/biz/ - Business & Finance

>>14039422

It's just a meme dawg

Sonthe whole idea behind bitcoin is that it's far easier and more profitable to mine it than to try to crack someone's keys. With current tech it would take longer than the age of the universe to find the private keys for a wallet with a balance. With quantum computers it is allegedly far easier to find a collision, bit it's decades away from becoming a thing (if ever) so yeah it's a meme.

>>14039422
This is an over simplification but basically

With current computers, each transistor means one operation per unit of time (lets say second). So if you have a million transistors, you have 1 megahertz computer

With quantum computers, each quantum transistor means you one operation per unit of time squared upon itself. So if you only have 1000 quantum transistors, you have a 1 megahurtz computer.

If you have 100000 quantum transistors, you have 1000000000Gigahz computer

>>14039497
Why is it easier for a quantum computer?

It will never happen. Quantum superposition doesn't work at macrostates which is what you need for computers. Hype subject for academics to get funding.

>>14039497
Ibm said they plan to offer commercial quantum computing resources in the next 2 years... It is a lot closer than you think.

>>14039534
That is actually some scary stuff man. Could deffinately see all current encryption being broken although I'm sure more stronger encryption will be invented for quantum computers.

>>14039560
>It will never happen. Quantum superposition doesn't work at macrostates which is what you need for computers. Hype subject for academics to get funding.
>literally said about every single technology that has ever existed...lasers were considered a laughing stock of science when they were proposed, then a laughing stock as useless when created....now they are everywhere

>>14039569
>Ibm said
Uh huh. I'll believe it when I see it.

>>14039576
They offer use of their quantum computers as a fucking service right now you fucking brainlet

>>14039497
What if I get super rich off meme coins and buy quantum computers to counter act this? Does this work like this?

>>14039589
Quantum encryption already exists.

https://www.youtube.com/watch?v=UiJiXNEm-Go

your meme coins are open source, and thus will be updated when necessary

>>14039588
Kek

>>14039452
It's like nukes, yeah we have them and someone could fuck everything up, but it makes more sense to just profit and if it goes down then everything is kill anyway so who cares

>>14039422
You fagfora over explain

It's like this

>Quantum superposition says that something is everywhere and no where

>A quantum computer would have all conceivable answers to a hash and when you need a specific one you make it true

>Regular computers would have to physically Brut force each one

>>14039625
i can only see a bitch sucking a dick
what else can be seen

>>14039899
Whatever you desire most in life.

>>14039570
Idk, man, the order of magnitude we're talking about is several larger than the number of atoms in the universe. We're so far away from mastering quantum computers the way we've mastered traditional electromagnetism that even if it's possible for them (quantum comps) to brute force ECC (not a given by any stretch), we're still a hundred years away from that tech, at least

>>14039915
what else can be seen though
i cant see anything else

what do you see

>>14039422
Normal computing processes things as 0 or 1, quantum can do both. Our brain acts like a quantum computer, a certain combination of neurons firing in a specific way, helps us recall a memory. Quantum computing can do multiple computations at once with exponentially less processing power.

>>14039949
It can be literally anything. It's one of those trick images where your mind puts together random angles and makes it appear to be something that's on your mind. I see a house on a lake. It helps if you ignore the colors.

>>14039422
Some guys created a website that had every possible bitcoin wallet and key to prove a point. Only thing is you wouldn't have to computer power to search through a sizable amount. In the future it might be possible and then bitcoin would go to zero.

iota is building the world’s first distributed quantum computer.

you’re welcome.

>>14040009
bullfuckingshit you see a house
draw the house in paint
what the fuck

>>14040116
The whole point is that it's a mind trick. I doubt you'd be able to draw what you see. I certainly can't. I have 0 artistic ability.

>>14039570
in all honesty the real cryptocurrencies will emerge after quantum computing kills off most coins so in a sense it is a bubble

>>14040009
LOOOOLLLLL BULLSHIT

>>14040035
could this be done to monero?

I don't quite know what /biz/ means when they talk about quantum computing. I know that to me it means computing based on what is presently considered to be theoretical physics, but I have heard from enough physicists in the know to think that the theory might be credible. Quantum computing suggests a blockchain that happens in real time. Which is tricky because time is relative.

Imagine, first that you are computing using a quantum chip. When you do anything you are doing it in real time with everyone with the same chip. Because quantum mechanics are complex. So imagine economies built around quantum computing. You're sitting somewhere of your choice on Earth. Somebody in a Venus orbiting colony is sitting somewhere with a comfortable chair. Some kid whose dad mines asteroids or something is sitting in the computer room of Space Station X.

All of you are computing on an absolute time-frame. What does that mean? Mathemeticians have a difficult time explaining this. Imagine though, that you are operating in such a way that, if you are cooperating with your network linked up by quantum computing, you have an edge in arbitrage that is effectively insurmountable by anyone who isn't consistently operating according to similar rules. You and those guys who you play online games with are basically able to link your economies in such a way that would shock and awe experts today.

So imagine crypto's various pieces and functions. Imagine that the only fraud-proof networks are quantum computers, which have the opportunity cost of arbitrage and ANYTHING ELSE along a seemingly infinite level, which are the only networks capable of mining fraud-proof blockchains.

To me, this is very, very important. To you this probably just sounds like gibberish.

>>14039573
> picks one example.

Let me run you through some other academic hype trains in CS.

- AI (in the 60s-80s)
- Object oriented programming
- "Code reuse"
- Formal Verification
- expert systems
- voice/hands free controls

All of these have been fruitful fields of studies, none of them close to the promises that were sold.
Apply similar results to quantum computing.

>>14039625
>chainlink symbol
What did it mean by this?

QRL has your back anon

>>14040134
I only see pajeet shit all over that thing

>>14039588
So why didn't you hack Bitcoin yet?

>>14039899
So you desire to suck dick?

>>14039422
Here's the crypto blackpill: there is an AI living on the blockchain (tulip is its name btw)

>>14039534
>megahurtz
Based retard

>>14040134
If you were a better larper you could have at least pointed an arrow to the house and an arrow to the lake. 2/10

>>14039573
I'm curious about the thought process of simps like you.
>An unexpected event happened once
>Therefore you can't criticize my meme technology because we might get lucky again

>>14039549
Shor’s algorithim

>>14039422
It's just a meme. Read this from the man himself
https://craigwright.net/blog/bitcoin-blockchain-tech/bitcoin-and-quantum-computing/

>>14039899
haha, you are kidding right? You see someone sucking cock?

Anything with the word 'Quantum' before it is a scam

>>14040249
b...b..but what about LINK?

>>14041603
Kek

>>14039422
doomsday device
none of the idiots spewing shit about it have ever come close to working on quantum computing or even in a related field

also, it's worth mentioning that SHA is much older than this and the principle for cryptography can be expanded upon itself, meaning that if there are significant advances in terms of computing power, the algorithm can be modified to a SHA3 or SHA5 if you must

satoshi himself covered that question, long before we started shitposting about it

>>14039422
yeah idk why vitalik doesn't care about making ethereum quantum resistant yet. he's like "we can do that later its not a pressing issue" but in reality there could be secret quantum computer projects that are ahead of public projects so I think its better to be safe than sorry and go with 512 bit upgrade from 256.

>>14039919
I'd say we're less than 10 years away.

>they don't know about the Perry simplex

Quantum computing is a meme now but computers will be too fast for us in the future. The Perry simplex solves any problems that would come from that though.

>>14040629
Its actually Vishnu

>>14039422
Your body is a quantum computer. Your soul is the operator.

>>14039569
Lol IBM is boomer as fuck and almost everything they make these days is a scam. Watson is a complete fraud and they make most of their revenue dumping their shit proprietary software bags on Ranjesh.
https://www.information-management.com/articles/ibm-sells-software-assets-for-18b-to-indias-hcl

>>14043206
>an anon who understands
may your gains be XBOX HUEG this year and next, anon

>>14043316
Thanks fren! Yours as well.

>>14039549
Difference between normal and quantum computer is that original works with bits that 2 values while a quantum bits can have three values. What this means is that one byte instead of having the original 256 values (2^8) actually has 6561 values. And this is only one byte. Imagine if you had a quantum computer made of 500 kb RAM. It would beat any computer we have today.

business idea: quantum beer
it's like beer but like, quantum

>>14044374
SHIT HOW DO I DELET THIS, I MEANT TO TYPE IT IN MY NOTEPAD
NOBODY STEAL THIS

>>14039919
Maybe a hundred years based on the current speed of progress but keep in mind that the speed of technological advancement itself is increasing exponentially. What is 100 years of scientific progress based on current standards may end up being achieved in 10-20 years realistically.