Bitcoin Price Falls on Panic over Quantum Computers, Bakkt Failure, & Miner Exodus




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34 Comments

  1. Don't panic on bad news. Quantum computers will be an issue for all CURRENT encryption on the internet (SSL, SSH, PGP.. you name it). But it could be amended in time. No need to worry about 50+ qbits. Let's panic when it is time to panic (in a few year when we have 10k+ stable qbits or more)

  2. People are trippen over this "quantum computing" come on people. You know what, better yet, for the ones who can't take news within going all crazy PLEASE sale off and in about 2 years, you be like OMG I sold wtf… damn come on…

  3. There is no zone of of support Lark, I disagree. The only excuse for Bitcoin to be at 8k is because of no demand. It will continue to decline.. I always suspected once Wall Street got involved Bitcoin was as doomed as a virgin on a date with Rod Stewart. I'm holding what I have for now but will no longer add.

  4. Apparently, from what I understood from the CEO of DWave, Qubit processors running at absolute zero degree kelvin are able to effectively use quantum entanglement to multiply processing by accessing millions of other qubit in other dimensions. Imagine your Laptop CPU could be parallel processing with it's millions/billions of other version of itself in millions or billions of alternate dimensions in the multiverse……which besides being freaky as fk, probably explains the high error rate as the versions of the chips in the other dimensions are trying to do the same perhaps at the same time.

  5. 2048-bit RSA requires roughly 4096 qubits while a quantum computer to break the equivalently secure 224-bit Elliptic Curve Cryptography requires between 1300 and 1600 qubits Yes this is not bitcoins 256 bit, nor the same math, but its the closest information I could reasonably find.

  6. Nothing to do with the fantasy of quantum computers, it's just the big wall street players everyone said they wanted in this market. These guys manipulate the hell out of traditional "regulated" markets, crypto must feel like being a kid given keys to the toy store.

    Don't say people didn't warn the crypto crowd that big mainstream money was ALWAYS bad news for this space!

    Also don't forget, if the global elite and ultra rich cannot control BTC they absolutely WILL try anything and everything to attempt to destroy it and hold it back. I've ZERO doubts about that. This latest massive dump is part of it. If they can scare the average retail investor to panic sell their stake in what could be a new store of value to get more for themselves they will.

  7. the problem with btc or any coin adapting in the future (quantum or any threat) is the lack of governance which could result to infighting , turmoil and forks. there are several crypto with governance and I think there is only one that is truly decentralized.

  8. 07:14 "Google has reached Quantum Supremacy, threatening the future of
    BlockChain. Thats it Guys; thats it. Sell now – Short this Ponzi to the ground.
    The new Paradigm of Money is over…we're done." 12:51 Bitcoin will adapt;
    because it has to. ps: (long live Larks other Flamboyant Shirts)

  9. It fascinates me that all you youtubers out there all trying to find reasons for every price fall,meanwhile talking about price manipulation,but fails to understand that the powers that be cant print hundreds of billions of dollars in a blink of an eyep,and slowly bleed out the crypto space. Its not like they want to loose control, or that they have not heard of crypto…I bet the biggest holders are the same bastards "shit talking" it on international media…

  10. Lark you are one of the most sensible people in the space. Is there a price that you wouldn’t buy BTC at? Meaning would you still buy BTC if it was at $15K?

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