For now they are only being used for research purposes. For example, simulating Quantum effects in many atom physics and implementing error correction for future quantum computers. Any real applications still need some time but the pace of development is really quite something.
Currently, there is basically only one real world application we really know: Factoring numbers into prime factors. And we can’t know for sure whether there will be more even.
I am a physicist and truly appreciate the effect of quantum computing on our simulations, but with “real world” I meant proper industrial use. And for that, there are hardly any algorithms known except Shor’s. When the CEO of Deutsche Bank says he will do his bank transactions on a quantum computer, you know the topic is over-hyped.
I understand that you can’t just translate random algorithms to quantum computers and expect them to run better - but I did link an overview of 5 quantum algorithms that have real world uses, and Shor’s is only one of them.
I don’t consider Sabine Hossenfelder a person worth listening to. She frequently comments on topics she doesn’t know much about/has a very biased view of (e.g. her transphobic video).
I’m talking about her video on transitions in general, not sure if you’re referring to that or something else. She misrepresented the state of research (implying there’s less research concluding transitions to be a good thing than there really is) and shared misinformation.
I don’t think I was talking about this, interesting. Because in the video I mentioned she was fine with trans athletes competing together with cis athletes, which seemed very progressive to me. But I’m happy to be proven wrong.
There’d just be new cryptocurrencies. There are crypto algorithms that are already quantum resistant. Monero is a great example.
You seem to be under the impression that crypto somewhat relies on current technology to exist. It’s a set of heuristics and algorithms, not a single implementation. And those can evolve for new use cases or technologies.
What you said is akin to “if something like this could make databases obsolete”.
The question, the problem with crypto, is not how, it’s why?
It isn’t about if we can or cannot. It’s about the usecase of it all.
For now, the only use case crypto has is wel… Betting. It’s hard to call it anything else like speculation.
You would be out of your mind to use it as a currency. The worth of crypto is too volatile. Even black market usage is problematic due to this. (did i just buy a pound of coke for 50k or 100k? Who knows? I guess we see tomorrow)
It also is too slow to use as a currency; the transaction times are off the charts compared to other forms.
It also is the most wasteful form for storing wealth.
It’s also the most risky way for storing wealth. The amount of hacks and scams are insane.
It, in its current form will never be a legal tender. Currency is about control for governments, to devalue or not, to prop up the economy, boosting it or easing it down when needed and crypto doesn’t provide that. So to use that wealth you’ll always need an exchange. A third party. Which, recent history has thought us, are very prone to abuse and regulation. they can be banned overnight. (China comes to mind)
It’s a solution. The question is for what. The popularity of it all is based on 2 things : greed and the fear of missing out. (which again boils down to greed)
Not how it works as far as I know. If people start mining with a quantum computers the difficulty will increase making it even more secure (one of bitcoins main features). Traditional computers will drop out due to lack of rewards and more powerful quantum computers will enter and compete with the original quantum computers and the cycle continues. It’s a self balancing system.
This really is amazing to see. It feels like just year when we were discussing 1, 2, or 10 qubits.
Are there any/many current uses for these quantum computers?
breaking encryption algorithms
From what i heard, even 1,000 qubits isn’t close to enough for modern passwords: https://www.nature.com/articles/d41586-023-00017-0
Paywall. Also, passwords and RSA are two different things.
Reversing hashing algos is what people mean when they talk about quantum computers cracking passwords / encryption, though.
For now they are only being used for research purposes. For example, simulating Quantum effects in many atom physics and implementing error correction for future quantum computers. Any real applications still need some time but the pace of development is really quite something.
Currently, there is basically only one real world application we really know: Factoring numbers into prime factors. And we can’t know for sure whether there will be more even.
Sorry, but that’s completely wrong. There has been a lot of research into quantum algorithms, and we have many examples besides Shor’s algorithm, for example: https://www.amarchenkova.com/posts/5-quantum-algorithms-that-could-change-the-world
I am a physicist and truly appreciate the effect of quantum computing on our simulations, but with “real world” I meant proper industrial use. And for that, there are hardly any algorithms known except Shor’s. When the CEO of Deutsche Bank says he will do his bank transactions on a quantum computer, you know the topic is over-hyped.
Edit: A video that explains this by a theoretical physicist working on the foundations of quantum mechanics
I understand that you can’t just translate random algorithms to quantum computers and expect them to run better - but I did link an overview of 5 quantum algorithms that have real world uses, and Shor’s is only one of them.
I don’t consider Sabine Hossenfelder a person worth listening to. She frequently comments on topics she doesn’t know much about/has a very biased view of (e.g. her transphobic video).
Are you talking about her video on trans athletes? I don’t remember it being transphobic.
I’m talking about her video on transitions in general, not sure if you’re referring to that or something else. She misrepresented the state of research (implying there’s less research concluding transitions to be a good thing than there really is) and shared misinformation.
I don’t think I was talking about this, interesting. Because in the video I mentioned she was fine with trans athletes competing together with cis athletes, which seemed very progressive to me. But I’m happy to be proven wrong.
bitcoin mining.
Man, if something like this could make crypto obsolete, I would laugh like a mf.
It mines all possible bitcoins and it’s over for the rest of crypto too
There’d just be new cryptocurrencies. There are crypto algorithms that are already quantum resistant. Monero is a great example.
You seem to be under the impression that crypto somewhat relies on current technology to exist. It’s a set of heuristics and algorithms, not a single implementation. And those can evolve for new use cases or technologies.
What you said is akin to “if something like this could make databases obsolete”.
The question, the problem with crypto, is not how, it’s why?
It isn’t about if we can or cannot. It’s about the usecase of it all.
For now, the only use case crypto has is wel… Betting. It’s hard to call it anything else like speculation.
You would be out of your mind to use it as a currency. The worth of crypto is too volatile. Even black market usage is problematic due to this. (did i just buy a pound of coke for 50k or 100k? Who knows? I guess we see tomorrow)
It also is too slow to use as a currency; the transaction times are off the charts compared to other forms.
It also is the most wasteful form for storing wealth.
It’s also the most risky way for storing wealth. The amount of hacks and scams are insane.
It, in its current form will never be a legal tender. Currency is about control for governments, to devalue or not, to prop up the economy, boosting it or easing it down when needed and crypto doesn’t provide that. So to use that wealth you’ll always need an exchange. A third party. Which, recent history has thought us, are very prone to abuse and regulation. they can be banned overnight. (China comes to mind)
It’s a solution. The question is for what. The popularity of it all is based on 2 things : greed and the fear of missing out. (which again boils down to greed)
Not how it works as far as I know. If people start mining with a quantum computers the difficulty will increase making it even more secure (one of bitcoins main features). Traditional computers will drop out due to lack of rewards and more powerful quantum computers will enter and compete with the original quantum computers and the cycle continues. It’s a self balancing system.