The key here being "doesn't exist". The "yet" part i feel we could argue about. I feel like this is comparable to nuclear fusion. It's probably going to be there in 30 years for a really long time.

It's great for fear though which is the best human emotion for sharing content and giving the news site more clicks and thus ad revenue.

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Thanks. This was shared by a cryptograpy teaching professor, I respect. But he is saying that traditional cryptography is pretty much broken due to Shor’s and Grover’s algorithm. I don’t actually believe that, but it is tough to refute.