Ya gotta larf.If anyone is concerned about what might happen under a potential President Trump, hiss latest speech might give a few clues.
He went on with some big promises:
Trump also confirmed that he will appoint a crypto advisory council with "regulations written by industry-loving people within 100 days."
Trump also confirmed that "there will never be a CBDC" while he is president.
Additionally, the former president pointing out that
Promising to 'drill, baby, drill', Trump notes that with low energy costs the USA will become the undisputed bitcoin mining center of the world.
Finally, Trump dropped the big guns:
View attachment 181612
would certainly agree with the dumping of Gensler, captive to the big players, he was never goping to ruin their money making machine.
The question is, will his potential replacement be any better for the rest of us?
Mick
Indeed, imagine quantum power in North Korea.. BTC would disappear overnightAs the logarithmic improvements in Quantum computing start to roll out, one aspect of its use should be of concern to crypto currencies of all persuasions.
The use of very high prime numbers *4096 bits) that are used in Cryptos as well as banking, defence security etc may well become vulnerable to the sheer computing power of Quantum computers.
They are a long way off currently, but unless the security people develop something other than RSA, the vulnerability of everything that relies on it will escalate.
Its not a problem till it is.
Mick
The improvements in QUANTUM computers is starting to follow Moore's law for "standard" computing chips.As the logarithmic improvements in Quantum computing start to roll out, one aspect of its use should be of concern to crypto currencies of all persuasions.
The use of very high prime numbers *4096 bits) that are used in Cryptos as well as banking, defence security etc may well become vulnerable to the sheer computing power of Quantum computers.
They are a long way off currently, but unless the security people develop something other than RSA, the vulnerability of everything that relies on it will escalate.
Its not a problem till it is.
Need to keep a close eye on this.The improvements in QUANTUM computers is starting to follow Moore's law for "standard" computing chips.
The 1,000 QBIT is the next cab off the rank.
Once they get a 10,000 QBIT chip, no existing public key security systems will be safe.
Google have unveiled a 100 QBIT chip that is mind bogglingly fast compared to even the fastest standard sequential super computers.
Mick
Are you concerned that a quantum computer would quickly create the remaining unsolved BTC?
Thereby making them only worth what someone is willing to pay for it without any intrinsic value at all.
Creating the last few BTC in a day would have a limited effect, a one off oversupply; the real issue is that computer can crack any key and so just steal your BTC.Are you concerned that a quantum computer would quickly create the remaining unsolved BTC?
Thereby making them only worth what someone is willing to pay for it without any intrinsic value at all.
Yes, but I believe it would be anything digital related. That includes all online transactions. This is a case of the most powerful computer wins.Are you concerned that a quantum computer would quickly create the remaining unsolved BTC?
Thereby making them only worth what someone is willing to pay for it without any intrinsic value at all.
It's not a threat yet. But something to watch. They are basically creating a digital God with these computers.I followed a few arguments on this yesterday and the answer from bitcoin companies is yes and no. It is a concern, but the btc protectives are
Sorry for butting in. I decided to have a sides of BTC with my lunch one day after Ole The Donald started selling it.
- Willow the Google Quantum is unable to do it atm
- BTC will develop cyber protection against it.
- Quantum can make BTC itself more difficult to be hacked.
Below are a few free access articles which summarise nicely what I know on Quantum/Willow and BTC.
Does Google’s Quantum Computing Chip Willow Spell the End for Bitcoin (BTC)? Not Really, Say Experts
What does the uber-powerful Quantum supercomputer Willow mean for bitcoin and crypto security.www.coindesk.com
Will Google's Willow quantum computing chip means risk for Bitcoin? Here's what you need to know - Times of India
TECH NEWS : Google's new quantum chip, Willow, can solve complex problems incredibly fast, raising concerns about Bitcoin's security. Experts assure that Bitcoin'timesofindia.indiatimes.com
gg
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?