction, keeping public keys hidden until used. This makes new addresses resistant to quantum attacks. Even current quantum computers like Googleโ€™s Willow (105 physical qubits) pose no threat, as theyโ€™re far from the required 2000โ€“3000 logical qubits. A quantum-resistant Bitcoin, using post-quantum algorithms (e.g., lattice-based cryptography), will only protect newly created addresses. Old addresses with exposed public keys will remain vulnerable unless funds are manually transferred to new, secure addresses before an attack. These old addresses are likely to be compromised when the technology arrives. Compromising these addresses could cause a market shock, as releasing 1.5โ€“2 million BTC may trigger a sharp price drop, potentially 20โ€“50% or more, due to panic and market flooding. However, this would return coins considered permanently lost to circulation, increasing liquidity. Long-term, this is unlikely to harm Bitcoin. Instead, adopting quantum-resistant cryptography will make the network more secure, and unlocking unused coins will increase the usable percentage of the total supply. This could boost confidence and support Bitcoinโ€™s growth as a more robust and secure system.

mvmrik
mvmrik 20d

Google's Willow, with 105 physical qubits, cannot break a private key from a public key in Bitcoin, as 2000โ€“3000 logical qubits are needed for Shor's algorithm. This makes such an attack impossible with current technology. A quantum computer with 3000 logical qubits could use Shor's algorithm to derive a private key from a public key in hours to days, rendering Bitcoin's elliptic curve cryptography (secp256k1) vulnerable. This threatens addresses with exposed public keys. Modern Bitcoin wallets (HD wallets) counter this by generating a new address for each transaction. The public key remains hidden until the address is used, protecting unused addresses from quantum attacks. Guessing a 24-word seed phrase (256 bits of entropy) with a quantum computer is nearly impossible. Grover's algorithm reduces the search to ~2^128 attempts, but even with 3000 qubits, this would take billions of years. Neither Willow nor a more powerful quantum computer has a practical chance of success. Conclusion: Bitcoin is secure against current quantum computers.

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๐Ÿ‡ง๐Ÿ‡ฌ Bulgarian coder working with PHP and JS, a Bitcoin maxi driven by financial freedom. Huge Nostr fan and all about that decentralized life! #bitcoin #nostr

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