In what may be a huge milestone in computing, Google says it has achieved "quantum supremacy," an experimental demonstration of the superiority of a quantum computer over a traditional one.
The claim, made in a new scientific paper, is the most serious indication yet that the promise of quantum computers—an emerging but unproven type of machine—is becoming reality, including their potential to solve formerly ungraspable mathematical problems.
Essentially, Google purports to have pulled off a stunt on a quantum computer that no classical machine—not even the world's most powerful supercomputer—can replicate.
To put things into perspective, Google's new quantum computer took a mere 200 seconds to complete a computing task that would normally require 10,000 years on a supercomputer.
At this rate, Google will be able to break all military encryption by 2024, a frightening prospect given the company’s close ties to China.
But something even more startling is the advancing capabilities to solve complicated cryptographic security measures seen in blockchains. With Google's new quantum computer, the possibility of both mining cryptocurrency and breaking a cryptocurrency's complex encryption could soon be done with ease using the power of Google's new quantum computing technology.
This should spark a major concern for all cryptocurrency enthusiasts even though the personal quantum computer could be decades even centuries away from individual users.
A source at Google familiar with the situation suggested, however, that NASA accidentally published the paper early, before its team's claims could be thoroughly vetted through scientific peer review, a process that could take anywhere from weeks to months.
If the paper holds up under the scrutiny of the scientific community, it will herald a watershed moment in quantum science. Its central claim counters doubt that some unforeseen law of nature may prevent quantum computers from operating as hoped.
These are the moves or waves that best represent the direction of the current trend. During an uptrend, the impulsive moves are those that push prices higher. The opposite applies to a downtrend where the impulsive waves are those that drive prices lower.
These impulse movements are often made up of large candlestick bodies and are typically quite aggressive, especially compared to corrective moves.
Here’s an example of three impulsive bearish moves on the AUDUSD daily chart.
As you can see, these impulse movements are swift and aggressive. As such, these areas offer the greatest profit potential in the least amount of time.
But things aren’t always as neat and tidy as the AUDUSD chart above. In fact, more often than not these movements vary in size as well as angle.
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Paypal, Mastercard, Visa, eBay, Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association.
The Financial Times reported Friday that eBay, Stripe and Mastercard dropped out of the Libra cryptocurrency project, citing political pressure. In a statement, the Mastercard spokesperson said: “Mastercard has decided it will not become a member of the Libra Association at this time. We remain focused on our strategy and our own significant efforts to enable financial inclusion around the world. We believe there are potential benefits in such initiatives and will continue to monitor the Libra effort.” Likewise, a Visa spokesperson said, “Visa has decided not to join the Libra Association at this time. We will continue to evaluate and our ultimate decision will be determined by a number of factors, including the Association’s ability to fully satisfy all requisite regulatory expectations. Visa’s continued interest in Libra stems from our belief that well-regulated blockchain-based networks could extend the value of secure digital payments to a greater number of people"
An eBay spokesperson told the FT that while the company respects the Libra Association’s vision, it was instead choosing to focus on releasing a “managed payments experience” for its customers.
A Stripe spokesperson confirmed their company’s withdrawal as well, saying “Stripe is supportive of projects that aim to make online commerce more accessible for people around the world. Libra has this potential. We will follow its progress closely and remain open to working with the Libra Association at a later stage.” The Libra Association is scheduled to have its first official meeting next week, where the remaining 23 members – which include both Facebook and its subsidiary Calibra – are supposed to sign the group’s charter. A Facebook spokesperson confirmed Friday that the meeting is still taking place as planned.
4 days ago
@therealcoiner - When are the Big Three going to start accepting BTC? 💡
California-based luxury electric car manufacturer Karma Automotive now enables customers to pay in Bitcoin (BTC) for new vehicle purchases and related services, according to a company press release on Oct. 15.
Announcing the new offering, Karma CEO Lance Zhou said:
“We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use. Karma’s flagship store will support our efforts to prove emerging technology and provide the latest VVIP customer treatment offerings by accepting Bitcoin cryptocurrency.”
The Chinese Wanxiang Group bought Karma’s assets from Fisker Automotive in 2014 for $149.2 million. It began building its flagship Revero vehicle in 2016, the new model of which retails for over $135,000. The Revero can reportedly travel 37 miles before needing a recharge.
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