Chapter 1199

Because the update of secret algorithm has been completed in advance, the news of commercial quantum computer technology has not brought any impact on the communication security and order of China.

Apart from the small amount of confusion caused by the initial panic, as well as some old people and women who did not know the truth went to the bank for a round of trouble, there was basically no substantive impact.

However, compared with the unique scenery of China, other countries are not so lucky.

P2P foundation forum.

In this world's most famous blockchain community, the geeks who are proficient in cryptography, as well as those who don't know the truth, are discussing the impact of this event.

However, at this time, an account that has been silent for many years suddenly surfaced and participated in the discussion.

The end of cryptography. ]

[bitcoin is just an attempt of 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. As for now ]

[take it as you see fit. ]

after this post.

The whole forum was eerily silent for a few seconds.

Then, in less than half a minute, the whole forum was like being thrown into a bomb, which exploded instantly!

If this post is sent by other people, it's nothing, let alone cause any repercussions. I'm not sure it will attract two or three taunts.

However, the problem is that this account is obviously not so general.

Its owner is the world-famous mathematician and cryptographer, the man who invented bitcoin -

Nakamoto!

……

Almost at the same time, in an office of the Chicago Mercantile Exchange Group, a Jewish man in his fifties put down his newspaper and said to the white assistant standing across the desk.

"Bitcoin is not that secure anymore."

His name is Baluch. As a professional manager of the Chicago Mercantile Exchange Group, he is responsible for the management of credit investment funds for important customers of the group, with more than 50 billion dollars in funds.

After reading the first-hand report of the Wall Street Journal on quantum computers, he immediately made a judgment based on his previous understanding of quantum computer technology, and the price of bitcoin is bound to be unsustainable.

So, it took him less than a minute to think, and he said.

"Prepare to short."

The white assistant nodded at Baruch's orders and asked earnestly.

"According to what principle?"

Baluch thought and said.

"Just follow the line of $100."

……

As the "victims" of quantum computer technology, bitcoin players are the first to suffer.

In less than a day, the Chicago options exchange, the first to launch bitcoin futures and with perfect financial instruments for short selling of bitcoin, has registered tens of billions of US dollars of short orders against bitcoin.

The so-called short selling operation means that 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 take it back for repayment at a certain price in the future.

If the judgment is correct, we can gain profits, otherwise we will suffer losses.

The global market value of bitcoin is only more than 100 billion US dollars, and the short orders of tens of billions US dollars are almost 10% of the total market value. Considering the accounts that have been sold because of the decline, the result can be imagined.

In fact, almost all cryptocurrencies, including bitcoin, are essentially "special solutions" generated by complex algorithms.

Just like the special solution of a system of equations, each special solution can solve the equation, and each special solution is unique.

If you compare notes with bitcoin, it's the number of the crowns. When you know the number of the crowns on a note, you have the note.

And the process of mining is to seek the special solution of this equation group constantly through the huge amount of calculation.

This Cryptology Based currency, although because of decentralization, has the hidden advantage of avoiding supervision.

But in contrast, this virtual asset without any credit subject as a guarantee, in the face of quantum computer, which is a big killer of all kinds of passwords, is just like a piece of draft paper thrown into the shredder, which is vulnerable at all.

Clearly, it is not just Mr. Baluch, the manager of the professional trust, who sees through this.

Almost when his company started short selling bitcoin, more than ten investment banks and financial companies rushed into the battlefield.

With the constant enlargement of trading volume, a large number of sales orders are released, and the transaction price keeps falling. In less than half a day, it has fallen all the way from the top of tens of thousands of dollars to the floor of one hundred dollars, and swept tens of billions of dollars away from the plate of the whole hundred billion market value.It's clear that both Baruch and the investors who have flocked to it have underestimated the impact of quantum computers on Tete.

Seeing the final decline of the transaction price on the screen, Baluch smacked his lips unsatisfied.

He thought his reaction was fast enough, but he didn't expect to move a little slower. More and more peers came in and it was more and more difficult to ship. The trust fund he managed made less than a billion dollars, and the whole bitcoin market collapsed.

Facing the K-line map falling like a waterfall, he said.

"Fill in the short sale form below $10."

"No more waiting?" Looking at the huge amount of empty bills excitedly, the assistant sitting in front of the computer looked back at Baruch and asked, "I feel like we can even pick up the bitcoin from the bottom of one dollar."

"Take it as you see fit," Baluch said calmly. "We're betting on the expectation that Professor Lu will actually print money with a quantum computer."

"Well, maybe you are right."

At the manager's request, the assistant hung up the bill below $10 and began to pick up the chips they had thrown from the top of the hill.

Just by fingering, they robbed nearly a billion dollars of wealth from the hands of countless ⑨ dishes around the world, which is faster than the Federal Reserve's money printing machine.

The only regret is that I'm afraid this kind of opportunity will never happen once in my life.

End of harvest.

Looking at the funds deposited in the account and the assistant sitting at the desk, his face showed an expression of emotion.

In front of him is the money he won't earn in his life. If only he could watch it a little longer.

However, so much money is deposited in the account, and the invisible cost is lost every minute.

Looking back at his boss, the assistant asked.

"What about the recovered funds? How to deal with it? "

Hearing his subordinates' request, Baluch said after a moment's meditation.

"Buy bonds."

Assistant: "all?"

Baruch: "all."

Bond is a good hedge. In the economic downturn, especially in the face of systemic financial risks, whether trust funds or other central banks, they will buy US bonds as an alternative operation to hedge risks.

Although it is only a premonition, his many years of working experience as a trust fund manager has made Baruch have a keen sense of career than a hound.

Now, his professional sense of smell is telling him that behind the seemingly calm financial market, there is a dark current that may be more terrible than he imagined.

This undercurrent is being driven by emotions, biting all this restlessly.

What happened in the bitcoin market is just a microcosm of this turbulent undercurrent

Baluch took a cigarette out of his pocket and went to the window to light it for himself.

But just then, the phone in his pocket rang, so that he had to put the cigarette back and take out his mobile phone.

He reached his ear and pressed the connect button. Because he was in a good mood, he said with a flying face.

"Clement? Why do you suddenly think of calling me, my old friend? "

"Are you still in the mood to laugh? God... "

The voice on the other side of the phone was full of anxiety and disbelief. However, Baluch, who was in the mood of complacency, didn't notice the unusual tone of these old friends. He just thought that he had made a loss business, laughing and comforting.

"You don't know what just happened..."

However, just as Baruch was about to elaborate on how he had the qualities of vision and courage, his old friend interrupted him when he was killing all sides in the bitcoin market.

"Yes, you don't know what happened just now. I suggest you take a look at the Dow Jones index! Damn it, my God! It's a wrong decision to consult with you! "

The phone beeped and hung up.

Baluch frowned, moved his cell phone half an inch away, and looked at the disconnected phone on the screen. He felt a little uneasy, which was eroding all the positive emotions in his heart.

Thinking of his old friend's anxious tone, he suddenly realized something.

Without any hesitation, he quickly went back to his desk and sat down. Baruch quickly opened the operation software and logged in his management account.

However, in the moment when his eyes were facing the screen, he was stunned, and the cup on the table hit the ground with a bang.

Hearing the noise from the boss, the assistant quickly stood up and looked at him.

"What happened? BOSS。”

There was no response.I saw his boss sitting at the computer desk, as if he had been petrified, sitting there motionless.

Looking at the red scene of the Wanli River and mountain, Baruch's old face suddenly turned red, then the color slowly faded, and finally turned to a pale cement wall

It's over

It's too late

It's all over.

Just when they were killing all sides in bitcoin market, a financial tsunami swept the entire NASDAQ plate, driving the Dow Jones index down 8 points in the session, and the market value of over trillion evaporated.

And the account he manages

I'm afraid the little money he just made is not enough to fill in the change he just lost.

Suddenly, there was a trance in front of him. Baluch was ready to stand up, but the hand holding the handrail suddenly seemed to have lost all its power and hung in the air like weightlessness.

A fart. Gu sat back on the chair, his bloodshot eyes suddenly black.

Just before his consciousness was about to fall into the darkness, there was a faint and empty cry in his ear.

"The boss fainted - call an ambulance!"

"You press him on the chest, I'll give him artificial respiration!"

“……”

Then, he couldn't hear anything