Post
Topic
Board Bitcoin Discussion
Re: Is Elon Musk developing a quantum computer?
by
Buff Mage
on 10/01/2020, 17:46:51 UTC
Founder, CEO, Lead Designer of SpaceX
CEO, Product Architect of Tesla, Inc.
Co-founder of Neuralink
Founder of The Boring Company
Co-founder of Zip2
Founder of X.com (now PayPal)
Co-founder of OpenAI
Chairman of SolarCity

Why not
Chairman of Mega Qubit Quantum

Is he developing a quantum computer?

Well does that make a difference. ?
...

The difference is: who will have the first quantum computer with enough qubits?

Quantum computing boost for IBM but Bitcoin stays safe https://decrypt.co/16211/quantum-computing-boost-for-ibm-but-bitcoin-stays-safe
IBM has doubled the power of its quantum computer but Bitcoin's encryption is still far from being broken.
"IBM has doubled the power of its quantum computer. At yesterday's CES 2020 conference, the company announced it had successfully achieved a Quantum Volume of 32 using its 28-qubit quantum computer known as Raleigh."
"As a network built entirely around cryptographically secured transactions, it stands to reason that a sufficiently powerful quantum computer could eventually crack the encryption used to generate Bitcoin private keys. However, according to a June 2017 paper by Martin Roetteler and several co-authors, such as a machine would need to command approximately 2,500 qubits of processing power to break the 256-bit encryption used by Bitcoin."