Quantum computing

So, um, the quantum era.

Uh, the US is investing in quantum computing, and we're gonna kind of, you know, break this down a little bit, but this is interesting what Trump said about it, and also bringing up his uncle, which has been...

His uncle has been at the heart of numerous conspiracy theories surrounding Nikola Tesla, because it was his uncle that got access to Tesla's vault after Tesla passed away, allegedly.

But then there's other theories out there that claim Tesla still lived on after that and whatever.

High-performance computing, basically Moore's law in semiconductor manufacturing.

It's artificial intelligence that everyone's seeing and hearing about that's supercharging it.

The third leg of that computing stool is gonna be scientifically relevant quantum computing.

This is tricky.

Like you said, Jeremy, nothing essentially is changing the entire whole, but they're just swapping out and manipulating the maturities, maybe in a sense of debts.

all right next question comes from go why meets world okay uh is quantum computing a threat to crypto uh

i think so i think it's a threat to the whole system like in my opinion if they're gonna go after crypto they're gonna go after your bank account that's my what do you guys think

I think it's a narrative.

I just think that uh when like um i can't think of his name is nick something he was the big one that sounded the alarm with bitcoin about how they're not prepared and a lot of the other developers or the og developers came out and said look we agree with what nick said but like i feel like he's still kind of early like we're it's not like we're not doing anything we're doing something but it's going to just take more time for them to figure out what the solve is going to be this is my two cents

Yeah, I don't think that it's going to hurt threat to crypto, but...

I don't even know what the hell quantum computing is.

Like, I don't even know if we can conceptualize.

And so I think the logical response to not getting clarity is to just get it via SEC rulemaking on the elements that you can.

Also, this week there was a, at least if not a development in quantum computing, an announcement of one.

So IONQ, which is one of the market leaders in quantum computing, they said they are only two years away from manufacturing the hardware necessary to crack Bitcoin's cryptography, elliptic curves.

They have been known to make aggressive announcements, so this isn't necessarily a hard timeline.

It's one that we should be paying

But as fast as these builders are solving problems, new threats are emerging just as quickly.

We have a new research report in our stack showing that computer scientists have actually cut the estimated resources needed to execute a quantum computing attack on Bitcoin and Ethereum by more than half.

Yeah, that is a startling revision to the timeline of cryptographic security.

And to truly grasp the scale of this threat, we need to move past the idea that a quantum computer is just a, you know, a faster normal computer.

We looked at the mechanics of why Ethereum is outperforming Bitcoin right now and the psychological relief driving traders to abandon the sturdy ship for the riskier dinghies ahead of a massive Fed meeting.

We unpacked the architectural clash of the 630-page Clarity Act, the dismal 21% odds of it passing, and the purely optical political baggage weighing down the legitimate builders in the space.

We also explored how dynamic fees are acting like surge pricing to protect DeFi liquidity providers and why quantum computing is a benchmark to beat, not a reason to panic.

And finally, we looked at the incredible anti-fragile survival record of a network that has been pronounced dead 475 times.

It's great that folks are doing this and they're upgrading the cryptography that can guard crypto wallets.

As here, the report is the U.S. Commerce Department on Tuesday finalized a Chips Act award worth up to $100 million each for Regetti, D-Wave and Quantinum, while taking minority stakes in the three quantum computing companies.

so the money is aimed at scaling hardware manufacturing and error correction systems needed for larger fault tolerant machines so guys this is what we want to see we need to continue to monitor this monitor this and the blockchains that you're invested in you need to make sure that they have a quantum strategy so something to keep in mind folks that's the news let me know what you think leave your thoughts and comments below hit the thumbs up button subscribe if you haven't as yet Be sure to support the podcast by subscribing to my free email newsletter.

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Then we're entering a new world, essentially, where we have almost these new kinds of self-persisting life forms that once they're out are hard to pull back in.

Let's pivot for just a second because AI is also leading us to a point where we're going to achieve quantum computing if you believe the Q day is imminent.

You know, I do wonder if society is ready for this because I don't think that, and please, I'd like to hear your thoughts on this, but I think things that are that potentially positive and also could devastate every system that operates on a blockchain, and there are a lot of them that do.

It's not just cryptocurrency.