Next year, or in 2019, the Chinese will have
a quantum computer that is a million times
faster than all the
computing power in the world today.
And they have created a quantum communication
system from Beijing to
Shanghai that is unhackable.
And it is a new form of internet.
And whoever owns quantum communications and
computing will literally own the world.
And the Russians are working on this as well,
aren't they?
The Russians are working on it as well.
And the United States surely is, but not as
concentrated as China is.
So all I'm saying is that there can be technological
obsolescence as well.
Because if you-- one of the big problems
with the internet is that anything and everything
can be and is hacked.
There's absolutely no privacy.
And data
is available for anybody who wants it.
We've been writing about this for 17 years,
urging people to buy the
internet security stocks, knowing full-well
that they admit they can't stop it, they can
only mitigate it once it's
happened.
So the idea that you create a new unhackable
internet is also one possibility.
But quantum computing does another thing,
which is almost destroy Bitcoin because cryptography
is almost
worthless at that point.
That's right.
That's right.
And it would destroy the way many things are
done.
So it's the ultimate disruption.
