/biz/ - Business & Finance

[Anonymous No.24896637]

>3 years on the day after major crash began crypto begins to break new ATHs
>literally every day there is a new article about a breakthrough in quantum computing

They do this shit on purpose, don't they?

[Anonymous No.24896681]

>>24896637
Esplain the quantums pls fren

[Anonymous No.24896702]

Being concerned about this now is like credit card companies being concerned about crypto 10 years ago. It won't matter in your lifetime.

[Anonymous No.24896747]

>>24896637
Holy shit, now I can play Gta iv with no hiccups.

[Anonymous No.24896748]

>>24896637
>load ze quantum fud

[Anonymous No.24896765]

>>24896637
Yes and it's all bullshit

[Anonymous No.24896775]

>>24896681
something like quantum computers being able to crack cryptographic algorithms easily

[Anonymous No.24896856]

more FUD

[Anonymous No.24897094]

Yeah and don't ever buy gold because we'll soon be able to mine pure solid gold asteroids for cheap using the up and coming space elevator

[Anonymous No.24897321]

>>24897094
unironically this wake up faggot - https://www.orionsarm.com/fm_store/Paul%20Birch's%20Page.htm

[Anonymous No.24897401]

why the fuck do these nerds have to dig deeper in AI and QC, once they crack the code it will be over for all of us. And for what? Some fucking incels autistic desire to be curious george. They should all be eradicated

[Anonymous No.24897417]

>>24896637
Quantum is not really a threat to Bitcoin...
Even if the blockchain get compromised the dev will upgrade to a quantum resistant algo and fork back the blockchain, just like it was done with Ethereum in 2016. But we're still 10 years away of such an event being remotely possible.
Nobody will lose anything.

[Anonymous No.24897467]

>>24897094
difference being that we actually have quantum computers
no one has ever brought back even 1/100000000000000000000000000th of an ounce of gold from an asteroid

[Anonymous No.24897583]

quantum computing is not a threat to bitcoin. It will still take multiple lifetimes to crack the code, not to mention you'd just bump up to SHA528

[Anonymous No.24897664]

>>24896637
memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant


memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant


memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant


memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

[Anonymous No.24897769]

>>24897401

They dont really have a choice if its basically an arms race, do they? If they dont do it then China or whoever will do it first, and theyll be defenseless

[Anonymous No.24898002]

>>24897583
Do the private keys change at that point but remain based on same seed phrases? I haven't looked into this and am hoping it's as easy as bumping the algorithm and making the 100% cracked BTC 2020 useless.

[Anonymous No.24898057]

>>24897094
>>24897321
16 Psyche is awesome but the space elevator electric conduction problem is massive. Catastrophically massive unless there are a lot of these elevators.

[Anonymous No.24898068]

>>24897664
guess the idea is that many of those systems can run without direct connection to the internet
my hospital files don't need to be on servers connected to anything other than the hospital Ethernet

also, most of these things can still be run without encryption, airports won't shut down just because people can crack encryption
bitcoin however cannot survive without safe encryption

[Anonymous No.24898109]

>>24896748
Good thing I have quantum immortality

[Anonymous No.24898151]

>>24898068
bitcoin will literally be the first thing to switch to a quantum resistant protocol

[Anonymous No.24898210]

>>24897417
You don't understand.

Quantum computers outpace conventional computers on an exponential scale. Add as many classical bits as you want. Quantum computers will always outpace it at a scale of 2^2n.

[Anonymous No.24898221]

>>24896637
They don't even need to crack quantum. Banks just have to give the thumbs up to their lobbyists to write the cheques, and the Crypto market is regulated into uselessness.

[Anonymous No.24898313]

>>24896856
>believing China

[Anonymous No.24898444]

>>24898151
quantum resistance doesn't exist
the only way to avoid being decrypted is using pre-shared secret keys which is only possible for private channels with few involved parties
the moment the key becomes public your encryption will be broken

cryptocurrencies are sadly impossible with quantum computers
luckily we will reach $400k long before anyone breaks btc