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Speaker 3: Quantum computing something that's been getting live attention lately. Yeah,
Speaker 3: you know, they said, a quantum computers. These things actually
Speaker 3: can solve in minutes what a regular computer takes one
Speaker 3: million years to solve. It's not really at full capacity yet,
Speaker 3: they said, over the next five years, maybe ten years,
Speaker 3: it'll be like but you have to keep it in
Speaker 3: the coldest conditions known to human and their complex computers.
Speaker 3: They pose a great risk security because they can crack codes,
Speaker 3: they could do they could they could do pretty much anything.
Speaker 3: So a lot of people think that's going to be
Speaker 3: a risk to cryptocurrency, especially bitcoin, because Bitcoin it's not
Speaker 3: like they have like a working in governance that's actually
Speaker 3: updating cybersecurity on nobody even you know. It's a little
Speaker 3: harder than like say ethereyum more centralized coin where they
Speaker 3: can you know, adapt with the times a little quicker.
Speaker 3: So how will this affect bigcoin and cryptocurrency.
Speaker 2: Short term or long term? No, short term is not
Speaker 2: gonna have an effect.
Speaker 3: For long term, I.
Speaker 4: Think I first mentioned quantum on the show maybe three
Speaker 4: years ago, two and a half years ago. The next
Speaker 4: biggest space. It's gonna be really interesting, though. What I
Speaker 4: will say about that Google quantum chip. I scoured the
Speaker 4: internet high and low looking after I looked at Travis's
Speaker 4: drama that he had going on, and the thing that
Speaker 4: I didn't see was a demo. So, if you have
Speaker 4: this amazing chip and I'm seeing more videos about cooking
Speaker 4: wakaya than you of this, this demo to the quantum,
Speaker 4: I don't believe you. We need more people y'all missed
Speaker 4: out on the AI race the first time. I'm not
Speaker 4: saying that Google does not have the chip. I will
Speaker 4: have loved to see the demo though, now, how will
Speaker 4: affect pitcoin. I think at some point there may be
Speaker 4: some attacks, but I think they're also whoever runs the
Speaker 4: quantum space will end up providing cybersecurity for them. So
Speaker 4: if I have the ability to break into your safe,
Speaker 4: why not hire me a security for your safe to
Speaker 4: help you kind of keep some of these things encryptis so,
Speaker 4: but I do think the sector is going to have
Speaker 4: a tremendous impact on crypto as a whole, the economy
Speaker 4: as a whole. It's gonna be the next space. It's
Speaker 4: gonna be as how as AI was the last two years.
Speaker 4: But I don't I'm not sold on Google having the
Speaker 4: solution yet.
Speaker 2: And I know.
Speaker 4: Everybody's asking about qubs and the small companies. I'm telling
Speaker 4: you a small company is not going to take the
Speaker 4: lead over in this race. Is probably one of the
Speaker 4: 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
Speaker 1: 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
Speaker 1: we're talking about Willow and that that's the computer, And
Speaker 1: so I did like, now I got to do the
Speaker 1: research on it. So now I'm trying to figure out,
Speaker 1: like how does this thing work? And so the work
Speaker 1: qubits come up, So like if you're doing research on
Speaker 1: quantum computing, you're gonna hear cute bits, and it just
Speaker 1: means a quantum bit. So if all y'all like that
Speaker 1: grew up playing video games, you remember when it was
Speaker 1: like sixteen.
Speaker 2: Bit, thirty two bit, sixty four bit.
Speaker 1: That was just the measure of information that can be taken,
Speaker 1: and so a cubit is that it's the measure of
Speaker 1: information that can be taken inside a quantum computing WILLO
Speaker 1: right now is at one hundred and five super conducting cubits,
Speaker 1: 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
Speaker 1: 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
Speaker 1: is so far off right now in present day, in
Speaker 1: order for it to have satisfactory errorrates, it needs about
Speaker 1: fifteen hundred cubits. So right now WILLO is at one
Speaker 1: 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,
Speaker 1: it needs between one hundred thousand to one million cubits.
Speaker 1: So when we talk about where are we at in
Speaker 1: quantum computing.
Speaker 2: Was it a breakthrough?
Speaker 1: Is that one oh five To have a large model,
Speaker 1: we need about one hundred thousand to a million.
Speaker 2: So we're kind of out of that. Like I said,
Speaker 2: as far as Bitcoin.
Speaker 1: Not powerful enough yet when it becomes right, because bitcoin
Speaker 1: 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
Speaker 1: of forking, and so, like again doing the researchhowing it,
Speaker 1: they're already trying to figure out how they can have
Speaker 1: like cryptographic algorithms are resistant to quantum computing, and so
Speaker 1: 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
Speaker 1: the soft fork that can help be resistance to it,
Speaker 1: and so that happened, like by the time we figured
Speaker 1: it out, they've been working on it for probably three years,
Speaker 1: already knowing that this is this is the the case
Speaker 1: going forward for quantum computing and the road that it'll
Speaker 1: collabe with bitcoin, because like you said, security and reliability're
Speaker 1: gonna be the two things that be at the forefront
Speaker 1: of it.
Speaker 4: It's kind of like when an artists back in the
Speaker 4: day said I had a fire album and it's like, well,
Speaker 4: 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,
Speaker 2: but it will be.
Speaker 5: Sure.
Speaker 3: Google Google China put more money in than than anybody else.
Speaker 3: And I even saw a study there was like the scientists,
Speaker 3: like the graduation, the graduate classes for like these type
Speaker 3: of the average in America is four students per class
Speaker 3: and China is twenty five students. So they they are
Speaker 3: pumping billion dollars into America's too, but they're they're putting
Speaker 3: even more resources, talent, human resources into quantum computing and
Speaker 3: their patients. So when it does happen, they're definitely working
Speaker 3: 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,
Speaker 2: And if.
Speaker 1: We look at it like we looked at AI, then yeah,
Speaker 1: there'll be companies leaning it, but infrastructure will still be needed. Right,
Speaker 1: So if you're looking like how do we what's the play?
Speaker 1: Like you said, there's people that will put up like
Speaker 1: 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
Speaker 2: that are creating those things?
Speaker 1: Power and energy are going to be important like this
Speaker 1: that the power is ridiculous, Like when you're talking about
Speaker 1: how fast this works, they said that Willow's complex calculation
Speaker 1: can create a solve something in five minutes, which would
Speaker 1: normally take a classic supercomputer around ten sets tillion years
Speaker 1: 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
Speaker 1: do that, Think about the infrastructure that needs to be
Speaker 1: house to do that. Those are the areas that I
Speaker 1: would be looking at if we're talking about five ten
Speaker 1: years when it comes to quantum computing.
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