A new player has entered the game, and it's called the Willow Quantum chip. It's Google's latest breakthrough in computing power. Now the internet is a blaze with one question. Could this quantum machine destroy bitcoin? And why stop there? What about higher value targets, central banks, Department of Defense, corporations or more. Well, the headlines are terrifying, the debates online are pretty heated. In the stakes well, of course they're higher than ever. But what if I told you the
truth is actually far more fascinating. In this video, I'm going to break down what Google Willow chip really is. We'll talk about the potential risks that opposes to bitcoin. If you're holding bitcoin, should you be worried? And we're going to look at other infrastructure that's at risk as well. Now, real quick, my name is Mark Boss. I've been making
bitcoin content for over eight years. I'm a bitcoin focused venture capital investor, and in this video I'm going to share some of the same insights that I've learned and we use every single day. So let's go all right now, I've been making content specifically for bitcoin for now over eight years. And if I had just one dollar for every single time somebody told me, yeah, but quantum computing is going to destroy the whole thing. Well, I'd probably
have well enough to buy one whole bitcoin. I've been asked that question a lot, and I would typically answer something like, yeah, well what about aliens? They could come destroy the world tomorrow too, if you want to deal with hypotheticals, because there is no quantum computing, right, that's my typical answer. But the ANSWER's changed because now quantum
computing is here. So now rather than having to answer, you know, answer some hypothetical in the future, maybe threat like an astroid destroying the earth, now we have a real thing. So let's talk about that for a minute, because now let me answer this question for once and all, and then when people ask me all this said, then
the video. Okay, so introducing Google's new Willow chip. Like I said, the first real quantum computing that we've had, the first real threat we have to break encryption, including the potentially Bitcoin's encryption. Okay, So, first of all, they've been working on this in a long time. Mule has basically cracked a thirty year challenge. They've been working on this for a really long time. Now, what quantum computing does is it allows computers to be way more powerful
and allows them to process way more transaction. So if a computer is trying to guess a password, for example, like your typical twelve character password that might have one capital letter and one character, it could take a regular computer, right, don't on something like thirty five thousand years, but a quantum computer, because it could try so much faster, could break it in minutes potentially. Okay, So they've been working
on this for over thirty years now. What they've been able to do, the breakthrough that they've had is as this quantum computer is processing transactions, it's able to reduce the errors, and because of that, they're able to scale these cubits. Okay, so this is sort of how they measure the speed and the processing power of these quantum computers. So this quantum computer is so fast it could crack a code in about five minutes that would take a
regular computer ten septillion years. I don't even know what that is. Ten sip tillion years, which is ten to twenty fifth power or basically looks like this that many zeros haven't added them up. It's a really long time, ten million years. So this is a really fast innovation that Google's been able to do. Okay, so the question is then what will they do with this new power, and is it a threat to bitcoin and is it
a threat to encryption overall. Let's break that down. So the first thing is we have to understand that bitcoin represents an entire shift in the way technology is built. You can be talk about this regularly if you watch my videos talking about the decentralized revolution. So what we have is that basically all of our databases experience Amazon, your bank, the central bank, cent they're all centralized databases. All the data sits in one central database and it's controlled,
it's protected by the cybersecurity team. Versus Bitcoin has now introduced a decentralized database. And so really what we're witnessing is centralization versus decentralization. Now, besides the main aspect of one database versus many databases, we have different types of encryption. But let me just break down the centralized versus decentralized. So this is what's going on. The Internet actually started
as a very decentralized ecosystem. As a matter of fact, when I launched my first internet business back in nineteen ninety nine, I had to have a server in my office with my own servers with raid hot, swappable hard drives, et cetera. Because there was no Amazon Cloud, there was nothing like that, so I had to run my own server. So at that time, the Internet was very decentralized. Everybody ran their own database right and uploaded directly to the cloud.
But since then, what's happened as the Internet got very centralized. So now you log in with your Facebook ID or your Google ID. Everything sits on the Amazon Cloud. Everything runs through our Gmail or Google right, and so everything got centralized. The problem with centralized systems is we see how they're prone to fraud, manipulation, also break ins. We'll
talk about that in a minute. Now, what we can see is where we're at as centralized systems are now starting to go down for many reasons I'm going to break down for you, and we're starting to see the rise now of decentralized systems. And so it's going to be a massive paradigm shift that will happen over the
next twenty five thirty years. I talk about this quite often, but to break this down again, centralized versus de centralized again, So you have one database, your bank, Amazon experience, et cetera. And think of it like this, Like if you had one billion dollars in one bank, that's a really big target. There's a lot of people that would potentially break into that bank try to crack the code of that bank to get that billion dollars. But if I had a
billion banks with one dollar each, what's the point. It's way too much work for me to go to each bank one by one and one and break into them to get one dollar at a time. A billion times that wouldn't do it. And that's the difference of centralized versus decentralized systems now in bitcoins specifically, that's dig into this.
There's different types of encryption. So when you think of experience, and I'm going to talk about all some of the biggest breaks and as a matter of fact, the biggest database, most secure database in the world, was hacked. I'm going to tell you what that was in a second. We have to understand that all of the so centralized systems run a different type of encryption than bitcoin. So first'll talk about bitcoin, then we'll get to the rest. So
a couple ways to think about this encryption. So database encryption, your typical database uses symmetric encryption algorithms like AES for example, advanced encryption standards. Now Bitcoin uses different encryption as a matter of fact that it uses two different types of encryption, and this primarily uses asymmetric cryptography. All right, So there's elliptical curve and there's Shaw two fifty six. Let me break those down for you, just so you can understand.
I'm not going to go super deep into the weeds here. I want to give you the base information so you can understand this and at least sound intelligent if you want to have a conversation, and if you want go research this. If you're a computer nerd, you can go research this a little bit more. Okay, So the first thing is there's there's different parts of the Bitcoin network itself. There's Bitcoin the network, and there's Bitcoin the asset that
moves on the network. And the Bitcoin network itself uses mining computers to process transactions. This is hashing, right, and then there's the transactions themselves, more of the nodes. We'll talk about that in a second. So the first is we have Bitcoin protocol and it uses the Shaw two fifty six. You might have heard of this before. This
is for all hashing operations. So for the bitcoin mining, the processing computers to process the transactions, they mark them as a hash that's now saved in time in this block for everyone to see. All right. This is what we call proof of work, a proof of work mechanism. In order for a miner to submit a block to the network, the hash of the block must be below a certain threshold. So it's basically trying to figure out this code and if it gets that, then it will
put that hash into the blockchain. All right. So for that we're using Shaw two fifty six encryption, all right. But we have another type of encryption as well, and this is for the signatory part. Okay, so for digital signatures and for bitcoin we use something else, and this is called a ec DSA, which is an elliptical curve cryptography. Let me, let me give you an analogy that maybe this will make sense for you. So with bitcoin and cryptocurrency,
you never actually like download a coin. What you think of is like think of the blockchain, which is a database. Think of a blockchain database as like a digital locker system. Okay, and so like you have a public address of your locker, say C nineteen and I could say, hey, would you go to my locker and you know, slide that envelope into my locker for me. So I've given you my public address of the locker CE nineteen. You can go and put something into the locker. Everybody can see the locker.
Everybody knows they're C nineteen right there. But then I have a private key where I could open the locker and get that envelope out and I can put into another one. And that's basically the way the blockchain database works as well. So we have a public address that everybody can see, and we can hash into those and people can see transactions from them. It's open, it's transparent. But then I have the private key to then move bitcoin from one wallet address to another wallet address, and
so that's what we're talking about. So in order to move that bitcoin, I have to sign it. I have to give it my digital signature, and we're using a signature algorithm elliptical curve, and this allows a private key to sign any type of message. Digital signatures are frequently used to sign transactions and to send the bitcoin. Okay,
So that's how it works. Now, the signature is published to the blockchain, so that any member of the Bitcoin network can verify it's transparent, so anyone can see this. We say, don't trust verify. Any member can verify that the signature, the public key, and the message match. So now we can achieve consensus. The whole network can agree
that this happened because it's visible. Bitcoin is purely peer to peer, so it's moving from one wallet address to another, from my wallet to your wallet directly without going through an intermediary. Although miners process each transaction, they're unable to produce the valid signature for other people's bitcoins. So the miners are able to put the hash in the blockchain, but then you, with your private key, can sign that
transaction to complete it. So those are the two different types of an decryption, and they are very difficult to correct. Let me give you a visual way this works. So this is private knowledge right here, says the private key. Only I would have the key to open my locker CE nineteen and the message. But this is all what's public knowledge. So the public key, that's C nineteen. Everybody knows the locker address, the address of that blockchain address.
We have the signature, everybody would know that I signed it, and we would see the message hash going into the signature verification, so everybody can verify all of this. But again I only have my private key. Sorry, if this is elementary for some of you, and maybe this is over your head for some of the other of you. If you're more interested in this, again, there's a ton of resources. Just go google it. You can find that. Okay.
So to understand if this quantum computing is really a threat to bitcoin, we want to go back in time a little bit. So we can go back to when bitcoin originated, back in like two thousand and nine, when on the message boards we had Satoshi interacting with other developers, and in those early messages we can see that Satoshi actually envisioned something like this happening and being becoming a problem. So we can see here on the message board Satoshi
a founding senior member. This message is June fourteenth of twenty ten. So at that time, when Bitcoin was just coming out being introduced, they already were asking but what about quantum computing? The same questions have been asked, you know whatever, one hundred thousand times. Now at the time they didn't have quantum computing. But here's what Satoshi said. He said that SHAW two fifty six from the bitcoin
hashing encryption. SHAW fifty six is very strong, he said, It's not like the incremental step from MD five to SHOT one. It can last several decades. This is in twenty ten. He said that unless there's some massive breakthrough attack, which there hasn't been, if SHAW two fifty six became completely broken, which potentially could happen with Willow and I'm
going to tell you what that timeframe looks like. If it becomes completely broken, we could come to some agreement about what the honest blockchain was before the trouble starts guarded, and then we could continue from there. Hey, small business owner, are you buried in all types of work keeping you from the real thing that makes you money? Well that's where Just Works comes in. They're the all in one
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transition to a new hash in an orderly way. So already in twenty ten, they were being asked what about quantum computing, and they said, hey, well cool, when we have quantum computing that could break this encryption, then we can also use it to create a new encryption style. You see. So he was already predicting this, and so these developers were already thinking about this. Now let's talk about the timeframe. So the main takeaway is one they
started to think about this right away. Number two, Bitcoin, as this decentralized technology was designed to evolve. We don't know what's going to happen over the next one hundred years, the next thousand years, but Bitcoin was designed to evolve with those times. Now, the developers have been aware of this for a really long time, as I said, back to twenty ten. But again, how fast is this coming? Could it catch them off guard? Like he said, even if it did, we could do something about it. But
also if we have more time, we can do it orderly. Okay, Well, here's Google's timeline. Here's a timeline of Google's quantum processors, including their release yars and cubits. So remember the cubit measures how powerful that quantum computing it is. So they had foxtail in twenty sixteen, it was twenty two today, let's just fast forward to Willow twenty twenty four one hundred and five cubits, which okay, from twenty two to one hundred and five, you can do the maths about
a five times upgrade. Well, the question that you would ask is how many cubits would you need to get to become a threat to bitcoin. Well, what we can see again, there's two different types of encryption. But for the elliptical curve, for the Digno digital signature, we're going to need about ten thousand million cubits. The same for Show two fifty six we need one thousand to fifteen hundred logical, but the physical would need to be somewhere
between one thousand to ten thousand per logical cubit. So basically we're we've already five x in a decade, but now we're going to need to go way beyond that. So what does that mean as far as timeframe, Well, based off of this, knowing that things don't move linear, they probably move exponentially, we're somewhere in the ten to twenty year range before it becomes a threat to bitcoin.
Now again, it gives this ten to twenty years, which is a big range because it could move exponentially, but we're already aware of this and we can already start to move in an orderly fashion. Okay, So just summarizing this for you for Bitcoin's future in regards to quantum computing and the risk that's there. Number one, Yes, quantum computing is it's coming. It's actually here, right, So it's here, but it's going to take time to evolve somewhere. Like
I said, ten to twenty years, and we can move ahead. Again, Bitcoin's designed to adapt and to evolve in this and again we have this timeframe, so all the developers are already working on solutions for this, which will be in place well before this happens. Okay, so that's it for bitcoin. But the one thing that I would always say to anybody would ask me about what about quantum computing destroying bitcoin? As I'd say, well, there's probably plenty of other high
value targets they could go after. So why go after the small little asset like bitcoin which is now about two tillion dollars when you can go after the world like national security, toppling governments? What about Department of Defense? What about taking over the military, the weapons, the nuclear weapons,
all of that. What about central banks, I mean printing yourself unlimited amounts of money and credit or Wall Street the finance you know, traditional banking, wiping out loans, giving yourself loans, etc. And of course there's corporate espionage and all that, and I want to show you some examples of that. But just real quick going back to bitcoin for a second, thinking about game theory playing out, why would somebody first, who would they be and why would
they want to attack bitcoin? Well, you could say I'd be the governments want to shut it down. But with the United States, Russia, China all moving to now adopt bitcoin. I don't think they would do that. So then you would say, well, it would be some high level crook that would want to steal a lot of the bitcoin. Well, number one, they'd make way more money attacking one of
these other networks, but more important than number two. If they did that and they you know, hacked into bitcoin wallets or whatever, and they stole a bunch of bitcoin, they'd basically make all that bitcoin they just sold worthless because if you could have the bitcoin network, then it would make it worthless because it's all about the security they have, and so by hacking into it and stealing it becomes worthless. They'd be much better off doing some
of these other high value targets. And let's take a look at that. We can already see even without quantum computing, and how big of a problem this is. So I'll tell you how big it will be in the future. We can see fintech. Forty five of the top fifty banks have already confirmed being hacked and having their data stolen. Forty five of the top fifty banks they cannot keep their network secure. Let's talk about some of the biggest ones we've had in recent time. You might remember Equifax.
It was one of the largest breaches in US histrius is twenty seventeen, one hundred and forty three million people, about almost half the population of the United States were affected. And what did they get? They got everything social security numbers, birth dates, addresses, driver's license, everything you need to go set up credit in somebody's name for one hundred and
forty three million people. Honeypots. First American Financial Corporation twenty nineteen, eight hundred and eighty five million records, eight hundred eighty five that's multiple times the size the United States. Again, solid security numbers, mortgage paperwork, all the things you need to go set of credit in somebody else's name. Honey Pots. That's worth way more money. What about this? We have another really big one back here NPD National Public Data
twenty twenty four This was very recently. Two point nine billion, two point nine billion personal records exposed, names, addresses, birthdate, SoC security numbers, nearly every American. Again, that's important data. Yahoo breaches twenty thirteen, twenty fourteen, three billion, five hundred million. This is a big one, most important one. I think this is the biggest one in history. Is called CAM four breach. This happened in twenty twenty ten point eight
billion records, almost eleven billion records. I didn't know what this one was. I had to go look it up, and it's the largest data breach in history, a number of records, and this is one of the largest adult websites, and they got people's sexual preferences and browsing history and emails. I mean, this led to a massive problem for people
that use those things, and lots of other breaches. But if you think that's bad, not just all of those equifacts, not just adult websites, not just NDB public records, not just that. How about supposedly the number one hacking companies, supposedly the safest computer network in the world. I'm talking about the NSA themself. The US Security Agency were hacked, it says here shadow brokers leak raised alarming questions. Was the NSA hacked? And the answer is yes, it was,
And so every single computer network is being hacked. The NSA was hacked. Bitcoin can't be. So if quantum quantum computer it is here, which I already showed you it is, there's a big problem. And so we have all of our infrastructures risks from water systems, to energy systems, to weapons systems, to banking systems. Everything has at risk right now, and so this is opening up a massive problem as
well as a math for opportunity. Now I want to go into a sponsored part of this video here talk about a sponsor, but this is to highlighting a big potential opportunity. Okay, So with quantum computing already here again it's about one billion times faster than regular computing, they're now able to crack all the security, guessing people's passwords. Basically they could break into any database. So now cybersecurity
needs to be upgraded. It's sort of like the race with viruses, right, So a new virus comes out, we need to update our antivirus software. And so now if we have new hacking tools, we have to upgrade the tools we'd use to prevent the hackers from getting in. So cybersecurity is we upgraded and this is coming down really fast. Mackenzie and Company the largest consulting company in the world. They predict two trillion dollars is coming just to this sector within the next couple of years. What
is that quantum proof or encryption? Quantum proofing. Here's a chart you can see right here. If you think crypto is big, you think AI was big, this is quantum computing stocks right now. Quantum computing stocks are absolutetely flying right now because of this, and we can see right here. Think about it like in terms of this, Forget meme coins, crypto meme cooins, forget hype supercycles. This is a quantum supercycle. Okay, so think about this. A trillion dollar asset class within
a decade. So right now, Bitcoin just hit two trillion dollars. Okay, that's fifteen years it took Bitcoin to get to two trillion dollars. But mackenzie is saying they're forecasting multi trillion dollars for quantum in just a couple of years. The quantum industry is priced just one tenth of the valueless memes and one half of Tier two. So right now quantum isn't anywhere close to meme coins or bitcoin or
any of that. But McKenzie is saying over two trillion dollars is coming in in the next couple of years. That will make this asset class way bigger than any of the meme coins or things like that. And so scope technologies entering in that space, helping companies create more secure encryption for their passwords. We'll show you how that works in just a second. Okay, Now, as far as the company goes, it was founded by Sean Prescott. He's a former Swiss intelligence He comes from what they call
the Swift Swiss NSA. Hopefully they're a little bit ler than the US and NSA that got hacked, and they're the first to offer this quantum security. So this is like first to market taking a product to the market that's super hot right now. And basically what they do is they create one hundred percent quantum resistant encryption keys. And so basically right now is usually a last pass or some password manager to create this twelve character password, but it was created by some sort of an algorithm
which makes it very easy to track. And so what Scope Technology is doing is giving you a way to upgrade those passwords right now or allow companies to use this new type of encrypted passwords. So as this quantum computing is getting released, you're not at risk all right. So what Scope Technologies is doing is sitting at the forefront of this and what we're seeing is there's a complete frenzy of m and a mergers and acquisition activity
going on the space. As I showed you, some of these stocks in the quantum space are going up astronomically because everybody realizes now that Google willill release his chip, they better do something about it. Lots of mergers and acquisitions happen in the space. Google as a matter of fact, acquired a company called Whiz for twenty three billion dollars. Like it's a race. It's like a space race, so
to speak. So Scope is now ready. They already have this product to roll out right now with quantum encryption keys which are basically random key. So right now, if you're using a password key generator, it's coming from some sort of a program. It's not randomized, and that's a problem.
So for example, if you used hopefully you don't something as simple as like password one, two three, for example, it would take that and it would translate it into like a thousand character key, something long like this, even longer, right, I had to truncate it for this, and so it will create that randomized it'll be so long that even the new quantum computers won't be able to crack that. So look, I'm not saying to go buy Scope This is a sponsored video, but I want to highlight this
problem and I want to highlight this opportunity. Quantum computing is here right now, Quantum computing stocks are flying through the roof. Quantum Computing is scheduled per mackenzie, to get two trillion dollars dumped in, which would make it bigger than crypto, make it bigger than everything growing fast. And if you don't buy this, at least put it on your watch list and pay attention to what's going on because quantum computing is here, it's going to be accelerating
really rapidly. Your bitcoin is not at risk, but every other computer network is. All right, that's what I got. Hopefully enjoyed this video. Let me know what you think in the comments down below. Give me a like if you liked it, and that's what I got. Right to your success, I'm out