19 karma · joined March 11, 2008
* CBs are monetizing enormously; and if they stop the stock market crashes; they are also promising inflation;
* the Libor conspiracy might bring down one TBTF in London
* Bankia and Santander are under stress and might fail
* There's a full-blown currency war going on with competitive devaluations
* People are placing billions of dollars betting that the Japanese bonds & yen will collapse
* there are reasons Germany is repatriating their gold
I could go on, but bitcoin is oblivious to all that; in some ways it is less risky than the int'l banking system.
Finally, just as an example, the Fed is printing $800,000 new usds per each new bitcoin created. I'm not saying that bitcoin is going to be that valuable, of course, but if you look at the numbers involved you might as well consider putting some savings completely out of an interconnected banking system that is the contrary of the internet: it needs all nodes to be up and running to survive.
And Dan, look up, check out for the drones.
"Doesn't sound legit".... I hope you're caught into the other side of "inverted totalitarianism" and just maybe you might be able to see what the mirror has to show you.
I've known Harry for a long time. Extremely intelligent. Amazing scientist. Hardcore pacifist. We are friends, we have been roommates, we have traveled together in the US, and in Greece. Good times.
He has taken a principled stance against AI, which I disagree with, but it's his decision. And I do respect it.
Every person that takes a principled stand will be called crazy.
This is sad, because if/when the time comes for YOU, dear reader, to take a principled stand on X, be sure they will call you crazy.
Anyways, I think his case isn't well put in the article. He provides a single scenario for a brutal use of AI. I think a better case can be put--scary stuff we are working on; AI is dangerous. I myself worry much more about Orwellianism and "We" and "Brazil" scenarios than the nuke stuff. But I don't think we should stop the work; I think the only route is to try to get more influence in the direction things may go.
I told Harry, back in the day when he wrote this, which is years ago (2006, probably), that I disagreed with his position, the nuke cat is out of the bag, we had a nice discussion about it, and that was that.
Is he crazy? Not by a longshot. I would leave my firstborn with him and travel around the world without a shred of worry.
So would my wife.
But wtf do I know; I'm just another crazy guy on the internet, right?
http://en.wikipedia.org/wiki/Suez_Crisis#Financial_pressure
It is easy to be protectionist. But a major selloff of the USD by China would create the mother of all confidence crises, and, while _everyone_ would lose, the world's reserve currency, the USD, would be forever damaged.
This is not a war you can realistically fight to win. I really expected more from someone of Grove's intellect. Much much more.
Your casual remarks impress those that haven't thought things through as much as you have.
You can be yourself, using the same vocabulary and tone of voice you would use at home. On the other hand, people that are insecure or down on the status ladder have a huge incentive to impress others. Some of them will work hard to improve their situation; others will work hard to improve their looks--eventually becoming phony and disbertesque (but only the really good will be able to tell them apart; average people may be blind to it).
The mere tone of voice and choice of words tells it all. If you cannot believe they use these words and tone of voice at home, that's a good sign they're striving for the stereotype.
The other day I was interviewing this guy. He looks straight to me and talks as if we're equals (even though he's climbing that darn status ladder). His tone of voice and choice of words are informal, smoothly flowing. Finally, he brings up a thing or two I haven't thought. That's impressive; a sign that the guy _is really_ good, not posing.
He's on the team now. And poor me, for I have to keep it up to keep him on.