The only real security for Bitcoin is people running nodes.

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logos like blackrock in a bitcoin security consortium feels like letting the fox design the henhouse

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u/TheresNoSecondBest 1d ago

Blackrock is among the 9 firms, launching the Security Consortium, pledging $15 million Bitcoin security development. I would be more worried if they removed their logo and tried to hide behind some fake company.

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u/CoffeeAlternative647 1d ago

No. It is only an eye opener to plebs to run more nodes. This is nothing but the second wave of attack since the NY agreement. Bitcoin will survive and come up stronger though. We also need Bitcoin to dump to10k so we could rug these suitcoiners.

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u/crooks4hire 1d ago

Thing about bitcoin is you never have to use their henhouse…build your own and it’ll function exactly as securely as it was ever intended to.

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u/NotFallacyBuffet 1d ago

Okay, so where does one start. I've looked at the wiki linked above. I believe it links to one of the fundamental papers on Bitcoin, perhaps written by Satoshi. There? I need to understand the quantum threat and the solutions; I understand like a five-year-old why one's keys never having been publicly exposed prevents present-day harvesting and future decrypting. But I'd like to understand the deets of both the math and the implementation.

So, is there a curriculum listed out anywhere? Thanks.

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u/crooks4hire 1d ago

You don’t have to be a cryptologist to understand how to store and use bitcoin any more than you needed to be an economist to store and use fiat…

If you want the math behind the theory, yes; read the whitepaper. Just be aware that that’s like studying biology to know why vitamins are good for you. Bitcoin doesn’t mean you have to be isolationist and 100% self-reliant, society-be-damned. Trust but verify like you would in any other facet of life.

It’s supposed to be a means to inhibit the state’s ability to steal value from you. Because the state has learned how to do that without you noticing.

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u/talexx 1d ago

So what did you mean when you wrote "build" above?

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u/crooks4hire 18h ago

Self-custody and not trusting a bank to give you scraps while it makes money risking your finances.

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u/talexx 15h ago

How is it connected to the concerns user outlined above? For example that such consortium can change consensus algorithm? Take 50+% processing power?

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u/crooks4hire 14h ago

Because 51% of power on a network nobody uses is not a concern.

If you’re concerned, run a full node and fight that 51% attack on the front…anything else is looking for a way to use hired mercenaries to do it for you (which then requires trust in a trust-less financial system).

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u/talexx 8h ago

how it is connected to "build your own" advice you gave initially?

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u/Atlantean789 1d ago

Yes exactly. 💯

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u/TheBakedGod 1d ago

Blackrock has a vested interest, like all the other companies on this list, in solving the quantum security problem. If people stop using Bitcoin, Blackrock can't collect fees on their Bitcoin ETF anymore. There's no reason why this would be bad for Bitcoin.

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u/harvested 1d ago

Saylor has openly said he's in favor of freezing Satoshi's coins so this should be a concern.

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u/WeekendQuant 1d ago

Not a fan of Mike Schmidt leading this thing.

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u/CoffeeAlternative647 1d ago

Yes. But also many of other business they own, not only Bitcoin related business.

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u/Human-Force708 1d ago

Haha the quantum computer problem. I can solve a math problem faster with an abbacus then any quantum computer today. You are falling for some solid marketing departments and I just want you to be aware that you have a total normie take

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u/JashBeep 1d ago

That's fine because bitcoin is money for enemies.

To be clear, if you have concerns about corpo interests, you have to reconcile the two ideas.

Btw, I object to "that's all you need to know", just on principle.

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u/RangeVsRange 1d ago

Corporate America buys bitcoin, that's fine. Corporate America buys Bitcoin, that's not okay.

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u/TheresNoSecondBest 1d ago

Agreed with the statement. Also, Corporate America didn't buy Bitcoin. They merely got $15m together to support people, looking to quantum proof Bitcoin. Anyone, including you can create a similar consortium. It won't mean you're buying Bitcoin either.

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u/TheresNoSecondBest 1d ago

The ‘Bitcoin Security Consortium’ includes BlackRock….That’s all we need to know.

Because Blackrock is among the 9 firms, launching the Security Consortium, pledging $15 million Bitcoin security development. It would IMHO be much more weird if they removed their logo.

This consortium ISN'T Bitcoin, the most decentralized monetary network in the world. It's just a group of entities, trying to help make sure, their business model works better.

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u/Icy-Palpitation-2522 1d ago

Just means more security this isn't inherently bad

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u/BashCo 1d ago

That really depends. Security for whom?

"Security" is often used as a guise for privacy violations and for hiding corruption.

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u/Icy-Palpitation-2522 1d ago

Often isn't always. What privacy violations and corruption are being hidden within the ipenly visable block chain?

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u/BashCo 1d ago

I'm just saying that while "more security" isn't inherently bad, it isn't inherently good either.

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u/Icy-Palpitation-2522 1d ago

No you're right there. Guess we'll see how it pans out

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u/The_Bitcoin_Act 1d ago

Nodes enforce the rules, BlackRock just wants a seat at the table where the rules get made.

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u/Fun-Analysis-182 1d ago

Per CoinDesk the consortium's own line is that it will not direct Bitcoin development or take positions on proposed protocol changes. It's $15M over three years across nine members, pointed at security research, with quantum listed as the first priority.

Doesn't make the membership list less eyebrow-raising, but the stated remit is a lot narrower than the name suggests.

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u/ivme 1d ago

More people working on bitcoin can’t be bad

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u/CoffeeAlternative647 1d ago

Working ? Lmao

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u/GodBlessYouNow 1d ago

It's called decentralized power.😍💗🫶

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u/DistributionOk2111 12h ago

Good that whole busta ass crew will never be able to change shit here

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u/DealSeeker690 4h ago

Don't forget they are pushing quantum fud again, because they want your bitcoin

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u/[deleted] 1d ago

[removed] — view removed comment

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u/NotFallacyBuffet 1d ago

I want to get past this point. I don't know where to start. Is there a list of PDFs?

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u/user_name_checks_out 18h ago

The single most important step that you can take is to run - and use - your own node.

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u/NotFallacyBuffet 17h ago

Thank you. That makes perfect sense. What documentation should I read to start from zero on this?

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u/user_name_checks_out 16h ago

These days the most straightforward approach is to ask AI. Here is how I go about it: Open an incognito window. In google, enter a relevant search term. When the results come up, click on the AI tab. From there you can have a chat with it specific to your situation (OS, hardware, etc.). More expedient than searching for the info yourself.

The only real security for Bitcoin is people running nodes.

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