[fhayek]

Something that takes supercomputers 10 septillion years to compute takes this chip 5 minutes. That’s just plain impressive.

[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[billorites]

We’ll leave it to the porn industry to work out the practical details.

[zeestephen]

I have been asking the same question for five years.

If someone hacks an anonymous Bitcoin, how does the rightful owner prove ownership?

If someone steals your fungible cash from a bank, you have monthly account statements, plus federally backed insurance.

If someone steals a Bitcoin and changes the pass code, the only thing left in your account is fresh air.

[Gay State Conservative]

later

[Dartoid]

Google is being laughed at for once again making big claims, that in the past have not lived up.

[delta7]

E currency, digital money? Trump stated in his first term…” is based on thin air”….his 180 turn is puzzling, but I hand it to him in listening to E money enthusiasts.

The world’s Central Banks are buying Gold in historic amounts, not E money….in fact the Basel Agreements ( BIS, IMF) prohibit Central Banks from counting E money as an asset…not a Tier one asset, not a Tier Two or three asset- but zero….fads come and go….tulip bulbs comes to mind.

[Brian Griffin]

Bitcoin may be rock solid secure, but I don’t think this PC is, or my cellphone is.

[Revel]

I can’t wait for Windows Quantum.

[EnderWiggin1970]

It's worth pointing out that while cryptocurrencies have a finite number of vulnerabilities, their security situation is simple to fix in comparison with traditional banks and government/security databases. Most blockchains copy off Bitcoin's design or a handful of others, so a fix that works for one will be easily adapted to others (within a matter of hours from past experiences if need be.) And the protocol is not terribly complex, with a handful of things that need to be fixed.

The real issue for crypto would be centralized exchanges (securing login/account info), if those still exist. And banks and everyone else would have the same problem, except that banks also have all sorts of back end operations and financial interfaces (SWIFT, Zelle, ACH, etc.) that would also need to be locked down. So I expect there would be 1000X more chaos in the banking industry (and in governments dealing with their military/intelligence and other systems being compromised) if QC's suddenly showed up with malicious intent. Every community bank in the world would suddenly be clamoring to hire QC experts to fix their systems, and there would not be enough talent to go around. While most of the limited pool of QC experts are already involved with crypto in one fashion or another.

[palmer]

"Quantum proof" cryptocurrencies may have already been invented. I don't keep up and 99.9% of new crypto are pump and dump or just for kicks. But somewhere out there may be be new CC that will resist cracking with quantum or conventional brute force computing.

The problem is it will be really hard to figure out what's what. New CC will almost inevitably have flaws which makes them vulnerable to today's tech.

[NoLibZone]

https://www.coindesk.com/tech/2024/12/10/what-does-googles-quantum-computing-chip-mean-for-bitcoin

[Wildbill22]

This chip probably is more a threat to banks and financial security which would more easily be cracked.

What I think is something to think about is if you combine this level of chip and computing power with AI. It will outsmart us without us even knowing it happened.