RE: Quantum Supremacy

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Very nice article! Yes, I've read about this news and the way it made it's way into the public which initially triggert my "conspiracy radar" hahaha!

Nah, kiddind aside, this is impressive to say the least that this was achievable even with one of the Qbits being "out of order" in this test setup.

When we will see some real life use of this is still open imho.

I'm always have an eye on quantum computing because of the possible implications to encryption tech or to put it bluntly possible hash cracking successes powered by quantum computing.

Being an crypto enthusiast this especially would make for a bunch of really bad days if something in this regard would happen.

...and again a few months back an IBM statement on this possibility in short "blowing crypto into oblivion by quantum computing due to cracking encryption"... send shivers down my spine and didn't make me like IBM more tbqh! Hahaha!

We're still far away from such possibilities but my feeling is crypto encryption must be quantum hardened soonish!

Cheers!
Lucky



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Hello dear @doifeellucky, thanks for your comment.

... and again a few months back an IBM statement on this possibility in short "blowing crypto into oblivion by quantum computing due to cracking encryption" ... send shivers down my spine and didn't make me like IBM more tbqh! Hahaha!

A certain friend for me is a reasonable fear. Can you imagine if this happens? hahaha, suddenly the cryptography in which we were all sure loses all its charm and security?

Anyway, just like you, I think that is still unlikely.

Thanks friend!

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Yep @fucho80!

Scary right? I already imagined that... for sure no fun that thought! Hahaha!

But... besides this breaking encryption horror scenario there are other risks involved when it comes to crypto and especially Bitcoin.

Bad actors could easily try to make Bitcoin obsolete by 51%ing the Bitcoin network.

It's always stated that it would be economically unfeasible to go for an 51% scenario but this argument may is flawed when it comes to nation states and bigger economic and political goals. What if an attacker doesn't care about Bitcoin "profit"?

"The Hated One" recently made and nice video on this that I recommend watching for all crypto enthusiasts:

Cheers!
Lucky

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