18 karma · joined November 25, 2017
Transparency to end user would be helpful to end user. Doesn’t full performance come back when running on wire power?
If someone believes others are out to get them, if they’re sensitive, or whatever behaviors they manifest, who is anyone to say what they feel is right or wrong? Their behaviors may not fit in with society at large, but nobody can speak to their perceptions.
The world is complicated now and people on average have a more intricate social universe than ever before. I’m sad to say that I couldn’t find my place in human society. Seeing where I am at personally relative to what I’ve learned from this thread is very painful.
Wishing for the best for everyone here. Nobody should have to suffer and it’s commendable that so many fight the good fight. Be well.
Is anyone pricing housing indexes in bitcoin? You could maybe come up with one yourself.
Such proof is now needed.
Yes, precisely, you always need buyers to push price further. Market decides up or down, miners play along as it makes sense to them. Kind of like the swap over to bcash about a month ago, because it made sense financially.
This isn’t related to heating or driving efficiency.
2) It’s not assured that major breakthroughs will occur within the bitcoin ecosystem, nor that they will fold back into it.
I’m pretty familiar with bitcoin’s current technology developments. There are opinions, theories, and experiments flying around about how to build that rocket ship. Very very early and unclear.
The energy usage is not sustainable; we don’t have “decentralized logarithmically increasing clean energy sources” upon which to build bitcoin’s network to the stratospheric levels needed to achieve moonshot valuations, not without a serious innovation in technology to evolve the usage of bitcoin as a currency. Something better and more energy efficient for a trustless solution could come along.
Most everyone knows cryptocurrencies are here to stay but that’s not directly related to bitcoin, it’s price, it’s tech evolution specifically, and how it may or may not evolve into a viable currency.
2) You touched upon two independent considerations.
Yes, bitcoin can evolve technologically, but it’s not assured.
Energy spent is based on incentive. Value stored isn’t directly correlated, that’s a result of price which results from buyers and sellers, which results from sentiment. Now we get into disparate supply and demand based on information advantage.
Energy utilization as it correlates to some incentive to expend such energy for monetary gain is indirectly coupled to the stored value. Other factors affect this. The market is not efficient, it behaves, pricewise, like many markets before it.
Greatest bubble of our generation, but admittedly quite the clever one. The truth is that some Silicon Valley insiders amongst other movers and shakers saw bitcoin’s potential early on for such a rise to where we are now (and possibly way more), by design and precisely because they control the narrative. It’s been exploited by smart folks. If you had the means, foresight, and motivation, you were in a privileged position to transfer wealth to yourself. Now, this is not the case.
Real people get hurt by the economic cycles we’ve seen and bitcoin is, for some, a way to be robin hood in that long time narrative.
A huge mainframe filled with vacuum tubes seems to fit here. That’s bitcoin, currently, but for “magic internet money”. The bandwidth, throughout, and power utilization are what you might expect from such a first generation technology experiment.
The benefits of bitcoin are eclipsed by the meteoric rise, and this price increase is the basis for most new folks getting on board, not so they can use it now as a currency.
I’m all for the technology, but the technology itself doesn’t solve any systemic financial issues, not directly. It’s the adoption itself, and how it may be used for legit commerce, say 5-10 years down the road, that would potentially do so. And this would be facilitated by technology evolution from now until then. Bitcoin may be at the center of that evolution, but it’s not assured just yet.
People are buying or holding on speculation for various reasons but most with a common speculation: They believe that the price will continue to rise relative to their cost basis. That’s it. Some of these folks have a fundamental belief about bitcoin’s future as a currency, but that future isn’t enabled directly by the technical details that you’ve offered. Most newcomers don’t care about the revolution, they’re just trying to hop aboard a rocket ship.
You have a solid understanding of bitcoin’s technical details. Just pointing out that such details don’t directly solve any economic / debt related issues, for many reasons. One of its key limitations is that the technology of bitcoin cannot facilitate commerce at scale, not currently.
Price of bitcoin will go up or down directly as a result of decisions of buyers and sellers, nothing less or more. Greater fools applies to bitcoin just the same as other open markets.
Fixed assets, goods and services, etc., are stable relative to fiat, at least USD. So bitcon isn’t deflating any bubbles.
The semantics matter here. Perhaps the later comers were more opportunistic and optimistic about the likelihood of achieving a favorable return. But they had to take more risk, since they were later to the party and risked more capital (as you noted).
Early adopters invested almost nothing compared to the amount of money moving around now (at risk on a speculative investment). Their risk was negligible and certainly far less than folks getting into the game now, coin for coin.
You’re right that if one buys 0.05 btc today for $400, it’s the same risk as someone investing $400 years ago to mine hundreds or even thousands of coins, but real investors aren’t buying 0.05 btc.
At the most in those cases there’s enough info to suggest data sharing is going on at the least, but not enough to confirm anything regarding the fb app itself and the mic.
Worth investigating more, though.
We are in a long term contracted state of volatility. Professionals who understand how to manage risk may make the trade(s) that you’re suggesting.
The adolescent here could be observing a short term trend relative to an underlying bigger picture. People are competitive by nature and the modern information age may be amplifying this for them, at least in perception.
From the evidence in those videos, I’d rather be considering whether fb is part of a future AI continuum monitoring and influencing the past (from the future in which the AI exists) by messing with people testing this feature. Yep, cat is alive on Facebook/IG, days later. Microphones and big data/AI are but two slits through which photons can pass, in the experiment known as fb.
Also, your techniques could reveal a false negative both in the existence of a bug in the particular build of fb code being tested, and that such a mechanism could have existed in previous versions but already removed.