Some were mentioning that the cryptos are a good pressure release valve for inflation. Instead of fiat dollars chasing goods, services, land etc. and driving up prices, it flows into fake money cloud.
Really, money go to miners and traiders who obviously spend them for goods, services, land, etc.
The trick is that the network is highly distributed, so there are no any large entity that could collect and hold most of fiat.
Even if initial goal of crypto was malicious, it quickly run out of control. Now you could see only meaningless attempts to regulate all that madness by laws, prohibition and other stuff. They even began to use crypto for money laundering using ransomware hoax as excuse. That is the only profit they finally got. And TPTB themselves got nothing, really, They don't need money laundering, because they print the money, so they can't even use it for something useful for them. And they can't switch off internet, since it is their main propaganda device now. Also interesting that none of cryptocurrencies created by financial entities gain any popularity. It is clearly out of control. And that's good. This proof-of-concept showed amasing results even with all flaws and problems. Now we could study all mistakes of first cryptocurrencies and create something much more useable, versatile and flawless.
Meanwhile, cryptocurrency system could be not only a mean of exchange, but also a mean of information exchange - messenger, social network, file storage, anything. If you combine all that in one thing, you will get an self-sustainable undestructible system that is completely free of any government or corporation control where every participant get some real profit for keeping system running. Next generation of crypto with high probability will be based on proof-of-networking, unlike modern systems based on proof-of-work or proof-of-storage. That will solve most problems with current generation of crypto and it will be much more useable as a replacement of ordinary currency.
I think a really good summary of how the rest will occur is: “incentivizing people to trade cash for equities through global stock market manipulation”
In the future a blockchain based currency might work for some, but as a one size fits all solution it falls down. It’s dependent on power, network connection, and people using it. The Amish, mennonites and hudderites are successful in North America and aren’t going away anytime soon. They don’t use this stuff but gladly take cash or will trade with you if your goods are worth it. Bartering is older than cash and will outlive it. You have chickens, I have wine. I can trade my wine for some of your chickens. I need a truck frame powdercoated, I can take a few bottles of wine and $50 to the nearby colony and get it done. On a global scale, it’s not as pleasant but trading a ship load of grain for a ship load of oil happens, the numbers on the screen honestly don’t matter. You’re not counting out bills anymore for large purchases, it’s just numbers on the spreadsheet saying it’s good to go. For small communities, cash works great and bartering can work even better.
Crypto currency is a first world problem, solving it is a headache most don’t want to undertake. A supposedly secure system that you went to great lengths to explain why it’s not, developed and introduced by a hidden mystery figure, the “benefit” of a set number of coins only to have tons of shit coins and “satoshis” come later meaning it’s not truly limited, just for now it’s limited.
Too many downsides and mysteries for me to sink my money into. Those who got rich, congrats. But it feels very tuplip-y to some of us.
I think Cryptocurrency in general is just insanity. I talked to some NPCs before and the consensus seems to be it's just schizoid madness where none of that shit was actually valuable.
It seems like something will crash it sooner or later and then all the coin miners will find themselves placed into a honeypot -- that's exactly what can be re-create the conditions of Nazi Germany stepping in.
The difference is that crypto currencies are in a sense finite. Most of them don't allow their Fed equivalent to just print off as much as they want whenever they feel like it.
Blockchains are not quantum secure. They can be unzipped by quantum computers that have a sufficiently high enough qbit processor;
We don't know if NSA has a sufficiently high Qbit processor Quantum computer but the commercial quantum computers are already 3/4 of the way there, so they probably DO.
Should NSA have a high enough quantum computer, they could unzip entire blockchains nearly instantly. If they don't have sufficent qbits, they could unzip wallets one by one, instantly. Their current linear computer facilities can unzip a wallet in a week to a month (or faster), but quantum is instant.
Quantum Computers don't exist, they're science fiction. Everything you see and hear about them today is nothing more than a scam to get people to invest in it. They haven't made any meaningful progress towards it in decades. Also, if you study the mechanics behind it, you'll see that it's likely not even possible. Our world would have to have a very different working to it than we we know in order for any of this to exist.
Even if QC did exist, all the algorithms they're proposing to run on these magical devices would be able to break the algorithms currently used for asymmetric cryptography, but not symmetric cryptography. Block chains are built upon symmetric cryptography, and therefore would not just be magically broken by a hypothetical QC.
Exactly. For 2021 the best achievement in over 20 years of quantum computing in breaking cryptograpthy is .... be ready .... integer factorization of the number 21 into primes 7 and 3.
That is all that was done in crypto breaking sphere for that billions invested into quantum computing.
I suppose that working Alcubierre drive will be built much sooner than quantum computer will be really able to break some outdated cryptography algorithm that is now considered obsolete.
Exactly. For 2021 the best achievement in over 20 years of quantum computing in breaking cryptograpthy is .... be ready .... integer factorization of the number 21 into primes 7 and 3.
They cannot even do that. It's all smoke and mirrors with QC.
Every so called quantum "computer" they've created isn't capable of actually computing anything. What they have done is essentially build in a table of primes up to 21, and can then verify according to the pre-built table that 21 does indeed consist of 7 and 3.
All they're doing is cheating on a test, and they cannot even get that to anywhere meaningful. They would need a Manhattan project kind of effort to even get it capable of actually being able to compute the factor of a small number, and even with that kind of effort, I'm not convinced it's possible to pull off.
I didn't dig deeper on that meaningless "result". So they failed even with a proof-of-concept. :)
As for large systems, AFAIK, there comes up another problem with decoherence along with the scale up. More qubits, more decoherence and nobody knows how to avoid it.
Really, it is fascinating to observe how all that total crap with quantum computing, artificial intelligence, etc. not only used for enormous money laundering, but also successfully used in fearmongering. Seems that even here only few really do their own research to find out the real state of affairs with that marketing bullshit.
Day to day it's harder and harder to keep the faith in humanity.
As you said, it's so important to research things than to take "common knowledge" about recent developments as accurate.
If you really want to lose faith, study all the crazy experiments that have been conducted in quantum mechanics, and you'll see no one can answer some basic questions about the entire concept. No one understands what's going on, and the so called "conclusions" of various experiments are just wild far-fetched guesses that sound nice on paper. Everyone is also afraid to ask the big questions behind the meaning of all the tests that have been conducted.
How is entanglement even possible? What does it mean about our reality if particles appear to share properties?
Why does every test conducted with "gates" result in confirmation? Is it possible to even achieve a negative result?
When multiple outcomes are possible, why are the ratios so perfect? How does this relate to the above question?
Are our experiments somehow flawed?
Are the particles aware they're being tested and necessarily react differently then they would if no one was looking?
Quantum theory is not complete, it could explain some effects, like changing energy levels of atom electrons and perfectly allow to calculate and create a lot of things from lasers and semiconductors to fluorescent paints but it does not explain a lot of things. Possible theory enhancements cross the road of relativity which is an absolute dogma for Einstein praisers.
So, most answers for interesting questions could not be given until relativity will be thrown away.
Really, the coolest thing connected with quantum physics I found is Gunter Nimtz FTL experiments, that was reproduced by other researchers and completely silenced for a long time. https://en.wikipedia.org/wiki/G%C3%BCnter_Nimtz He made a very simple experiment, that undeniably show that radiowaves carrying information could travel 4.7 times faster than light. Further experiments by other researchers shown that quantum tunnelling of radiowave photons seem to occur in zero time. That completely throw out special relativity theory with all its garbage about impossibility of FTL.
Obvilously no any predicted by special relativity time paradoxes, like casuality violation occur, and some most active Einstein shills even used that fact as a "proof" that there was no FTL.
And you will hear absolutely nothing about that bombshell.
I think you hear nothing about it because people have offered other explanations. I have seen a paper on causality violation, that it can happen according to some test conducted where photons are reacting to something that hasn't happened yet. There's other explanations also.
Indeed, all this stuff about quantum everything is interesting, but nobody is really asking the big questions and trying to answer them. Our knowledge in the field is incredibly primitive, yet some people think we'll have machines that can do quantum computing any day now, when no one even knows how to engineer anything in that regard.
I think you hear nothing about it because people have offered other explanations.
There are no any other explanations, only FTL one and weak attempts of opponents to misinform others about experiment details. The latter ones is futile, because experiment was reproduced by independent researchers with results even worse for relativists.
I have seen a paper on causality violation, that it can happen according to some test conducted where photons are reacting to something that hasn't happened yet.
Please share a link or doi if you have it, I like that fringe things a lot.
Our knowledge in the field is incredibly primitive
Our knowledge on quantum physics could be completely worng, like in a case with a theory of flogiston, that was completely wrong, but allowed to do a complex thermodynamic calculations that was perfectly accurate.
As for quantum computers, I could imagine some usage in cases where you have to deal with probabilities, since all quantum physics is about probabilities, but that niche in no case interfere with anything that advertised about quantum computing in MSM.
This is some mix of truth, guesses, misunderstanding and propaganda.
You really don't need to guess, if you have source code. Just look at it, and that's all.
Destroy CASH forever
Cryptocurrency is closest thing to the cash you could think out in digital realm. It is even more cashier (can I say so?) than cash itself. The main differences are: You could "print" crypto by yourself, you can create your own coins, and crypto is more complex in transactions. Last difference make the "destroying of cash" using crypto impossible.
Likewise create 100% digital money systems
In depth you will find that all money systems are 100% digital. Hardly somewhere on Earth you will find a country with gold coins in real everyday circulation. Everything else is digital. Even that pieces of paper with serial numbers and value printed on them.
Have total traceability of digital money
Yep. Bitcoin-like crypto is completely traceable. From address to address. That's the core feature from the beginning. But there are no way implemented to figure out an owner of address. Also, there exist non-traceable cryptos like Monero.
Don't forget that cash is perfectly traceable too. That is why they print serials on cash.
Facilitate the "great reset" and social credit score systems of political reprisal
It's orthogonal, really. Crypto is just a tool. You could use it for anything.
Give the illusion of safety security of the digital money
Crypto is as safe and secure as owner able to keep. You could easily loose all your crypto, just like with bank account or cash.
Give the illusion of safety and security of blockchain based voting systems
Voting system can't be safe and secure at all if you can't check that your vote was counted and counted correctly, and all other votes belong to real people that also could check their votes. This safety and security is independent from the system behind voting. Blockchain does not provide that properties.
Give the illusion of safety and security of digital identity
Not true. You could create any number of identities (addresses/wallets) in any crypto system. Safety and security of that identities depends only on your understanding of how it works.
It's an illusion because the NSA can currently crack a single wallet with all their resources.
No. It's an illusion of NSA might. To crack a wallet you had to spent much more power and time than to mine average coins in that wallet. So there are completely no any sense to crack someone wallet. Cracking wallet gives you only one thing - the ownership of the coins in that wallet, nothing more.
It's extremely likely that cryptocurrency was invented by the NSA itself. After all they created the public key cryptography algorithms and crypto hash algorithms that cryptocurrency uses.
No. There are many cryptocurrencies around and they use different cryptography, including ones that was not created by NSA or any other agency. You could even create your own cryptocurrency based on your own cryptography
Blockchains are not quantum secure. They can be unzipped by quantum computers that have a sufficiently high enough qbit processor;
"Quantum computers" is just another marketing hoax along with AI and other crap. They don't work in the way as pushed in MSM. They are very special devices with very limited circle of tasks. The best thing existing quantum computers could do is to simulate not very complex system of randomly moving particles interaction with each other. And seems that nothing will change in closest decades.
It's possible for NSA to crack a wallet but leave the money there; so someone would never know their wallet is compromised.
There are no any sense to crack the wallet and don't touch the money at all. You don't need to crack a wallet unless you need to transfer the money to another address.
The NSA could have a database of private keys they've stolen from cracked wallets just waiting to collapse the entire blockchain in one fell swoop at some time in the future. I call this the "Forthcoming crypto backdoor"
That can't be used to do something with cryptocurrency system. If you crack a wallet, the only thing you get - is an ability to transfer money to another address and that's all. Transferring money from one address to another is what all that thing was created for. To damage Bitcoin-like cryptocurrency you need to take over more than 50% of computing power of whole cryptocurrency network, not to crack wallets.
It's going to be impossible to correct problems with such a system unless there is an authority, such as a special digital court
The main point of cryptocurrency is an absence of any authorities. If you found a cryptocurrency with some authority - it is a bad, fake and useless cryptocurrency.
Really crypto hardly will jump out its current niche. There are too many disadvantages in existing cryptocurrencies, including blockchain itself, that completely prevent its wider usage, not even talking about replacing cash.
Reading through your reply I get the impression that crypto is really no better than made up money at Disney Land or Canadian Tire. They give you their own currency for use in their location only, it’s POSSIBLE to use it elsewhere if a vendor allows it, but not always possible or easy.
Reading through your reply I get the impression that crypto is really no better than made up money at Disney Land or Canadian Tire.
Something like that. Difference is that it is issued not by some company, but by all people who involved in network. Value of that currency is created like value of any other currency - people who use it agree to use it like a mean of exchange. It differ only in that the confidence to state currencies are pushed by laws, and confidence in crypto is a product of people agreement.
If somebody will invent an cryptocurrency algorithm that will eliminate major problems of existing cryptos with speed of transactions, endless growth of blockchain and enormous computing power needed for running whole thing, that thing will become something like "Disney money" but accepted everywhere and issued by community of users.
Really, there are no many choices for "independent money". It is some precious metals/gems, improved cryptocurrencies or huge total barter network. If you know other alternatives, I'm all ears.
"Independent money" that could not be controlled by any authority, could not be taxed or confiscated could be a very helpful thing to defeat TPTB.
The problem with independent money is when things go south there’s no one to go to. I’m well aware of the corruption and lack of trust in the banks and the SEC but if you can bring proof forward shit can get done. If someone rips you off in bitcoin, you’re just SOL. There’s no regulator to report the bad exchange to. There’s no government to force an exchange to follow rules. MtGOX disappears overnight and thousands of people are out their coins and there’s nothing they can do about it.
Traditionally speaking it’s only the threat of force that keeps people in line. Play by the agreed rules or we come take everything and throw you in prison. We need to make the “elites” follow this same ruleset if we really to be bound by it, and with that cash still works. Having an unregulated currency system fails for me because I know people are greedy assholes and take advantage wherever they can.
Any regulation could work both ways. And currently, the way it works highly probably would not be for your interests. At least globally. You could win a single case, but the whole system make your win useless very soon. Inflation, taxes, rent, etc - they always took everything back.
Really, crypto is not unregulated at all. It is regulated by its algorithm, not by some authority. This gives a way to create an independent currency that will be resistant to "greedy assholeness" of people. Just mathematically. Interesting that there was attempts to create unconventional currencies resistant to greed in Nazi Germany. Money you own began to loose its value if you are keep them too long. So there was no way to accumulate them and to avoid losses you had to spend them by buying goods from other people. As money change owner, countdown to the time it began to loose value started again. Being greedy with that kind of money have no sense at all. You was pushed to make them and spend them by their nature. Of course that system was not perfect, and experiment was destroyed too soon by war.
Indeed regulation can work both ways as we’ve all seen in the real world. But crypto regulated by its algorithms means is still regulated outside the control of the general user. Making up your own currency only works if other people find it useful to use. Most of us aren’t buying, trading or even using shit coins people make. There’s plenty of claims of usefulness and anonymity for various coins but as time goes on these get proven wrong.
Gold was used because it had value other than just currency. Same with silver. Bartering works because the objects or service bartered has intrinsic value in and of themselves. The paper currency most of us use is fucked with by governments and shadow cabals, but it has the security of being useful anywhere in the country it’s issued, and generally slower change in purchasing power. Crypto can be worth a lot or at least something and be worthless when you wake up the next day. We’ve tarred and feathered and beheaded politicians and rulers in the past. Someone you’ve never met online who created a shit coin and ran off with the useful money is much harder to bring to that, ahem, special justice.
But crypto regulated by its algorithms means is still regulated outside the control of the general user.
Outside any control of anybody. Just like a physics law. It is much better than any other currency.
Most of us aren’t buying, trading or even using shit coins people make.
That is because its algorithm have fundamental flaws, like long transaction time, big transaction costs, etc. Once that flaws would be fixed, most people will prefer it at least over over bank accounts.
Don't forget, that current cryptocurrencies is just a beta version. And even first beta version with all its bugs and problems gain enormous popularity. That means there is a huge demand for an independent currency.
There’s plenty of claims of usefulness and anonymity for various coins but as time goes on these get proven wrong.
That was never proved worng. Crypto is clearly usefull as a way to avoid government control and it is really anonymous, since you don't need any documents and approval to create an account. Crypto is traceable, but anonymous. Traceability does not mean lack of anonymity. It is different things.
Crypto can be worth a lot or at least something and be worthless when you wake up the next day.
Just like any other currency. Gold/silver could be just prohibited for personal owning, like plutonium. And that's all. Since it is physical object, so you will be caught and jailed immidiately if you will try to use it.
However, crypto can't be instantly made worthless by any government. That is why it is still worth something. That is one of the unique property of crypto that makes it valuable.
Someone you’ve never met online who created a shit coin and ran off with the useful money is much harder to bring to that, ahem, special justice.
Creator of shitcoin can do absolutely nothing with your coins. He can do nothing with coin network, since it grow out to other people. You could easily ignore him and use your coins as you wish. You even could take his code and run your own instance of network, completely independent. That's the point.
As for "run off" - just don't be so dumb and don't transfer your coins from your own wallet to any shitty exchange or service you don't trust. You don't give your cash to a stranger promising something, so why you do it with your crypto? Who force you to create "your" wallet on some shitty services instead of your own PC? If your crypto wallet with coins is not on your own computer - it is not your wallet. Just like cash. Nobody can run off with your coins if you don't give them out willingly by yourself.
Sorry but I feel you missed a few things with this reply.
First you say the algorithm is the regulation, but then you go on to talk about how the shit coins have flawed algorithms. You also address the long wait times and cost per transaction, thank you for your honesty and genuine intellectual approach to them. These are huge issues that require fixing for as you say this beta version.
Gold and silver could drop to zero as a currency but they haven’t totally lost value. My electronics can still be plated in the gold for corrosion resistance. My water blocks in my computer can be silver coated for thermal transfer. My gold can be turned into ear rings and bracelets and traded for a cow. My silver can burn melted and made into silver bullets in case my mother in law gets a little werewolfy. In their natural as is state, they have a use. And therefore a value. Crypto does not. It replaces a different currency, adds the value of ease of online and therefor global transactions, and some claim true anonymity. But the bitcoins only value is as a currency. It’s worth X USD. Convertible to your fiat of choice as well, but taking it out of wherever tends to require a fee. If you can even get it out.
I have friends trading coins on online markets, I’ve stayed out of that. Not going to say their experience is the same as everyone’s but I honestly got tired of listening to the bragging over some huge deals and the bitching over the losses, the pump and dumps, whale watching, movements at 3am, you name it. Plus all these coins are only increased in value when people buy them with either fiat currency from one nation or other, or with a different coin that was either purchased with again fiat or mined at great cost of electricity which is still having its bill paid in fiat. Very few self sustaining power plant based crypto mining facilities out there.
As for the “run off” part I’m referring to people who create then push a shit coin, get early adopters and people to invest, claiming high value and future speculation, then when they have enough money soaked, drain the value through their chosen method and leave everyone else holding the bag full of worthless shit coins. These situations do nothing to remove the Ponzi scheme look for a lot of crypto’s. Mark Cuban famously lost millions in crypto not that long ago, and there’s many other such cases but this is a comment not an essay and i don’t want this to be too long to ever read.
Lastly storing your crypto offline on a wallet on a hard drive in your physical possession. Great. Kinda like hoarding physical gold and silver, in your house. Except the precious metals may decay a few protons but still be there for 10000 years. I’ve had hard drives fail. Two within a month of each other(never buying Seagate again because of it, personal choice due to it pissing me off that much. Was my main computer running 2 drives, both purchased the same day.) People have accidentally lost their drives with their wallet, drive internals fail, solder joints crack, etc. It’s much less secure than a home vault or even a wall safe hidden behind grannies portrait.
To most of us, crypto simply feels like online stocks, with extra steps, and a few more headaches. Sure bank notes have serial numbers but 99% of us never care. An old farmer can give me 5 $20, i give 4 to a pot dealer, who spends one at 7/11, and each time even though the bill is traceable no one records the serial number or even cares. As long as it’s not a fake bill, it’s handed over and transaction done.
Some were mentioning that the cryptos are a good pressure release valve for inflation. Instead of fiat dollars chasing goods, services, land etc. and driving up prices, it flows into fake money cloud.
Really, money go to miners and traiders who obviously spend them for goods, services, land, etc. The trick is that the network is highly distributed, so there are no any large entity that could collect and hold most of fiat.
Even if initial goal of crypto was malicious, it quickly run out of control. Now you could see only meaningless attempts to regulate all that madness by laws, prohibition and other stuff. They even began to use crypto for money laundering using ransomware hoax as excuse. That is the only profit they finally got. And TPTB themselves got nothing, really, They don't need money laundering, because they print the money, so they can't even use it for something useful for them. And they can't switch off internet, since it is their main propaganda device now. Also interesting that none of cryptocurrencies created by financial entities gain any popularity. It is clearly out of control. And that's good. This proof-of-concept showed amasing results even with all flaws and problems. Now we could study all mistakes of first cryptocurrencies and create something much more useable, versatile and flawless.
Meanwhile, cryptocurrency system could be not only a mean of exchange, but also a mean of information exchange - messenger, social network, file storage, anything. If you combine all that in one thing, you will get an self-sustainable undestructible system that is completely free of any government or corporation control where every participant get some real profit for keeping system running. Next generation of crypto with high probability will be based on proof-of-networking, unlike modern systems based on proof-of-work or proof-of-storage. That will solve most problems with current generation of crypto and it will be much more useable as a replacement of ordinary currency.
I think a really good summary of how the rest will occur is: “incentivizing people to trade cash for equities through global stock market manipulation”
paying for a surveillance string of bits that is hailed by the mainstream media...
sounds like a good investment to me!
In the future a blockchain based currency might work for some, but as a one size fits all solution it falls down. It’s dependent on power, network connection, and people using it. The Amish, mennonites and hudderites are successful in North America and aren’t going away anytime soon. They don’t use this stuff but gladly take cash or will trade with you if your goods are worth it. Bartering is older than cash and will outlive it. You have chickens, I have wine. I can trade my wine for some of your chickens. I need a truck frame powdercoated, I can take a few bottles of wine and $50 to the nearby colony and get it done. On a global scale, it’s not as pleasant but trading a ship load of grain for a ship load of oil happens, the numbers on the screen honestly don’t matter. You’re not counting out bills anymore for large purchases, it’s just numbers on the spreadsheet saying it’s good to go. For small communities, cash works great and bartering can work even better. Crypto currency is a first world problem, solving it is a headache most don’t want to undertake. A supposedly secure system that you went to great lengths to explain why it’s not, developed and introduced by a hidden mystery figure, the “benefit” of a set number of coins only to have tons of shit coins and “satoshis” come later meaning it’s not truly limited, just for now it’s limited. Too many downsides and mysteries for me to sink my money into. Those who got rich, congrats. But it feels very tuplip-y to some of us.
I think Cryptocurrency in general is just insanity. I talked to some NPCs before and the consensus seems to be it's just schizoid madness where none of that shit was actually valuable.
It seems like something will crash it sooner or later and then all the coin miners will find themselves placed into a honeypot -- that's exactly what can be re-create the conditions of Nazi Germany stepping in.
Boomer fud with fanfic splashed in for flavor.
Oh it's valuable if you get out at the right time. Just like every fiat currency ever.
The difference is that crypto currencies are in a sense finite. Most of them don't allow their Fed equivalent to just print off as much as they want whenever they feel like it.
Quantum Computers don't exist, they're science fiction. Everything you see and hear about them today is nothing more than a scam to get people to invest in it. They haven't made any meaningful progress towards it in decades. Also, if you study the mechanics behind it, you'll see that it's likely not even possible. Our world would have to have a very different working to it than we we know in order for any of this to exist.
Even if QC did exist, all the algorithms they're proposing to run on these magical devices would be able to break the algorithms currently used for asymmetric cryptography, but not symmetric cryptography. Block chains are built upon symmetric cryptography, and therefore would not just be magically broken by a hypothetical QC.
Exactly. For 2021 the best achievement in over 20 years of quantum computing in breaking cryptograpthy is .... be ready .... integer factorization of the number 21 into primes 7 and 3.
That is all that was done in crypto breaking sphere for that billions invested into quantum computing.
I suppose that working Alcubierre drive will be built much sooner than quantum computer will be really able to break some outdated cryptography algorithm that is now considered obsolete.
They cannot even do that. It's all smoke and mirrors with QC.
Every so called quantum "computer" they've created isn't capable of actually computing anything. What they have done is essentially build in a table of primes up to 21, and can then verify according to the pre-built table that 21 does indeed consist of 7 and 3.
All they're doing is cheating on a test, and they cannot even get that to anywhere meaningful. They would need a Manhattan project kind of effort to even get it capable of actually being able to compute the factor of a small number, and even with that kind of effort, I'm not convinced it's possible to pull off.
I didn't dig deeper on that meaningless "result". So they failed even with a proof-of-concept. :)
As for large systems, AFAIK, there comes up another problem with decoherence along with the scale up. More qubits, more decoherence and nobody knows how to avoid it.
Really, it is fascinating to observe how all that total crap with quantum computing, artificial intelligence, etc. not only used for enormous money laundering, but also successfully used in fearmongering. Seems that even here only few really do their own research to find out the real state of affairs with that marketing bullshit.
Day to day it's harder and harder to keep the faith in humanity.
You'll probably enjoy these articles:
https://scottlocklin.wordpress.com/2019/01/15/quantum-computing-as-a-field-is-obvious-bullshit/
https://spectrum.ieee.org/the-case-against-quantum-computing
https://spectrum.ieee.org/the-us-national-academies-reports-on-the-prospects-for-quantum-computing
https://www.quantamagazine.org/gil-kalais-argument-against-quantum-computers-20180207/
As you said, it's so important to research things than to take "common knowledge" about recent developments as accurate.
If you really want to lose faith, study all the crazy experiments that have been conducted in quantum mechanics, and you'll see no one can answer some basic questions about the entire concept. No one understands what's going on, and the so called "conclusions" of various experiments are just wild far-fetched guesses that sound nice on paper. Everyone is also afraid to ask the big questions behind the meaning of all the tests that have been conducted.
How is entanglement even possible? What does it mean about our reality if particles appear to share properties?
Why does every test conducted with "gates" result in confirmation? Is it possible to even achieve a negative result?
When multiple outcomes are possible, why are the ratios so perfect? How does this relate to the above question?
Are our experiments somehow flawed?
Are the particles aware they're being tested and necessarily react differently then they would if no one was looking?
Nice articles, thank you, bookmarked.
Quantum theory is not complete, it could explain some effects, like changing energy levels of atom electrons and perfectly allow to calculate and create a lot of things from lasers and semiconductors to fluorescent paints but it does not explain a lot of things. Possible theory enhancements cross the road of relativity which is an absolute dogma for Einstein praisers. So, most answers for interesting questions could not be given until relativity will be thrown away.
Really, the coolest thing connected with quantum physics I found is Gunter Nimtz FTL experiments, that was reproduced by other researchers and completely silenced for a long time. https://en.wikipedia.org/wiki/G%C3%BCnter_Nimtz He made a very simple experiment, that undeniably show that radiowaves carrying information could travel 4.7 times faster than light. Further experiments by other researchers shown that quantum tunnelling of radiowave photons seem to occur in zero time. That completely throw out special relativity theory with all its garbage about impossibility of FTL. Obvilously no any predicted by special relativity time paradoxes, like casuality violation occur, and some most active Einstein shills even used that fact as a "proof" that there was no FTL.
And you will hear absolutely nothing about that bombshell.
I think you hear nothing about it because people have offered other explanations. I have seen a paper on causality violation, that it can happen according to some test conducted where photons are reacting to something that hasn't happened yet. There's other explanations also.
Indeed, all this stuff about quantum everything is interesting, but nobody is really asking the big questions and trying to answer them. Our knowledge in the field is incredibly primitive, yet some people think we'll have machines that can do quantum computing any day now, when no one even knows how to engineer anything in that regard.
There are no any other explanations, only FTL one and weak attempts of opponents to misinform others about experiment details. The latter ones is futile, because experiment was reproduced by independent researchers with results even worse for relativists.
Please share a link or doi if you have it, I like that fringe things a lot.
Our knowledge on quantum physics could be completely worng, like in a case with a theory of flogiston, that was completely wrong, but allowed to do a complex thermodynamic calculations that was perfectly accurate.
As for quantum computers, I could imagine some usage in cases where you have to deal with probabilities, since all quantum physics is about probabilities, but that niche in no case interfere with anything that advertised about quantum computing in MSM.
Bitcoin was most likely created by the NSA. Satoshi was to add an air of mystique to the whole endeavor.
This is some mix of truth, guesses, misunderstanding and propaganda. You really don't need to guess, if you have source code. Just look at it, and that's all.
Cryptocurrency is closest thing to the cash you could think out in digital realm. It is even more cashier (can I say so?) than cash itself. The main differences are: You could "print" crypto by yourself, you can create your own coins, and crypto is more complex in transactions. Last difference make the "destroying of cash" using crypto impossible.
In depth you will find that all money systems are 100% digital. Hardly somewhere on Earth you will find a country with gold coins in real everyday circulation. Everything else is digital. Even that pieces of paper with serial numbers and value printed on them.
Yep. Bitcoin-like crypto is completely traceable. From address to address. That's the core feature from the beginning. But there are no way implemented to figure out an owner of address. Also, there exist non-traceable cryptos like Monero. Don't forget that cash is perfectly traceable too. That is why they print serials on cash.
It's orthogonal, really. Crypto is just a tool. You could use it for anything.
Crypto is as safe and secure as owner able to keep. You could easily loose all your crypto, just like with bank account or cash.
Voting system can't be safe and secure at all if you can't check that your vote was counted and counted correctly, and all other votes belong to real people that also could check their votes. This safety and security is independent from the system behind voting. Blockchain does not provide that properties.
Not true. You could create any number of identities (addresses/wallets) in any crypto system. Safety and security of that identities depends only on your understanding of how it works.
No. It's an illusion of NSA might. To crack a wallet you had to spent much more power and time than to mine average coins in that wallet. So there are completely no any sense to crack someone wallet. Cracking wallet gives you only one thing - the ownership of the coins in that wallet, nothing more.
No. There are many cryptocurrencies around and they use different cryptography, including ones that was not created by NSA or any other agency. You could even create your own cryptocurrency based on your own cryptography
"Quantum computers" is just another marketing hoax along with AI and other crap. They don't work in the way as pushed in MSM. They are very special devices with very limited circle of tasks. The best thing existing quantum computers could do is to simulate not very complex system of randomly moving particles interaction with each other. And seems that nothing will change in closest decades.
There are no any sense to crack the wallet and don't touch the money at all. You don't need to crack a wallet unless you need to transfer the money to another address.
That can't be used to do something with cryptocurrency system. If you crack a wallet, the only thing you get - is an ability to transfer money to another address and that's all. Transferring money from one address to another is what all that thing was created for. To damage Bitcoin-like cryptocurrency you need to take over more than 50% of computing power of whole cryptocurrency network, not to crack wallets.
The main point of cryptocurrency is an absence of any authorities. If you found a cryptocurrency with some authority - it is a bad, fake and useless cryptocurrency.
Really crypto hardly will jump out its current niche. There are too many disadvantages in existing cryptocurrencies, including blockchain itself, that completely prevent its wider usage, not even talking about replacing cash.
Reading through your reply I get the impression that crypto is really no better than made up money at Disney Land or Canadian Tire. They give you their own currency for use in their location only, it’s POSSIBLE to use it elsewhere if a vendor allows it, but not always possible or easy.
Something like that. Difference is that it is issued not by some company, but by all people who involved in network. Value of that currency is created like value of any other currency - people who use it agree to use it like a mean of exchange. It differ only in that the confidence to state currencies are pushed by laws, and confidence in crypto is a product of people agreement.
If somebody will invent an cryptocurrency algorithm that will eliminate major problems of existing cryptos with speed of transactions, endless growth of blockchain and enormous computing power needed for running whole thing, that thing will become something like "Disney money" but accepted everywhere and issued by community of users.
Really, there are no many choices for "independent money". It is some precious metals/gems, improved cryptocurrencies or huge total barter network. If you know other alternatives, I'm all ears.
"Independent money" that could not be controlled by any authority, could not be taxed or confiscated could be a very helpful thing to defeat TPTB.
The problem with independent money is when things go south there’s no one to go to. I’m well aware of the corruption and lack of trust in the banks and the SEC but if you can bring proof forward shit can get done. If someone rips you off in bitcoin, you’re just SOL. There’s no regulator to report the bad exchange to. There’s no government to force an exchange to follow rules. MtGOX disappears overnight and thousands of people are out their coins and there’s nothing they can do about it. Traditionally speaking it’s only the threat of force that keeps people in line. Play by the agreed rules or we come take everything and throw you in prison. We need to make the “elites” follow this same ruleset if we really to be bound by it, and with that cash still works. Having an unregulated currency system fails for me because I know people are greedy assholes and take advantage wherever they can.
Any regulation could work both ways. And currently, the way it works highly probably would not be for your interests. At least globally. You could win a single case, but the whole system make your win useless very soon. Inflation, taxes, rent, etc - they always took everything back.
Really, crypto is not unregulated at all. It is regulated by its algorithm, not by some authority. This gives a way to create an independent currency that will be resistant to "greedy assholeness" of people. Just mathematically. Interesting that there was attempts to create unconventional currencies resistant to greed in Nazi Germany. Money you own began to loose its value if you are keep them too long. So there was no way to accumulate them and to avoid losses you had to spend them by buying goods from other people. As money change owner, countdown to the time it began to loose value started again. Being greedy with that kind of money have no sense at all. You was pushed to make them and spend them by their nature. Of course that system was not perfect, and experiment was destroyed too soon by war.
Indeed regulation can work both ways as we’ve all seen in the real world. But crypto regulated by its algorithms means is still regulated outside the control of the general user. Making up your own currency only works if other people find it useful to use. Most of us aren’t buying, trading or even using shit coins people make. There’s plenty of claims of usefulness and anonymity for various coins but as time goes on these get proven wrong. Gold was used because it had value other than just currency. Same with silver. Bartering works because the objects or service bartered has intrinsic value in and of themselves. The paper currency most of us use is fucked with by governments and shadow cabals, but it has the security of being useful anywhere in the country it’s issued, and generally slower change in purchasing power. Crypto can be worth a lot or at least something and be worthless when you wake up the next day. We’ve tarred and feathered and beheaded politicians and rulers in the past. Someone you’ve never met online who created a shit coin and ran off with the useful money is much harder to bring to that, ahem, special justice.
Outside any control of anybody. Just like a physics law. It is much better than any other currency.
That is because its algorithm have fundamental flaws, like long transaction time, big transaction costs, etc. Once that flaws would be fixed, most people will prefer it at least over over bank accounts.
Don't forget, that current cryptocurrencies is just a beta version. And even first beta version with all its bugs and problems gain enormous popularity. That means there is a huge demand for an independent currency.
That was never proved worng. Crypto is clearly usefull as a way to avoid government control and it is really anonymous, since you don't need any documents and approval to create an account. Crypto is traceable, but anonymous. Traceability does not mean lack of anonymity. It is different things.
Just like any other currency. Gold/silver could be just prohibited for personal owning, like plutonium. And that's all. Since it is physical object, so you will be caught and jailed immidiately if you will try to use it. However, crypto can't be instantly made worthless by any government. That is why it is still worth something. That is one of the unique property of crypto that makes it valuable.
Creator of shitcoin can do absolutely nothing with your coins. He can do nothing with coin network, since it grow out to other people. You could easily ignore him and use your coins as you wish. You even could take his code and run your own instance of network, completely independent. That's the point.
As for "run off" - just don't be so dumb and don't transfer your coins from your own wallet to any shitty exchange or service you don't trust. You don't give your cash to a stranger promising something, so why you do it with your crypto? Who force you to create "your" wallet on some shitty services instead of your own PC? If your crypto wallet with coins is not on your own computer - it is not your wallet. Just like cash. Nobody can run off with your coins if you don't give them out willingly by yourself.
Sorry but I feel you missed a few things with this reply. First you say the algorithm is the regulation, but then you go on to talk about how the shit coins have flawed algorithms. You also address the long wait times and cost per transaction, thank you for your honesty and genuine intellectual approach to them. These are huge issues that require fixing for as you say this beta version.
Gold and silver could drop to zero as a currency but they haven’t totally lost value. My electronics can still be plated in the gold for corrosion resistance. My water blocks in my computer can be silver coated for thermal transfer. My gold can be turned into ear rings and bracelets and traded for a cow. My silver can burn melted and made into silver bullets in case my mother in law gets a little werewolfy. In their natural as is state, they have a use. And therefore a value. Crypto does not. It replaces a different currency, adds the value of ease of online and therefor global transactions, and some claim true anonymity. But the bitcoins only value is as a currency. It’s worth X USD. Convertible to your fiat of choice as well, but taking it out of wherever tends to require a fee. If you can even get it out.
I have friends trading coins on online markets, I’ve stayed out of that. Not going to say their experience is the same as everyone’s but I honestly got tired of listening to the bragging over some huge deals and the bitching over the losses, the pump and dumps, whale watching, movements at 3am, you name it. Plus all these coins are only increased in value when people buy them with either fiat currency from one nation or other, or with a different coin that was either purchased with again fiat or mined at great cost of electricity which is still having its bill paid in fiat. Very few self sustaining power plant based crypto mining facilities out there.
As for the “run off” part I’m referring to people who create then push a shit coin, get early adopters and people to invest, claiming high value and future speculation, then when they have enough money soaked, drain the value through their chosen method and leave everyone else holding the bag full of worthless shit coins. These situations do nothing to remove the Ponzi scheme look for a lot of crypto’s. Mark Cuban famously lost millions in crypto not that long ago, and there’s many other such cases but this is a comment not an essay and i don’t want this to be too long to ever read.
Lastly storing your crypto offline on a wallet on a hard drive in your physical possession. Great. Kinda like hoarding physical gold and silver, in your house. Except the precious metals may decay a few protons but still be there for 10000 years. I’ve had hard drives fail. Two within a month of each other(never buying Seagate again because of it, personal choice due to it pissing me off that much. Was my main computer running 2 drives, both purchased the same day.) People have accidentally lost their drives with their wallet, drive internals fail, solder joints crack, etc. It’s much less secure than a home vault or even a wall safe hidden behind grannies portrait.
To most of us, crypto simply feels like online stocks, with extra steps, and a few more headaches. Sure bank notes have serial numbers but 99% of us never care. An old farmer can give me 5 $20, i give 4 to a pot dealer, who spends one at 7/11, and each time even though the bill is traceable no one records the serial number or even cares. As long as it’s not a fake bill, it’s handed over and transaction done.