Google tried to erase your gains

You’d think a big corporation like Google would have enough to worry about without trying to take you out of the running.

I guess it’s a sign that we’re doing something right.

The tech giant tried to knock the wind out of your cryptocurrency investments.

I guess they’re feeling threatened by our gains from Bitcoin and its ilk.

But don’t worry – no crypto was harmed in this ploy.

Here’s how Google tried, and failed, to take you out of the game.

Have you ever heard of quantum computers?

That’s okay, I hadn’t either.

They’re computers with ridiculous amounts of power.

To give you context: a quantum computer can solve a problem in 200 seconds that would take a powerful computer 10,000 years to solve.

While you try to wrap your head around that, let’s recap about cryptocurrency and blockchain technology. You’ll see why in a second.

If you’ve read this column before, you know that cryptocurrency is a decentralized currency based online.

The miners that create new coins are the sole administrators, and no one has more power than another.

The technology that records cryptocurrency is called blockchain.

It’s a super secure, encrypted chain of data that acts as a receipt for cryptocurrencies like Bitcoin.

The reason so many investors are flocking to crypto is because it offers a certain level of security traditional currency does not.

But all that security could go out the window.

Have you connected the dots yet?

Bitcoin and all cryptocurrencies are ideally situated on a highly secured, highly encrypted digital network.

What does that have to do with quantum computers?

Google claimed to have built a quantum computer capable of solving formerly impossible mathematical calculations.

And if they had reason, they could set that quantum computer on Bitcoin.

Private companies are struggling with how to exist alongside crypto.

Facebook announced its own digital coin this past summer, to mixed reactions from the world’s regulators and fellow industry giants.

Perhaps Google wasn’t as at ease with sharing their space with cryptocurrency.

What’s to stop them from setting their quantum computer on it and wrecking the whole system it’s built upon?

Thankfully, there is something to stop it.

Technology experts claim that it’s a constant race between crackers and encoders.

While Google feverishly worked away at breaking down all the protective encryption, Bitcoin engineers worked on the other end.

The good news?

Cryptocurrencies can be fitted with quantum-resistant tech.

And Google is far from building a quantum computer that could pose a credible threat to the Bitcoin empire.

To give you an idea, Google’s quantum computer has 53 qubits (a measurement of quantum power).

They would need a computer with 1,500 qubits to match cryptocurrencies.

So you can rest assured your crypto investments are safe; for now.

Google may have tried poking the bear, but they should know you need more than a stick to win that fight.

Until they figure it out (which they may never) you can sit back and watch your crypto gains roll in.