Google's Quantum tech threatens Bitcoin

[bstoffParticipant 4863]

This article from Forbe’s, via Financial Times, was based upon a NASA article that has since been removed.

The implications of this could mean crypto-currency exchanges, and eventually, all military security, is vulnerable to Google overtaking every aspect of their systems.
I presume these entities are trying to take the steps necessary to prevent this, but it’s Google that has the tech, and there is no other known institution that can stop it.

If crypto-currency becomes vulnerable, and it may already be compromised, there is nowhere to hide your money.
Perhaps more importantly, there is not a chance of ever having privacy anywhere again without going to a cave.

This will give unlimited power to whoever has this new tech.

All hail Google!
Our new overlords.

[iMickey503Participant 12465]

Wait. I have to ask, HOW? Mind you have a Background on Data security. THey are not going to break the HASH, so what is going to allow them to take control of CRYPTO? That does not make sense..

Do you have any specifics? I’ll some digging, but this does not seem valid. If this was true, the Hackers would have already done this way before Alphabet.

Of course I found the ussal.
https://www.cnet.com/news/google-reportedly-attains-quantum-supremacy/

How> THe Bristlecone chip.

THere is also already a Quantum resistant block chain in the works.

Quantum resistant hashtag based signature tree like Extended Merkel signature scheme and a low power proof of stake algorithm is used for quantum resistant ledgers. Extended Merkel signature uses a one-time signature scheme. This scheme signs one message with one key. One Time Signature (OTS) key is used to sign two different messages so that an attacker could generate a valid signature for a third message you had never signed before. An attacker can generate a valid transaction which is never approved. One can use a different OTS key for each message.
A quantum secure signature scheme combined with a hash-based signature scheme with Naor Yung chaining secures a blockchain. Extended Naor Yung Signature scheme has algorithms for key generation, signing, and verification of blockchain transaction blocks. The entire chain is stored in the blockchain and look up for finding one with root public keys is easy. Hash chains suffer from the limitation related to having a finite number of links which when exhausted requires the system to be re-initialized. Conventional Hash chain needs to be replaced by Re-initializable Hash Chain. The re-initializable hash chain has the property that if its links are exhausted. It can be securely re-initialized in a non-repudiable manner to result in another hash chain. This process can be continued indefinitely to give rise to an infinite length hash chain. Thus an infinite number of finite length hash chains tied together.

You can read more about the The Quantum Resistant Ledger HERE!

Now as far as of today? I would not worry. Why?

Well, this was already thought off.

And there is something more that should be said: (From the article above-Moonwhale ventures)

There are a handful of quantum computers being developed by IBM, Google, and Intel in 2019. Before moving forward with development in the quantum space, the limitations of computer hardware have to be solved first. Furthermore, there are already existing encryption methods that would be quantum-resistant.

If there were a powerful enough quantum computer suddenly appear somewhere in the world, many cryptocurrencies already develop and deploy a mitigation mechanism. For example, by using only one-time addresses, the quantum computer can never even have a shot at cracking the encryption key of the user.

Still, the world’s most resilient technology may face its first serious technological challenge with IBM’s announcement of commercially ready quantum computing.

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[Sky-OParticipant 18933]

Google is Genisys. . .

Genisys is Skynet

[iMickey503Participant 12465]

Okay lets play a game.

You have 3 chances to guess the right answer.

Here is a Rainbow table of answers.

So say if you guess correct. Great!

So now you are in. Now? You have a problem. How are you going to cover your tracks? Like it or not? That’s still going to lead a trail of breadcrumbs. How are you going to mask your tracks? THat’s going to be kind of hard to do.

Now, say If I was google. I used all the Phones and computers in the world with my software to do a MASSIVE attack.

But there is ONLY one problem. Not EVERYONE is going to use GOogle software exploits if there ever was one.

Even so, could an entire network be compromised? Yes. But only for a short time. See, once the attack is done, that would mean you would have to clean up your tracks. That’s an issue.

There is another big problem. THere are crypto out there that do not use the same networks. Sure they use the same ISP’s but some go on different routes. Or their own routes outside of the ISP’s.

We all know what a MESH network is. But do you know how many networks are out there that are stand alone? Quite a few. Many have their own backhauls.

Those networks are going to be out of band. Any network out of band is going to secure the other ledgers.

THere is ALSO this problem of anyone doing so is not going to be a happy camper. Why? They just crashed the currency. How? It will be worthless if they break it and take the large sum of “money” from the system.

The whole reason why Bitcoin is even worth anything is it’s security and Portability. But without a physical outlet like an ATM or being able to trade with it online makes it worthless. Hack all you want, you can’t download my 57 chevy. Or take my property by a hack. Smith and Wesson does not give a s~~~ about your Quantum bits. 🙂

In fact, this has been tried before with the Banking Credit card system. Say if someone just randomly gets Visa or Mastercards authorization system duplicated. Its actually not all that hard to do. But once you do that? What are you going to do with that purchasing power? Sooner or later, its going to catch up to you.

Now matter how you stack it, its HUMANS that have the value. And their wants.

So do you know what the REAL threat is? Say with that quantum computing, I made an ARMY of good looking men and women. They are all just virtual machines pretty much, but most of what we do is online. That would mean intelligence is the ultimate currency. Add that to a Physical body? Say a completely synthetic but organic human? THen you have the recipe for the world success.

As I have said before, the greatest currency is Women that MEN WANT. You crack that code? You will be the richest man in the history of the world. Or women. I don’t judge.

What I am more excited about is that how this massive computing power is going to be used to create cheaper and faster storage mediums. And a REAL explosion to A.I.

Let me reminds you. Japan I think ran a simulation of the human brain.

That was at just 1% of the human brain. Now we can model one today, but to make it work? Dude.

In fact, the amount of memory a brain can hold is actually a lot more then was thought.

Now with that, if Scarecess is how we value things, then really, (or how rare something is or hard to come by ) and how much people want something, then you have argue, that the thing that is going to be most valuable by men are going to be women. And women can Provide you with all sorts of comforts. And its arguable that in the future, many of these problems that we have today are going to be solved by computers as people will trust them.

Once that happens, all the Bulls~~~ and much we have today that we argue about is going to vanish. Basically, answers are going to be the most valuable thing along with problem solving capability. So if you get the Virtual brain online, or persons, and say they tackle things like engierning that would come natural to them, Humans are going to be focused on more human things like emotions, acting and so forth.

See, perfection may be the creme dela creme’ of computing or technology, but its only valuable to humans if it helps humans or is valued by them in some way.

being that we as humans have emotional needs, this would be the place where we are going to grow. As more things get automated, there is going to be an explosion of people who are simply going to enjoy their lives in whatever decadence they can afford. At the end of the day, robots don’t really take paychecks, so the only things that are going to be in demand are going to be things like solid commodities like energy. Over time, that will be tackled as well.

See, the big thing here is, what is going to be a valuable way to transfer wealth? Well, that is always going to be some physical means. You may be able to buy the tickets to go see a show, but the show itself has value.

Things like Movie theaters are only going to be fun to do with people. So in the end, like it or not, it is going to be based on what you can produce and how new or original or how it differentiates from others.

The one currency we all have is time and danger. And that is why space work or space travel is going to be the high paying occupations in the future. Like it or not, we will have engineered synthetic humans that have a longer lifetime. But the wants of the old fashion ones are not going to decline anytime soon.

The only people that are really going to miss out are women. In fact, the entire system that we have now is just simply based on their wants and needs with a balance act for mens wants. If mens wants are taken care of by a Synthetic woman, well.. THat kind of leaves women to purchase their own men. That’s a problem you see. SHe has to make the initial purchase. Even if she does, there is no money in it for her to Purchase her family. Or Purchase a robot humanoid. I’m sure robots are not going to deal too long with being someone else’s cuck. Or deal with a woman that treats them like s~~~ for too long.

Overtime, the power of quantum computing is going to solve all these problems as well. Even if a woman got ALL she ever wanted from a robot man humanoid? Her ass would NEVER be happy. However? A man? Yea, that’s not going to work the same way. Like it or not, men love to work. THey like to be useful, and they like to invest for the long haul. And to him, I don’t think he is going to care if a woman is made the old home grown way, or is the new model. Only thing he will notice is that the man that got his own has a much MUCH better life.

Overtime, the only real things of value are going to be things like Mining and so forth. Much of that wealth from that is going to be paid in absences of having time for yourself. So occupations that do so are going to pay well. So the long work hours and days are going to be worth some time in fields that robots just don’t do well or don’t make sense.

At some point, knowledge and creativity may just be taken over. But there will always be human wants and needs. At that point the only thing left is human mortality. THat would be the Singularity. But as people go digital, there really is not much need anymore for the physical. At that point on, humans as we know ourselves are pretty much useless. Unless some kind of virise, or something takes hold with the virtual world that needs regular old human stock to take care of the issue.

At some point, when humans go to the stars, or learn or rather have computers find a way to make travel for long distance and times in space possible, and meeting new worlds of alien life being the next big thing, that’s pretty much going to negate currency.

One day we will have things like Transporters, or at the very least, 3d printing of items we want. So much of the stuff that we need will be made on the fly. Further more when we have replication tech, that kind of does away with scarcity of items. At that point only raw materials are going to be of value.

As time goes by, you will see more people move to places like underwater, deep within earth etc. But the only real prime places are going to be places that people want to live. Say at the beach for example. But people still like to go live in the snow places or etc. SO travel is going to be big.

So really, until human have replacements, I don’t see Bitcoin or any other crypto or currency being left in the dust.

As long as their is threat of a problem, there is going to be advances that merit wealth creation and want and its distribution.

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[bstoffParticipant 4863]

I had hoped there would be some plan for this eventuality.
I don’t know about this tech, so it seemed pretty spooky to think of.

I will read up on the Hackernoon article later today when I get a chance.
It looks really interesting.

Thanks for all the data iMickey503

[Gravel PitParticipant]

Cardano is being made quantum proof. Cardano will be around 50 years from now.

If quantum hacking can steal Bitcoin (science fantasy at this point but who knows about the future) then quantum hacking can get ANYWHERE, especially your normal bank account and anything connected to an internet router…

So crypto is FINE. Because if crypto goes, that means everything else already went…

As it stands now, Crypto is actually the most secure… How often are peoples bank accounts hacked by Identity Theft?! There is now a massive billion dollar industry aimed at just that, Security. Security that “LaughLock” cant even guarantee, and they say so in their flippin advertisement!

I respect the guys who buy Gold and Silver etc… Because I think Crypto and Precious Metals ARE BOTH going to explode in value once IT happens again.

The only questions is WHEN will IT happen. Lately, we’ve been saying that it could be a slow attrition…a gradual decension in to a Neo Great Depression. Personally, I think IT will be kicked off the edge by a single event that will create a domino effect. Auto Loan Industry Collapse. War with Iran. Chinese Trade Trouble worsening… Its unpredictable.

But IT IS going to happen because there is no more Cushion left. Everything is exhausted and the fiscal tolerance is gone. Anymore weight added to the system in a major way is going to rip out the bottom and then IT will all start.

HODL

[SpiderHerderParticipant 3753]

I’ll go hunter-gatherer and leave all this sheite behind.

[bstoffParticipant 4863]

I was considering putting money into either crypto or precious metals that I hold.
I still feel better about gold or silver in hand over crypto, but mostly because I don’t know enough about it’s security.

More reading and studying is required, but some of the stuff I’ve seen posted here is helpful and encouraging.

I feel much safer with either of these over traditional banking and stocks.

I think this is probably one of the safer and more reliable forums to discuss this, when compared to open forums.

[Gravel PitParticipant]

Crypto seems to be a 4 year hold before youre not sweating your ass off worried about it tanking on the charts or paying dumbass fees to get it back into USD.

In many ways, crypto is one giant short against the dollar. Isnt that the whole point? Its not just betting against the dollar, its restructuring the way currency is supposed to work.

I say this because, once you buy some Bitcoin or Cardano or whatever… there is really no point in trying to get that money back. The whole point of buying it, is because you think the value will grow against the fiat currency, maybe tomorrow or maybe 10 years from now.

As far as security, Crypto is bullet proof and safer than any bank, especially if you have it off the exchange. Granted, you need to keep your keys and passwords, which are probably on paper somewhere, totally secure.

The only time Bitcoin (crypto) was ever stolen was when they got the passwords or keys, there is no other way. Or when a Market Exchange’s security was bypassed (hence dont leave your stuff on the exchange…)

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