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Strategies & Market Trends : Speculating in Takeover Targets
CTG 10.330.0%Sep 29 4:00 PM EDT
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To: richardred who wrote (5561)9/29/2019 12:14:22 PM
From: E_K_S1 Recommendation

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richardred

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This came out last week and to me Google's reach (especially in China) is a bigger threat.

Google’s Quantum Computing Breakthrough Brings Blockchain Resistance Into the Spotlight Again

This week, news has emerged that Google has made a recent quantum computing breakthrough, achieving quantum supremacy. It is being reported that Google, using a quantum computer, managed to perform a calculation in just over three minutes that would take the world's most powerful supercomputer 10,000 years.

According to Gizmodo, it has been long known that Google has been testing a 72-qubit device called Bristlecone with which it hoped to achieve quantum supremacy and the initial report from the Financial Times says that the supremacy experiment was instead performed with a 53-qubit processor codenamed Sycamore.
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The speculation/rumor is that China is working on (maybe as a partner w/ Google) such a quantum computer w/ the intension to surpass 50% ownership of all cyrpto currency (ie Bitcoin). The talk is it would be first in mining, then in the distributed processing of blockchains. This may/could lead to control/monopoly on the Crypto currency market.

An interesting theory but still decades out. Such a computer could make many/all of the privacy passwords/codes obsolete.

EKS

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