Simulating a quantum computer on a classical computer is theoretically possible but impractical due to the exponential growth of the Hilbert space with the number of qubits. For instance, a quantum computer with 100 qubits requires representing a complex matrix of size 2^100, which is computationally prohibitive for classical systems. While quantum computers can effectively simulate quantum systems that are intractable for classical computers, the concept of "hypercomputers" raises questions about their physical realizability. Discussions also touch on the limitations of Turing machines in simulating quantum systems, suggesting that while finite quantum computations can be modeled, a Turing machine cannot replicate the dynamic capabilities of a quantum computer. Overall, the conversation highlights the significant differences in computational power and the theoretical implications of quantum mechanics on computation.