Quantum Computing vs. Bitcoin: Could Willow Endanger Your Digital Wealth?

PatriotR Daily News 12/16/24

FINANCIAL NEWS

Quantum Computing vs. Bitcoin: Could Willow Endanger Your Digital Wealth?

Google’s quantum computing chip, Willow, capable of solving problems in minutes that would take supercomputers septillions of years, poses a potential existential threat to Bitcoin. With its unparalleled speed, Willow could:

  • Overtake Bitcoin’s Network: Seize control of the blockchain, enabling censorship, reordering, or double-spending of transactions.

  • Rewrite the Blockchain: Outpace miners to manipulate transaction history, causing chaos for Bitcoin users.

Why Gold Offers Stability

As quantum computing advances, gold remains a reliable safeguard against technological risks:

  • Immune to Quantum Threats: Its physical nature shields it from computational vulnerabilities.

  • Proven Hedge: Gold’s historical stability makes it a dependable alternative to volatile digital assets.

The Need for Action

While Willow’s immediate impact may be limited, Bitcoin developers must act swiftly to adopt quantum-resistant technologies. For investors, diversifying with gold can protect against the unpredictable risks of the quantum era. Read More.

CURRENCY NEWS

The End of Dollar Dominance? East vs. West and the Looming Global Currency Shift

The annual BRICS Summit in Kazan highlighted the growing push among developing nations to move away from the U.S. dollar. Russia, despite Western sanctions, has strengthened its economic ties with BRICS nations, further challenging the dollar’s status as the global reserve currency. At the summit, Vladimir Putin showcased a symbolic BRICS "bank note," emphasizing the bloc's longstanding efforts to create a multilateral currency system.

Key Points:

  • Declining Western Influence: The dollar’s dominance, established under the Bretton Woods Agreement, is increasingly challenged by BRICS nations and global conflicts, including the Ukraine war.

  • Economic Vulnerabilities: The U.S. faces severe stagflation, escalating debt, and geopolitical instability, with a $6 trillion increase in national debt over two years and a debt-to-GDP ratio of 124%.

  • Dollar Dump Risks: Tariffs aimed at reinforcing the dollar could accelerate its decline, as nations explore alternative payment systems and reserve currencies.

  • Globalist Agendas: Institutions like the IMF and WEF are advancing cashless systems and Central Bank Digital Currencies (CBDCs), which could further erode the dollar’s global influence.

A Path Forward:

The article argues the U.S. must prepare for inevitable changes by backing its currency with hard commodities, bolstering domestic manufacturing, and localizing its economy. Without such measures, the dollar’s decline could bring devastating economic consequences. With tensions between East and West escalating, a global shift away from the dollar is becoming unavoidable. Read More.

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