1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:42,000 Speaker 1: National Association Member FDIC. 13 00:00:44,600 --> 00:00:45,279 Speaker 2: Erness What's Up? 14 00:00:45,360 --> 00:00:47,839 Speaker 1: You ever walk into a small business and everything just 15 00:00:47,960 --> 00:00:51,159 Speaker 1: works like the checkout is fast, the receipts are digital, 16 00:00:51,680 --> 00:00:54,640 Speaker 1: tipping is a breeze, and you're out the door before 17 00:00:54,680 --> 00:00:58,840 Speaker 1: the line even builds. Odds are they're using Square? We 18 00:00:58,960 --> 00:01:01,520 Speaker 1: love supporting business that run on Square because it just 19 00:01:01,560 --> 00:01:04,800 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 20 00:01:04,840 --> 00:01:07,080 Speaker 1: at a pop up market, or even one of our 21 00:01:07,160 --> 00:01:10,800 Speaker 1: merch partners. Square makes it easy for them to take payments, 22 00:01:11,040 --> 00:01:14,760 Speaker 1: manage inventory, and run their business with confidence, all from 23 00:01:14,840 --> 00:01:18,240 Speaker 1: one simple system. If you're a business owner or even 24 00:01:18,360 --> 00:01:21,880 Speaker 1: just thinking about launching something soon, Square is hands down 25 00:01:21,880 --> 00:01:24,199 Speaker 1: one of the best tools out there to help you start, 26 00:01:24,600 --> 00:01:28,200 Speaker 1: run and grow. It's not just about payments, it's about 27 00:01:28,200 --> 00:01:30,640 Speaker 1: giving you time back so you can focus on. 28 00:01:30,560 --> 00:01:32,000 Speaker 2: What matters most ready. 29 00:01:32,040 --> 00:01:35,399 Speaker 1: To see how Square can transform your business, visit Square 30 00:01:35,480 --> 00:01:40,000 Speaker 1: dot com backslash go backslash eyl to learn more that 31 00:01:40,200 --> 00:01:45,640 Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 32 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 33 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 34 00:01:51,640 --> 00:01:55,160 Speaker 3: Quantum computing something that's been getting live attention lately. Yeah, 35 00:01:55,240 --> 00:01:57,440 Speaker 3: you know, they said, a quantum computers. These things actually 36 00:01:57,560 --> 00:02:00,360 Speaker 3: can solve in minutes what a regular computer takes one 37 00:02:00,440 --> 00:02:04,400 Speaker 3: million years to solve. It's not really at full capacity yet, 38 00:02:04,400 --> 00:02:07,000 Speaker 3: they said, over the next five years, maybe ten years, 39 00:02:07,240 --> 00:02:09,480 Speaker 3: it'll be like but you have to keep it in 40 00:02:09,520 --> 00:02:15,280 Speaker 3: the coldest conditions known to human and their complex computers. 41 00:02:16,560 --> 00:02:20,240 Speaker 3: They pose a great risk security because they can crack codes, 42 00:02:20,880 --> 00:02:23,120 Speaker 3: they could do they could they could do pretty much anything. 43 00:02:23,520 --> 00:02:25,680 Speaker 3: So a lot of people think that's going to be 44 00:02:26,840 --> 00:02:35,080 Speaker 3: a risk to cryptocurrency, especially bitcoin, because Bitcoin it's not 45 00:02:35,120 --> 00:02:37,720 Speaker 3: like they have like a working in governance that's actually 46 00:02:37,840 --> 00:02:41,360 Speaker 3: updating cybersecurity on nobody even you know. It's a little 47 00:02:41,360 --> 00:02:44,040 Speaker 3: harder than like say ethereyum more centralized coin where they 48 00:02:44,080 --> 00:02:46,800 Speaker 3: can you know, adapt with the times a little quicker. 49 00:02:48,600 --> 00:02:53,120 Speaker 3: So how will this affect bigcoin and cryptocurrency. 50 00:02:52,360 --> 00:02:55,079 Speaker 2: Short term or long term? No, short term is not 51 00:02:55,080 --> 00:02:55,720 Speaker 2: gonna have an effect. 52 00:02:55,760 --> 00:02:59,080 Speaker 3: For long term, I. 53 00:02:59,120 --> 00:03:01,760 Speaker 4: Think I first mentioned quantum on the show maybe three 54 00:03:02,000 --> 00:03:04,720 Speaker 4: years ago, two and a half years ago. The next 55 00:03:04,800 --> 00:03:08,880 Speaker 4: biggest space. It's gonna be really interesting, though. What I 56 00:03:08,880 --> 00:03:12,840 Speaker 4: will say about that Google quantum chip. I scoured the 57 00:03:12,840 --> 00:03:17,239 Speaker 4: internet high and low looking after I looked at Travis's 58 00:03:17,320 --> 00:03:20,240 Speaker 4: drama that he had going on, and the thing that 59 00:03:20,280 --> 00:03:24,080 Speaker 4: I didn't see was a demo. So, if you have 60 00:03:24,200 --> 00:03:28,560 Speaker 4: this amazing chip and I'm seeing more videos about cooking 61 00:03:28,560 --> 00:03:31,440 Speaker 4: wakaya than you of this, this demo to the quantum, 62 00:03:33,000 --> 00:03:36,000 Speaker 4: I don't believe you. We need more people y'all missed 63 00:03:36,040 --> 00:03:38,240 Speaker 4: out on the AI race the first time. I'm not 64 00:03:38,320 --> 00:03:40,680 Speaker 4: saying that Google does not have the chip. I will 65 00:03:40,760 --> 00:03:42,520 Speaker 4: have loved to see the demo though, now, how will 66 00:03:42,600 --> 00:03:45,800 Speaker 4: affect pitcoin. I think at some point there may be 67 00:03:45,800 --> 00:03:48,760 Speaker 4: some attacks, but I think they're also whoever runs the 68 00:03:48,840 --> 00:03:54,400 Speaker 4: quantum space will end up providing cybersecurity for them. So 69 00:03:54,480 --> 00:03:56,560 Speaker 4: if I have the ability to break into your safe, 70 00:03:57,200 --> 00:03:59,400 Speaker 4: why not hire me a security for your safe to 71 00:03:59,400 --> 00:04:02,080 Speaker 4: help you kind of keep some of these things encryptis so, 72 00:04:02,520 --> 00:04:04,400 Speaker 4: but I do think the sector is going to have 73 00:04:04,440 --> 00:04:08,200 Speaker 4: a tremendous impact on crypto as a whole, the economy 74 00:04:08,200 --> 00:04:09,800 Speaker 4: as a whole. It's gonna be the next space. It's 75 00:04:09,840 --> 00:04:12,760 Speaker 4: gonna be as how as AI was the last two years. 76 00:04:13,080 --> 00:04:15,760 Speaker 4: But I don't I'm not sold on Google having the 77 00:04:15,840 --> 00:04:16,520 Speaker 4: solution yet. 78 00:04:16,640 --> 00:04:17,160 Speaker 2: And I know. 79 00:04:17,160 --> 00:04:20,880 Speaker 4: Everybody's asking about qubs and the small companies. I'm telling 80 00:04:20,920 --> 00:04:23,200 Speaker 4: you a small company is not going to take the 81 00:04:23,279 --> 00:04:25,200 Speaker 4: lead over in this race. Is probably one of the 82 00:04:25,240 --> 00:04:28,520 Speaker 4: most important innovations of like the last eighty years. 83 00:04:28,760 --> 00:04:32,000 Speaker 2: So yeah, I'm with you on that. 84 00:04:32,200 --> 00:04:36,080 Speaker 1: I think short term, the quantum computers they're just not 85 00:04:36,120 --> 00:04:37,919 Speaker 1: powerful enough to interrupt bitcoin. 86 00:04:39,360 --> 00:04:41,520 Speaker 2: It's interesting, I was with you. 87 00:04:41,520 --> 00:04:43,799 Speaker 1: I didn't see a demo, so when we talked about 88 00:04:44,040 --> 00:04:46,800 Speaker 1: we're talking about Willow and that that's the computer, And 89 00:04:46,880 --> 00:04:49,279 Speaker 1: so I did like, now I got to do the 90 00:04:49,279 --> 00:04:51,160 Speaker 1: research on it. So now I'm trying to figure out, 91 00:04:51,200 --> 00:04:52,839 Speaker 1: like how does this thing work? And so the work 92 00:04:52,920 --> 00:04:54,800 Speaker 1: qubits come up, So like if you're doing research on 93 00:04:54,880 --> 00:04:57,200 Speaker 1: quantum computing, you're gonna hear cute bits, and it just 94 00:04:57,200 --> 00:04:59,880 Speaker 1: means a quantum bit. So if all y'all like that 95 00:05:00,040 --> 00:05:02,080 Speaker 1: grew up playing video games, you remember when it was 96 00:05:02,120 --> 00:05:03,239 Speaker 1: like sixteen. 97 00:05:02,800 --> 00:05:05,800 Speaker 2: Bit, thirty two bit, sixty four bit. 98 00:05:05,960 --> 00:05:08,480 Speaker 1: That was just the measure of information that can be taken, 99 00:05:08,880 --> 00:05:11,640 Speaker 1: and so a cubit is that it's the measure of 100 00:05:11,640 --> 00:05:14,679 Speaker 1: information that can be taken inside a quantum computing WILLO 101 00:05:14,960 --> 00:05:18,960 Speaker 1: right now is at one hundred and five super conducting cubits, 102 00:05:19,040 --> 00:05:21,440 Speaker 1: So one hundred and five that's where it's at presently. 103 00:05:21,720 --> 00:05:22,160 Speaker 2: Currently. 104 00:05:22,520 --> 00:05:25,200 Speaker 1: The problem with quantum computing, and if you read every 105 00:05:25,600 --> 00:05:28,960 Speaker 1: physicist and every expert, is the error tests. 106 00:05:29,120 --> 00:05:30,520 Speaker 2: Right. It can do things. 107 00:05:30,360 --> 00:05:34,200 Speaker 1: Very fast, but there's an accurate the reliability of it 108 00:05:34,240 --> 00:05:37,520 Speaker 1: is so far off right now in present day, in 109 00:05:37,640 --> 00:05:42,119 Speaker 1: order for it to have satisfactory errorrates, it needs about 110 00:05:42,200 --> 00:05:44,560 Speaker 1: fifteen hundred cubits. So right now WILLO is at one 111 00:05:44,560 --> 00:05:47,560 Speaker 1: oh five to have satisfactory. 112 00:05:46,800 --> 00:05:48,599 Speaker 2: Errorrates, and it needs fifteen hundred. 113 00:05:49,240 --> 00:05:53,719 Speaker 1: For it to have large perform large fault tolerant calculations, 114 00:05:53,760 --> 00:05:57,040 Speaker 1: it needs between one hundred thousand to one million cubits. 115 00:05:57,400 --> 00:05:59,200 Speaker 1: So when we talk about where are we at in 116 00:05:59,279 --> 00:06:03,600 Speaker 1: quantum computing. 117 00:06:02,360 --> 00:06:03,040 Speaker 2: Was it a breakthrough? 118 00:06:03,160 --> 00:06:05,680 Speaker 1: Is that one oh five To have a large model, 119 00:06:05,720 --> 00:06:08,760 Speaker 1: we need about one hundred thousand to a million. 120 00:06:08,839 --> 00:06:11,760 Speaker 2: So we're kind of out of that. Like I said, 121 00:06:12,000 --> 00:06:13,360 Speaker 2: as far as Bitcoin. 122 00:06:13,279 --> 00:06:16,720 Speaker 1: Not powerful enough yet when it becomes right, because bitcoin 123 00:06:16,760 --> 00:06:19,160 Speaker 1: isn't going anywhere, quantum computer isn't going anywhere. 124 00:06:19,800 --> 00:06:22,800 Speaker 2: Bitcoin, if you understand proof of stake, proof. 125 00:06:22,560 --> 00:06:26,840 Speaker 1: Of work, it has the ability to change in terms 126 00:06:26,880 --> 00:06:30,480 Speaker 1: of forking, and so, like again doing the researchhowing it, 127 00:06:30,640 --> 00:06:32,760 Speaker 1: they're already trying to figure out how they can have 128 00:06:32,920 --> 00:06:39,080 Speaker 1: like cryptographic algorithms are resistant to quantum computing, and so 129 00:06:39,240 --> 00:06:41,000 Speaker 1: these technologies are working at the same time. 130 00:06:41,080 --> 00:06:43,080 Speaker 2: They know the issue that it's ahead of it. 131 00:06:43,520 --> 00:06:45,599 Speaker 1: They are already people trying to figure out what is 132 00:06:45,640 --> 00:06:48,360 Speaker 1: the soft fork that can help be resistance to it, 133 00:06:49,160 --> 00:06:51,200 Speaker 1: and so that happened, like by the time we figured 134 00:06:51,200 --> 00:06:52,800 Speaker 1: it out, they've been working on it for probably three years, 135 00:06:52,839 --> 00:06:56,000 Speaker 1: already knowing that this is this is the the case 136 00:06:56,120 --> 00:06:59,000 Speaker 1: going forward for quantum computing and the road that it'll 137 00:06:59,040 --> 00:07:02,080 Speaker 1: collabe with bitcoin, because like you said, security and reliability're 138 00:07:02,120 --> 00:07:03,839 Speaker 1: gonna be the two things that be at the forefront 139 00:07:03,880 --> 00:07:05,680 Speaker 1: of it. 140 00:07:05,680 --> 00:07:06,920 Speaker 4: It's kind of like when an artists back in the 141 00:07:06,960 --> 00:07:08,720 Speaker 4: day said I had a fire album and it's like, well, 142 00:07:08,839 --> 00:07:09,480 Speaker 4: let me hear something. 143 00:07:09,480 --> 00:07:11,480 Speaker 2: It's like, give me nine more months. It's like. 144 00:07:13,560 --> 00:07:17,600 Speaker 4: If it was there, they would have had demo day immediately. 145 00:07:17,480 --> 00:07:18,880 Speaker 2: Ten seconds snipt of the album. 146 00:07:18,960 --> 00:07:19,080 Speaker 3: No. 147 00:07:19,240 --> 00:07:21,800 Speaker 2: I mean most people say that it's not ready yet, 148 00:07:22,160 --> 00:07:22,840 Speaker 2: but it will be. 149 00:07:24,440 --> 00:07:24,680 Speaker 5: Sure. 150 00:07:25,240 --> 00:07:30,240 Speaker 3: Google Google China put more money in than than anybody else. 151 00:07:30,640 --> 00:07:34,440 Speaker 3: And I even saw a study there was like the scientists, 152 00:07:35,160 --> 00:07:39,120 Speaker 3: like the graduation, the graduate classes for like these type 153 00:07:39,120 --> 00:07:43,080 Speaker 3: of the average in America is four students per class 154 00:07:43,440 --> 00:07:48,120 Speaker 3: and China is twenty five students. So they they are 155 00:07:49,280 --> 00:07:53,880 Speaker 3: pumping billion dollars into America's too, but they're they're putting 156 00:07:53,920 --> 00:08:01,160 Speaker 3: even more resources, talent, human resources into quantum computing and 157 00:08:01,280 --> 00:08:07,040 Speaker 3: their patients. So when it does happen, they're definitely working 158 00:08:07,080 --> 00:08:12,960 Speaker 3: hard towards fine tuning it and being the leaders in it. 159 00:08:13,680 --> 00:08:17,160 Speaker 2: And that's the point. It's like quantumpules not going anywhere, 160 00:08:17,360 --> 00:08:17,840 Speaker 2: And if. 161 00:08:17,680 --> 00:08:21,640 Speaker 1: We look at it like we looked at AI, then yeah, 162 00:08:21,680 --> 00:08:25,080 Speaker 1: there'll be companies leaning it, but infrastructure will still be needed. Right, 163 00:08:25,120 --> 00:08:27,040 Speaker 1: So if you're looking like how do we what's the play? 164 00:08:27,080 --> 00:08:29,040 Speaker 1: Like you said, there's people that will put up like 165 00:08:29,080 --> 00:08:30,960 Speaker 1: these other quantum computing. 166 00:08:30,560 --> 00:08:32,400 Speaker 2: Stocks, look for the comportary. 167 00:08:32,440 --> 00:08:36,719 Speaker 1: Look for infrastructure, right because they need to be held somewhere. 168 00:08:37,040 --> 00:08:39,680 Speaker 2: Cooling is very important to it. Who are the companies 169 00:08:39,760 --> 00:08:40,920 Speaker 2: that are creating those things? 170 00:08:42,080 --> 00:08:44,760 Speaker 1: Power and energy are going to be important like this 171 00:08:44,960 --> 00:08:47,520 Speaker 1: that the power is ridiculous, Like when you're talking about 172 00:08:47,720 --> 00:08:51,400 Speaker 1: how fast this works, they said that Willow's complex calculation 173 00:08:51,559 --> 00:08:55,040 Speaker 1: can create a solve something in five minutes, which would 174 00:08:55,320 --> 00:09:00,800 Speaker 1: normally take a classic supercomputer around ten sets tillion years 175 00:09:00,800 --> 00:09:01,360 Speaker 1: to complete. 176 00:09:02,520 --> 00:09:05,839 Speaker 2: That sounds good with no demo, that's ridiculous. 177 00:09:05,880 --> 00:09:07,360 Speaker 1: So think about the power that's going to take to 178 00:09:07,360 --> 00:09:09,320 Speaker 1: do that, Think about the infrastructure that needs to be 179 00:09:09,360 --> 00:09:11,480 Speaker 1: house to do that. Those are the areas that I 180 00:09:11,480 --> 00:09:13,480 Speaker 1: would be looking at if we're talking about five ten 181 00:09:13,559 --> 00:09:15,040 Speaker 1: years when it comes to quantum computing. 182 00:09:15,160 --> 00:09:18,760 Speaker 5: An illegal alien from Guatemala charged with raping a child 183 00:09:18,840 --> 00:09:22,640 Speaker 5: in Massachusetts. An MS thirteen gang member from al Salvador 184 00:09:22,880 --> 00:09:27,000 Speaker 5: accused of murdering a Texas man of Venezuelan charged with 185 00:09:27,080 --> 00:09:30,960 Speaker 5: filming and selling child pornography in Michigan. These are just 186 00:09:31,080 --> 00:09:34,840 Speaker 5: some of the heinous migrant criminals caught because of President 187 00:09:34,880 --> 00:09:38,400 Speaker 5: Donald J. Trump's leadership. I'm Christy Noman, the United States 188 00:09:38,480 --> 00:09:43,280 Speaker 5: Secretary of Homeland Security. 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