Bitcoin Depot, once the largest network of crypto ATMs in North America, is calling it quits following mounting legal scrutiny and a state-by-state crackdown on Bitcoin teller machines (BTMs) over fraud concerns.
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Bitcoin Depot CEO Alex Holmes said in the press release that the current regulatory environment had made the company’s business model unsustainable.

I do know the moon apparently has a shitload of Helium 3 which would be awesome to have for clean fuel, energy, quantum this, Crysis at 120 fps, etc.

@Klaus said:

With a 500K qubit computer, which is completely unknown whether that's ever going to work. Nobody knows whether quantum computing will ever be practically useful. I highly doubt we'll have a 500k qubit computer in the 2030s.

More importantly, will it be able to run Crysis at 120fps?

@jon-nyc said:

Well it’s not technically just in its current form.

Shor’s algorithm breaks the math underlying most public key cryptography. But today it requires millions of years of computation whereas a sufficiently powerful quantum computer could do it in hours or less.

With a 500K qubit computer, which is completely unknown whether that's ever going to work. Nobody knows whether quantum computing will ever be practically useful. I highly doubt we'll have a 500k qubit computer in the 2030s.

Also, cryptographic algorithms can be changed. It just requires a "hard fork" of the blockchain.

@taiwan_girl said:

Why does this mean blockchain is doomed?

Only blockchains of certain implementations are doomed. Google's work is fairly specific about cracking the ECDSA 256-bit encryption method in a reasonable amount of time using a quantum computer that Google believes will come into existence sometime in 2029. Blockchains that use the ECDSA 256 (or fewer) bits encryption methods will be "doomed" if/when their underlying encryption can be broken in a reasonable amount of time -- using a quantum computer that may come into existence in 2029.

But blockchain as a general concept will continue to have a place in technology and industrial applications. The U.S. government, especially through NIST, is spearheading the world-leading effort to standardize a bunch of new encryption methods that are expected to be "quantum resistant" -- i.e., encryption methods that even quantum computers cannot break for a very long time. New blockchains can be implemented using these quantum-resistant encryption methods and continue to be secure in the face of quantum computers.

Shor’s algorithm breaks the math underlying most public key cryptography. But today it requires millions of years of computation whereas a sufficiently powerful quantum computer could do it in hours or less.

@jon-nyc said:

Blockchain doomed?

Why does this mean blockchain is doomed?

I hadn’t heard of the poster but he’s followed by lots of Silicon Valley royalty.

Bitcoin now at $117k

$121,000 now

Just hit .0001 and I will be very happy.

Very happy!! I only have 23 million SHIB though.

Climb baby, climb!

I only have 134 million of them.

Just hit .0001 and I will be very happy.

Bitcoin has plummeted sharply amid fears U.S involvement in the Israel-Iran conflict could escalate into a wider regional war (adding to volatility expected from an imminent Federal Reserve earthquake).

The bitcoin price, after shrugging off the initial exchange of fire between Israel and Iran, has crashed under $100,000 per bitcoin despite U.S. president Donald Trump confirming a "massive" game-changer this week. Ethereum, XRP and other major cryptocurrencies have also plummeted, wiping $250 billion from the combined market in just 24 hours.

My question - who cares? Unless you have a high amount invested in bitcoin, does it really matter? If it drops to lets say, USD $10000, will it have any effect on the world economy? For me, I dont think so.

In any case, I believe the protocol is self-adjusting in the sense that the situation above - mining more expensive than reward - self-corrects quickly.