Is Quantum Computing and Ai Existential Threat to Blockchain and CryptoCurrencies?
Is Quantum Computing an Existential Threat to Blockchain and CryptoCurrencies?
"Cryptography is a commonly debated topic because quantum computing poses a threat to traditional forms of computer security, most notably public key cryptography, which undergirds most online communications and most current blockchain technology." Quote from Nathan Sharma @ https://lnkd.in/e-9npHN
On watch -
*First Quantum-Secured Blockchain Technology Tested in Moscow.. 2015 Source MIT - https://lnkd.in/eB2Ct2N
China sends the first ever Quantum Satellite-- 2015-2016 https://lnkd.in/eU6985a
Nov 2017 - IBM annouces a 50-Qubit Quantum computer for potential commercialization.
Sept 2017 - Google quantum Computer test show breakthrough-RE: https://lnkd.in/epmBhc8
The race is on - Cyber wars or a breakthrough with Ai and Quantum computing that could change the world?
So I dont know if you have heard of IOTA coin, whose underlying technology is something called TANGLE (instead of traditional blockchain) which is a DAG (directed acyclic graph). IOTA claims to be Quantum proof. May be you can see it too.
Remeber if man can build it Man can HACK IT !
Yah, The tangle is pretty crazy, I've been watching it pretty closely here.... I'm thinking of investing... But it's got other issues...
Yes I have IOTA currency on my radar too... interesting didnt know about the quantum..part. Will write case study cor trading this...thanks for the input guys.
the quantum part is half bullshit. even the quantum computer companies don't really know where the technology is leading. For the most part, you can view quantum computing as using the universe itself as a processor... THe universe runs at a base frequency that they think they kind of understand, but they don't yet really. Depending on the type of quantum computing we end up with, noone can say their stuff is quantum proof :P But then again, I do need to research this quantum proof claim more... I don't know all too much about it and what they are claiming... But the tangle is interesting as I said... But I believe they have a centralization problem if I;m not mistaken. as in, they aren't really decentralized which is somehting I'm big on with this tech. Anything premined or not fully decentralized raises red flags for me. correct me if I'm wrong on that though as there is so much info out there it is hard to keep track of it all! :P But I like that they are focusing on the internet of things, that is somewhat where my gaze is as well :) Except I don't want to mindlessly use peoples CPU power to crunch hashes. I would like to spread that love around to BOINC projects and AI containment protocols as well. You know, useful stuff :P Hashing isn't necessarily useful or productive beyond making it harder to hash and somewhat more secure...
you should follow me and check out my project at http://nanocheeze.com
We are developing a multi chain block chain and a virtual quantum firewall in essence to hopefully protect us from this nonsense :)
We are trying to be the other side of the fence. The side that is looking at the defensive and protect us from this tech, not the race to be the first stuff that everyone seems to be doing in regards to development right now....
Quantum can be used for good or for the real bad --- we should all be scared!
Trust me, I play it cool, but I'm terrified! I admit, In some ways in the back of my mind I am almost convinced that movies like The Terminator are not real, but were injected into society by AI through quantum physics and retrocausality... As much as my rational side knows that's not possible or true... The technology itself makes me question that rational side of myself... :P Maybe the world ain't so rational afterall?...
watch this :P
Wow love your site--- are you seeking investors?
yup, for sure. it is the one and only thing besides my own habit of being disordered that is holding the project in slow motion atm... But I've got people joining the team as we speak and we are trying to push an early release of the base coin of the multichain coin system... You have no idea how mad I am that I didn't have the cash to invest in the coins that I have been telling everyone to invest in all year. I knew ethereum and litecoin were going to take off just like I knew bitcoin was going to take off. unfortunately my father's death in 2008 and the auctioning off of my family farm really set me back financially as far as being able to do this stuff on my own.... /bookover lol But I've been trying to launch this since 2009, I didn't get "noticed" finally until late 2016 by the NVIDIA Inception program so... Things have been looking up a bit since then :) At the very least I'll be launching yet another altcoin, and you can see where at best is leading :P
Nano- Very interesting you calling it AiQuantum coin ICO ? either way keep me posted...curious my contact info is https://capernaum.ca
renting Quantum computer for mining Etherium in 2017? QASM is here and it's API
Not sure if this real -