Post
Topic
Board Economics
Re: The Latest Crypto Price Dip Is Fueled By Fake News Relating to Quantum Computers
by
Hydrogen
on 25/09/2019, 04:44:18 UTC
Hello Hydrogen, i don't think google's quantum computer is behind this price drop. I know it looks like a panic move but if quantum computer break bitcoin we can recover it with an update and a hardfork.


If bitcoin's encryption is broken, it could take years before its fixed. If it is ever fixed. Encryption being broken in crypto currencies is a doomsday scenario. The only true fix to true quantum computers could be quantum level miners utilizing quantum level encryption.

I agree with notions that quantum computers will never become a reality. There is only so much functionality that can be built into silicon or chips made with other materials. Whether limited by voltage, clock frequency or data density. I think there are hard physical and theoretical limits which could prevent quantum computers from reaching the standards their marketing brochures claim are possible.

#1 Google did not say anything like that in the second part of your phrase.

#2 No fake news and speculation. And nowhere in the crypto-forums this news was presented so much, but to those singles asked about effect on crypto, they clearly explained that this was not connected with crypto. At least not in the coming years. I did not see any significant interest in this news. Talked a bit and forgot.

#3 And this has nothing to do with the fall.


#1  Encryption functions on the basis it would take too long to brute force. Google's claim they can solve problems in "200 seconds" that would normally take "10,000 years" directly implies they are poised to break the encryption standards that technologies like bitcoin are built upon.

#2  Where was it "explained" that this news is "not connected" with crypto?

#3  "This has nothing to do with the fall." Based on what? I have seen nothing credible to suggest otherwise.