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China and US rapidly developing quantum computers, yet Bitcoin is still $90k

5 points by r33b33 2y ago

Make it make sense. Wouldn't the smartest thing to do right now is selling crypto, buying stock indices, gold at worse and real estate at best? At least you have your physical land deed with that.

readyplayernull 2y ago
Knowledge is power, networked computers are rockets of the mind.
deleted 2y ago
[deleted]
breckenedge 2y ago
What, you think they’ll crack encryption soon? Crypto is a very liquid asset. And there is no way to move your real estate across borders.
- r33b33 2y ago
  Yes, they will crack encryption soon.
rini17 2y ago
You believe they really have hundreds of usable (error-corrected) qubits, or will have in few years? IMO there is no reason to think such stuff exists, even if it were state secret there would be leaks. Because the research effort is massive.
- r33b33 2y ago
  Yes, they will in a few years. Extrapolating AI accelerating developments that will help them achieve this. Either US or China, but it will happen.
  - rini17 2y ago
    If AI can achieve huge advancements like that in few years, then it can also disrupt everything else. Including any investment strategy you can come up with, no matter how smart.
    - r33b33 2y ago
      What if I use AI for my investment strategy?
      - rini17 2y ago
        Sure please do tell us :)
        r33b33 2y ago
        Bitcoin finally falling, because normies realized quantum technologies will crack it. Nice. It's only downhill from here. But gold and real estate in geopolitically safe areas.
        rini17 2y ago
        Yes, let's make long term investment decisions from today's flashes in the pan!
verdverm 2y ago
Bitcoin price is based on vibes, not anything in the real world. It only holds value based on how popular it is
- npoc 2y ago
  > It only holds value based on how popular it is Popularity covers the demand side. For the supply, it's perfectly scarce. In a world of fiat currencies effortlessly printed out of thin air, a liquid, divisible digital asset with perfect scarcity is going to be quite popular.
GoldenMonkey 2y ago
We are nowhere near quantum breaking cryptography or anything related to crypto. https://www.cnbc.com/2025/01/08/nvidia-ceo-jensen-huang-is-dead-wrong-about-quantum-d-wave-ceo.html https://www.cnbc.com/2025/01/08/nvidia-ceo-jensen-huang-is-d... And google's recent hyped break thru of 100 qubits. Needs to scale to 1m qubits to do this.

5 points by r33b33 2y ago

Make it make sense. Wouldn't the smartest thing to do right now is selling crypto, buying stock indices, gold at worse and real estate at best? At least you have your physical land deed with that.

readyplayernull 2y ago

Knowledge is power, networked computers are rockets of the mind.

deleted 2y ago

[deleted]

breckenedge 2y ago

What, you think they’ll crack encryption soon? Crypto is a very liquid asset. And there is no way to move your real estate across borders.

r33b33 2y ago
Yes, they will crack encryption soon.

rini17 2y ago

You believe they really have hundreds of usable (error-corrected) qubits, or will have in few years? IMO there is no reason to think such stuff exists, even if it were state secret there would be leaks. Because the research effort is massive.

r33b33 2y ago
Yes, they will in a few years. Extrapolating AI accelerating developments that will help them achieve this. Either US or China, but it will happen.
- rini17 2y ago
  If AI can achieve huge advancements like that in few years, then it can also disrupt everything else. Including any investment strategy you can come up with, no matter how smart.
  - r33b33 2y ago
    What if I use AI for my investment strategy?
    - rini17 2y ago
      Sure please do tell us :)
      - r33b33 2y ago
        Bitcoin finally falling, because normies realized quantum technologies will crack it. Nice. It's only downhill from here. But gold and real estate in geopolitically safe areas.
        rini17 2y ago
        Yes, let's make long term investment decisions from today's flashes in the pan!

verdverm 2y ago

Bitcoin price is based on vibes, not anything in the real world. It only holds value based on how popular it is

npoc 2y ago
> It only holds value based on how popular it is Popularity covers the demand side. For the supply, it's perfectly scarce. In a world of fiat currencies effortlessly printed out of thin air, a liquid, divisible digital asset with perfect scarcity is going to be quite popular.

GoldenMonkey 2y ago

We are nowhere near quantum breaking cryptography or anything related to crypto. https://www.cnbc.com/2025/01/08/nvidia-ceo-jensen-huang-is-dead-wrong-about-quantum-d-wave-ceo.html https://www.cnbc.com/2025/01/08/nvidia-ceo-jensen-huang-is-d... And google's recent hyped break thru of 100 qubits. Needs to scale to 1m qubits to do this.