Bitcoin, Crypto, Encryption
Should Bitcoin and Other Crypto Holders Be Worried About Google’s “Willow” Quantum Chip?
TLDR: I’m not worried at the moment.
Google unveiled its “Willow” quantum chip yesterday via their blog post, here. Among the wildest stats was this amazing fact: “Willow performed a standard benchmark computation in under five minutes that would take one of today’s fastest supercomputers 10 septillion … years — a number that vastly exceeds the age of the Universe.”
I’m sure most people simply sat black and enjoyed having their minds blown, as doing 10 septillion years of math (and that’s 10 septillion years of math done by today’s fastest supercomputer) is utterly incomprehensible.
As a crypto person, though, your first thought might be something different — something like, “Oh #$%^#&#, is my Bitcoin safe?!”
Well, *IS* Bitcoin Safe?
Indeed, it wasn’t just me thinking that. Bitcoin dropped from $100k+ down to about $94k in a few days there. According to a Yahoo Finance story, BlackRock’s BTC EFT saw it’s worst drop in four months after this news. (BTC’s price seems to be creeping back up, thankfully.)
Thankfully, some Bitcoin bigwigs started chiming in with the facts:
