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Today at 11:20:08 AM |
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Quantum computers are basically computers that use quantum bits, which can represent both 1 and 0, unlike the traditional computers we have today.
Even though these computers are still in testing, they exist and might be publicly available in four years.
These computers can easily dominate any mining pool as they are much stronger and can solve the mathematical equations used in mining operations significantly faster than any normal computer.
-So what is the real danger here? The real danger isn't in Bitcoin or any coin that has a limit; the real danger lies in crypto coins that have no limit, such as Ethereum. Once these computers become available, it will be extremely expensive, but still, billionaires and large exchange platforms like Binance can afford them, and they will dominate the entire market. By mining, burning, and selling, they will manipulate prices in any way they want, and no one can stop them—not even the whales who own thousands of these coins.
Not to mention that these computers will render the rest of the mining equipment obsolete, even in Bitcoin.
How much of a danger will this be? And how long do you think it will take for them to implement these computers in mining operations? Do you think it won't be wise to invest in any coin with unlimited supply when these computers become available?
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