I read this article so you don't have to. 2/13
Can quantum computers attack crypto in ways that current supercomputer clusters can't? Yes. 3/13
But quantum computers don't exist yet (as far as we know), and they can only meaningfully attack some crypto algorithms -- typically public key algorithms. Except for rare edge cases, symmetric crypto remains mostly unaffected. 4/13
There is an active domain of research called 'post-quantum cryptography'. It is populated by mathematicians and computer scientists, who develop cryptography that can serve as a drop-in replacement for the affected algorithms. 5/13
The company in question is run by physicists. As a rule, physicists are clueless about cryptography. 6/13
The attack involves quantum annealing, which is a physical process akin to brute force search. It does not outperform Grover's algorithm in terms of computational complexity. 7/13
Grover's algorithm is the quantum analogue of brute force search. You need a quantum computer to implement Grover's algorithm, but you might not need a quantum computer to do quantum annealing. 8/13
Grover's algorithm is not enough to jeopardize the security of AES. You need an algorithmic or mathematical insight to do that. Such an insight would make the discoverer instantly famous in the crypto world. 9/13
AES is not a hash function and makes no claims about inversion being hard. It is not clear if this implication is the result of the reporter's confusion or if Terra Quantum's claim to fame actually is being able to invert AES. 10/13
Terra Quantum has developed an alternative to using AES for encryption based on quantum key distribution. If AES is secure, then there is no merit to quantum key distribution. In order to sell QKD, you need AES to be insecure. 11/13
How convenient that this breakthrough result about the supposed insecurity of AES is found just as Terra Quantum receives a patent for its technology! The convenience would be complete if they were in the middle of fundraising. 12/13
I have written about quantum key distribution before. TLDR: don't. https://t.co/4lxnot8pN4 13/13

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.