Speaker 1: A new player has entered the game, and it's called
Speaker 1: the Willow Quantum chip. It's Google's latest breakthrough in computing power.
Speaker 1: Now the internet is a blaze with one question. Could
Speaker 1: this quantum machine destroy bitcoin? And why stop there? What
Speaker 1: about higher value targets, central banks, Department of Defense, corporations
Speaker 1: or more. Well, the headlines are terrifying, the debates online
Speaker 1: are pretty heated. In the stakes well, of course they're
Speaker 1: higher than ever. But what if I told you the
Speaker 1: truth is actually far more fascinating. In this video, I'm
Speaker 1: going to break down what Google Willow chip really is.
Speaker 1: We'll talk about the potential risks that opposes to bitcoin.
Speaker 1: If you're holding bitcoin, should you be worried? And we're
Speaker 1: going to look at other infrastructure that's at risk as well. Now,
Speaker 1: real quick, my name is Mark Boss. I've been making
Speaker 1: bitcoin content for over eight years. I'm a bitcoin focused
Speaker 1: venture capital investor, and in this video I'm going to
Speaker 1: share some of the same insights that I've learned and
Speaker 1: we use every single day. So let's go all right now,
Speaker 1: I've been making content specifically for bitcoin for now over
Speaker 1: eight years. And if I had just one dollar for
Speaker 1: every single time somebody told me, yeah, but quantum computing
Speaker 1: is going to destroy the whole thing. Well, I'd probably
Speaker 1: have well enough to buy one whole bitcoin. I've been
Speaker 1: asked that question a lot, and I would typically answer
Speaker 1: something like, yeah, well what about aliens? They could come
Speaker 1: destroy the world tomorrow too, if you want to deal
Speaker 1: with hypotheticals, because there is no quantum computing, right, that's
Speaker 1: my typical answer. But the ANSWER's changed because now quantum
Speaker 1: computing is here. So now rather than having to answer,
Speaker 1: you know, answer some hypothetical in the future, maybe threat
Speaker 1: like an astroid destroying the earth, now we have a
Speaker 1: real thing. So let's talk about that for a minute,
Speaker 1: because now let me answer this question for once and all,
Speaker 1: and then when people ask me all this said, then
Speaker 1: the video. Okay, so introducing Google's new Willow chip. Like
Speaker 1: I said, the first real quantum computing that we've had,
Speaker 1: the first real threat we have to break encryption, including
Speaker 1: the potentially Bitcoin's encryption. Okay, So, first of all, they've
Speaker 1: been working on this in a long time. Mule has
Speaker 1: basically cracked a thirty year challenge. They've been working on
Speaker 1: this for a really long time. Now, what quantum computing
Speaker 1: does is it allows computers to be way more powerful
Speaker 1: and allows them to process way more transaction. So if
Speaker 1: a computer is trying to guess a password, for example,
Speaker 1: like your typical twelve character password that might have one
Speaker 1: capital letter and one character, it could take a regular computer, right,
Speaker 1: don't on something like thirty five thousand years, but a
Speaker 1: quantum computer, because it could try so much faster, could
Speaker 1: break it in minutes potentially. Okay, So they've been working
Speaker 1: on this for over thirty years now. What they've been
Speaker 1: able to do, the breakthrough that they've had is as
Speaker 1: this quantum computer is processing transactions, it's able to reduce
Speaker 1: the errors, and because of that, they're able to scale
Speaker 1: these cubits. Okay, so this is sort of how they
Speaker 1: measure the speed and the processing power of these quantum computers.
Speaker 1: So this quantum computer is so fast it could crack
Speaker 1: a code in about five minutes that would take a
Speaker 1: regular computer ten septillion years. I don't even know what
Speaker 1: that is. Ten sip tillion years, which is ten to
Speaker 1: twenty fifth power or basically looks like this that many
Speaker 1: zeros haven't added them up. It's a really long time,
Speaker 1: ten million years. So this is a really fast innovation
Speaker 1: that Google's been able to do. Okay, so the question
Speaker 1: is then what will they do with this new power,
Speaker 1: and is it a threat to bitcoin and is it
Speaker 1: a threat to encryption overall. Let's break that down. So
Speaker 1: the first thing is we have to understand that bitcoin
Speaker 1: represents an entire shift in the way technology is built.
Speaker 1: You can be talk about this regularly if you watch
Speaker 1: my videos talking about the decentralized revolution. So what we
Speaker 1: have is that basically all of our databases experience Amazon,
Speaker 1: your bank, the central bank, cent they're all centralized databases.
Speaker 1: All the data sits in one central database and it's controlled,
Speaker 1: it's protected by the cybersecurity team. Versus Bitcoin has now
Speaker 1: introduced a decentralized database. And so really what we're witnessing
Speaker 1: is centralization versus decentralization. Now, besides the main aspect of
Speaker 1: one database versus many databases, we have different types of encryption.
Speaker 1: But let me just break down the centralized versus decentralized.
Speaker 1: So this is what's going on. The Internet actually started
Speaker 1: as a very decentralized ecosystem. As a matter of fact,
Speaker 1: when I launched my first internet business back in nineteen
Speaker 1: ninety nine, I had to have a server in my
Speaker 1: office with my own servers with raid hot, swappable hard drives,
Speaker 1: et cetera. Because there was no Amazon Cloud, there was
Speaker 1: nothing like that, so I had to run my own server.
Speaker 1: So at that time, the Internet was very decentralized. Everybody
Speaker 1: ran their own database right and uploaded directly to the cloud.
Speaker 1: But since then, what's happened as the Internet got very centralized.
Speaker 1: So now you log in with your Facebook ID or
Speaker 1: your Google ID. Everything sits on the Amazon Cloud. Everything
Speaker 1: runs through our Gmail or Google right, and so everything
Speaker 1: got centralized. The problem with centralized systems is we see
Speaker 1: how they're prone to fraud, manipulation, also break ins. We'll
Speaker 1: talk about that in a minute. Now, what we can
Speaker 1: see is where we're at as centralized systems are now
Speaker 1: starting to go down for many reasons I'm going to
Speaker 1: break down for you, and we're starting to see the
Speaker 1: rise now of decentralized systems. And so it's going to
Speaker 1: be a massive paradigm shift that will happen over the
Speaker 1: next twenty five thirty years. I talk about this quite often,
Speaker 1: but to break this down again, centralized versus de centralized again,
Speaker 1: So you have one database, your bank, Amazon experience, et cetera.
Speaker 1: And think of it like this, Like if you had
Speaker 1: one billion dollars in one bank, that's a really big target.
Speaker 1: There's a lot of people that would potentially break into
Speaker 1: that bank try to crack the code of that bank
Speaker 1: to get that billion dollars. But if I had a
Speaker 1: billion banks with one dollar each, what's the point. It's
Speaker 1: way too much work for me to go to each
Speaker 1: bank one by one and one and break into them
Speaker 1: to get one dollar at a time. A billion times
Speaker 1: that wouldn't do it. And that's the difference of centralized
Speaker 1: versus decentralized systems now in bitcoins specifically, that's dig into this.
Speaker 1: There's different types of encryption. So when you think of experience,
Speaker 1: and I'm going to talk about all some of the
Speaker 1: biggest breaks and as a matter of fact, the biggest database,
Speaker 1: most secure database in the world, was hacked. I'm going
Speaker 1: to tell you what that was in a second. We
Speaker 1: have to understand that all of the so centralized systems
Speaker 1: run a different type of encryption than bitcoin. So first'll
Speaker 1: talk about bitcoin, then we'll get to the rest. So
Speaker 1: a couple ways to think about this encryption. So database encryption,
Speaker 1: your typical database uses symmetric encryption algorithms like AES for example,
Speaker 1: advanced encryption standards. Now Bitcoin uses different encryption as a
Speaker 1: matter of fact that it uses two different types of encryption,
Speaker 1: and this primarily uses asymmetric cryptography. All right, So there's
Speaker 1: elliptical curve and there's Shaw two fifty six. Let me
Speaker 1: break those down for you, just so you can understand.
Speaker 1: I'm not going to go super deep into the weeds here.
Speaker 1: I want to give you the base information so you
Speaker 1: can understand this and at least sound intelligent if you
Speaker 1: want to have a conversation, and if you want go
Speaker 1: research this. If you're a computer nerd, you can go
Speaker 1: research this a little bit more. Okay, So the first
Speaker 1: thing is there's there's different parts of the Bitcoin network itself.
Speaker 1: There's Bitcoin the network, and there's Bitcoin the asset that
Speaker 1: moves on the network. And the Bitcoin network itself uses
Speaker 1: mining computers to process transactions. This is hashing, right, and
Speaker 1: then there's the transactions themselves, more of the nodes. We'll
Speaker 1: talk about that in a second. So the first is
Speaker 1: we have Bitcoin protocol and it uses the Shaw two
Speaker 1: fifty six. You might have heard of this before. This
Speaker 1: is for all hashing operations. So for the bitcoin mining,
Speaker 1: the processing computers to process the transactions, they mark them
Speaker 1: as a hash that's now saved in time in this
Speaker 1: block for everyone to see. All right. This is what
Speaker 1: we call proof of work, a proof of work mechanism.
Speaker 1: In order for a miner to submit a block to
Speaker 1: the network, the hash of the block must be below
Speaker 1: a certain threshold. So it's basically trying to figure out
Speaker 1: this code and if it gets that, then it will
Speaker 1: put that hash into the blockchain. All right. So for
Speaker 1: that we're using Shaw two fifty six encryption, all right.
Speaker 1: But we have another type of encryption as well, and
Speaker 1: this is for the signatory part. Okay, so for digital
Speaker 1: signatures and for bitcoin we use something else, and this
Speaker 1: is called a ec DSA, which is an elliptical curve cryptography.
Speaker 1: Let me, let me give you an analogy that maybe
Speaker 1: this will make sense for you. So with bitcoin and cryptocurrency,
Speaker 1: you never actually like download a coin. What you think
Speaker 1: of is like think of the blockchain, which is a database.
Speaker 1: Think of a blockchain database as like a digital locker system. Okay,
Speaker 1: and so like you have a public address of your locker,
Speaker 1: say C nineteen and I could say, hey, would you
Speaker 1: go to my locker and you know, slide that envelope
Speaker 1: into my locker for me. So I've given you my
Speaker 1: public address of the locker CE nineteen. You can go
Speaker 1: and put something into the locker. Everybody can see the locker.
Speaker 1: Everybody knows they're C nineteen right there. But then I
Speaker 1: have a private key where I could open the locker
Speaker 1: and get that envelope out and I can put into
Speaker 1: another one. And that's basically the way the blockchain database
Speaker 1: works as well. So we have a public address that
Speaker 1: everybody can see, and we can hash into those and
Speaker 1: people can see transactions from them. It's open, it's transparent.
Speaker 1: But then I have the private key to then move
Speaker 1: bitcoin from one wallet address to another wallet address, and
Speaker 1: so that's what we're talking about. So in order to
Speaker 1: move that bitcoin, I have to sign it. I have
Speaker 1: to give it my digital signature, and we're using a
Speaker 1: signature algorithm elliptical curve, and this allows a private key
Speaker 1: to sign any type of message. Digital signatures are frequently
Speaker 1: used to sign transactions and to send the bitcoin. Okay,
Speaker 1: So that's how it works. Now, the signature is published
Speaker 1: to the blockchain, so that any member of the Bitcoin
Speaker 1: network can verify it's transparent, so anyone can see this.
Speaker 1: We say, don't trust verify. Any member can verify that
Speaker 1: the signature, the public key, and the message match. So
Speaker 1: now we can achieve consensus. The whole network can agree
Speaker 1: that this happened because it's visible. Bitcoin is purely peer
Speaker 1: to peer, so it's moving from one wallet address to another,
Speaker 1: from my wallet to your wallet directly without going through
Speaker 1: an intermediary. Although miners process each transaction, they're unable to
Speaker 1: produce the valid signature for other people's bitcoins. So the
Speaker 1: miners are able to put the hash in the blockchain,
Speaker 1: but then you, with your private key, can sign that
Speaker 1: transaction to complete it. So those are the two different
Speaker 1: types of an decryption, and they are very difficult to correct.
Speaker 1: Let me give you a visual way this works. So
Speaker 1: this is private knowledge right here, says the private key.
Speaker 1: Only I would have the key to open my locker
Speaker 1: CE nineteen and the message. But this is all what's
Speaker 1: public knowledge. So the public key, that's C nineteen. Everybody
Speaker 1: knows the locker address, the address of that blockchain address.
Speaker 1: We have the signature, everybody would know that I signed it,
Speaker 1: and we would see the message hash going into the
Speaker 1: signature verification, so everybody can verify all of this. But
Speaker 1: again I only have my private key. Sorry, if this
Speaker 1: is elementary for some of you, and maybe this is
Speaker 1: over your head for some of the other of you.
Speaker 1: If you're more interested in this, again, there's a ton
Speaker 1: of resources. Just go google it. You can find that. Okay.
Speaker 1: So to understand if this quantum computing is really a
Speaker 1: threat to bitcoin, we want to go back in time
Speaker 1: a little bit. So we can go back to when
Speaker 1: bitcoin originated, back in like two thousand and nine, when
Speaker 1: on the message boards we had Satoshi interacting with other developers,
Speaker 1: and in those early messages we can see that Satoshi
Speaker 1: actually envisioned something like this happening and being becoming a problem.
Speaker 1: So we can see here on the message board Satoshi
Speaker 1: a founding senior member. This message is June fourteenth of
Speaker 1: twenty ten. So at that time, when Bitcoin was just
Speaker 1: coming out being introduced, they already were asking but what
Speaker 1: about quantum computing? The same questions have been asked, you
Speaker 1: know whatever, one hundred thousand times. Now at the time
Speaker 1: they didn't have quantum computing. But here's what Satoshi said.
Speaker 1: He said that SHAW two fifty six from the bitcoin
Speaker 1: hashing encryption. SHAW fifty six is very strong, he said,
Speaker 1: It's not like the incremental step from MD five to
Speaker 1: SHOT one. It can last several decades. This is in
Speaker 1: twenty ten. He said that unless there's some massive breakthrough attack,
Speaker 1: which there hasn't been, if SHAW two fifty six became
Speaker 1: completely broken, which potentially could happen with Willow and I'm
Speaker 1: going to tell you what that timeframe looks like. If
Speaker 1: it becomes completely broken, we could come to some agreement
Speaker 1: about what the honest blockchain was before the trouble starts guarded,
Speaker 1: and then we could continue from there. Hey, small business owner,
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Speaker 1: the hash breakdown came gradually, so at this point, it's
Speaker 1: coming gradually. Again, I'll give you that time for a minute.
Speaker 1: If it comes gradually, which it is, we could then
Speaker 1: transition to a new hash in an orderly way. So
Speaker 1: already in twenty ten, they were being asked what about
Speaker 1: quantum computing, and they said, hey, well cool, when we
Speaker 1: have quantum computing that could break this encryption, then we
Speaker 1: can also use it to create a new encryption style.
Speaker 1: You see. So he was already predicting this, and so
Speaker 1: these developers were already thinking about this. Now let's talk
Speaker 1: about the timeframe. So the main takeaway is one they
Speaker 1: started to think about this right away. Number two, Bitcoin,
Speaker 1: as this decentralized technology was designed to evolve. We don't
Speaker 1: know what's going to happen over the next one hundred years,
Speaker 1: the next thousand years, but Bitcoin was designed to evolve
Speaker 1: with those times. Now, the developers have been aware of
Speaker 1: this for a really long time, as I said, back
Speaker 1: to twenty ten. But again, how fast is this coming?
Speaker 1: Could it catch them off guard? Like he said, even
Speaker 1: if it did, we could do something about it. But
Speaker 1: also if we have more time, we can do it orderly. Okay, Well,
Speaker 1: here's Google's timeline. Here's a timeline of Google's quantum processors,
Speaker 1: including their release yars and cubits. So remember the cubit
Speaker 1: measures how powerful that quantum computing it is. So they
Speaker 1: had foxtail in twenty sixteen, it was twenty two today,
Speaker 1: let's just fast forward to Willow twenty twenty four one
Speaker 1: hundred and five cubits, which okay, from twenty two to
Speaker 1: one hundred and five, you can do the maths about
Speaker 1: a five times upgrade. Well, the question that you would
Speaker 1: ask is how many cubits would you need to get
Speaker 1: to become a threat to bitcoin. Well, what we can
Speaker 1: see again, there's two different types of encryption. But for
Speaker 1: the elliptical curve, for the Digno digital signature, we're going
Speaker 1: to need about ten thousand million cubits. The same for
Speaker 1: Show two fifty six we need one thousand to fifteen
Speaker 1: hundred logical, but the physical would need to be somewhere
Speaker 1: between one thousand to ten thousand per logical cubit. So
Speaker 1: basically we're we've already five x in a decade, but
Speaker 1: now we're going to need to go way beyond that.
Speaker 1: So what does that mean as far as timeframe, Well,
Speaker 1: based off of this, knowing that things don't move linear,
Speaker 1: they probably move exponentially, we're somewhere in the ten to
Speaker 1: twenty year range before it becomes a threat to bitcoin.
Speaker 1: Now again, it gives this ten to twenty years, which
Speaker 1: is a big range because it could move exponentially, but
Speaker 1: we're already aware of this and we can already start
Speaker 1: to move in an orderly fashion. Okay, So just summarizing
Speaker 1: this for you for Bitcoin's future in regards to quantum
Speaker 1: computing and the risk that's there. Number one, Yes, quantum
Speaker 1: computing is it's coming. It's actually here, right, So it's here,
Speaker 1: but it's going to take time to evolve somewhere. Like
Speaker 1: I said, ten to twenty years, and we can move ahead. Again,
Speaker 1: Bitcoin's designed to adapt and to evolve in this and
Speaker 1: again we have this timeframe, so all the developers are
Speaker 1: already working on solutions for this, which will be in
Speaker 1: place well before this happens. Okay, so that's it for bitcoin.
Speaker 1: But the one thing that I would always say to
Speaker 1: anybody would ask me about what about quantum computing destroying bitcoin?
Speaker 1: As I'd say, well, there's probably plenty of other high
Speaker 1: value targets they could go after. So why go after
Speaker 1: the small little asset like bitcoin which is now about
Speaker 1: two tillion dollars when you can go after the world
Speaker 1: like national security, toppling governments? What about Department of Defense?
Speaker 1: What about taking over the military, the weapons, the nuclear weapons,
Speaker 1: all of that. What about central banks, I mean printing
Speaker 1: yourself unlimited amounts of money and credit or Wall Street
Speaker 1: the finance you know, traditional banking, wiping out loans, giving
Speaker 1: yourself loans, etc. And of course there's corporate espionage and
Speaker 1: all that, and I want to show you some examples
Speaker 1: of that. But just real quick going back to bitcoin
Speaker 1: for a second, thinking about game theory playing out, why
Speaker 1: would somebody first, who would they be and why would
Speaker 1: they want to attack bitcoin? Well, you could say I'd
Speaker 1: be the governments want to shut it down. But with
Speaker 1: the United States, Russia, China all moving to now adopt bitcoin.
Speaker 1: I don't think they would do that. So then you
Speaker 1: would say, well, it would be some high level crook
Speaker 1: that would want to steal a lot of the bitcoin. Well,
Speaker 1: number one, they'd make way more money attacking one of
Speaker 1: these other networks, but more important than number two. If
Speaker 1: they did that and they you know, hacked into bitcoin
Speaker 1: wallets or whatever, and they stole a bunch of bitcoin,
Speaker 1: they'd basically make all that bitcoin they just sold worthless
Speaker 1: because if you could have the bitcoin network, then it
Speaker 1: would make it worthless because it's all about the security
Speaker 1: they have, and so by hacking into it and stealing
Speaker 1: it becomes worthless. They'd be much better off doing some
Speaker 1: of these other high value targets. And let's take a
Speaker 1: look at that. We can already see even without quantum computing,
Speaker 1: and how big of a problem this is. So I'll
Speaker 1: tell you how big it will be in the future.
Speaker 1: We can see fintech. Forty five of the top fifty
Speaker 1: banks have already confirmed being hacked and having their data stolen.
Speaker 1: Forty five of the top fifty banks they cannot keep
Speaker 1: their network secure. Let's talk about some of the biggest
Speaker 1: ones we've had in recent time. You might remember Equifax.
Speaker 1: It was one of the largest breaches in US histrius
Speaker 1: is twenty seventeen, one hundred and forty three million people,
Speaker 1: about almost half the population of the United States were affected.
Speaker 1: And what did they get? They got everything social security numbers,
Speaker 1: birth dates, addresses, driver's license, everything you need to go
Speaker 1: set up credit in somebody's name for one hundred and
Speaker 1: forty three million people. Honeypots. First American Financial Corporation twenty nineteen,
Speaker 1: eight hundred and eighty five million records, eight hundred eighty
Speaker 1: five that's multiple times the size the United States. Again,
Speaker 1: solid security numbers, mortgage paperwork, all the things you need
Speaker 1: to go set of credit in somebody else's name. Honey Pots.
Speaker 1: That's worth way more money. What about this? We have
Speaker 1: another really big one back here NPD National Public Data
Speaker 1: twenty twenty four This was very recently. Two point nine billion,
Speaker 1: two point nine billion personal records exposed, names, addresses, birthdate,
Speaker 1: SoC security numbers, nearly every American. Again, that's important data.
Speaker 1: Yahoo breaches twenty thirteen, twenty fourteen, three billion, five hundred million.
Speaker 1: This is a big one, most important one. I think
Speaker 1: this is the biggest one in history. Is called CAM
Speaker 1: four breach. This happened in twenty twenty ten point eight
Speaker 1: billion records, almost eleven billion records. I didn't know what
Speaker 1: this one was. I had to go look it up,
Speaker 1: and it's the largest data breach in history, a number
Speaker 1: of records, and this is one of the largest adult websites,
Speaker 1: and they got people's sexual preferences and browsing history and emails.
Speaker 1: I mean, this led to a massive problem for people
Speaker 1: that use those things, and lots of other breaches. But
Speaker 1: if you think that's bad, not just all of those equifacts,
Speaker 1: not just adult websites, not just NDB public records, not
Speaker 1: just that. How about supposedly the number one hacking companies,
Speaker 1: supposedly the safest computer network in the world. I'm talking
Speaker 1: about the NSA themself. The US Security Agency were hacked,
Speaker 1: it says here shadow brokers leak raised alarming questions. Was
Speaker 1: the NSA hacked? And the answer is yes, it was,
Speaker 1: And so every single computer network is being hacked. The
Speaker 1: NSA was hacked. Bitcoin can't be. So if quantum quantum
Speaker 1: computer it is here, which I already showed you it is,
Speaker 1: there's a big problem. And so we have all of
Speaker 1: our infrastructures risks from water systems, to energy systems, to
Speaker 1: weapons systems, to banking systems. Everything has at risk right now,
Speaker 1: and so this is opening up a massive problem as
Speaker 1: well as a math for opportunity. Now I want to
Speaker 1: go into a sponsored part of this video here talk
Speaker 1: about a sponsor, but this is to highlighting a big
Speaker 1: potential opportunity. Okay, So with quantum computing already here again
Speaker 1: it's about one billion times faster than regular computing, they're
Speaker 1: now able to crack all the security, guessing people's passwords.
Speaker 1: Basically they could break into any database. So now cybersecurity
Speaker 1: needs to be upgraded. It's sort of like the race
Speaker 1: with viruses, right, So a new virus comes out, we
Speaker 1: need to update our antivirus software. And so now if
Speaker 1: we have new hacking tools, we have to upgrade the
Speaker 1: tools we'd use to prevent the hackers from getting in.
Speaker 1: So cybersecurity is we upgraded and this is coming down
Speaker 1: really fast. Mackenzie and Company the largest consulting company in
Speaker 1: the world. They predict two trillion dollars is coming just
Speaker 1: to this sector within the next couple of years. What
Speaker 1: is that quantum proof or encryption? Quantum proofing. Here's a
Speaker 1: chart you can see right here. If you think crypto
Speaker 1: is big, you think AI was big, this is quantum
Speaker 1: computing stocks right now. Quantum computing stocks are absolutetely flying
Speaker 1: right now because of this, and we can see right here.
Speaker 1: Think about it like in terms of this, Forget meme coins,
Speaker 1: crypto meme cooins, forget hype supercycles. This is a quantum supercycle. Okay,
Speaker 1: so think about this. A trillion dollar asset class within
Speaker 1: a decade. So right now, Bitcoin just hit two trillion dollars. Okay,
Speaker 1: that's fifteen years it took Bitcoin to get to two
Speaker 1: trillion dollars. But mackenzie is saying they're forecasting multi trillion
Speaker 1: dollars for quantum in just a couple of years. The
Speaker 1: quantum industry is priced just one tenth of the valueless
Speaker 1: memes and one half of Tier two. So right now
Speaker 1: quantum isn't anywhere close to meme coins or bitcoin or
Speaker 1: any of that. But McKenzie is saying over two trillion
Speaker 1: dollars is coming in in the next couple of years.
Speaker 1: That will make this asset class way bigger than any
Speaker 1: of the meme coins or things like that. And so
Speaker 1: scope technologies entering in that space, helping companies create more
Speaker 1: secure encryption for their passwords. We'll show you how that
Speaker 1: works in just a second. Okay, Now, as far as
Speaker 1: the company goes, it was founded by Sean Prescott. He's
Speaker 1: a former Swiss intelligence He comes from what they call
Speaker 1: the Swift Swiss NSA. Hopefully they're a little bit ler
Speaker 1: than the US and NSA that got hacked, and they're
Speaker 1: the first to offer this quantum security. So this is
Speaker 1: like first to market taking a product to the market
Speaker 1: that's super hot right now. And basically what they do
Speaker 1: is they create one hundred percent quantum resistant encryption keys.
Speaker 1: And so basically right now is usually a last pass
Speaker 1: or some password manager to create this twelve character password,
Speaker 1: but it was created by some sort of an algorithm
Speaker 1: which makes it very easy to track. And so what
Speaker 1: Scope Technology is doing is giving you a way to
Speaker 1: upgrade those passwords right now or allow companies to use
Speaker 1: this new type of encrypted passwords. So as this quantum
Speaker 1: computing is getting released, you're not at risk all right.
Speaker 1: So what Scope Technologies is doing is sitting at the
Speaker 1: forefront of this and what we're seeing is there's a
Speaker 1: complete frenzy of m and a mergers and acquisition activity
Speaker 1: going on the space. As I showed you, some of
Speaker 1: these stocks in the quantum space are going up astronomically
Speaker 1: because everybody realizes now that Google willill release his chip,
Speaker 1: they better do something about it. Lots of mergers and
Speaker 1: acquisitions happen in the space. Google as a matter of fact,
Speaker 1: acquired a company called Whiz for twenty three billion dollars.
Speaker 1: Like it's a race. It's like a space race, so
Speaker 1: to speak. So Scope is now ready. They already have
Speaker 1: this product to roll out right now with quantum encryption
Speaker 1: keys which are basically random key. So right now, if
Speaker 1: you're using a password key generator, it's coming from some
Speaker 1: sort of a program. It's not randomized, and that's a problem.
Speaker 1: So for example, if you used hopefully you don't something
Speaker 1: as simple as like password one, two three, for example,
Speaker 1: it would take that and it would translate it into
Speaker 1: like a thousand character key, something long like this, even longer, right,
Speaker 1: I had to truncate it for this, and so it
Speaker 1: will create that randomized it'll be so long that even
Speaker 1: the new quantum computers won't be able to crack that.
Speaker 1: So look, I'm not saying to go buy Scope This
Speaker 1: is a sponsored video, but I want to highlight this
Speaker 1: problem and I want to highlight this opportunity. Quantum computing
Speaker 1: is here right now, Quantum computing stocks are flying through
Speaker 1: the roof. Quantum Computing is scheduled per mackenzie, to get
Speaker 1: two trillion dollars dumped in, which would make it bigger
Speaker 1: than crypto, make it bigger than everything growing fast. And
Speaker 1: if you don't buy this, at least put it on
Speaker 1: your watch list and pay attention to what's going on
Speaker 1: because quantum computing is here, it's going to be accelerating
Speaker 1: really rapidly. Your bitcoin is not at risk, but every
Speaker 1: other computer network is. All right, that's what I got.
Speaker 1: Hopefully enjoyed this video. Let me know what you think
Speaker 1: in the comments down below. Give me a like if
Speaker 1: you liked it, and that's what I got. Right to
Speaker 1: your success, I'm out