Because the confidential algorithm had been updated in advance, the news of the commercial quantum computer technology did not have any impact on the communication security and order in China.
Other than the initial chaos caused by the panic, as well as some old men and women going to the bank, there was basically no substantial impact.
However, compared to the beautiful scenery in China, other countries were not so lucky.
Foundation forum.
On this world-famous blockchain community, geeks who were proficient in cryptography and those who didn't know the truth were discussing the impact of this incident.
However, an account that had been silent for many years suddenly surfaced and participated in the discussion.
[Title: The End of Cryptography.]
[Bitcoin is just my attempt at financial decentralization. It has been successful in the past 15 years, but now it is no longer safe.]
[Maybe we can only rely on new tools and new methods to solve this problem, but for now …]
[Let's stop.]
After this post came out.
The entire forum went silent for a few seconds.
Then, in less than half a minute, it was as if a bomb had been thrown into the entire forum, and it instantly exploded!
If this post was posted by someone else, it wouldn't be a big deal. Not to mention the repercussions, it might even attract a few taunts.
However, the problem was that this account was obviously not ordinary.
The owner was the world-famous mathematician and cryptographer, the man who invented Bitcoin —
Satoshi Nakamoto!
…
Almost at the same time, in an office of the Chicago Mercantile Exchange Group, a Jewish man in his fifties put down the newspaper in his hand and looked at the white assistant standing across the desk.
"Bitcoin is no longer safe."
His name was Baruch. As a professional manager of the Chicago Mercantile Exchange Group, he was responsible for managing investment funds for important clients of the Chicago Mercantile Exchange Group. He handled more than US $50 billion in funds.
After reading the first-hand report on the quantum computer in the Wall Street Journal, he immediately made a judgment based on his previous understanding of quantum computer technology. The price of Bitcoin was bound to collapse.
Therefore, it only took him less than a minute to think before he spoke.
"Prepare to short sell."
Hearing Baruch's instructions, the white assistant nodded and asked seriously.
"What rules do we follow?"
Baruch thought for a while and spoke.
"Just follow the 100 dollar line."
…
As the "victim" of quantum computer technology, the first to be affected were the bitcoin players.
The Chicago Board Options Exchange, which was the first to launch Bitcoin futures and had perfected shorting Bitcoin financial instruments, had placed tens of billions of dollars of short orders on Bitcoin in less than a day.
Short-selling refers to when investors or a group of people believe that the market price of Bitcoin will fall in the future. They borrow Bitcoin and sell it at the current price, and then return it at a certain price in the future.
If his judgment was correct, he would be able to make a profit. If not, he would suffer a loss.
The total market value of Bitcoin in the world was only a little more than 100 billion USD. Tens of billions of USD of empty orders were almost equivalent to 10% of the total market value. Considering the accounts that sold because of the price drop, the result was obvious.
To put it bluntly, almost all cryptocurrencies, including Bitcoin, were essentially a bunch of "special solutions" generated by a bunch of complex algorithms.
Just like a special solution to a system of equations, every special solution could solve the equation, and every special solution was unique.
If we were to use banknotes as an analogy, Bitcoin would be the crown number of a banknote. When you know the crown number of a banknote, you would own that banknote.
The process of mining was to constantly search for a special solution to this system of equations through a huge amount of calculations.
This kind of cryptocurrency designed based on cryptography had the advantage of being able to avoid regulation because of its decentralization.
But on the other hand, this kind of virtual asset without any credit entity as a guarantee was like a piece of draft paper thrown into a shredder in the face of a quantum computer that specialized in cracking all kinds of passwords. It was completely vulnerable.
Obviously, Mr. Baruch, a professional trust manager, wasn't the only one who saw through this.
Almost as soon as his company started to short Bitcoin, more than a dozen investment banks and financial companies also quickly entered the battlefield.
As the trading volume continued to increase, a large number of sell orders were issued, and the transaction price continued to fall. In less than half a day, it fell from the peak of tens of thousands of dollars all the way to the floor of 100 dollars, sweeping away hundreds of dollars from the entire plate of 100 billion market value.
Obviously, whether it was Baruch or the investors, they all underestimated the impact of quantum computers on Bitcoin.
When Baruch saw the falling price on the screen, he smacked his lips with some dissatisfaction.
He originally thought that his reaction was fast enough, but he didn't expect that he was still a bit slow. More and more peers entered the market, and it became more and more difficult to sell. The trust fund he managed only made less than a billion dollars, and the entire Bitcoin market collapsed.
He looked at the K-line chart that was falling like a waterfall and spoke.
"Fill in the short orders below $10."
"Don't you want to wait?" The assistant, who was sitting in front of the computer, looked back at Baruch and asked, "I think if we wait a little longer, we might even be able to get back the Bitcoin that we bought from below $1 USD."
"Quit while you're ahead." Baruch said calmly, "We're betting on expectations, not on Professor Lu using a quantum computer to print money."
"Okay, maybe you are right."
The assistant obediently followed the manager's instructions. The assistant placed a bill under the $10 bill and began to take back the chips they had previously thrown at the top of the hill.
In just the blink of an eye, they had looted nearly a billion dollars of wealth from countless people around the world. This was faster than the Federal Reserve's money printing machine.
His only regret was that this kind of opportunity was hard to come by in his lifetime.
The harvest was over.
The assistant, who was sitting at the desk, looked at the funds deposited in the account. He had an emotional expression on his face.
In front of him was money that he could never earn in his entire life. If only he could look at it a little longer.
However, with so much money sitting in the account, he was losing invisible costs every minute.
The assistant looked back at his boss and spoke.
"What about the funds? How should we deal with it? "
After hearing his subordinate's request, Baruch thought for a moment and spoke.
"Buy bonds."
Assistant: "All of it?"
Baruch: "All of it."
Bonds were a relatively good hedge. In the economic downturn, especially when faced with systemic financial risks, whether it was various trust funds or other central banks, they would buy US bonds as an alternative hedge.
Although it was just a hunch, Baruch's many years of experience as a trust fund manager had given him a professional sense that was sharper than a hound's.
But now, his professional sense was telling him that behind the seemingly calm financial market, there was an undercurrent that might be more terrifying than he had imagined.
This undercurrent was being driven by emotions, restlessly tearing at everything.
The scene that happened in the bitcoin market was just a microcosm of this turbulent undercurrent …
Baruch took out a cigarette from his pocket and was about to walk to the window to light it up.
However, the phone in his pocket began to ring. He had to put the cigarette back and take out his phone.
He pressed the answer button in his ear. Because he was in a good mood, he spoke with joy.
"Clement? Why are you suddenly calling me, my old friend? "
"You're still in the mood to laugh? Jesus … "
The voice on the other end of the phone was full of anxiety and disbelief. However, Baruch, who was in a good mood, didn't notice the unusual tone in his old friend's voice. He thought that he had just made a bad deal, so he smiled and comforted him.
"You don't know what just happened …"
However, just as Baruch was about to describe in detail how he relied on his foresight and courage to dominate the bitcoin market, his old friend interrupted him.
"Yeah, you don't know what just happened. I suggest you look at the Dow Jones Index! Damn it, oh my God! It was the wrong decision to discuss this with you! "
The call ended with a beep.
Baruch frowned and moved the phone half an inch away. He looked at the disconnected call on the screen and felt a trace of uneasiness in his heart. This uneasiness was eroding all the positive emotions in his heart.
When he thought about his old friend's anxious tone, he suddenly realized something.
Baruch didn't dare to hesitate. He quickly returned to his desk and sat down. He quickly opened the trading software and logged into his management account.
However, the moment his eyes met the screen, he was stunned. The cup on the table fell to the ground with a clatter.
When the assistant heard the noise from the boss's side, he quickly stood up and looked at him.
"What happened? BOSS。”
There was no response.
His boss, who was sitting in front of the computer desk, looked like he was petrified. He sat there motionlessly.
Looking at the scene of mountains and rivers turning red, Baruch's old face turned red for a moment, and then the blood slowly faded away. Finally, his face turned as pale as a cement wall …
It's over …
It's too late …
Everything is over.
Just when they were dominating the bitcoin market, a financial tsunami swept through the entire NASDAQ, causing the Dow Jones Index to fall by 8 points. Trillions of market value disappeared out of thin air.
And the account he managed …
The money he had just earned was probably not even enough to make up for the loss he had just made.
Suddenly, Baruch's vision blurred. He prepared to stand up, but his hands, which were holding onto the handrail, suddenly seemed to lose all their strength, as if they were weightless and suspended in the air.
He sat back down in the chair, and his bloodshot eyes suddenly turned black.
Just before his consciousness was about to fall into darkness, he heard a faint voice in his ears.
"The boss fainted! Call an ambulance!"
"Press his chest, I'll give him mouth-to-mouth resuscitation!"
"…"
After that, he couldn't hear anything …
Lamp pen
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