[Cryptography] Montana: A Post-Quantum Blockchain with Time as Scarcity

[Bill Woodcock]

> On May 18, 2026, at 09:12, Pierre Abbat <phma at bezitopo.org> wrote:
> With  cryptocurrency, a lost coin cannot be found

This kinda leads to a circular definition of “lost.”  I guess I would say that in traditional currencies, large amounts tend to go into reserves, and optimists assume that they will stay there, but when things get bad, optimistic predictions which may have held fast for long periods of time suddenly become inapplicable.  With cryptocurrencies, optimists assume that large blocks which haven’t moved in a long time are associated with lost keys, which will not be found or brute-forced.  I imagine optimistic assessments which have held true for a long time could, likewise, go out the window rather quickly if the status-quo changes.

                                -Bill

-------------- next part --------------
A non-text attachment was scrubbed...
Name: signature.asc
Type: application/pgp-signature
Size: 833 bytes
Desc: Message signed with OpenPGP
URL: <https://www.metzdowd.com/pipermail/cryptography/attachments/20260519/c5c02c62/attachment.sig>