[MorTech]

Originally Posted by Normal

Bitcoin will drop hard, like rock bottom hard soon enough. It will eventually be worthless. Technological Obsolescence will be their downfall as the blockchain will be hacked all over the place. You can thank AI for it.

Have you ever hacked SHA256? Has anyone?
Bitcoin will go to zero only if it is hacked...Otherwise it will go to $10M+ per coin.
1000s of computers worldwide running Bitcoin ledger and hard limit of 21M coins is it's strength.

I figure there will be market turmoil until mid April or so. Liquidity will flow by May.

[rustyp]

At what point do we (your average TV senior) declare we had a "big selloff" ? This is beginning to feel like the difference between a recession and a depression. Recession = when the neighbor got laid off. Depression = when I got laid off.

[Pballer]

Originally Posted by dewilson58

not random

Sure seems random to me. DOGE mistakenly fired USDA bird flu experts that they then needed to rehire. They fired nuclear weapons workers that they then needed to rehire. They fired FDA medical device reviewers that they then needed to rehire. They made up lies about millions of 150 year old people getting social security benefits that even the acting Social Security administrator says is not true. They say they saved billions of dollars canceling government contacts that had already previous expired. But what do you expect when you hire a bunch employees barely out of their teenage years who probably have no experience on how the government works. The salaries of federal workers makes up less than 5% of the federal budget. If you want to save real money, you need to look at Medicaid, Medicare and Social Security benefits. In the meantime the government ought to hire a non-partisan accounting team to give an honest accounting of how much DOGE actually has saved, rather relying on their numbers which are constantly being revised and corrected.

[Pballer]

Originally Posted by MorTech

Have you ever hacked SHA256? Has anyone?
Bitcoin will go to zero only if it is hacked...Otherwise it will go to $10M+ per coin.
1000s of computers worldwide running Bitcoin ledger and hard limit of 21M coins is it's strength.

I figure there will be market turmoil until mid April or so. Liquidity will flow by May.

Bitcoin wallets have been hacked and Bitcoin stolen.

[ithos]

Originally Posted by MorTech

Have you ever hacked SHA256? Has anyone?
Bitcoin will go to zero only if it is hacked...Otherwise it will go to $10M+ per coin.
1000s of computers worldwide running Bitcoin ledger and hard limit of 21M coins is it's strength.

I figure there will be market turmoil until mid April or so. Liquidity will flow by May.

You seem to be very savvy about BTC so mayber you can answer a question or two. Once all of the BTC has been mined, then each transaction will require a fee to be paid to the miners. They are:

1. What percentage of the transaction amount will the fee be?

2. Since BTC is virtual, is it possible another virtual coin can be created that has superior charachteristics such as faster transactions and lower costs? Or was the original so perfect that it is impossible to design a better crypto currency.

[Normal]

Originally Posted by ithos

You seem to be very savvy about BTC so mayber you can answer a question or two. Once all of the BTC has been mined, then each transaction will require a fee to be paid to the miners. They are:

1. What percentage of the transaction amount will the fee be?

2. Since BTC is virtual, is it possible another virtual coin can be created that has superior charachteristics such as faster transactions and lower costs? Or was the original so perfect that it is impossible to design a better crypto currency.

There will always be something that will come along that will be better.

[MorTech]

The net power of Bitcoin is a more than 800 Exahash digital wall...Nothing is going to hack that.

The last coin will be mined by year 2140...Most coins will be mined by 2045.

I have no idea what transaction fees be.

There is no better idea than Bitcoin...Bitcoin is in cyberspace forever.

[Normal]

Originally Posted by MorTech

The net power of Bitcoin is a more than 800 Exahash digital wall...Nothing is going to hack that.

The last coin will be mined by year 2140...Most coins will be mined by 2045.

I have no idea what transaction fees be.

There is no better idea than Bitcoin...Bitcoin is in cyberspace forever.

End of next week below 60K
June below 20K

Now that the latest Q test, 83-qubit, 32-layer random circuit sampling task, was completed 1 million times faster than the result set by Google's previous generation Sycamore chip, published in October 2024. It’s only a matter of time. Willow is already set to be in the dust in 5 years time.

I recall someone laughing ten years ago about a computer chip holding a terabyte of information. Those chips are now just part of a Smithsonian display. Recall super computer speeds before the arrival of the quantum computing age?
Here is the performance of the fastest supercomputer in the world, the past 15 years:

Top in 2010: 2.57 petaflops
Top in 2005: 280.6 teraflops
Top in 2000: 4.94 teraflops
Top in 1995: 170 gigaflops
If we set the fastest supercomputer in 1995 as the baseline:

The top supercomputer in 2000 was 19 times faster.
The top supercomputer in 2005 was 1,650 times faster.
The top supercomputer in 2010 was 15,100 times faster.

Just last week the Chinese released results of a 105 QPU processor that is 1 quadrillion (10¹⁵) times faster than the best supercomputers on the planet. It tested at

In retrospect the Frontier (second-fastest supercomputer in the world), would need 5.9 billion years to complete identical tasks that take the quantum chip less than 1 nanosecond to complete.

[dewilson58]

Originally Posted by Normal

End of next week below 60K
June below 20K

Well, that's not very nice.

[Stu from NYC]

Originally Posted by Normal

End of next week below 60K
June below 20K

Now that the latest Q test, 83-qubit, 32-layer random circuit sampling task, was completed 1 million times faster than the result set by Google's previous generation Sycamore chip, published in October 2024. It’s only a matter of time. Willow is already set to be in the dust in 5 years time.

I recall someone laughing ten years ago about a computer chip holding a terabyte of information. Those chips are now just part of a Smithsonian display. Recall super computer speeds before the arrival of the quantum computing age?
Here is the performance of the fastest supercomputer in the world, the past 15 years:

Top in 2010: 2.57 petaflops
Top in 2005: 280.6 teraflops
Top in 2000: 4.94 teraflops
Top in 1995: 170 gigaflops
If we set the fastest supercomputer in 1995 as the baseline:

The top supercomputer in 2000 was 19 times faster.
The top supercomputer in 2005 was 1,650 times faster.
The top supercomputer in 2010 was 15,100 times faster.

Just last week the Chinese released results of a 105 QPU processor that is 1 quadrillion (10¹⁵) times faster than the best supercomputers on the planet. It tested at

In retrospect the Frontier (second-fastest supercomputer in the world), would need 5.9 billion years to complete identical tasks that take the quantum chip less than 1 nanosecond to complete.

At this rate we will be useless sooner rather than later.

[JMintzer]

Originally Posted by kingofbeer

Manufacturing companies left the US because they where not making enough profits. End of story.

Tax them higher and even more will leave...

The never ending story...

[dewilson58]

Well, looks like the sky is not falling.

[ithos]

Originally Posted by dewilson58

Well, looks like the sky is not falling.

For better or worse, short term dislocations shouldn't be a surprise when an administration implements new policies, regardless of party.

1933 and 1981 are prime examples.

[MorTech]

Originally Posted by Normal

End of next week below 60K
June below 20K

Now that the latest Q test, 83-qubit, 32-layer random circuit sampling task, was completed 1 million times faster than the result set by Google's previous generation Sycamore chip, published in October 2024. It’s only a matter of time. Willow is already set to be in the dust in 5 years time.

I recall someone laughing ten years ago about a computer chip holding a terabyte of information. Those chips are now just part of a Smithsonian display. Recall super computer speeds before the arrival of the quantum computing age?
Here is the performance of the fastest supercomputer in the world, the past 15 years:

Top in 2010: 2.57 petaflops
Top in 2005: 280.6 teraflops
Top in 2000: 4.94 teraflops
Top in 1995: 170 gigaflops
If we set the fastest supercomputer in 1995 as the baseline:

The top supercomputer in 2000 was 19 times faster.
The top supercomputer in 2005 was 1,650 times faster.
The top supercomputer in 2010 was 15,100 times faster.

Just last week the Chinese released results of a 105 QPU processor that is 1 quadrillion (10¹⁵) times faster than the best supercomputers on the planet. It tested at

In retrospect the Frontier (second-fastest supercomputer in the world), would need 5.9 billion years to complete identical tasks that take the quantum chip less than 1 nanosecond to complete.

Alrighty then....

[rustyp]

Originally Posted by dewilson58

Well, looks like the sky is not falling.

dead cat bounce ?