The Quantum Hype and The New QSF Financial System

The Quantum Hype and The New QSF Financial System

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Translation from Portuguese to English with Deepl:

A lot of speed can be achieved, especially in the field of quantum computing. In this way, applications are possible that were not possible before.

How Quantum Technology Provides a Huge Performance

Boost Due to the wide range of possible applications that result from the behavior of quanta, quantum technologies have enormous potential – whether in the production of new materials based on high-precision simulations, in data encoding or improving machine learning.

Google first showed this in 2019: According to the company, a chip developed by Google called Sycamore calculated a special random number problem in 200 seconds , for which the fastest supercomputer in the world would need 10,000 years .

How does a quantum computer work?

Classical computers work with bits, quantum computers with qubits (short for quantum bits). These are two-state quantum systems, which can be thought of as rotating particles whose axis of rotation only settles into one position after measurement. Compared to a classical bit, a qubit can therefore not only assume states zero and one, but any combination of both states or both states at the same time. This property means that the same calculation can be performed much faster on a quantum computer.

The gross technical structure of computers is basically similar: Quantum computers consist of superconducting coaxial lines for low energy losses, mixing chambers for constant cooling, cryogenic isolators for noiseless transmission, limited quantum amplifiers for recording and reading signals, a shield cryoperm to protect against electromagnetic radiation and the actual quantum processor chip on which information is processed.

The new QFS financial system

It resides in a quantum computer at the AIIB (Asian Infrastructure Investment Bank), the eastern counterpart of the International Monetary Fund, the IMF and the World Bank (WB), and 9 quantum satellites. To connect the QFS to the SWIFT and CIPS system, an interface called DLT (Distributed Ledger Technology) was implemented.

QUANTUM COMPUTERS: WOULD BE THE DEATH OF THE CURRENT BITCOIN

Mario El-Khoury explains the disastrous effects of the Bitcoin boom. And what would happen after the introduction of quant signatures. Mario El-Khoury (57) is a researcher and director of the Center for Electronics and Microtechnology (CSEM) for eleven years.

Mr. El-Khoury, you are known as an advocate of innovation, but you made a critical comment about Bitcoin. Do you have something against innovative cryptocurrencies? No, exactly the opposite. I love blockchain technology and I’m a big fan of the theory behind bitcoin. Pardon? After all, you warned that Bitcoin is causing great harm to future generations.

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I love and hate cryptocurrencies at the same time. I admire the inventor of bitcoin who found a solution to almost every monetary problem in just nine pages. But this wonderful solution should have stayed in the labs until a solution to the catastrophic ecological impact was found.

But isn’t it precisely the energy consumption that makes Bitcoin the safest cryptocurrency?

A hacker would have to use 51% of the network’s power, which is considered impossible. That’s the problem. Bitcoin is based on energy consumption. The network is maintained by miners. They receive bitcoins as a reward when they solve puzzles. Whoever uses the most energy and therefore causes the most pollution is most likely to win the reward. Bitcoin uses twice as much electricity as Switzerland.

Do technical advances solve the problem?

No. This is what is so ingenious and so destructive about Bitcoin. The faster processors solve puzzles, the more complex the network makes the puzzle.

Will Quantum Computers Pose a Threat to Bitcoin?

Bitcoin cryptocurrency is not “quantum resistant” enough. I can imagine that in five years a group with strong quantum computing power will launch a “quantum attack” on Bitcoin.

Bitcoin network can not protect itself?

Of course, blockchain can adapt. Linking quantitative signatures to the blockchain could represent a huge opportunity for new cryptocurrencies, improving their efficiency and security. But it would be the death of current bitcoin.

Would you buy bitcoins?

Certainly not, mainly because of the ecological impact. If there was a way to bet on falling prices: why not? Sooner or later, the collapse will come. Everything you need to know about the new QFS (Quantum Financial System) financial system.

It resides in a quantum computer at the AIIB (Asian Infrastructure Investment Bank), the eastern counterpart of the International Monetary Fund, the IMF and the World Bank (WB), and 9 quantum satellites. To connect the QFS to the SWIFT and CIPS system, an interface called DLT (Distributed Ledger Technology) was implemented.

QFS is a financial system created by Chinese engineering teams in collaboration with engineering teams from other Alliance members. One of the key features is that bankers cannot access these funds without permission from the Global Collateral Account Supervisors.

A system intended to replace the central bank and cover the new global network for the transfer of gold or asset-backed money, initiated by Russia and China to replace the US-controlled Swift system.

It should be noted that the QFS is completely independent of the existing centralized system. In your case, there is no need for blockchain technology, which raises doubts about the need for cryptocurrencies.

Currencies Backed by Gold or Other Assets

With this quantum financial system, all national currencies are backed by gold or assets that guarantee their sustainability. It is important to note that lately the QFS has been operating in parallel with the central bank system, again to prevent hacking attempts to steal funds.

This quantum computing system assigns a digital number to every currency held in every bank account around the world and monitors it in real time. You know exactly where it went, when it was transferred, who sent it with their credentials, and which account received it.

A new system invented to end financial slavery and control over the population. Incredibly new as there is no advanced technological equivalent to any previous system and the world’s monetary system can be easily changed to include gold-backed currencies, completely eliminating the need for transfers from the old central banking system.

Maximum security impossible to steal

It should be noted that only gold or asset-backed currencies with a gold or asset digital certificate can be transferred via the QFS. The certificate refers to a serial number on a piece of gold or an asset held in reserve to protect the currency. State-of-the-art technology is used to quarantine the gold and/or the assets that back the currencies, with no possibility of theft.

Assets are the rationale for determining the amount of currency available in a country. However, all currency denominations must be accepted in the QFS and an asset/gold certificate must be issued in order to be active in the QFS.

Please note that any fiat currency that cannot be classified as clean, clear, non-terrorist or that is not clearly derived from legal activity will be disqualified. These are most if not all fiat currencies. Indeed, fiat currencies cannot be legalized in the QFS. Fiat currencies already held at the time of the large-scale implementation of the QFS and received during legal operations are exchanged at the bank for gold-backed currencies. The procedure is referred to here as “arbitration” and qualifies the transfer of money as legal or illegal and is carried out by AI (Artificial Intelligence).

The role of each country

Any country that fails to comply with the Global Economic Security and Reform Act (GESARA) is barred from the QFS and may be barred from international trade. Each country must comply with GESARA to participate in the QFS. The alliance will use a specific quantitative formula to determine the amount of available currency, “In a country” that must be backed by gold in the QFS.

The results of the formula determine a fair value of each country’s assets relative to another. There is much more gold than it takes to get gold confirmation of all the currencies in the world. Once defined by the GCR, the price of gold becomes irrelevant. As the price of gold rises, so does the value of all currencies. This does not result in a net change in the face value of all coins.

The formula includes local assets, the country’s economy, its population, which is part of the country’s assets, and a number of other parameters used to determine the value of the national currency. This formula must be applied to each country so that all currencies are equivalent to other countries.

Applying the common formula and value of all gold means that one country’s currency must have the same value as another country’s currency.

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