What Does Google's Quantum Computing Chip Mean for Bitcoin?

CoinDesk ^ | Dec 10, 2024 | Shaurya Malwa|

[fhayek]

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

[nickcarraway]

They may be living up to their name.

[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.

[nickcarraway]

What are some examples?

[nickcarraway]

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

I thought blockchain?

[calljack]

the 3 body problem would be a good place to start

[Dartoid]

There were similar claims by Google in 2019 regarding their breakthrough’s. It was met with a sizeable amount of skepticism. Here are some links from other articles.

https://www.science.org/content/article/ibm-casts-doubt-googles-claims-quantum-supremacy

https://www.forbes.com/sites/johnkoetsier/2019/10/23/ibm-googles-quantum-supremacy-is-150-million-percent-wrong/

https://www.techspot.com/news/105918-experts-cast-doubt-google-septillion-years-claim-new.html

https://www.reuters.com/technology/google-says-it-has-cracked-quantum-computing-challenge-with-new-chip-2024-12-09/

[Right_Wing_Madman]

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

You've asked this stupid bitcoin question multiple times and we've answered you multiple times, but you never bother to read the responses.

[Brian Griffin]

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

[zeestephen]

Re: "you never bother to read the responses."

I disagree.

I always read the responses. Some of them several times.

So far, I still have no idea how I get my stolen Bitcoin back, or even how I prove it is my Bitcoin.

[cgbg]

If you howl “blockchain” at the moon your bitcoin will appear again....

Science!

Lol.

[nickcarraway]

I am no Crypto expert, but a blockchain is a ledger that records every transaction of the Bitcoin. It's distributed, meaning, it's not in one place. So, allegedly, if someone stole your Bitcoin, there is a permanent record of it leaving your possession, and entering there.

People also use what's called a wallet, it's a digital way to lock up your Bitcoin, and only access it with your credentials.

There is an infamous case of a man in Wales, whose girlfriend threw his Bitcoin out. He's been trying for about a decade to retrieve it. But presumably, it's not stolen, it's just moldering at the dump.

Maybe another Freeper can explain it better.

[nickcarraway]

It’s worth a try.

[nickcarraway]

I have no idea what OpenSea is, but I’ve heard of it.