A Friendly Warning to President Trump: Bitcoin is a Colossal Ticking Bomb!
- Gideon Samid
- 2 minutes ago
- 2 min read
Friend and foe alike admit that you are a rare political genius. What a massive campaign the Democratic machine piled up against you towards the election -- and you crashed them into smithereens. The world is shivering in anticipation for your next move, supporters and detractors alike. You are the most consequential human being on Earth today.
And when you put your pointed finger towards Bitcoin then a trillion dollar worth of wealth is migrating from cash, from stock, form bonds, from collaterals -- buying Bitcoin. You and your family are well positioned to benefit from the dramatic rise of value, and you set up the country to harvest the benefit of what appears as an unbridled swell.
Whatever you are else, you are salesman number one on the globe today -- with your Midas Touch, sneakers and watches bearing your name become collectors' items, and Bitcoin is much the same.
Only that it is not.
Hidden in the gold rush is a stubborn fact escaping attention. Bitcoin and its imitators are founded on a mathematical construct called "Elliptic Curve". You don't need to understand what an elliptic curve is, but you need to very much understand that it has a non-negotiable geek-vulnerability. That means that a single mathematician smarter than its designer can unravel the elliptic curve. The same magic that builds Bitcoin as a vault for trillions of dollar, is the magic that will make every last Bitcoin disappear -- no trace, not even ashes.
One single geek, probably eating macaroni-and-cheese in his mother's basement, using a pad of stained paper and a sharp pencil, jotting out the formula that will put every one using it in control of every Bitcoin account -- and bring Bitcoin into nothingness.
Your enemies, and they are many, are waiting patiently for Bitcoin to double its today's value. They count on you and your committed followers to keep pumping the dollar value higher and higher, up and up. The gross value of Bitcoin today is greater than the GDP of Canada. It will soar way above -- and then crash in a catastrophic collapse.
Mr. President, you can run circles around the entire Democratic party, you can get the  middle east into high attention, you can bring the EU to its knees, but you cannot beat arithmetic and algebra. That geek out there who already figured it out, probably, and is waiting for Bitcoin to mushroom -- that geek can undo all the fantastic accomplishment now listed next to your name.
If you ignore this warning, and humanity (mostly Americans) would lose trillions of dollars in value, then the darkness ensued will bury all the glory before.
You created a trail of breakthrough milestones, Â Mr. President. Learn from history: don't follow Napoleon into Russia. Add to your genius the wisdom to walk away from a death trap.
Afterthought: digital money is clearly a fantastic new ingredient in modern civilization, but not Bitcoin neither its imitators. BitMint and other currency solutions are not geek-vulnerable, choose them!

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