metw02024

Quantum computers still have a few hurdles to overcome... https://spectrum.ieee.org/quantum-computing-skeptics https://www.technologyreview.com/2022/03/28/1048355/quantum-...

On the contrary... bitcoin desperately needs this approval. The current (and future) price of BTC is absolutely predicated upon the greater fool theory.

The network is dependent on miners. Miners earn bitcoin but spend dollars to create it. They're dependent on price appreciation to provide the liquidity that sustains their business. Without this approval, who is going to continue to pay more for bitcoin?

I'm confused by this comment. What do you mean "seized by fiat"? Custodial wallets can and have been seized by government agencies. Cold wallet storage devices can and have been seized. Bitcoin has no intrinsic value, only imputed value.