Not Investment Advice 194: Google’s Quantum Chip, Bitcoin vs. Quantum Computing, Jack’s Sculpture & Taylor Swift’s $2B Eras Tour
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Dec 11, 2024 Discover the cutting-edge world of quantum computing and its potential to reshape Bitcoin's security. Delve into the evolution of online advertising, moving from impressions to engagement. Explore a unique sculpture that traces labor's transformation over time. Plus, uncover the staggering financial impact of Taylor Swift's Eras Tour and its competition in the concert scene. Tune in for a blend of technology, art, and society's quirks that keeps you entertained and informed.
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Quantum Speed
- Google's new quantum chip, Willow, solved a problem in 5 minutes that would take the world's fastest supercomputer 10 septillion years.
- This astonishing speed is attributed to quantum computing's use of qubits, which can be 0, 1, or both simultaneously.
Qubits vs. Bits
- Quantum computing uses qubits, encoding 0, 1, or both, unlike classical bits.
- This allows exponentially faster processing for certain math problems like Bitcoin mining's SHA-256.
Bitcoin's Defense
- While quantum computing poses a threat to Bitcoin's encryption, Bitcoin's difficulty adjustment offers a defense.
- The network automatically adjusts mining difficulty as computing power increases.