I think he just stopped caring at some point, being satisfied with his success and never practicing.
71 karma · joined October 13, 2021
I think he just stopped caring at some point, being satisfied with his success and never practicing.
Integer factorization and quantum simulation would be two examples of commercially highly relevant applications where an exponential speed-up applies.
We know that an ideal quantum computer provides an exponential speed-up in commercially relevant applications. There is a significant amount of smoke and mirrors in the quantum space.
Unless there is some unknown fundamental reason why we cannot realize a good-enough quantum computer with sufficient knowledge and engineering, governments and business are well-advised to invest into R&D of quantum computers.
Tether inevitably drops to $0, evaporating in the order of $100B of funny money. Crypto market collapses, trading is halted on the large platforms, big exchanges go bankrupt.
This shocks the regular markets to a significant degree. Calls for strict regulation will follow, ending the state of crypto as we know it today.
People are using the opportunity to net an instant 2% return. Buy $10M USDT at $0.98, redeem at Tether for $1, take home $200K of profit instantly.
Thing is, this will only last until Tether runs out of liquidity. Then all bets are off.