How Google's Quantum Computer Is Bad for Crypto

How Google's Quantum Computer Is Bad for Crypto

The American stand-up turned podcaster, Joe Rogan has briefly touched on cryptocurrency and the potential of a so-called “quantum supremacy” in his latest podcast with the comedian Roseanne Barr. Barr encouraged the small discussion of cryptocurrency when she predicted the future economy will be cashless:

“There’s not going to be any more money. I just don’t think there’s going to be any more money.”

This got Rogan’s attention as he went onto ask the comedian if she had heard of quantum computing. Then he summarised the potential threat it poses to cryptocurrencies like Bitcoin.

“This Google quantum computing thing– they think it’s a huge threat to cryptocurrency. I’m too stupid to understand whether or not they’re right. But what they’re trying to say is there would be no way to encode or encrypt this information that would keep it from this insane computing power they’re developing.”

But according to Barr, there is a way around it… 

Responding with much confidence, she said that there are countermeasures to quantum computing. 

“I’m on the autism spectrum. And a lot of us autistic people, we just started talking to each other on the Internet quite a while ago. About like hey, let’s try to envision solutions to every day problems that actually people face, and that threaten them, and see what we can come up with. And there’s whole websites about it.”

A Google paper in regards to its quantum computing abilities was briefly posted to a NASA website earlier in the week however, it was taken down for further review before the final publication.

What worries the crypto space is that this Google Quantum System is rumoured to be able to perform a computational task in 200 seconds that would take 10,000 years for a state-of-the-art supercomputer…

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