Why quantum computers won't break the internet
Yes, I know Diffie Hellman is used to pass the session key, AES, which is already quantum resistant.
The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has chosen the first group of encryption tools that are designed to withstand the assault of a future quantum computer, which could potentially crack the security used to protect privacy in the digital systems we rely on every day — such as online banking and email software. The four selected encryption algorithms will become part of NIST’s post-quantum cryptographic standard, expected to be finalized in about two years.
“Today’s announcement is an important milestone in securing our sensitive data against the possibility of future cyberattacks from quantum computers,” said Secretary of Commerce Gina M. Raimondo. “Thanks to NIST’s expertise and commitment to cutting-edge technology, we are able to take the necessary steps to secure electronic information so U.S. businesses can continue innovating while maintaining the trust and confidence of their customers.”
The announcement follows a six-year effort managed by NIST, which in 2016 called upon the world’s cryptographers to devise and then vet encryption methods that could resist an attack from a future quantum computer that is more powerful than the comparatively limited machines available today. The selection constitutes the beginning of the finale of the agency’s post-quantum cryptography standardization project.
“NIST constantly looks to the future to anticipate the needs of U.S. industry and society as a whole, and when they are built, quantum computers powerful enough to break present-day encryption will pose a serious threat to our information systems,” said Under Secretary of Commerce for Standards and Technology and NIST Director Laurie E. Locascio. “Our post-quantum cryptography program has leveraged the top minds in cryptography — worldwide — to produce this first group of quantum-resistant algorithms that will lead to a standard and significantly increase the security of our digital information.”
#quantum #quantumcomputing #crypto
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Federal Reserve interest rate cuts ahead: A historic look
A Federal Reserve official on Thursday raised the possibility the central bank may not cut interest rates at all in 2024, deflating Wall Street's expectations that several reductions could be in store later this year.
"If we continue to see inflation moving sideways, it would make me question whether we needed to do those rate cuts at all," said Federal Reserve Bank of Minneapolis President Neel Kashkari in an interview with Pensions & Investments magazine that was broadcast on LinkedIn.
Kashkari, who said he had previously predicted two rate cuts this year, added, "If we continue to see strong job growth, strong consumer spending and strong GDP growth, then that raises the question in my mind, "Well, why would we cut rates?' Maybe the dynamics we have right now are sustainable."
Kashkari's comments come a day after Fed Chair Jerome Powell said the central bank is likely to lower its benchmark rate later this year, providing relief to consumers and businesses paying sharply higher borrowing costs after 11 rate hikes in two years. But inflation has remained stubbornly above 3% this year, even picking up speed in February, prompting Powell to caution the Fed is wary of cutting rates too quickly.
"What Kashkari did was deliver a cruel potential reality for the market — that inflation remains stubborn — and the Fed, not wanting to repeat the policy errors of the 1970s, may be forced to retreat from suggesting a rate-easing cycle," Quincy Krosby, chief global strategist for LPL Financial, said in an email.
Sticky inflation and stronger-than-expected economic data "keeps the Fed speakers on higher alert, such as Khaskari, who said he penciled in two rate cuts in the dot plot but keeps the option of 'no cuts' if inflation stalls," noted Ben Emons, senior portfolio manager at NewEdge Wealth in a research note.
Emons noted that stocks took a dive after Kashkari's 2 p.m. ET interview as investors digested the possibility of no rate cuts in 2024. The S&P 500 shed 1.2%, while the Dow Jones Industrial Average lost 1.4%.
#finance #crypto #cryptocurrency #federalreserve #federalreservebank #blockchain #ethereum
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Where does money come from? Fractional Reserve Lending Explained
What Is Fractional Reserve Banking?
Fractional reserve banking is a system in which only a fraction of bank deposits are required to be available for withdrawal. Banks only need to keep a specific amount of cash on hand and can create loans from the money you deposit. Fractional reserves work to expand the economy by freeing capital for lending. Today, most economies' financial systems use fractional reserve banking.
The fractional reserve banking process creates money that is inserted into the economy. When you deposit that $2,000, your bank might lend 90% of it to other customers, along with 90% from five other customers' accounts. This creates enough capital to finance $9,000 in loans.
Your balance still reflects $2,000, and the customers that the bank borrowed from also see their balances remain unchanged. If all five customers have account balances of $2,000, it will look something like this:
You and four other customers have $2,000 each, deposited in savings accounts that pay 1% per year.
If the bank can use 90% of its deposits for loans, the available capital is $9,000 (90% of $10,000).
A sixth customer asks for a loan of $1,000.
The bank borrows 10% from each of the five accounts, totaling $1,000.
There is still a balance of $2,000 in each account ($10,000 total between the five accounts).
The bank essentially created $1,000 and lent it to the borrower at 5% per year.
You receive interest payments of 1% per year on your $2,000, and the bank pockets the difference of 4% as profit.
When you create an account at a bank, in the contract, you agree to allow that bank to use a percentage of your deposits as loans to other bank customers. This doesn't mean you don't have access to the money you deposited; it only means that if you want to remove more than the percentage a bank keeps on hand, such as the entire balance, from the account, the bank will need to access funds from somewhere else to give you your balance.
#banking #crypto #blockchain #bitcoin #ethereum #gold #finance
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They're Rebuilding King Solomon's Temple
To meet the requirements of the Old Testament law, a red heifer was needed to help accomplish the purification of the Israelites from uncleanness—specifically, the ashes of a red heifer were needed (see Numbers 19). Because red heifer ashes were necessary for the purification rites held at the temple, many have regarded the appearance of a red heifer today as heralding the construction of the third temple and the return of Christ.
According to rabbinical tradition, there have been nine red heifers sacrificed since Moses’ time. Since the destruction of the second temple, no red heifers have been slaughtered. The rabbi Maimonides (1135—1204) taught that the tenth red heifer would be sacrificed by the Messiah Himself (Parah Adumah, ch. 3, § 4). The Temple Institute, a group advocating the construction of a third temple, reports that five flawless red heifers from Texas arrived in Israel on September 15, 2022 (https://templeinstitute.org, accessed 9/22/22). Many people view this event as a fulfilment of prophecy, since the acquisition of a red heifer is a major step forward in plans for a new temple.
The Mosaic Law specified that the red heifer was to be “without defect or blemish” and to have never borne a yoke (Numbers 19:2). The sacrifice of the red heifer was unique in the law in that it used a female animal, it was sacrificed away from the entrance to the tabernacle, and it was the only sacrifice in which the color of the animal was specified.
The slaughtering of a red heifer is described in Numbers 19:1–10. Eleazar the priest was to oversee the ritual outside the camp of the Israelites. After the animal was killed, Eleazar was to sprinkle some of its blood toward the front of the tabernacle seven times (verse 4). Then he left camp again and oversaw the burning of the carcass of the red heifer (verse 5). As the red heifer burned, the priest was to add “some cedar wood, hyssop and scarlet wool” to the fire (verse 6).
The ashes of the red heifer were then collected and stored “in a ceremonially clean place outside the camp.” The ashes were used “in the water of cleansing; it is for purification from sin” (Numbers 19:9). #christiantiktok
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Solana - Interesting Crypto Projects Series
Solana is a high-speed layer-1 blockchain created in 2017 that aims to scale throughput beyond what is commonly achieved by popular blockchains, like Ethereum and Bitcoin, while maintaining low costs.
It boasts a unique consensus mechanism called Proof-of-History that allows Solana to process transactions almost instantly. Solana can theoretically process more than 65,000 transactions per second without scaling solutions, thanks to this lightning-fast timing mechanism, which is a version of proof-of-stake.
Solana also has a vibrant non-fungible token (NFT) ecosystem after Ethereum. Thanks to its fast and cheap transactions, many NFT enthusiasts and creators have called Solana home for their NFT projects, therefore it is no surprise that numerous decentralized applications (DApps) in this list are NFT-related.
Although the layer-1 chain is a favorite when it comes to challenging Ethereum, Solana has faced an array of past problems. This includes the downtime suffered by the network and the impact of FTX’s collapse on its ecosystem projects. However, the strong community of builders and users on Solana saw through these setbacks during the bear market and turned out stronger. Now, the Solana ecosystem is a thriving one, with tons of exciting projects launching and building on the chain.
How Does Solana Work?
Solana targets the blockchain trilemma by designing a unique consensus mechanism that compromises on decentralization to maximize speed.
The more transactions per second (TPS) a blockchain can support, the more scalable it is. But in decentralized blockchains, higher throughput slows the blockchain down because of tiny discrepancies in time. With locally timestamped transactions, nodes verify timestamps to validate transactions. More nodes verifying transactions and timestamps takes more time.
Solana solves this by having one node as the leader sequencing messages between nodes, which is chosen based on a Proof-of-Stake mechanism.
#solana #blockchain #crypto #bitcoin #ethereum #ai #decentralized #finance
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Avalanche - Interesting Crypto Projects Series
Ava Labs is a company that provides an open-source platform for the creation and execution of decentralized applications (dApps) and enterprise blockchain deployments. It was founded by a team of researchers and engineers from Cornell University with the help of talent from Wall Street to execute their vision. Ava Labs aims to provide an infrastructure that is scalable, efficient, and customizable, allowing developers to build and deploy blockchain applications with ease. The platform utilizes the Avalanche consensus protocol, which provides high throughput, low latency, and decentralization. Ava Labs also offers a comprehensive set of developer tools and libraries to support the creation of smart contracts and other blockchain applications.
#blockchain #crypto #ai #bitcoin #ethereum
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How does AI work? Basic explanation
How does AI work?
AI allows computers to learn and solve problems almost like a person.
AI systems are trained on huge amounts of information and learn to identify the patterns in it, in order carry out tasks such as having human-like conversation, or predicting a product an online shopper might buy.
The technology is behind the voice-controlled virtual assistants Siri and Alexa, and helps Facebook and X - formerly known as Twitter- decide which social media posts to show users.
AI lets Amazon analyse customers' buying habits to recommend future purchases - and the firm also uses the technology to crack down on fake reviews.
ChatGPT and DALL-E are examples of what is called "generative" AI.
These programs learn from vast quantities of data, such as online text and images, to generate new content which feels like it has been made by a human.
So-called "chatbots" - like ChatGPT - can have text conversations.
Other AI programs like DALL-E can create images from simple text instructions.
Generative AIs can also make videos and even produce music in the style of famous musicians.
But these programs sometimes generate inaccurate answers and images, and can reproduce the bias contained in their source material, such as sexism or racism.
Many artists, writers and performers have warned that such AIs allow others to exploit and imitate their work without payment.
#AI #tech #bitcoin #ethereum #crypto #altcoin #blockchain #deeplearning #machinelearning
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CHAINLINK - Interesting Crypto Projects Series
https://blog.chain.link/what-is-chainlink/
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
#blockchain #bitcoin #ethereum #chainlink #link #crypto #altcoin #ai #tech
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TETHER - Interesting Crypto Projects Series
https://tether.to/en/
I go over the Tether stablecoin.
#bitcoin #tether #ethereum #crypto #blockchain #solana #openai
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ALGORAND - Interesting Crypto Projects Series
https://developer.algorand.org/docs/g...
Algorand is a pure proof of stake blockchain, competing with Bitcoin and Ethereum as the standard layer 1 blockchain solution
#crypto #bitcoin #ethereum #lightning
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FILECOIN - Interesting Crypto Projects Series
https://docs.filecoin.io/
bitcoin ethereum crypto blockchain money trading dollar brics
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The Future of Crypto: The Decline of Central Banks
Why is blockchain and crypto the future? Crypto is more than just a cool new technology to download an app on your phone. Crypto is a catalyst which brings the power of money away from central banks into a decentralized technology network. I show how these shifts in power are cyclical throughout history, and why this time won't be any different.
Credit to Maajid Nawaz and Joe Rogan
crypto blockchain will change the future, crypto blockchain will change the world, crypto blockchain will change organizations, crypto blockchain will change the everything, bitcoin blockchain will change the future, cryptocurrency blockchain will change the world, cryptocurrency blockchain will change the future
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Planetary Magick: We're All Just Sun Stuff
I go over the scientific reasoning why planetary movement and positioning is most likely a legitimate influence on our daily lives... TLDR we're all made of and evolved from the same stuff, the Sun.
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Worldcoin: Another $h!tcoin
With the launch of Worldcoin, users are signing up to scan their eyeball by "the orb". Really it's just tying your bio retina data with a public/private key. It's not innovative, it's really just a way to make UBI possible.
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AI Merge Scenario Warning: Artificial Intelligence Prophesied
Humans are in a race towards Artificial Intelligence, with many warning signs along the way, but what is the genie that we are about to release from the bottle? With supporting clips from Alex Jones, Elon Musk, Joe Rogan, Leo Zagami, Geordie Rose (founder of D-Wave), and @JonathanPageau I reference the top minds of today with new perspectives on messages and warnings from the Bible. #W02020060606
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Astrological Alignments: A 9.11 Case Study
I respond to a video describing astrological alignments, including Saturn, Gemini, and Pluto, surrounding the construction and destruction of the Twin Towers, a magickal ritual known as The Middle Pillar Ritual, and how it relates to transitioning into a new aeon, known as the Age of Aquarius or the Age of Horus.
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John Lackland: All the Presidents are Cousins
In 2009, BridgeAnne D'Avignon created a school project claiming all the US Presidents were decedents of John Lackland, signer of the Magna Carta in 1215.
Is George Bush related to Alexander the Great? - https://educate-yourself.org/cn/bushbloodline.shtml
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American Kundalini: A Short Story
Shop books: https://www.amazon.com/stores/Aaron-Anderson/author/B01MY5E6KL
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Tree of Life: Subconscious Manifestation
The Tree of Life can be used as a model for how the observer acts as both a conductor and a filter between the quantum field of all possibilities and the physical world.
"And he set up the pillars in the porch of the temple: and he set up the right pillar, and called the name thereof Jachin: and he set up the left pillar, and called the name thereof Boaz." 1 Kings 7:21
Special thanks to Mind and Magick
https://www.youtube.com/@mindandmagick
https://youtu.be/S0dIIXIp6iw
#tarot #treeoflife #mindandmagick #manifestation #quantum
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Biocentrism: Reality from Consciousness (New Quantum Perspective)
Robert Lansa posits that to understand the nature of reality, we should look at life and consciousness at the center, not as a byproduct. Does the observer influence the outcome of reality collapsing from the quantum Higgs field?
"Parisi-Sourlas-like dimensional reduction of quantum gravity in the presence of observers" By Dmitriy Podolskiy, Andrei O. Barvinsky and Robert Lanza (2021)
https://iopscience.iop.org/article/10.1088/1475-7516/2021/05/048
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