00:00You might be thinking, well, if quantum breaks all encryption, then
00:05doesn't everyone have this problem?
00:07Not just Bitcoin.
00:08I mean, banks, governments.
00:10The entire internet, yes and no.
00:15Laserbeast has a useful framing for why Bitcoin is uniquely exposed.
00:19If quantum...
00:20computers do become a problem, then banks and nuclear power plants and no...
00:25had missile silos or whatever, like, are going to be under threat.
00:28No, they're not.
00:29The reality is they...
00:30They can always just hire a bunch of experts and spend as...
00:35...modly amounts of money that they can print to secure a system that is essentially...
00:40...secured not really by how challenging it is to circumvent...
00:45...and the actual security measures, but the fact that the state will...
00:50...then just go and apply their monopoly on violence.
00:55We call that proof of prison, right?
00:57Like, that's how the existing fiat financial...
01:00...system works is it's not necessarily secured by cartography, really.
01:04It's secured...
01:05...contracts between humans.
01:08Proof of prison.
01:10Proof of prison.
01:11It's a good catchy term.
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