Google’s Willow quantum chip significantly outpaces current supercomputers, solving tasks in minutes that would otherwise take billions of years.
Hypothesis: Accelerating advancements in tech and AI could lead to quantum supremacy arriving sooner than the 2030s, contrary to expert predictions.
Legacy banking systems, being centralized, could transition faster to post-quantum-safe encryption by freezing transfers, re-checking processes, and migrating to new protocols in a controlled manner.
Decentralized cryptocurrencies face bigger challenges:
Hard forks are difficult to coordinate across a decentralized network.
Transitioning to quantum-safe algorithms could lead to longer transaction signatures and significantly higher fees, eroding trust in the system.
If quantum computers compromise current cryptography, tangible assets (e.g., real estate, stock indices) may retain more value compared to digital assets like crypto.
I don't see how your first bullet point is much evidence for the second, unless you have reason to believe that the Willow chip has a level of performance much greater than experts predicted at this point in time.
I'll keep this short.
Thoughts?