Officials from the Korean central bank said in a March 16 response to a written inquiry that they have not looked into a potential Bitcoin (BTC) reserve, citing high volatility. Responding to a question from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, central bankers said that they have “neither discussed nor reviewed the possible inclusion of Bitcoin in foreign exchange reserves, adding that “a cautious approach is needed,” according to the Korea Herald.“Bitcoin’s price volatility is very high,” the central bank noted, before adding that “in the case of cryptocurrency market instability, transaction costs to cash out Bitcoins could rise drastically.”Jameson Lopp says we shouldn't allow quantum computers to restore lost BTCJameson Lopp, chief security officer at Bitcoin (BTC) custody company Casa, recently argued that Quantum computers should not be used to restore lost BTC.
The cypherpunk and industry executive added to the ongoing debate about the potential for quantum computers to restore lost BTC after Tether CEO Paolo Ardoino pitched the idea in February. Libra, Melania creator’s ‘Wolf of Wall Street’ memecoin crashes 99%The creator of the Libra (LIBRA) token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin’s 99% collapse.
According to a March 16 article from Lopp, allowing quantum computers to restore Bitcoin that was previously thought to be lost would violate the core value propositions of the network, including censorship resistance, transaction immutability, and conservatism.
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Author / Journalist: Cointelegraph by Cointelegraph
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