Dave welcomed listeners to a news packed Thursday episode. MetaBeast announced ATC now streams live into his Decentraland world called ATC World. Ian Smith introduced himself and his work making Bitcoin quantum safe, while highlighting Web3 migration challenges.
0:05:17Landy celebrates Billy Long confirmation and market watching
Dave discussed Senators Warren and Blumenthal targeting Meta's stablecoin ambitions, and noted Libra's evolution into SUI. Ian Smith explained the history from Libra to SUI, and raised concerns about Zuckerberg's political influence through payments. Landy and others reacted to Shopify enabling USDC payments via Stripe Connect, calling it a major boost for USDC adoption and possible IPO momentum.
The group talked about calling out scammers and the importance of delivery when criticizing cryptography lies. Ian Smith shared his list of projects misrepresenting their math, and linked source code as proof. Dave covered Larry Fink having no retirement plans and the new Coinbase credit card, while the conversation returned to quantum computing skepticism of corporate roadmaps.
0:38:06Current capabilities
Bread described the Cloudflare outage exposing centralization dangers, while Landy highlighted Bitcoin's resilience as nodes kept humming. Coma detailed Virtuals Protocol pledging mechanics and his massive airdrop wins from Kaito points.
1:11:28Billy Long confirmed as new IRS commissioner with history of proposing to eliminate the IRS
Ian Smith presented his cryptography spreadsheet, explaining quantum risks to public keys, multisig and the extreme difficulty of migrations, with no chain having succeeded yet. Landy pushed back on post quantum cryptography readiness and the NIST process, arguing a break would endanger far more than crypto. The two debated heatedly, with Landy noting Ian's valid viewpoint but criticizing his reframing of arguments.
“I'm one of the people who's working to make Bitcoin quantum safe. I've collaborated on some bits. I talked to people that are doing, you know, programming and, you know, we're talking protocols.”
IIan Smith0:10:22Share on X
“There was Libra and DM, and then all of that team left, and they made SUI. And it was open source. It was free.”
IIan Smith0:19:29Share on X
“Zuck is not gonna be left out of that game. Absolutely not gonna be left out. So, you know, he he got sidelined, this past election. He's going to come back in a very big way, I think.”
Landy0:21:56Share on X
“Bitcoin had no problems at all. But if you wanted to bridge out to anything else, all these other networks are having problems because what did they do with all their nodes, signers, and validators? Oh, they're in these big data centers.”
“What quantum computers will begin to be able to do is turn your public key into your private key. This is also true of proof of stake. This is true of Bitcoin. This is true of all of Web three.”
IIan Smith1:27:04Share on X
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