Source: The Epoch Times
Bitcoin plunged by 15 percent as the tech world begins to realize that Google achieving “quantum supremacy” computing threatens all financial and military cyber-security.
TradingView data reported on Sept. 24 that Bitcoin crypto-currency on the Binance exchange crashed from $9,352.89 to about $7,800 in less than an hour trading, before closing at about $8,568. The loss of confidence follows the release of technical reports that “quantum supremacy” computing will soon be able to hack 256-bit encryptions that are invulnerable to traditional supercomputer brute force attacks.
Google’s efforts over the last decade to develop a ‘Super Intellect System’ focused on advancing artificial intelligence (AI), quantum computing and humanoid robotics. Many observers have referred to the effort as “Skynet,” from the 1984 movie: “The Terminator.”
NASA published a scientific paper stating Google achieved “quantum supremacy” with a 53-qubit quantum computer. The device takes just 200 seconds to complete a computing task that would normally require 10,000 years on a new supercomputer.