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In this case it reduces the number of queries needed to search for a marked item in an unsorted database of N entries from N, classically, to about the square root of N, by quantum computation. Threats to information privacy may not be immediately evident until we consider applications such as datamining, profiling, and 

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assuming one had a couple million dollars in startup funds and the ability to get more investors, would it be possible to create a program designed to the