Craig Wright Claims Quantum Computers Are a "Bedtime Story," the Crypto Community Should Not Worry

This week was marked by several events in the world, technology and cryptocurrencies, but perhaps the most hyped was the news about Willow, a new quantum chip developed by Google.

This week has seen several significant events unfold in the worlds of technology, cryptocurrencies, and current affairs. Among these, the news about Willow, a new quantum chip developed by Google, has garnered immense attention.

According to Google, this computer solved in five minutes a problem that would take the fastest supercomputer 10 septillion years. This achievement has sparked discussions about the potential impact of such devices on blockchain technology and crypto wallets.

Throughout the history of cryptocurrencies, there have been persistent rumors suggesting that the advent of a quantum computer could pose a threat to the existence of these digital assets. However, these claims have not been taken seriously until now.

The recent announcement from Google has sent shockwaves through the crypto market, contributing to the liquidation of at least $2 billion in open positions held by crypto traders.

Against this backdrop, many have begun to speculate on the genuine nature of this threat. Among those who have weighed in on the matter is Craig Wright, the Australian businessman who has made the controversial claim of being Bitcoin's creator, Satoshi Nakamoto.

"Bedtime story"

In a recent social media post, Wright has stated that the crypto community should not be concerned about quantum computers.

But why not? According to the self-proclaimed Satoshi, these computers don't exist, and even if they did, both quantum computers and Shor's algorithm fail to solve the hash problem. They do not touch it, they cannot break it, and all the noise around it is just a bunch of lies, says Wright.

He goes on to explain that a quantum computer will never break a hash, and all the speculation about it is nothing more than "a bedtime story for people who want to feel smart."

However, there remains an unresolved issue regarding key security, if it is believed that quantum computers can easily extract a private key from a public key. According to some cryptologists, this is far from possible, but it cannot be ruled out in the future.