13 Risks That Come With The Growing Power Of Quantum Computing

forbes tech council ^ | Nov 8, 2022 | Expert Panel®

[daniel1212]

1. Modern Encryption Methods Will Be Rendered Useless

Financial technologies are completely dependent on modern encryption methods. Any password or key can be cracked by brute-force attack, but currently, computing power does not allow attackers to succeed in a reasonable time. With the release of quantum computing into the public sector, all encryption becomes useless, and currently, the industry has no answer on how to deal with it. - Pavlo Sidelov, SDK.finance

2. Web Interactions Will Be At Risk

The breakdown of prevalent cryptographic technology is an infrastructural risk. Most security technology is based on our current inability to quickly find the prime number factors of a key. Quantum computers can crack current cryptographic keys quickly, so every existing Web interaction is at risk....

3. DNNs Will Be More Difficult to Evaluate

If quantum computing is used for machine learning—quantum machine learning—then it could present the ultimate black box problem. Deep neural networks are notoriously opaque... - Somdip Dey, Nosh Technologies

4. Some Nation-States Could Be More Vulnerable In Warfare

5. Encrypted Data Can Be Harvested Now For Exploitation Later

6. There May Be HR-Related Impacts

7. The Digital Divide Could Grow Exponentially

8. Organizations May Struggle To Find Needed Helium

,,,,The technology relies on helium-based cooling

9. Blockchain Technology’s Algorithms Could Be Cracked

10. The Costs May Be Prohibitive For Most Organizations

11. Businesses May Have To Upgrade Or Be Left Behind

12. There Are Security Vulnerabilities That Haven’t Even Been Discovered Yet

[daniel1212]

Musk has created a scaleable AI architecture that will enable later generations of AI to have IQ’s of over 200—or smarter than any human ever—with all the data/information that’s ever been created instantly and coherently available to them.

Imagine a presidential debate against an AI candidate.

[dp0622]

it’s the opposite but one has to really be on top of crypto to understand it

[Lake Living]

“We’re gonna put this number on your head and right hand. Don’t worry, the government says it’s ok.”

[pleasenotcalifornia]

Time to bring back paper,pencil and carrier pigeons for communications.

[Reeses]

people with nefarious intentions will use it to enslave others

The victims won't be picking lettuce or cotton, as machines do all that better and cheaper. The victims main value will be as sex slaves. Most people don't have the time, skills, charisma, or required psychopathy, to recruit, contain, brainwash, groom, and monitor a harem of sex slaves, but using new AI tools, simply as a weekend hobby, anyone can do it!

[EnderWiggin1970]

Cryptocurrency folks have been aware of QC all along. We've had quantum-resistant test currencies at least since 2017. (See for example https://coinmarketcap.com/currencies/quantum-resistant-ledger/)

Even if a Q-day surprise appears, it will take a few hours to scramble and release a patch on bitcoin and other cryptos will quickly follow suit. And those of us not reusing change addresses won't be vulnerable anyway.

It is the fiat world that will be in trouble. The banking and credit card systems the world over will be vulnerable for weeks and unable to function. In fact, I've been wargaming a sudden Q-day scenario, and it seems likely to me that a Q-day event will be used by cryptocurrency advocates of the less savory sort to maliciously attack and wreak havoc on the banking system (zeroing some accounts, creating billions in others, and generally causing mayhem so that no fiat financial data can be trusted). The result will be to force the world to adopt cryptocurrency or be driven back to 18th century commerce.

[minnesota_bound]

One day I hope to use Quantum computing to crack the bitlocker key on my external drive. It must be the drive I used on my work pc but after being retired 3 years I do not remember the login....

[PLMerite]

14. SKYNET

[daniel1212]

If you read “Quantum Supremacy: How the Quantum Computer Revolution Will Change Everything” by Michio Kaku you’ll also learn we have a distinct possibility to make huge progress towards cures of many forms of cancer, Alzheimer, and similar diseases. Not to mention not conducting tests on animals and substantial shortening lead time for drugs.

Sure, and war itself usually leads to beneficial advances in tech, relative to who wins. The issue here is, that if the Chicoms develop this first, they could enslave the rest.