2,211 karma · joined June 14, 2017
It's also socially important for well intentioned people to join the system right now. Web3 is a thing, it will happen. Mobile happened and now two companies worth roughly a trillion each control it entirely. Web3 is roughly on the same path. It's being built right now to gate keep and capture value. If you don't want to the internet to continue to dwindle down to a privatized button pushing consumption app, the battle ground is web3.
What about this tool makes it criminal by nature?
It's censorship-resistant, private (if you want it to be), and very inefficient energy-wise. It's the logical extension of encryption. Encryption is also useful for criminal purposes and internet crime wouldn't really exist without it. Privacy != criminal. Also, do you know how much energy it would save if nothing was encrypted?
Every government in the history of the world has eventually collapsed causing devastation for its people. Money printers go wild. Corruption everywhere. People cannot afford basic necessities. If we can figure out a money that cannot be messed with, maybe that's not such a bad thing.
The abundance of crypto hate is confusing to me as one hand HN believes it's a pointless & worthless technology but also somehow this unstoppable force giving criminals limitless power to burn all the trees and rob the youth.
(1) https://www.consumer.ftc.gov/blog/2021/02/top-frauds-2020
* Create EMP blasts potentially disabling electronics over larger areas.
* Start fires in every direction for miles beyond the blast zone.
* Delegitimize nuclear energy. Sort of indirect but fear of nukes is why we don't invest heavily in safe fission alternatives with no weapons path.
* Have no real theoretical limit. 50MT has been donated. Designs have been shown up to 10GT.
* DNA/RNA are not the only options. Other nucleobases potentially exist and artificial ones have certainly been created (1)
* A completely unique sequence would indicate no shared ancestor even if it was DNA.
* We're not sure how life started on Earth either. It could've been more than once in more than one way. We don't know.
* Earth and Mars shared material as asteroid impacts ejected material that eventually landed on the other. Some microorganisms could potentially survive the journey.
It's great that you have questions, but you actually have to follow it up with research and learning if you care. From the comments you posted, I get the impression you haven't spent 1 hour googling answers to your questions. That sends me the impression, you don't really care, you just like hearing yourself think.
If you're actually curious, you should actually read papers and studies. This HN trend of ignorantly waxing philosophically about some topic adds no value to anyone's mind.
My definition of inflation is simple: dollars to gold. If you measure things in grams of gold, our current situation makes a lot of sense. A random basket of good subject to complicate macro trends makes no sense. Pretty much everything takes less gold to purchase these days. Assets like property, health care, and education actually require less gold to acquire than 50 years ago but not that much less. Products like consumer goods, require much much less gold now. This makes sense. We can develop property faster and cheaper but we can't make land so it's only a bit less gold. Mass produced goods are an order of magnitude cheaper due to automation.
Now let's go back to dollars. Every time the US prints dollars, it taxes the system. The total value of the system is the same but now the US government has some spending cash and everyone else holds a bit less. Why would any want to hold dollars?
Partly, no one does. The richer you are, the less of your net worth you hold in dollars. But the world is forced to use dollars. Originally, the US & England came together to create an international gold backed currency system to logistically enable transactions without shipping tons of gold. In 1970, President Nixon abandoned this system (1). Please really do look at this chart and it's impossible to ignore when it happened.
Our military & economic momentum are the only reason any uses dollars. It's complicated to describe all the ways but the biggest is that our navy guarantees safe global trade without piracy and fragmentation. If the US Navy disappeared, international shipping would quickly dissolve to squabbles on laws and borders. Small military conflicts would break out around the world. China's already hinted at as much in the South China sea. The Strait of Hormuz would become a war zone. We can argue about specifics but long story short, the world uses dollars heavily and doesn't want to. Every country would of course rather have everyone else use their currency. I think we can agree that the world uses dollars despite not wanting to.
Domestically, the move away from gold is killing the middle class. It's a disgusting trick the wealthy have pulled. Essentially by creating the dollar, forcing everyone to use it, and then printing more, the owner class has stolen gold. Cheaper consumer goods from automation & global supply chains has lessened the impact but this newest generation is finally realizing they never afford a house or education for their children. The fact that the average life expectancy has gone down in the US is the craziest thing ever and should be a source of deep shame.
To fix this, we only need two things: Fix the dollar to a specific amount of gold & Transfer a massive amount of wealth from the rich to the poor. It's obviously complicated and a bit fuzzy to describe but any denial of the general situation is like denying climate change. Gold was $40 and now it's $1800. The numbers are right there and pricing everything in gold makes it simpler to see.
(1) https://www.macrotrends.net/1333/historical-gold-prices-100-...
When we look at prices of things like education, housing, and healthcare, the 45x number makes a lot more sense. Education has 30x in price over the same time period (2). If you're comparing prices in dollars, it feels like education got really expensive compared to the basket of goods the BEA tracks but in reality, education requires less gold than it did in 1970. Our incredible supply chains and manufacturing automation have lowered most consumer prices such that we don't really notice inflation but when you look at things that can't get much cheaper like housing, healthcare, education, asset prices of all sorts, you can't miss the fact that they correlate more closely with gold than the USD.
Since we went off the gold standard, the US government has been inflating the currency which in effect, taxes holders of USD. The US gets away with it because of its military but how long can that last? The absurd rises in prices aren't crazy. They're catching up with reality. We can't just keep printing our currency and hope our military is strong enough to enforce this economic fantasy.
(1) https://www.in2013dollars.com/us/inflation/1970?amount=1
(2) https://www.yahoo.com/now/average-cost-college-jumped-incred...
For the small uncovered diode laser cutters, I'd recommend setting it up & running it remotely. If you use a laptop with a webcam & some remote desktop software, you can operate one safely it from a different room.
There are many covered desktop ones that I think are a bit safer though. Ventilation is also a big concern.
Because of the mass recording of our society, I actually think a reckoning of some sort may happen. At least, future generations will have quite the magnifying glass to judge our actions.
I think overall the point is right but I'd a lot of nuance.
- The evolutionary ideal lifespan for any creature is certainly limited but asking about the potential is more of a biochemical question and somewhat orthogonal to evolution.
- Some creatures fill extremely long lived niches proving that at the level of cellular dynamics, longevity is certainly possible.
- Humans no longer really depend on evolution. We'll start genetically modifying ourselves soon and I'd be surprised if there weren't any gm people walking around already.
- Our biggest limiting factor is experimentation. These experiments take a long time and aren't ethical to perform on humans. We'll certainly figure out how to make immortal rats before people.
The promises for how it changes society are pretty weak. It could change nothing or a lot. Web3 is just a better cheaper tool for humans to use so it'll get used. How it changes society is up to the people using it. Just like how the internet didn't usher in a utopia, web3 won't either, but it will change a lot.
For cases like escrow over digital goods, it should be perfect in a p2p context without human involvement. It already is for any web3 good like tokens or nfts. Bugs happen but these contracts are often simple and used lots of times. We'll settle on more and more common standards to implement simple transactions.
Intermediaries are a huge reason the web is the way it is. If we can eliminate them, the internet looks very different. My biggest prediction is that fundamental protocols like TLS will altered to integrate with blockchain protocols.
Web3 isn't just a scam or waste of resources. It will enable us to do things we already do but much cheaper than we do them now. Lots of smart people are flooding into the space. It will take at least a decade but it's already happening.
The next part of slave labor is just false. Trimmers I met were earning $500 to $1,000 a day. $100 per lb trimmed was pretty common. If anything, creating an import model will guarantee we use slaves. Columbia exports cannabis legally to Europe already with a lot less worker protections than in the US.
(1) https://www.nbclosangeles.com/news/local/la-county-sheriff-m...
(0) https://www.tampabay.com/florida-politics/buzz/2019/10/15/fo...
(1) https://mjbizdaily.com/florida-medical-marijuana-operators-b...
(2) https://mjbizdaily.com/cannabis-msos-on-buying-spree-in-flor....
Part of the reason to justify all of this regulation was to ensure that the blackmarket would update accordingly. Instead, rich investors took control of the cannabis market and the underground market thrived without enforcement pressures. Poor people who actually suffered the consequences of prohibition received none of the benefits of legalization. This issue is certainly economic and racial.
Now the legal cannabis market wants to expand but can't. Now it has to compete with a market thriving due to enforcement evaporating. One way is to reduce taxes. This would make it more profitable for the already rich existing investors in cannabis to make more money. Taxes are extreme and certainly need to be reduced but the real issue is supply chain and access to market.
It's really difficult to sell weed legally if you want to. More importantly, it's expensive. We should make it cheap to sell weed. You should be able to sell weed like alcohol. Alcohol licenses are much cheaper and with much larger quotas. Additionally alcohol is more standardized than cannabis while facing less supply chain inspections & requirements. There should be strong exceptions to small producers. Also, interstate sales should be allowed. Illicit markets serving out of state customers won't go legit if they can't ship across state lines. Especially to adjacent states with legalized cannabis. Isn't it crazy you can't ship weed from Oregon to Washington?
Lowering the barrier to market would have the additional benefit of enabling smaller market participants like the people who did it before it was legal. I actually have no problem with very high taxes on the larger companies. Maybe it'll fund building schools and hospitals in the places ravaged by the drug war. It's a great disgrace that our laws have prevented any reasonable path for going legit while demonizing them in the process.