23/12/2024
What market players need to understand is that serious progress is being made in advancing the development of quantum computing. It's already happening.
Also, there is a major difference between logical, digital driven, super computers which can make super fast - Yes vs No decisions. Quantum Computers should be considered more as probability machines, using human traits such as intuition to derive their answers. What does this mean in practice terms? Quantum computers can solve cryptology problems better than any super computers. So even the best encryption programs will have no chance against a specifically designed quantum computer, with a specific mission.
The bitcoin and crypto community better be getting ready for this... NOW!
From the article:
"What you’ve got here is a time bomb waiting to explode, if and when someone gets that ability to develop quantum-computer hacking and decides to use that to target cryptocurrencies,” said Arthur Herman, senior fellow at the Hudson Institute, a think tank based in Washington, D.C."
"A 2022 Hudson Institute study estimated that a quantum hack of bitcoin would cause more than $3 trillion in losses across crypto and other markets and trigger a deep recession. Herman said the likely costs of a quantum hack have swelled since the study came out, as bitcoin has climbed to near $100,000 and grown into an increasingly mainstream investment asset."
Researchers warn a quantum-computing attack on cryptocurrency would cause trillions in losses
