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Pepe Maltese
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Replying to Avatar Peter Todd

“I see a lot of confusion about Google's Monday press release about quantum supremacy, so let me try to clarify a few things.

They say they did a computation on a ca 100 qubit chip much faster than a conventional (super)computer could do. The particular calculation in question is to produce a random distribution. The result of this calculation has no practical use.

They use this particular problem because it has been formally proven (with some technical caveats) that the calculation is difficult to do on a conventional computer (because it uses a lot of entanglement). That also allows them to say things like "this would have taken a septillion years on a conventional computer" etc.

It's exactly the same calculation that they did in 2019 on a ca 50 qubit chip. In case you didn't follow that, Google's 2019 quantum supremacy claim was questioned by IBM pretty much as soon as the claim was made and a few years later a group said they did it on a conventional computer in a similar time.

So while the announcement is super impressive from a scientific pov and all, the consequences for everyday life are zero. Estimates say that we will need about 1 million qubits for practically useful applications and we're still about 1 million qubits away from that.

Also, it's been a recurring story that we have seen numerous times in the past years, that claims of quantum "utility" or quantum "advantage" or quantum "supremacy" or whatever you want to call it later evaporate because some other group finds a clever way to do it on a conventional computer after all.”

https://x.com/skdh/status/1866352680899104960

very interesting read.

nostr:note1g5f25fjdv9ud3qpyxwzmggk7qwsvqqnxks9tjamr0ysxy7syzq3qcrcs52

Debt financing to sat flow positive, closes the circle in an eternal virtuous cycle

This is basically game over to the monopoly of politicians to define monetary policy. The feudal lords are being crushed

this is the most important fact, and the biggest distinction to the gold market. that fact that folks can make it evaporate from the cexs

Putin has allways supported the candidate he thinks is weaker and more prone tonallow chaos. He supported Trump in 2016 because he was massively wrong about him. Now he is not making the same mistake, and that should speak volumes

The problem for Reagan was that he didn't pursue the reestablishment of the gold standard, and that was a major mistake, which coupled with Clinton's promotion of China to the WTO killed American manufacturing

The democrats keep targeting the crypto industry, while being really vocal about supporting it. Honestly, I think it's obvious they want your vote now and your money after the election

a tariff on sovereign capital flows, as proposed by Hugh Henry, is likely to work better than tariffs. But the geopolitical tensions would rise to a tipping point. Nevertheless, it is now or never, the US is sick and weakening, in one decade the window to do this will have closed

A Volkswagen largou a bomba de que pretende fechar fábricas. Assume que não vão voltar ao nível de vendas de 2019. Já alguém se perguntou porquê? O problema da Europa há 20 anos é a falta de crescimento nos salários reais. Os carros que VW produz são cada vez menos para europeus

NYC rents adjusted to the money base kind of confirm the reports of the exodus narrative

Volkswagen is pushing for closing factories in Germany. which should be read as " we want tonclose plants in Germany and open them somewhere else with cheap labor". Amazing stuff.

Management teams allways pursue the laziest solution, therefore, relocating to China seems easy and cheap. But on the other hand the European auto industry faces BYD, and it will likely fall at their feet

Replying to Avatar walker

this asset is entering the phase when it will only go up when it is really hated. it is still accumulating hate

Bitcoin's returns happen in a handful of days during each year. the rest is the price of being there for the really good days that make the returns exceptional. I don't make the rules

Looking at bilateral trade balances is not the answer, never was. Trade must be seen in global aggregate or else you are just having different routing, same outcome for manufacturing base