A $1.2B law to boost US quantum tech
technologyreview.com
technologyreview.com
So, whoa - I hadn't even heard of this. Had y'all?
$1.2B on an exotic tech field - with implications that bigly threaten online privacy and security - seems like an incredible thing to get through both houses and signed into law without it being a story in these parts.
Amash unsurprisingly voted no (joining only 10 others in the house, while 348 voted aye). A quick perusal of his twitter doesn't show me any of his thoughts on it. I'd like to hear them.
Probably more than that...even regular computer threaten privacy and security, in 0.2 seconds they scan all faces or fingerprints in the world.
Congress probably doesn't want USA to be left behind.
India now allows the government to decrypt personal data:
https://www.zdnet.com/article/india-authorizes-10-agencies-t...
If anything it should tell us that Crypto works(for us whose math skills may not be up to the task) and there are not as many backdoors as technologies in the past.
The cryptography challenge has seen huge progress; a surprising amount of it from one guy, DJB, an absolute legend.
What remains is a hard software engineering and standardization challenge: upgrading our apps and protocols to use quantum secure crypto.
Well, it never hurts to start researching post-quantum crypto even if large quantum computers were to prove impractical. I recall Google ran an experiment with a post-quantum key exchange algorithm [1], though I have no clue what came of said experiment.
[1] https://security.googleblog.com/2016/07/experimenting-with-p...
In both cases, they are using a type of lattice-based cryptography known as LWE (learning with errors).
No, thanks to post-quantum encryption there is little to worry about privacy threats from quantum computing. At most, 15 years from now today's recorded messages will become decodable.
On the other hand, the advances in chemistry/material design/drug discovery/metrology thanks to quantum computing will be an amazing quantum leap [pun intended] from what we have today.
Also, all sorts of physics solvers for optimum configuration used in aeronautics, heat flow analysis, etc.
· Existing algorithms are not proven to be secure, even classically. Quantum encryption provides an additional level of safety, but against unknown and unexpected attacks.
· Practical quantum computers are very speculative, much more so than nuclear fusion or AI. They might not be built in the next million years.
I bet $150,000 that by January 1, 2040, a quantum computer will not exist that is able to factor a 2048-bit product of two primes. Anyone want to take me up?
It's possible that you're right that a quantum computer won't exist in 2040 that will break 2048 bit RSA, but that doesn't mean it won't be broken anyway by then.
It aught to be lower-hanging-fruit to prove that factorization is not in NC (polylog depth, polynomial component circuit) and therefore NC!=NP => (P!=NP or NC!=P) so at least one of the two probably true statements is true...
I personally think health-benefits from Quantum computer modeling of chemical reactions, and protein folding will bring us much closer to 'per-person' pharmaco-genetics than current methods.
Also having a specific government structure established and dedicated to this field is important.
"...
The law also establishes a National Quantum Coordination Office,
calls for the development of a five-year strategic plan and establishes
an advisory committee to advise the White House on issues relating to quantum computing.
..."
http://androidtechnews.com/trump-signs-legislation-to-boost-...
I write this as a Canadian. We're also a nation of serious debt and I sometimes wonder where money for my government's big projects comes from...
[1] https://en.wikipedia.org/wiki/List_of_countries_by_external_...
And I see from the article that "... while a country may have a relatively large external debt (either in absolute or per capita terms) it could actually be a "net international creditor" .
Wouldn't it be better to focus on this "balance of debts vs. assets?"
At least in the US, most of the funds would end up in private citizens or corporations in the form of treasury bond repayments.
The best analogy I think is that we borrow the money from our future selves. If we invest it well then our future selves will enjoy the wealth in retirement. If we fritter it, we will be destitute in our old age.
Bond holders. The us treasury holds bond auctions all of the time to raise money.
I was taught that this is one of the strategies chosen to discourage further wars, as declaring it would destroy billions of your own money.
One of the several reasons Iraq invaded Kuwait, is that Kuwait refused to forgive $14 billion in loans (to Iraq) accrued during the Iran-Iraq war. Iraq's annual GDP in the 1980s was $40b to $60b depending on the year, to give you some idea of their ability to deal with the $14b in debt held by Kuwait (it was a considerable sum to them in the 1980s; it might be like the US owing Panama or Singapore $5 trillion today).
https://en.wikipedia.org/wiki/Invasion_of_Kuwait#Dispute_ove...
Invading Kuwait over $14B debt is a strange leap, since Iraq could far less expensively simply default. Anyway, it's the wrong direction -- $14B debt to Kuwait would make Kuwait less interested in invading Iraq for risk of forcing default. But either way, the value of the oil spoils (in either direction) dwarfs the cost of the debt.
Since wars tend to be started by the rich (and their proxies), and fought by the poor, this puts skin in their game.
At least, that's the reasoning. I don't really agree with it.
There have already been indications that the US intends to print their way out of debt. We have already printed billions over the past few years. If you look at graphs and charts of inflation, it's breathtaking.
This article gets at some of the things I had in mind when I wrote my comment: https://www.investopedia.com/insights/how-will-fed-reduce-ba...
Also I apologize for lack of coherence. I'm very tired and should have gone to sleep 6 hours ago.
Side note: I really like your user name :-)
The Investopedia article discusses how the Fed will reduce their balance sheet, which is actually more or less the opposite of printing money. During the Great Recession, the Fed bought a lot of financial assets (i.e other people's debt) in order to restore faith in the economy and prevent a complete meltdown. Now, they have to decide whether to sell these assets or hold them to their maturity. Regardless of what they choose, they will be receiving cash either in the form of the sale price or dividends.
The Federal Reserve has a mandate to keep inflation rates low, and they generally do a very good job at that. That doesn't mean we shouldn't worry about our national debt, but I wouldn't be too worried about hyperinflation now or in the near future.
I don't see what you're seeing. Inflation has been close to (the Fed's target of) 2% for the last 10 years. That's much lower than its historical values. So if anything the US has chosen less inflation in recent times.
I did a quick google and found this right at the top: https://www.bloomberg.com/news/articles/2018-05-02/the-consu...
Sure, but I don't think that the high inflation between 1934 and 1976 can be used to judge the current system with an independent central bank and an explicit 2% inflation target.
> I did a quick google and found this right at the top: https://www.bloomberg.com/news/articles/2018-05-02/the-consu...
The proposed measure merely claims to be faster to respond to changes in prices. Note how the new measure is lower than CPI during the crisis, but higher elsewhere. In the long term they should be the same. So I don't think that this suggests that inflation is being systematically underestimated.
These bonds are a contract saying that in exchange for your money today, the US government will pay you a fixed interest rate every month until the bond expires. In order to raise the money to pay off these fixed interest rates, the US government can either tax its citizens or issue more bonds.
For the past hundreds of years, our government has fulfilled its contracts and paid off the interest on all of its bonds. If we ever neglected to do so (AKA defaulted), it would be MUCH harder for our country to raise money in the future. Also, much of our government's debt is owned by American citizens, so we would be shooting ourselves in the foot, hurting domestic investors, and possibly causing a global economic crash.
That's what's making us pay, not some loan shark knocking on the White House door
Really? Do the creditors have a better option?
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I really don't understand your use of that word here.