Quantum Computing: The Next Frontier That Will Change Humanity Forever - podcast episode cover

Quantum Computing: The Next Frontier That Will Change Humanity Forever

Dec 21, 202410 min
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Episode description

In this clip of Market Mondays, hosts Rashad Bilal, Troy Millings and Ian Dunlap delve into the fascinating and rapidly evolving world of quantum computing. This transformative technology, which promises to solve complex problems in mere minutes that would take conventional computers millions of years, is still in its nascent stages. However, its potential impact on various sectors, especially cryptocurrency, is already a hot topic of discussion.


Key Topics Covered:


*1. What is Quantum Computing?*

Rashad and Troy kick off the session by discussing what quantum computing is and how it differs from classical computing. With quantum computers capable of processing information at unprecedented speeds, these machines hold the potential to revolutionize cybersecurity, cryptography, and much more.


*2. Quantum Computing and Bitcoin:*

A significant focus of the discussion revolves around the implications of quantum computing for cryptocurrencies, particularly Bitcoin. Rashad explains the heightened security risks posed by quantum computers, as they could potentially crack complex codes and disrupt blockchain integrity. Unlike Ethereum, which has a more adaptive governance model, Bitcoin’s decentralized nature might make it more vulnerable to quantum attacks.


*3. The State of Quantum Computing Technology:*

Troy provides an insightful analysis of the current state of quantum computing technology. He highlights Google’s quantum computer, Willow, which is a groundbreaking step but still far from operational at levels required to impact Bitcoin significantly. Currently, Willow operates at 105 superconducting qubits but would need around 100,000 to a million qubits to perform large fault-tolerant calculations reliably.


*4. Real-World Applications and Future Projections:*

Both hosts discuss practical applications and futuristic projections for quantum computing. From enhancing cybersecurity to solving complex scientific problems, the possibilities are vast. They also explore the ongoing investments in quantum research by countries like China and the United States, emphasizing the global race to achieve quantum supremacy.


*5. Investment Opportunities:*

Another critical segment focuses on investment opportunities related to quantum computing. Troy advises viewers to consider investing in the infrastructure needed to support quantum technology, such as cooling systems, energy solutions, and specialized housing facilities. These areas are poised for growth as the technology matures.


*6. Looking Ahead:*

The episode concludes with a foresight into the future landscape of quantum computing and its broader economic impact. Both hosts agree that while we may be years away from quantum computers significantly affecting cryptocurrencies or other sectors, the groundwork is being laid now.


Highlights:


  • Understanding Quantum Computing: Definition and technical explanation.
  • Impact on Bitcoin & Cryptocurrencies: Risks and adaptive strategies.
  • Current Quantum Technologies: Analysis of Google’s Willow and qubits.
  • Future Trends: Research, investments, and expected advancements.
  • Investment Insights: Infrastructure and supportive technologies.


Whether you're a tech enthusiast, investor, or just curious about the future of computing, this episode offers a comprehensive overview and critical insights into the rapidly advancing field of quantum computing and its potential to reshape the digital landscape.


Don’t forget to like, share, and subscribe for more in-depth discussions and analyses on the latest market trends and technological advancements!


#QuantumComputing #Cryptocurrency #Bitcoin #GoogleWillow #Investing #MarketMondays #TechInnovation #FutureOfComputing #AI #CyberSecurity #DigitalTransformation #Qubits #QuantumSupremacy #TechTrends #Blockchain #Ethereum #InvestmentTips



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Transcript

Speaker 1

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Speaker 3

Quantum computing something that's been getting live attention lately. Yeah, you know, they said, a quantum computers. These things actually can solve in minutes what a regular computer takes one million years to solve. It's not really at full capacity yet, they said, over the next five years, maybe ten years, it'll be like but you have to keep it in the coldest conditions known to human and their complex computers.

They pose a great risk security because they can crack codes, they could do they could they could do pretty much anything. So a lot of people think that's going to be a risk to cryptocurrency, especially bitcoin, because Bitcoin it's not like they have like a working in governance that's actually updating cybersecurity on nobody even you know. It's a little harder than like say ethereyum more centralized coin where they can you know, adapt with the times a little quicker.

So how will this affect bigcoin and cryptocurrency.

Speaker 2

Short term or long term? No, short term is not gonna have an effect.

Speaker 3

For long term, I.

Speaker 4

Think I first mentioned quantum on the show maybe three years ago, two and a half years ago. The next biggest space. It's gonna be really interesting, though. What I will say about that Google quantum chip. I scoured the internet high and low looking after I looked at Travis's drama that he had going on, and the thing that I didn't see was a demo. So, if you have this amazing chip and I'm seeing more videos about cooking wakaya than you of this, this demo to the quantum,

I don't believe you. We need more people y'all missed out on the AI race the first time. I'm not saying that Google does not have the chip. I will have loved to see the demo though, now, how will affect pitcoin. I think at some point there may be some attacks, but I think they're also whoever runs the

quantum space will end up providing cybersecurity for them. So if I have the ability to break into your safe, why not hire me a security for your safe to help you kind of keep some of these things encryptis so, but I do think the sector is going to have a tremendous impact on crypto as a whole, the economy as a whole. It's gonna be the next space. It's gonna be as how as AI was the last two years. But I don't I'm not sold on Google having the solution yet.

Speaker 2

And I know.

Speaker 4

Everybody's asking about qubs and the small companies. I'm telling you a small company is not going to take the lead over in this race. Is probably one of the most important innovations of like the last eighty years.

Speaker 2

So yeah, I'm with you on that.

Speaker 1

I think short term, the quantum computers they're just not powerful enough to interrupt bitcoin.

Speaker 2

It's interesting, I was with you.

Speaker 1

I didn't see a demo, so when we talked about we're talking about Willow and that that's the computer, And so I did like, now I got to do the research on it. So now I'm trying to figure out, like how does this thing work? And so the work qubits come up, So like if you're doing research on quantum computing, you're gonna hear cute bits, and it just means a quantum bit. So if all y'all like that grew up playing video games, you remember when it was like sixteen.

Speaker 2

Bit, thirty two bit, sixty four bit.

Speaker 1

That was just the measure of information that can be taken, and so a cubit is that it's the measure of information that can be taken inside a quantum computing WILLO right now is at one hundred and five super conducting cubits, So one hundred and five that's where it's at presently.

Speaker 2

Currently.

Speaker 1

The problem with quantum computing, and if you read every physicist and every expert, is the error tests.

Speaker 2

Right. It can do things.

Speaker 1

Very fast, but there's an accurate the reliability of it is so far off right now in present day, in order for it to have satisfactory errorrates, it needs about fifteen hundred cubits. So right now WILLO is at one oh five to have satisfactory.

Speaker 2

Errorrates, and it needs fifteen hundred.

Speaker 1

For it to have large perform large fault tolerant calculations, it needs between one hundred thousand to one million cubits. So when we talk about where are we at in quantum computing.

Speaker 2

Was it a breakthrough?

Speaker 1

Is that one oh five To have a large model, we need about one hundred thousand to a million.

Speaker 2

So we're kind of out of that. Like I said, as far as Bitcoin.

Speaker 1

Not powerful enough yet when it becomes right, because bitcoin isn't going anywhere, quantum computer isn't going anywhere.

Speaker 2

Bitcoin, if you understand proof of stake, proof.

Speaker 1

Of work, it has the ability to change in terms of forking, and so, like again doing the researchhowing it, they're already trying to figure out how they can have like cryptographic algorithms are resistant to quantum computing, and so these technologies are working at the same time.

Speaker 2

They know the issue that it's ahead of it.

Speaker 1

They are already people trying to figure out what is the soft fork that can help be resistance to it, and so that happened, like by the time we figured it out, they've been working on it for probably three years, already knowing that this is this is the the case going forward for quantum computing and the road that it'll collabe with bitcoin, because like you said, security and reliability're gonna be the two things that be at the forefront of it.

Speaker 4

It's kind of like when an artists back in the day said I had a fire album and it's like, well, let me hear something.

Speaker 2

It's like, give me nine more months. It's like.

Speaker 4

If it was there, they would have had demo day immediately.

Speaker 2

Ten seconds snipt of the album.

Speaker 3

No.

Speaker 2

I mean most people say that it's not ready yet, but it will be.

Speaker 5

Sure.

Speaker 3

Google Google China put more money in than than anybody else. And I even saw a study there was like the scientists, like the graduation, the graduate classes for like these type of the average in America is four students per class and China is twenty five students. So they they are pumping billion dollars into America's too, but they're they're putting even more resources, talent, human resources into quantum computing and

their patients. So when it does happen, they're definitely working hard towards fine tuning it and being the leaders in it.

Speaker 2

And that's the point. It's like quantumpules not going anywhere, And if.

Speaker 1

We look at it like we looked at AI, then yeah, there'll be companies leaning it, but infrastructure will still be needed. Right, So if you're looking like how do we what's the play? Like you said, there's people that will put up like these other quantum computing.

Speaker 2

Stocks, look for the comportary.

Speaker 1

Look for infrastructure, right because they need to be held somewhere.

Speaker 2

Cooling is very important to it. Who are the companies that are creating those things?

Speaker 1

Power and energy are going to be important like this that the power is ridiculous, Like when you're talking about how fast this works, they said that Willow's complex calculation can create a solve something in five minutes, which would normally take a classic supercomputer around ten sets tillion years to complete.

Speaker 2

That sounds good with no demo, that's ridiculous.

Speaker 1

So think about the power that's going to take to do that, Think about the infrastructure that needs to be house to do that. Those are the areas that I would be looking at if we're talking about five ten years when it comes to quantum computing.

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