The demand is considered very stable so the risk of that happening is quite low.
And before anyone says it, I don't think we are going to experience a remote work revolution any time soon.
35 karma · joined March 9, 2021
The demand is considered very stable so the risk of that happening is quite low.
And before anyone says it, I don't think we are going to experience a remote work revolution any time soon.
I would not be surprised if the school hires professional photographers and takes kids on school excursions to protests to take photo shoots. In the future all politicians will have photos of them at the Friday climate school strike and the BLM protests.
The whole situation is analogous to the chivalry code of conducts that knights had.
And btw the teachers are in on the whole thing. They aren't stupid either. They know what role they are playing in this game.
Yes it has gone up over the last 10 years. But 10 years is a relatively short time, and moreover this was a period during which all assets went up. I don't think one can really extrapolate from that alone that Bitcoin will just keep going up forever. And how do you explain away the various risks? Governments could theoretically hurt the price if they decided to pass more regulation that made interacting with an exchange harder. Or if they tried to close the exchanges altogether. And we are talking here about worldwide governments. I am not very worried the US would do something like that since they have mostly shown support towards cryptotech. But China or Russia or India or the EU might. And the other big worry is the lack of transparency. The exchanges are hardly as trustworthy as the NASDAQ or the NYSE. One cannot tell what sort of plays they are making to manipulate the price. And then there's the risk of speculation itself. The price is not determined by anything more fundamental than user sentiment. There is no constant stable demand or anything. User sentiment can be manipulated (by government regulations for example) or a big scare might happen organically. There is also the risk from competing cryptoassets. And risks from infighting between Bitcoin developers and miners as is happening right now with Ethereum.
Now of course all investments have risks so this alone is not a reason to not put money in Bitcoin. But I just have not yet seen a rigorous examination of all the risks.
But, there is no legal mechanism that measures the utility of commercial activities, and which dictates that energy should be consumed only by enterprises that have a certain utility. This is unprecedented territory.
*Of course I am talking about tech based on the current DL approaches. If we had AGI, then the question does not even need to be asked.
This crypto experiment keeps yielding more interesting results.
A society where women cannot find husbands with higher earning potentials would create a marriage crisis.
[1] https://onlinelibrary.wiley.com/doi/full/10.1111/jomf.12372