Because the update of the confidential algorithm has been completed ahead of schedule, the news of the advent of commercial quantum computer technology has not had any impact on the security and order of communication in China.

Except for the initial small chaos caused by panic, and some old men and old ladies who did not know the truth went to the bank to toss around, there was basically no substantial impact.

However, compared to the unique scenery on this side of China, other countries are not so lucky.

P2P Foundation Forum.

In the world's most well-known blockchain community, geeks who are proficient in cryptography, as well as those who don't know the truth, are talking about the impact of this matter.

However, at this moment, an account that had been dormant for many years suddenly surfaced and participated in the discussion.

[Title: The End of Cryptography.] 】

Bitcoin is just my attempt at financial decentralization, and it has been successful for the past fifteen years, but now it is no longer secure. 】

[Maybe we can only rely on new tools and new methods to solve this problem, as for now......]

[Take it when you see it.] 】

After this post came out.

The entire forum was eerily silent for a few seconds.

And then immediately after, in less than half a minute, the entire forum exploded in an instant, as if a bomb had been thrown into it!

If this post is posted by someone else, it doesn't matter, let alone cause any repercussions, and maybe it will attract two or three ridicules.

The problem is, however, that the account is clearly not so ordinary.

Its owner is none other than the world-famous mathematician and cryptographer, the man who invented bitcoin -

Satoshi Nakamoto!

……

At about the same time, in an office of the Chicago Mercantile Exchange Group, a Jewish-faced man in his fifties put down the newspaper in his hand and looked at the white assistant standing across from the desk.

"Bitcoin isn't that secure anymore."

His name is Baruch, and as a professional manager at the Chicago Mercantile Exchange Group, he manages trust investment funds for key clients of CME Group, with more than $50 billion on hand.

After seeing the Wall Street Journal's first-hand report on quantum computers, he immediately made a judgment based on his previous knowledge of quantum computer technology that the price of Bitcoin must no longer be able to hold up.

So, it took him less than a minute to think before he opened his mouth and ordered.

"Prepare for a short sale."

Hearing Baruch's command, the white assistant nodded and asked seriously.

"On what basis?"

Baruch thought for a moment and spoke.

"Just hit the $100 line."

……

As the "victims" of quantum computer technology, the first to be hit are Bitcoin players.

The Chicago Board Options Exchange, which was the first to launch bitcoin futures and has perfected the financial instrument of shorting bitcoin, has placed tens of billions of dollars in short orders on bitcoin in less than a day.

A short sale is when an investor or group of people believes that the market price of bitcoin will fall in the future, borrows bitcoin and sells it at the current price, and then pays it back at a certain price in the future.

If you judge correctly, you will be able to make a profit, and if you are not, you will suffer a loss.

The total market capitalization of bitcoin in the world is only more than 100 billion dollars, and the short orders of tens of billions of dollars are almost equivalent to 10% of the total market capitalization.

In fact, to put it bluntly, the essence of almost all cryptocurrencies, including Bitcoin, is a bunch of "special solutions" generated by complex algorithms.

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

If you use the analogy of a banknote, Bitcoin is the serial number of a banknote, and when you know the serial number on a banknote, you own the banknote.

The process of mining is to constantly seek the special solution of this system of equations through a huge amount of calculation.

This cryptographically designed currency, although it has the advantage of being hidden because of its decentralization, can evade regulation.

But on the other hand, this kind of virtual assets, which do not have any credit subjects as collateral, are as vulnerable as a piece of scratch paper thrown into a shredder in the face of quantum computers, a big killer that specializes in various passwords.

Clearly, it's not just Mr. Barouch, the professional trust manager, who sees through this.

Almost as soon as his company began to short sell Bitcoin, more than a dozen investment banks and financial companies quickly entered the battlefield.

With the continuous expansion of the trading volume, a large number of sell orders were released, and the transaction price continued to fall, and in less than half a day, it fell from the top of the mountain of tens of thousands of dollars all the way to the floor of 100 US dollars, and swept away hundreds of US dollars from the entire 100 billion market value plate.

Clearly, both Baruch and the investors who rushed to Bitcoin clearly underestimated the impact of quantum computers on Bitcoin.

Seeing the transaction price that had been sliding all the way on the screen at the end, Baruch smacked his lips with some dissatisfaction.

He originally thought that his reaction was fast enough, but he didn't expect that his actions were still a little slower, and more and more peers came in later, and it became more and more difficult to ship, and the trust fund he managed only made less than a billion dollars, and the entire bitcoin market collapsed.

Facing the candlestick chart that fell like a waterfall, he spoke.

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

"Won't you wait?" Looking at the massive number of empty orders with an excited face, the assistant sitting in front of the computer looked back at Baruch and asked, "I feel like waiting, we can even pick up the bitcoin we melted from below $1." ”

"Take it when you see it," Baruch said calmly, "We are betting on expectations, not on Professor Lu to actually use quantum computers to print money." ”

"Well, maybe you're right."

Honestly following the manager's instructions, the assistant put up a buy order below the $10 and began to pick up the chips they had thrown from standing on the top of the hill.

With just the flick of a finger, they looted 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 this kind of opportunity is probably rare once in a lifetime.

The harvest is over.

Looking at the funds deposited in the account, the assistant sitting at the desk showed an emotional expression on his face.

What was in front of him was money that he couldn't make in his life, and it would be nice if he could look at it a little longer.

However, with so much money deposited in the account, every minute is losing unseen costs.

Looking back at his boss, the assistant asked.

"What about the money returned? What should I do? ”

Hearing his subordinates' instructions, Baruch pondered for a moment before commanding.

"Buy bonds."

Assistant: "All? ”

Baruch: "All. ”

Bonds are a good safe-haven variety, and in the economic downturn, especially in the face of systemic financial risks, whether it is a variety of trust funds or other central banks, they will buy U.S. bonds as an alternative operation to hedge risks.

Although it is only a hunch, years of experience as a trust fund manager have allowed Baruch to develop a professional sense of smell that is sharper than that of a hound.

And now, his professional sense of smell is telling him that behind the seemingly calm financial markets, there is an undercurrent that may be even more terrifying than he imagined.

This undercurrent is being driven by emotion, restlessly gnawing at all of this.

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

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

However, at this moment, the phone in his pocket rang, so that he had to put the cigarette back and take out his phone.

Leaned into his ear and pressed the turn button, because he was in a good mood, he said with a fluttering eyebrow.

"Clement? How did it suddenly occurred to you to call me, my old friend. ”

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

The voice on the other end of the phone was full of anxiety and disbelief, but Baruch, who was in the middle of a smug position, did not notice the unusual touch in the tone of these old friends, and only thought that he had just made a loss-making deal, and laughed and comforted.

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

However, just as Baruch was about to elaborate on how he had made a big deal in the bitcoin market with the qualities of foresight and bravery, his old friend interrupted him.

"Yes, you don't know what just happened, I suggest you go and look at the Dow Jones! Damn, oh my god! I asked you to discuss this is really a wrong decision! ”

The phone beeped and hung up.

Baruch frowned, moved his phone half an inch away, and looked at the disconnected call on the screen, a trace of uneasiness gradually welled up in his heart, and this uneasiness was eroding all the positive emotions in his heart.

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

Not daring to hesitate, he quickly returned to his desk and sat down, and Baruch quickly opened the trading software and logged in to his management account.

However, the moment his eyes met the screen, his whole body froze, and the cup on the table was hit by him with a clatter.

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

"What's going on? 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 thousands of miles of rivers and mountains, Baruch's old face turned red for a moment, and then the blood slowly faded, and finally turned into a pale cement wall......

Finished......

It's late......

It's all over.

Just as they were slaughtering in the Bitcoin market, a financial tsunami swept through the entire Nasdaq sector, driving the Dow Jones Index to fall by 8 points intraday, and the market value of trillions evaporated out of thin air.

And the accounts he manages ......

The little money he had just earned was probably not enough to make up for the fraction he had just lost.

There was a sudden trance in front of him, and Baruch was about to stand up, but the hand holding the armrest suddenly seemed to lose all strength and hung in the air as if weightless.

A fart. He sat back in his chair, his bloodshot eyes darkening.

Just before his consciousness was about to fall into darkness, a hollow cry faintly sounded in his ears.

"The boss fainted - call an ambulance!"

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

“……”

Then, he couldn't hear anything......

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