Just read an article about “quantum money” wow. Sounds like a simpler and untraceable Bitcoin. But who would issue it and how would scarcity come into play?
Login to reply
Replies (8)
Bitcoin already is quantum money 🤦♂️
How so? That’s not what the paper I read suggests. Bitcoin has nothing to do with quantum at this point.
Bitcoin has everything to do with quantum. The problem is that physicists (and I assume you) are still using pre-Bitcoin definitions and understanding of the word.
What is your definition of a “quantum”?
The etymology of the word come from the Latin quantum — “how much,” “an amount,” “a finite portion.” A quantum is not some mystical particle. It is a measurable unit of a conserved whole. The word was introduced in physics directly from Latin by Max Planck, 1900, on the notion of "minimum amount of a quantity which can exist". https://www.etymonline.com/word/quantum
Bitcoin is the first system in history to define the smallest unit (Satoshi) and the whole, and measure it deterministically. It gives every quantum a denominator: energy, time, and information all expressed within fixed bounds of a deterministic supply approaching ~2.1 quadrillion satoshis. Bitcoin defines absolute finitude, the very thing modern physics has never been able to operationalize. A smallest unit is meaningless without reference to the whole.
When you say Bitcoin has nothing to do with quantum, you’re relying on the pre-Bitcoin model. Bitcoin makes the quantum intelligible by anchoring it to verifiable conservation and finitude, not abstraction and axiom. Bitcoin finally makes “quantum” real and measurable.
So what do you mean?
What’s with the attitude?? I’m just trying to learn about this stuff.
The article I read was talking about a new form of ledger less money that would be enabled by quantum computers. I’m not a physicist, but I understand when you explain the meaning of quantum in the larger sense.
I’m trying to understand these developments the best I can.
Sorry, I didn’t mean to come across with attitude, it’s not my intention. I was solely trying to refute the original point.
The article is written by the same people who are trying to convince you that Bitcoin/cryptography is broken.
If you catch my message, I’m saying that Bitcoin disproves their theories and models that they are basing their “computers” on. It’s just an extension of Fiat thinking projected into their desired model of physics and computation.
Bitcoin is the working refutation to any of their claims and models. They have zero proof.
Always be wary of the people who tell you Bitcoin is broken, even it is from our community.
Gotcha, thank you for the clarification. I’m trying to do my homework and stay ahead on developments as best I can.
The article I read was actually not the usually fear mongering about quantum computers cracking the seed phrases, etc, but it was talking about the potential for a new physics based way to divide energy. I’d never heard that exact thing before, so I’m trying to look into it.
I also wasn’t familiar with the term “quantum money”, so I have more research to do. Thanks for sharing your perspective.
To me, it’s sounds like they are writing about Bitcoin 😉 Energy in a purely informational state.
Most people aren’t ready to accept that Bitcoin is measurable physics (energy, entropy, information & time).
I feel like my understanding of Bitcoin only gets deeper. I love learning more about it and discovering new ways to think about it. Bitcoin as time sounds so revolutionary 🔥