Search results for Chamath Palihapitiya
Crypto
Coinbase, Strike CEOs rebut concerns over bitcoin capital and power shift
Bitcoin advocates rebutted claims by Social Capital CEO Chamath Palihapitiya that speculative money is shifting from bitcoin to prediction and equity markets and that mining power could generate 10 to 20 times more value if redirected to AI token services. Coinbase CEO Brian Armstrong disputed linking mining energy to price, while Strike CEO Jack Mallers said such flows were not bitcoin-loyal demand. Others called the trends cyclical or self-correcting.
Crypto
Why the AI boom cannot bring down bitcoin: inflation, scarcity
Coinbase CEO Brian Armstrong (브라이언 암스트롱) rejected claims that an AI boom could bring down bitcoin. He said the bitcoin network would keep operating normally even if miners shift to AI computing because mining difficulty adjusts automatically. Armstrong also said bitcoin’s price is driven not by electricity costs for mining but by global inflation concerns, arguing demand for a scarce digital asset can persist regardless of power use.
Crypto
Google unpublished quantum attack circuits already reproducible, warning flags bitcoin security threshold
Warnings that quantum computing could threaten cryptocurrency security have resurfaced, with some experts arguing even unpublished attack methods can already be reproduced. Ben Goertzel said Google’s secrecy is unlikely to be a real defense and highlighted an on-spend attack scenario that could break encryption in about 9 minutes, implying a 41 percent success probability. Analysts said about 6.9 million bitcoin may be exposed. Google has urged a shift to post-quantum cryptography by 2029.