Episode notes
Nine of the biggest names in finance put up $15 million between them. IBM alone is spending $10 billion.On July 23 the Bitcoin Security Consortium launched: BlackRock, Coinbase, Strategy, Block, Blockstream, Anchorage Digital, ARK Invest, Fidelity Digital Assets and Galaxy, pledging $15 million over three years for post-quantum research. There is no pooled fund and no governance role over the protocol — every firm writes its own cheques, and Brink's Mike Schmidt coordinates the whole thing as an unpaid volunteer. Joey and Len take the obvious objection seriously and then take the other side seriously too, because that structure was built specifically to make capture harder, not easier.The number everyone will repeat is 6.9 million BTC — roughly $460 billion — sitting in address types a working quantum computer could empty. That's a Google Quantum AI estimate, and estimates vary widely: other researchers put the exposed share anywhere from 20% to 50% of supply. No such machine exists. Adam Back says decades. Project Eleven's CEO says 2029 worst case, 2033 base case.Then: Jack Mallers walks away from Twenty One Capital and the treasury model keeps coming apart — Satsuma liquidating all 668 BTC, Sequans down more than 80%, Strategy selling 3,588 coins to fund a dividend. And CertiK's numbers on physical attacks against holders, including Canada's own file.Plus Clown World North: a Vancouver council hearing took public comment from Los Angeles, Ottawa waived the reporting requirements on a $12.1 million grant that has produced zero excavations in five years, and Alberta pulled a 2.4-pound goldfish out of a stormwater pond.The Canadian Bitcoiners Podcast - New episodes weekly.X: https://x.com/CanadianBTCPodJoey: https://x.com/joeytweeetsLen: https://x.com/thebtcpricebotSite: https://canadianbitcoiners.com#Bitcoin #BitcoinSecurity #Quantum #Canada
