I would be quite worried about advances in quantum computers if I had any Bitcoin after watching this DEFCON talk: https://www.youtube.com/watch?v=OkVYJx1iLNs
The quantum algorithm that would break certain kinds of public key cryptography schemes (not even the core part of Bitcoin blockchains, which are not vulnerable to quantum computers) will take days to weeks to break a single key [0]. This is another reason why we will have plenty of warning before quantum computing causes any major disruptions to daily life. What I would start worrying about is the security of things…
Willow quantum chip demonstrates verifiable quantum advantage on hardware
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Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#212Earlier quoted context omitted.
Quantum is a known threat. There is enough time to fix it. Folks are working on the fixes. Cryptocurrencies would be the last thing I worry about w.r.t Quantum crypto attacks. Everything would be broken. Think banks, brokerage accounts, email, text messages - everything.
I think that’s backwards: most of the stuff you mentioned is using TLS and can switch to post-quantum algorithms with a config change, and do so incrementally with no user-visible impact - e.g. right now I’m already using PQC for many sites and about half of the traffic Cloudflare sees is using PQC: https://radar.cloudflare.com/adoption-and-usage In contrast, cryptocurrencies have to upgrade the entire network all at…
Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#213Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#214Earlier quoted context omitted.
Think twice. Everyone who hosts the blockchain would decide to stop because he invested in crypto, at least with some hardware costs. Beside of the small group of people that owns a quantum computer. I don't expect that this group is >50% of the people that hosts the blockchain.
You don't need >50% of bad actors to compromise the blockchain, but rather >50% of the total hashing power. This could very well be achievable by a small group of people with QC at some point.
Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#215This SHOULD be the main application of the tech. It’s hard to tell if it is because authors can’t do science communication, they can apparently only do sales.
Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#216On its face this suggests that the result is not deterministic except perhaps on the same Willow chip at the same temperature.
Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#217I would be quite worried about advances in quantum computers if I had any Bitcoin after watching this DEFCON talk: https://www.youtube.com/watch?v=OkVYJx1iLNs
Quantum is a known threat. There is enough time to fix it. Folks are working on the fixes. Cryptocurrencies would be the last thing I worry about w.r.t Quantum crypto attacks. Everything would be broken. Think banks, brokerage accounts, email, text messages - everything.
Anyways I am against stopping evolution on those grounds. What we need to do is learn and fix as you say. Not regulation and forbid. :)
Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#218I would be quite worried about advances in quantum computers if I had any Bitcoin after watching this DEFCON talk: https://www.youtube.com/watch?v=OkVYJx1iLNs
Quantum is a known threat. There is enough time to fix it. Folks are working on the fixes. Cryptocurrencies would be the last thing I worry about w.r.t Quantum crypto attacks. Everything would be broken. Think banks, brokerage accounts, email, text messages - everything.
Wonder if this would become the next "nuclear proliferation".
Since it's so hard to manufacture it gets controlled at state level and then becomes a technology that the general public are never allowed to have.
Re: Willow quantum chip demonstrates verifiable quantum advantage on hardware
#219>acknowledge [that] Hamiltonian learning of an actual physical system has not been performed [and] have therefore further de-emphasized the quantum advantage claim in the revised manuscript
https://static-content.springer.com/esm/art%3A10.1038%2Fs415...