Why have most governments been relatively friendly to cryptocurrencies when we all see how obvious the threat digital currencies pose to control? After asking this question repeatedly for months I got an answer which came in a vision in the shower. I call it the "private key spreadsheet" because this is how the person that has access to it thinks of it.
This simple Microsoft Excel document has nearly all of the information necessary to open the wallets of all the major cryptocurrency exchanges such as Poloniex, Bittrex, Coinbase, Bitstamp, etc. All of these were cracked by quantum computers most likely under the control of the National Security Agency (NSA) which monitors all electronic communications on earth in real time as was already leaked by former employee Edward Snowden several years ago along with details of how the US government has been actively collaborating with extraterrestrial forces since World War II. Over the last 70 years, these eight foot tall white humans from another planet have given the USA the majority of the advanced technology we use today in exchange for helping them to discretely rule this world.
Over the last two years as Bitcoin, Ethereum, Litecoin, and the rise of altcoins showed the highest levels of governments the rising power of blockchain technology in the hands of users not under direct supervision, the logical response was to put a few of the agency's best computer scientists to work using quantum computers to basically brute force the private keys and encryption on the most vulnerable targets which were the exchange wallets because these wallets are easy to locate and hold massive amounts of digital currency.
Armed with the ability to instantly destroy the top exchanges and end user trust in these cryptocurrencies, the government now can afford to play nice without having to fear a revolution in money. Would you join me in learning more about this, because I think this is critical information for all of us investing in cryptocurrencies to be aware of in considering our future?
The Cryptocurrency Kill Switch
I'm grateful today that I have about $100,000 in Steem which is the only cryptocurrency I feel has mass adoption potential going forward. Meanwhile, I realize this can be all taken away with just an email because of simple facts we can each look up online.
How did I figure this out? Since I've been investing in cryptocurrencies over the last several years, I've continued to ask one question:
Why are governments not acting more scared and confrontational with cryptocurrencies? Governments are looking at potentially being wiped out by all these cryptocurrencies, these revolutionary financial instruments that allow individuals like you and me to take control of money.
With us taking control of money as individual citizens, we are also potentially taking the power away, the number one instrument of power away from governments.
I've continued to ask:
Why aren't governments fighting back the way say I would fight back if my wife invited another attractive man to stay with us and kept bringing more and more of them home?
Why don't governments try to just ban cryptocurrencies or regulate them to death, or take other actions that are hostile or confrontational towards cryptocurrencies? I continue to ask this question because as an investor in cryptocurrencies, this one thing kept not adding up and kept bothering me.
I got an answer.
I call it the "Private Key Spreadsheet."
Now, what I'm showing you here is a publicly available Bitcoin private key database located here http://directory.io. This has all the private keys for every Bitcoin wallet apparently in this.
Now, at first you might think, “Oh my god.”
It’s no big deal because as you can see there's a lot of pages. If we go over here, that's a thousand, then that's a million, a billion, a trillion…
You can see Bitcoin works because while you can generate every single private key, then how would you know which wallet to load this address into? On top of that, how would it be possible to break encryption on a wallet with that private key in it?
Theoretically, if just by dumb luck you loaded up these private keys, you could use a private key and just randomly open a wallet assuming it wasn't encrypted which is probably true of many wallets in all different digital currencies. For months I had a Dash masternode in a wallet that was unencrypted because I was scared of locking myself out of my own wallet!
This means you could theoretically, in simple terms, just pull a private key and load up a wallet, but the odds aren’t very good if you look at all these numbers.
There's one thing that's going to essentially ruin this, it’s called "Quantum computing."
The current computers we have are powerful, but Quantum computers are predicted within five years to be able to essentially crack the algorithms that protect cryptocurrencies.
This means that computers could sit there and just figure out exactly which private key to un-encrypt information, just by Brute Force, essentially, by using an algorithm that the computer is so fast, it can sit there, and just figure it out.
Google expects to achieve what's called "Quantum Supremacy" by the end of 2017. IBM says that the best classical computers will be beaten on some task within about five years.
Quantum Supremacy has not been achieved yet and some skeptics doubt it will ever be. There are obstacles to it, there are various reasons people suggest it's not achievable, but here's the thing.
Do you think our governments give out the very best technology as soon as it is available?
Or is it more likely our governments have the best technology first, and then allow it to be publicly released through companies afterwards?
Let’s look back in history a little bit.
In World War II, when we were researching atomic bombs, do you think this was immediately publicly available as well?
No, in fact, that information was kept secret, and an atomic bomb was dropped on people, and killed hundreds of thousands of people, before hardly anyone even knew about it.
Yet our government — I'm in the USA — had this information way before anyone else did.
Now, do you think that process has simply stopped?
Do you think the government makes available the very best computers in public when companies are sitting there and making new discoveries?
Do you think the government just lets this go on?
Or do you think they come in and say, “Hey, you're going to give this to us first, and then you can make this publicly available in five years.”
I am certain that the government already has Quantum computers.
The government not only has one or a couple working Quantum computers, the government has a lot of Quantum computers already. The government has had Quantum computers for years, that's why we are seeing things like this where companies are expecting to achieve Quantum Supremacy.
Why are they expecting to achieve that?
Google expects to achieve Quantum Supremacy in just a few years. The government already has computers powerful enough to crack almost every single cryptocurrency, and not only does it have computers powerful enough to do that, the government has already done that.
All these cryptocurrencies we see here, the government has gone through, just to make sure it's possible, and cracked the private keys on the biggest wallets.
You can see exactly that the addresses each have matching private keys to them, and I call it the "Private Key Spreadsheet," but obviously there's more than that, that's the simple version of it.
The government has a spreadsheet in something ordinary like Microsoft Excel or something like that. It literally has a spreadsheet that could be given to a hacker who could allow all the Bitcoin and all the other currencies with high volume and high value, to just be taken all off an exchange at once.
With one email, this spreadsheet could be sent out to any hacker or done internally to make sure things didn't get messed up. The government has the ability to wipe out all user trust in cryptocurrencies at the drop of a hat.
Now, this is just simply logical, when we look at the things that are available and that are already publicly being discussed, it's only reasonable the government is at least 5 if not 10 years ahead on these things.
It's only reasonable that what was done in the past such as secret research projects, is continuing now, it is public knowledge. The government has gigantic secret research bases often referred to as Area 51 and 52. It is even theorized that there's a secret government that really runs the country, and makes phone calls to politicians, and tells them what to do, and they end up having accidents or being killed if they don't follow the instructions.
Now, you can get further out into those things if you want to, this is just logical. The government has technology that’s superior to our own. The government has the addresses which are easily obtainable directly from cryptocurrency exchanges. The government use Quantum computers to crack all the wallets open, and at any time can clean the wallets out for all of the top exchanges just by sending an email and that would immediately crush the whole market.
Imagine if one or two huge exchanges got their whole wallet cleaned out at the same time. It would ruin all trust, there’d be a massive sell-off, and cryptocurrencies would essentially die.
Now, I'm not saying this is something we should be afraid of, this explains why governments do not need to fight cryptocurrencies. Governments do not need to attack cryptocurrencies because governments — I don't know if every government in the world per se, but I'm certain the US government and allies — have the ability to crush cryptocurrencies at the drop of a hat.
I would guess China does not have this ability. You can see their responses, and essentially the regulations and the fear there.
Think about it this way, if you could end the cryptocurrencies at any time, there’d be no reason to fear them. When you can just push a button, send an email and cryptocurrencies will be wiped out, there's no reason to attack them or be afraid of them, in fact, it's kind of a fun game.
“Oh, let's see what these people do with these cryptocurrencies. If they get out of hand, we will regulate them at a minimum just to keep things reasonable, but if they really start to make a big difference, we can just wipe them out, and it won't be a big deal.”
I think this is really valuable information to have a hold of, I'm very grateful today that I just logically put this together: a Bitcoin and private key database, plus Quantum computers to crack encryption, and that's it, that's all you'd need to do.
Final words
Thank you very much for reading this post, which was originally filmed as the video below!
If you thought this sucked and I’m a stupid conspiracy theorist, and you hate me, and I should just kill myself, I welcome your feedback in the comments because I am sure you will find another that agrees with you!
I appreciate you being here and I hope you have a wonderful day today.
If you found this post helpful on Steemit, would you please upvote it and follow me because you will then be able to see more posts like this in your home feed?
Love,
Jerry Banfield with edits by @gmichelbkk on the transcript by GoTranscript
Shared on:
- Facebook page with 2,248,594 likes.
- YouTube channel with 205,327 subscribers.
- Twitter to 105,304 followers.
PS: Witness votes are the most important votes we make on Steem because one vote for a witness lasts indefinitely! Would you please make a vote for jerrybanfield as a witness or set jerrybanfield as a proxy to handle all witness votes at https://steemit.com/~witnesses because when we make our votes, we feel in control of our future together? Thank you to the 516 accounts voting for me as a witness, the 190.6M VESTS assigned from users trusting me to make all witness votes by setting me as proxy, and @followbtcnews for making these .gif images!
Not sure how accurate this is but I've heard that if you can imagine each grain of sand in the whole world containing a whole worlds full of grains of sand then you are getting close to the number of possible Bitcoin addresses.
David
The Steemit Shop
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Sounds about right! Just like with sand if we know where to look we could go find a specific grain!
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Not worried. If the government has quantum computers they will just fuck them up - like everything else they touch...
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Theres a chinese robinhood story that explains why you should be worried, even if there are that many BTC addresses:
A wise chinese man does a favor for the king. The king offers to pay him lavishly for his favor, but instead, the chinese man tells the king to simply pay him 1 grain of rice on day 1, 2 grains of rice on day 2, and then 4, 8, 16, etc. The dumb king laughs and thinks the old man foolish, until 30 days later the king must pay the wise man over 1 trillion grains of rice.
Imagine that bitcoin addresses are the grains of rice. Quantum computers can exhaust through the space of all bitcoin addresses at the same rate the wise man was being paid in rice.
The cryptocurrency community needs to be aware of this vulnerability because many currencies are secured only through problems that would take thousands of years to solve on a traditional computer, but are easily solved by quantum computing. Blockchains need to start implementing quantum-resistant cryptography algorithms in order to truly be secure.
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Interesting
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I don't know whether quantum computers will attack crypto world. I wish if it won't happen. Or else block chain should take safety precautions to avoid from attack of quantum computers.
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Thank you Jerry :-) This is your opinion and I respect it. I have read Russian scientist worked out a way to protect the blockchain technology from a quantum computer attack. You can find the article here https://www.technologyreview.com/s/608041/first-quantum-secured-blockchain-technology-tested-in-moscow/
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Nice reference!
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Yes, it is from MIT technology review! For me is the best source of information about technology.
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It's not the gov't in control of these super technologies of quantum computing. It's in the hands of the secret control groups that control the World gov'ts. This quantum computing power was likely available before BitCoin was even known. We are always 10 years behind in the know. They now have technology that appears to be warping our time dimension, i.e. The Mandela Effect.
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I second what you shared here!
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If you got better technoloy you will evolve faster, so at this point in time to put it in some years ahead will not be realistic anymore...
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Jerry Banfield's tinfoil hat has a tinfoil hat.
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This guy needs a tinfoil hat just to contain his ridiculous hair!
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TinFoilCoin?
I'm in!
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hoax theories, coil caps, quantum super-duper comp.wake up bro,we are in 2017.no teleports,no Marty McFly and Doc with jokes about "superpositions" of elementary parts.
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The Drive to Cryptocurrencies, Who is Really Driving This Bus, by Lynette Zang
Officially, there is only 4 cents in value left out of the original 100 cents and as the value of the dollar has declined, so have interest rates. So here we are at the end of the currencies lifecycle and the only place to go now is to attack principal and that’s where negative interest rates fit in. Thus the push to cyber space. There are those that believe cryptocurrencies bypass central banks. But what if they don’t? What if they actually support the goals of the established system? What would that mean if everything we earned, owned and spent was controlled by a small group of technocrats? Today’s webinar explores these questions and more.
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Okay now you have gone and done it. Look what you have made me do, I am done with crypto before I even get started. Selling my computer and cutting my Internet cable away from my house. Look what you made me do!
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This effected me worse, I'm going to unplug the washing machine and beat my cloths with a stick by the river.
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You've got a stick?!?! The government took mine. :-(
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Mine was encrypted with 128 bits of security in a symmetric-key-based system, only my cloths and I had the symmetric key...
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haha
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omg you guys are priceless
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lol
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I don't know about conspiracies but quantom computing is not something kept secretly by governments or big companies. Several big companies are working on it which already means knowledge is not centralized. Science is published, this is no WW situation atm. AFAIK this technology is not yet worked out enough to be commercialized but I'm quite convinced it will become available to the industry and later consumers.
Quantum technology (simulated though) is already made available to the public :https://www.theregister.co.uk/2017/03/06/ibm_has_cloud_access_to_quantum_computer_400_times_smaller_than_dwave_system/
Microsoft just recently made available its language to program them:
https://www.extremetech.com/extreme/256423-microsoft-set-release-quantum-computing-programming-language
There's also a thing call post-quantum-cryptography
Also note that the moment security breaches like this occur they will most probably not focus on some 'cheap' blockchain. Think banks, financial markets, warfare, mail, cars, ... There's more to do than steal our nuts. Do you think the government is safe for it? Russians tried/succeeded in manipulating the US elections without quantum computers.
It's the same with AI. The future scares us, society needs to be careful but not afraid. We can as well embrace the future and make the best out of these advancements.
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Agreed! It helps to have humility for me when I get so excited about things like Steem to realize that there are ways for everything to be undone and end also!
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I highly disagree, the knowledge is VERY centralized. Have you done much research on the pioneering company behind Quantum Computers -- DWAVE? You should listen to the founder and CEO talk as if he's bowing down to some godlike monolith when he speaks about it. When you understand the actual true concepts of what they are doing, it's very disturbing.
Please watch THIS VIDEO
"We can build machines now that can EXPLOIT those other worlds." @ 5:02 in the video -- talking about being able to pull resources out and use parallel universes for the benefit of our world. Disturbing.
There are many theories and it's tough to even scratch the surface without a full suit of tinfoil, but I'm ready to dive down the rabbit hole if you all are as well!
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You are speaking about 'the' pioneering company. By saying that you are neglecting two facts. First you are talking about public companies in the western world. China and Russia are also doing research. Second IBM has a different approach and will have commercial models available soon as well.
A bit unrelated. Quantum computing is just one appliance of the technology. There are others. For example quantum stealth.
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Crazy! Something to think about for sure and I hope they don't drop a kill switch on crypto!!
Sincerely,
@joeparys
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Really disappointing that you fall into this shit hoax theory... The only reason the government inst fighting crypto is because they know its a fight they cant win, any regulation or banning would lead into a black market that would lead into crypto raising in price even more...
Even if governments had quantum computers ready in secret, crypto could continue with post-quantum cryptography https://en.wikipedia.org/wiki/Post-quantum_cryptography which is in fact ready to be used whenever it is needed...
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Hmm i dont know, he has a point.
Take the stealth bomber, they kep it secret for 20 years or so.
Manipulating the weather is also possible, one of the methods they use is Cloud Seeding.
No one believes it is real, but you can just look up the de-classified documents about past expiriments.
So yeah i cannot say he is right, but i can also not say he is wrong.
Military industrial complex is ahead of the most companies.
And they collaborate with Companies and al discoveries during the contract wil be kept secret most of the times.
This is nothing new, its not even a conspiracy.
Just the normal way governments and military operate.
We might never know, or maybe in another 50 years there wil be new De-classified documents.
Have a nice day!
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just think of DARPA and all the ground breaking research they did all these years.
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Is that so?
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nah, dude's a FUDster. Foil on.
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This. Also governments are usually one-step behind private individuals.
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Agree! Jerry stop conspiracy theories.
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The US government is in fact fighting it. The IRS has subpoenaed Coinbase.
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Wow. If this is a thing is a real concern,
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Very nice! I remember when we talked about this a couple weeks ago. Kinda freaky but I still think it would be hard to do.
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Excelente Hermano.. saludos desde Venezuela
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Jerry you look fucked up, everything all right?
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Hey @jerrybanfield awesome post sir.
Upvoted and resteemed.
Love you sir for your passion,
Please follow me
@juliawilliams
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Jerry, you get too worried about the extraterrestials, when it is so obvious that they are on our side and not on their side.
Proof:
You don't think a head that big is normal for humans, do you?
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Damnit! I knew it :-D
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Hi, @jerrybanfield I agree with your article most part but some questions I have what about the darknet, means if all cryptocurrency shift on the darknet?
and if they already develop quantum computer and with this, they also control darknet so way thy not control pedo or black market? and if not then I really think a darknet is a good option.
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Let's say everything you mention is true.
Let's say that 25% of the population is using it, they will embrace it to the fullest.
Actually I think they are already invest in it so deep that is why it is allowed.
A group will always benefit big from crypto. This is reality. Human nature.
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Thank You For sharing thia information
You are the best , i see you on youtube 😂👌
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Always on point @jerrybanfield...
Thanks for this insightful hardwork.
I'll surely earn money with this info you just shared.
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I am sure governments are doing there best to keep secrets but why should they do a better job on things than private companies do? All government i know are very inefficiently working and in reality influenced by the industry.
So i am not afraid. They will destroy them self as they always did. First they disrespect the ppl then the ppl get control about the things and everything starts from the beginning. :D
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Damn. So many replies here that i couldn't find mine.
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Been thinking the same, why haven't they (the Governments) stepped in and started regulation. No reaction to an unregulated financial system worth billions doesn't make a lot of sense, especially after 2008 financial disaster.
Which kinda brings you back to, they don't need to because they already have control in some way!
As for how far ahead, I think you're on the right lines with 5-10 years. Look at the at the stealth aircraft that we know about today and those that are still hidden.
Quantum computing will bring many benefits while it's used for good. As always someone will come along and throw a spanner in the works namely a Quantum virus at which point I shall shut the door on my IT career and go and live by a beach somewhere!
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started out like serious stuff, that is until you mentioned the extraterrestrials. the answer is probably more simple like who makes all the profit from the massively high transfer fees. plus its not real wealth until you cash it in and then you will have to pay tax. so it seems like the banks and government are still controlling the whole deal.
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Jerry, you think that cryptocurrency could take out one source of power that they have, which is money. That's based on a very big assumption though. The assumption is that they didn't invest half of the value of cryptocurrency when it costs nothing with billions of dollars. What if they put in billions from black budget in bitcoin when it was $10, how much do you think they have now? I don't think they'll just crash it, they'll cash out slowly and have even more $$$ while others with their 5 -10 bitcoins per person won't even get that much compared to them.
Here's my simple of formula of how I see it:
U.S. invest billions in crypto when it's not worth much $$ ---> billion people in China power up crypto increasing it in value ---> U.S. cashes out trillions --> crypto prices go down --> China needs money --> U.S. pays China debt with money made from crypto ---> peace on Earth --> ETs go to Jerry's house to thank him for promoting steem and helping create peace on Earth.
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FUD at its finest.
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I believe that the quantum era is closer than what is predicted in public. Hard to tell because quantum computing is much like A.I. in that it's an arms race. Progress is naturally secretive on just how close and how fast the research is moving, and I sense from my readings that the tech is much closer to key breakthroughs than the public at large thinks. It's also a mistake to think the tech won't move fast into the mainstream because of the cost to operate a quantum computer. That barrier will evaporate very quickly.
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Thank you @jerrybanfield ! Is a really good work , you are an example.
I have a news :
BREAKING : for who are doing short tradings , is time to sell BTC and buy after , I think at 3900$ target . Is my advice , may I mistake but this is my signal.
Thank you Steemians !
Follow @braveheart if you like my work :)
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there we can the financial politics of a country, we must be careful with it, high risk becomes a recommendation that should be considered
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OH Bravo! Very Interesting!!
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What are the chance that you would generate an already used Private Key ?
If it is possible it will happen someday.
Imagine creating a new wallet and ending up with coins already in it. That would make a nice movie premise.
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I definitely believe the US government has the potential to kill off cryptocurrencies just by outlawing exchanges and the coins. Your arguments take on some rare assumptions, but it could be possible.
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Thanks for sharing sir.
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Very good article, Jerrybruv. Some very good questions and points raised. That spreadsheet file is insane. But yes, unlikely to ever get a 'hit' on one. However like you say, quantum computers are pretty much going to crack that one shortly. If not already... It's pretty obvious people are kept in the dark about most things.
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Good information sir
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Jerry, while I agree that Steem is going to be more valuable in the future, don't put all your eggs on the same basket. You will never know if some government someday, crack down on bitcurrency overnight. They could literally raid most bitcoin exchange markets in the US if they want, and shut it down. Furthermore, the first steps have been given by banning it in China (which means, china can now arrest anyone using it or any wallet or provider).
In terms of quantum computers, China is further ahead of the US for some time... ex: https://www.theverge.com/2017/6/15/15808436/china-satellite-quantum-network-encryption-entanglement-micius
so they do have the capability if they "really" want to crack down on this.
My guess is that criptocurrency will be left alone until it becomes a real problem, so meanwhile we should profit with it.
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Thanks for sharing this info on the possible hack on algorithms that protect the cryptocurrencies by the powers that be. I doubt on the possibilities though.
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"another attractive man"
You rock, Jerry!
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good post
Information is very important and useful
Thank you for your efforts to create this post
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Not sure about the 8 foot aliens but the rest is very thought-provoking. Do you have any ideas for solutions?
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Everything is relative even with the advance in technology!
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US government has been actively collaborating with extraterrestrial forces since World War II. Over the last 70 years, these eight foot tall white humans from another planet have given the USA the majority of the advanced technology we use today
No one on Steemit will say: "That's crazy" to a guy with a 71 beside his name
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I thought he was just trying to be funny there. Was he serious?
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You bring up some VERY interesting points. However, just as there may be malevolent actors from outside this world helping govts 'enslave' the better part of humanity, there also, potentially exists a benevolent force hard at work to counteract said enslavement. I'm not particularly religious, but an epic battle of Light/Dark could be taking place not only on a spiritual/psychological dimension inside each human, but here in the physical dimension as well. Of course I have no proof of anything, just another side of the coin. Great post BTW!
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sounds highly unlikely, if the mathematicians don't have a way to crack them, the governments don't have it either.
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Glad to be part of the crypto age @banfield
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When that time comes, we would have a counter solution. Lovely article by the way.
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Haha, now we are talking mate. We are actually talking about awfully true facts here. With this post Majestic-12 & all those tall blond smart beings will know that we already uncovered them on the wild snatching them away their cloaking camouflage attire.
As always, great and kickass thought provoking post @jerrybanfield. Inviting us all to think outside the box and reflect about a couple of things beyond the Twilight Zone. :)
PS. Well, i didn't read the entire post before drop this nonsense comment of mine. But couldn't resist to rush commenting right away since you touched this topic of which I am as well very versed about. Tsk Tsk }:)
Meanwhile, ¡Upvoted this post! and I will resume immediately the reading until the end, to see with what another nonsense I could comment... in a couple of minutes. Cheers!!
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Well, ok now I already trotted through the entire article and read it all. And truth be told and in the name of shocking logic and reason. I found not the slightest flaw in your well-explored, clearly meditated and thoughtful message. I completely agree with what you have so eloquently exposed here today.
Keep healthy your little Echelon research... until the goverment and the tall blond beings decide to cut off the electric energy to all of us at the drop of that same hat pushing the Game Over button at once.
Hence, this post is also ¡Resteemed! by me to create more awareness out there about this issue. :)
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Wow, how disappointing it must be to get basically only rahrah comments when you've spent time thinking in a topic.
Sticking with the theory, it would go deeper than governmental control. Government would be the vehicle used by the 'elites', the ones who control the money. So bitcoin would be no surprise to them, in fact who really is satoshi nakimoto (sp?) anyway?
What if bitcoin was the vehicle to get people onto the Blockchain and eventually successfully eliminate all privacy and control all currencies? Bitcoin is getting the unbanked into digital.
What if this was all planned and they had all their bases covered before it even started?
Come here my little pretty, bwahahaha
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good job
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It's a question of efficiency, if you had a functional quantum computer farm, would you waste the computing power on a small percent of the market?
amazon.com has more money than the whole cryptocurrencies all together.
cryptocurrencies are too small for governments to worry about them.
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Very interesting idea, I hope that this is not true. Fortunately, governments have a long history of just not fully comprehending the magnitude of risks that they face. This failure of imagination is likely the primary reason that they are not worried about crypto. Still, you make some good and very concerning points in this video Jerry.
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You are Amazing. East or West Steemit is the best.
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This a great info to share
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Nice theory. it could be possible or otherwise wrong. But there is sure a possibility of that happening. Sooner or later the government will find a way to deal with cryptocurrency because government has the manpower and finances to do it. That time there will be a new evolution in technolgy right now it is blockchain many be in the future there will be a new technology.
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Whether or not you buy into the conspiracy theory this does raise some interesting points. Although it's generally believed the Chinese are furthest ahead in the area of quantum computing. It could still lead to the ability to crack seemingly impossible codes merely by brute force and a few algorithms.
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If the government really does have all this then I have a couple of questions:
Why doesn't the government share this information with said cryptocurrencies?
Why did they need access to apples algorithm to unlock the iphone and why couldn't they just brute force it with one of the computers?
Government - the only business that doesn't have to play in the same sandbox as all other busines and creates it own rules to go by.
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The old spy technology of a One Time Pad (OTP) is not breakable by quantum computers. This however requires one computer to have the pad as well. So instead give 1000 OTP pads to the 1000 bitcoin like nodes (miners). Each node then authenticates its code and passes it on to the next node. This would be sort of like putting in 1000 PIN numbers into the ATM for 1000 different banks. All of the banks could check your code and authenticate it. If 900 banks authenticate the code do we reallly need 901? Actually if just a few -100 trusted banks- authenticate the code do we really need all the rest. This multiple sign off process could solve the problem. The banks each authenticate their own different code. Problem solved.
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Who knows how to program this thing? We could launch the next crypto currency.... We can give it a cool name like NoQuantum; NoNSA, Cosmic (For Cosmic Radiation our source of OTP data.)
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Some of the Best Technologies are actually the simplest. One Time Pads have been used for a long time, back to the days of passenger pigeons. I believe it was back in the 1960’s when the US government and Russians wanted to have an ultra secure message system between the two countries they agreed on a one time pad. The Russians supplied one to the US. And the USA supplied one to the Russians. This was in the form of a roll of tape, like the old fashioned ticker tape, or movie real. This way both sides know they could communicate with other side without anyone else knowing what was being said.
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The computing power the government's have, we have no idea. Having major computing power might even become more stronger and destructive than an atomic bomb at some point.
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In government when there is not a viable solution, the ostrich approach -pretend the problem isn't there- is easier.
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Very interesting @jerrybanfield ! ... like always ! Keep in touch , one day me ( the little fish ) will become whale too :) . see you and congrats for your work .
With love ,
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nice and very informative article @jerrybanfield keep up the good work buddy
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I think the government under the direction of aliens have installed a Quantum plug in your ass which they use to send signals to you to write these articles. You need to go outside and get some fresh air and some sun then call Dr. Phil and see if he can help you.
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Just FYI, quantum computing offers a HUGE speedup in solving things like traveling salesman and for breaking RSA keys, but things like AES will still be safe. It "only" offers a 2x speed-up on things like iterating over a list.
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let's not fall too long in conspiracy theories...
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Warning! @jerrybanfield escaped our secret underground government lab in area 51 where we were trying to build a quantum computer brain.
Apparently he hacked his way out in seconds and no prison can hold him!
If you see him do not approach him. Do not believe any of his wild conspiracy theories or feed him after midnight.
P.S. There is nothing to see here!
P.P.S. If your reading this we know where you live.
P.P.P.S. You might want to clear your browser history before we send the aliens to get you!
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Have you ever considered writing fiction? The quantum cryptocolypse might be on hand, and a good body of post-cryptocipalyptical speculative fiction could be very useful for exploring scenarios and getting to tell us what scenarios should or should not be feared.
I'm working on a sci-fi story at the moment (posting draft chapters on steemit) that starts of with a hacker stumbling upon a quantum computing generated list of private keys that are linked to unspent outputs. The hacker uses the list to commit a quantum blockchain heist and then things go down hill real quick on a global scale.
In my story, secret QC capacity is corporate, not governmental.
Think a short story with your governmental + aliens angle might be real cool. If you have any inclination to writing fiction, I think you should give it a go.
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no jerry please do more research its not possible to crack a wallet probability is insanely low.u might have more chance building a rocket that goes from 1 town to another.
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Hmmm it is true that the government developed the atom bomb in secret and certainly the military has advanced technologies.. I just read Ivanontech's post which is similar to this one and currently Google say they are within 5 years of creating a quantum computer to completely outmaneuver anything we have today, which could then be used to brute force the hashing function of the block, which then would change the entire blockchain. This could be done in a way where millions or billions of bitcoins could then be falsely created and lead to inevitable hyperinflation which would of course destroy the currency's trust and value. So in my opinion it is possible, and if the government sees cryptos and specifically bitcoin as a major threat, I can see why they would invest to ensure they have full control over it.
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That just blew my mind @jerrybanfield lol. Just reposted it. Please comment on my recent post here: https://steemit.com/email/@qommander/what-s-the-best-way-to-add-decentralized-web-services-to-my-company-s-portfolio. I need your input @jerrybanfield :D
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I'd hope you might realize the US government doesn't have an industrial-scale chip fab to make their own hardware, unlike the Chinese government- that's obviously not the case. There are government labs that can do one-offs, but that's not sufficient for more than a few q-bits on a processor. You can't buy the processors OR the boards and backplanes off-the-shelf, there are only a few companies making ANY of the critical subsystems, and they'd jump at the chance to announce a major government contract to their share-holders.
Paranoid visions make for great internal theater, and you can write some crackin'-good sf fueled by them, but they're not very good reality filters to enable positive energies into your life...
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An excellent post @jerrybanfield. It's somewhat strange - you could pull out most government workers individually, and they'd probably believe much like the rest of us. However, the government(US) is an evil beast. It 'cares' about having complete, tyrannical control, and never, EVER losing power.
As much as I want to believe that the blockchain technology is what we've all been waiting for to change things, I'm afraid we all may be in for a big surprise. That doesn't mean, of course, that we ever give up in trying to make the world a better place. I believe that sometimes things just have to naturally evolve. People just come into a different way of thinking. Unfortunately, there are always the evil, greedy, and power-hungry individuals there to try and fight it.
Thanks for another fantastic post Jerry.
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Nice article man, perhaps not likely, but who's to say it's an impossible scenario?
This guy is pretty knowledgeable and has just posted about it!
https://steemit.com/bitcoin/@ivanli/hacking-bitcoin-programmer-explains
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Great info as always keep them coming :) @gregwarma22
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Governments and Bankers are running numbers all the time, waiting to pounce when the timing is right. Perhaps they waiting for better advantage to themselves, I hope not but only time will tell.
Theories will come and go, why they waiting nobody knows but be sure of one thing they are watching from the wings @jerrybanfield good post and totally logical.
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Very interesting and reasonable perspective @jerrybanfield. Plus, why regulate something which you have complete control over, and that something is ultimately used as a currency for consumption which ultimately generates cash from taxes that companies pay for profit? Consumption drives more consumption which generates more cash. It shouldn't be a problem for the government as long as the rate of consumption is steady.
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Haha, @jerrybanfield , the end of your video... That was great, thanks for the laugh.
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superb! Thanks for sharing!
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Quantum immune algorithm is the best solution @jerrybanfield. Upvoted!
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Jerry, man oh man! You sir ARE a Quantum Computer. Do you have like clones of you running around? How the hell do you have time to come up with and document everything you do? I am literally amazed at your breadth of information and talent.
I am not sure how I can help or pitch in but I am on for the challenge.
This is a VERY scary thing to think about.
Imagine, in a moments notice the Government could quell a crypto revolution.
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Quantum computers are long way from being able to do anything serious with them,but in near future..who knows.
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I have long suspected that the aliens have been conducting some mass experiments on human race.
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Sorry @jerrybanfield, as an IT person and programmer for 20 years having studied Andreas Antonopoulos Mastering Bitcoin, it fails the Occams razor test. See my response here...
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Valuabale info Jerry .We have to awlays keep crytical tinking .
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it seems reasonable. then u drain the wallet of a leader or leaders of
first world nations and they trace it to ur country and start ww3 on u for stealing
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Thanks Jerry!
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As a complementary information , hereafter the statistics about the top countries controlling the ownership of quantum computers :
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China will has built an unhackable quantum network that connects Beijing and Shanghai.
China has the only ‘quantum’ satellite that in June successfully relayed a quantum signal between two cities – Russia has successfully tested a 51 qubit quantum computer.
https://squawker.org/technology/acchain-all-your-blockchain-are-belong-to-us/
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This post has been ranked within the top 10 most undervalued posts in the second half of Sep 29. We estimate that this post is undervalued by $103.83 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Sep 29 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
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If the government was in collusion with space aliens then we would have been ''given" blockchain technology in a very advanced form long ago. There would be no need for forks or other growing pains. We would be using this fantastic technology in many aspects of everyday life.
Blockchain is man made and is evolving at a rapid pace, but it is evolving. Crypto currencies and tokens are allowed to exist because they provide a way to advance the technology. Also, because they are not really regulated the investors don't have many rights. So unlike stocks the government does not have to respect the rights of crypto holders.
Once the technology is perfected you can expect some aspects of blockchain to be accepted and normalized as a means to doing smart contracts or other useful non currency related things. These uses will remain in the private sector. At the same time governments around the world will adopt their own fiat crypto currencies that have many advantages over the current "paper"ones.
That is when they will say, somewhat correctly, that non government crypto currencies serve no "legal" purpose. The only purposes would be the ones that Jamie Dimon suggested. Remember even if you aren't a gunrunner, a drug dealer or even a run of the mill tax evader, you could still be considered to be in violation of capitol control laws even if all you are trying to do is preserve your buying power. Gold was once illegal to own because the government did not want to be thwarted in their effort to take your money. The way things currently are they don't have to even bother taxing you. All they need to do is print all the money they need, making your money worth less and less. Essentially transferring wealth from you to them.
The irony is that criminals will always be able to use this technology to transfer wealth, as all they have to do is all agree that it has value. But that is not the real threat to tgovernments. The real threat is everyday people by passing the system of central bank control. That is why things like Bitcoin will be the victims of their own success. The good news is that they have a long way to go before becoming a real threat, so a lot of money can be made in the short term.
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how do i downvote here!? because
https://www.coindesk.com/bitcoin-protocol-hack-joke/
what good does this post do if you are scaring everyone about crypto and their security? you are doing much harm to the community.
This is a bad post just for the likes and upvotes.
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How can options ever be harmful. To put the totality of you trust in anything (other than yourself ) seems flawed to me. Just one mans opinion. But I would say if you have a large amount in a wallet just sitting there without a intent to use it for some project then you might want to rethink what you are doing. At this time cyrto's are not money but they are indeed currency. Hopefully we all know the difference.
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I have to agree, ( I have no knowledge about a spreadsheet.) However, I suggested this quantum-computers idea in a post 3 years ago.
http://geneticmemory.org/index.php/current-state-of-the-matirx/33-a-goldbug-s-look-at-bit-coin
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Congratulations @jerrybanfield!
Your post was mentioned in the hit parade in the following categories:
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Can we just change the code to be quantum resistance. Like: IOTA is a quantum resistance cryptocurrency.
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ive been wondering about this for a while, especially now that computers like this are on sale.....
https://steemit.com/technology/@pcste/next-gen-pc-s-nvidia-dgx-1-deep-learning-server-8x-tesla-p100-2x-xeon-e5-2698-v3-128gb-hbm2-gbp178-265-98-inc-vat
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WHOA- MINDSPLOSION!!!
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If the USA felt that keen on it's ability to control BC in general, they wouldn't have banned ICOs. Likewise, the idea Steem is the only crypto with a future is laughable, you just like the idea of having a reliable income in the future.
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