THE FIRST QUANTUM HIT MAY SKIP SATOSHI 🚨👀⚛️
The prize may be the key that prints crypto dollars, not Satoshi's pile. 💵🛑
Cointelegraph quotes Quantus Network CEO Christopher Smith: the most valuable on-chain key may be Tether's minting key (the admin key that creates new USDT). 🧾
That idea is interesting. Thieves may not stop at one issuer. They may hit all stablecoins, and may start with decentralized stablecoins first, because those cannot be frozen on demand. ⚠️
Why minting stablecoins can beat dumping Satoshi Bitcoin:
🔶 New dollar tokens with a valid signature
🔷 Cash hits DeFi and exchanges fast
🔸 Dumping huge stolen Bitcoin can crash Bitcoin while the thief still sells
🔹 Mint near $1, then buy Bitcoin and other top coins
Tether and Circle can freeze USDT and USDC in a wallet after they see it. Freeze is real, but often late:
1) mint first
2) swap to Bitcoin or Ethereum in minutes
3) move to self-custody
4) freeze cannot pull back Bitcoin already bought 📈⚡
USDT is near about $183B of crypto dollar cash today. 🏦
The first quantum money story may look like a sudden mint plus huge hourly Bitcoin pumps, not a press note that says quantum day started. 🕯️
If freeze only works after the swap, who wins: the issuer team, or the thief already holding Bitcoin? 👇
#Crypto #Bitcoin #USDT #Stablecoin #Quantum
The prize may be the key that prints crypto dollars, not Satoshi's pile. 💵🛑
Cointelegraph quotes Quantus Network CEO Christopher Smith: the most valuable on-chain key may be Tether's minting key (the admin key that creates new USDT). 🧾
That idea is interesting. Thieves may not stop at one issuer. They may hit all stablecoins, and may start with decentralized stablecoins first, because those cannot be frozen on demand. ⚠️
Why minting stablecoins can beat dumping Satoshi Bitcoin:
🔶 New dollar tokens with a valid signature
🔷 Cash hits DeFi and exchanges fast
🔸 Dumping huge stolen Bitcoin can crash Bitcoin while the thief still sells
🔹 Mint near $1, then buy Bitcoin and other top coins
Tether and Circle can freeze USDT and USDC in a wallet after they see it. Freeze is real, but often late:
1) mint first
2) swap to Bitcoin or Ethereum in minutes
3) move to self-custody
4) freeze cannot pull back Bitcoin already bought 📈⚡
USDT is near about $183B of crypto dollar cash today. 🏦
The first quantum money story may look like a sudden mint plus huge hourly Bitcoin pumps, not a press note that says quantum day started. 🕯️
If freeze only works after the swap, who wins: the issuer team, or the thief already holding Bitcoin? 👇
#Crypto #Bitcoin #USDT #Stablecoin #Quantum