- “Zero Chance”
- Future threat
The former Wall Street Merchant Josh Mandell has waves made On the social media platform X, stating that old bitcoins are being stolen from long wallets (“deceased”).
Mandell, who won a lot of prominence Earlier this year, with its extremely prophetic Bitcoin pricing prediction, it argues that the “big player” is secretly using technology to accumulate more BTC without using the market.
The former Salomon Brothers and Caxton Associates merchant believes that the chain analysis remains the only obstacle since it would be able to detect such patterns.
“Zero Chance”
The extravagant and ridiculous theory has obviously found strong rejections and teasing within the Bitcoin community.
“There is literally no possibility that this is currently happening,” said Harry Beckwith, founder of Hot Pixel Group, in a social media statement.
Matthew Pines, executive director of Bitcoin Policy Institute, states that Mandell’s assumption is “false.”
“That is enough computer time for you today, grandfather,” joked another commentator.
Future threat
Breaking the Bitcoin cryptography would require millions of stable chips corrected by error.
Although quantum computing has achieved significant progress during the past year with the Microsoft Majorana 1 chip and Google’s willow, technology is not close to raising a threat to the largest cryptocurrency.
That said, some experts believe that quantum computing could be powerful enough to represent a threat to Bitcoin within 20 years from now on.
As Reported by U.TODAYJameson Lopp, a prominent cypherpunk, previously presented a case to burn vulnerable quantum bitcoins.
He also predicted that quantum large -scale theft could block the price of the leading cryptocurrency.
