145 karma · joined December 26, 2022
There are physical limitations to androids that imo make it very difficult that they could be seriously dangerous, let alone invincible, no matter how intelligent: - power (boston dynamics battery lasts how long?), an android has to plug in at some point no matter what - dexterity, or in general agency in real world, seems we’re still a long way from this in the context of a general purpose android
General purpose superhuman robot seems really really difficult.
Still, my point was that passive EFTs create a constant bid on company shares, disregarding any fundamentals. The speculative mania of 2021 artificially inflated the market cap of many SPACs like NKLA - speculators have all the rights to do this, but passive ETFs will blindly follow and increase their allocation based on market cap (the effect goes both ways, as price goes down allocation decreases). Who has been buying NKLA shares? Vanguard, for one: look at fund flows since 2021, mostly positive https://etfdb.com/etf/VTI/#fund-flows most of those inflows result in purchases of NKLA shares.
[1] https://www.acheroninsights.com/blog/wbdvi4uarbd3hdssx3f5kaf...
Look: https://money.cnn.com/quote/shareholders/shareholders.html?s... Top ten holders are Vanguard, Blackrock, & the other usual providers of index ETFs.
As passive accounts for more than half of the total market funds/flows, blatant frauds that somehow manage to be included in these funds have an easier time surviving (and the larger the market cap, the more inflows their shares receive). In the 2021 stock mania there were other factors at play too.
Intel management didn’t want to pivot to microchips despite the team’s pleads, so they left and founded Zilog, which eventually prompted Intel to pivot (https://www.amazon.com/Silicon-Invention-Microprocessor-Scie...)
Electricity generation takes up less than half of global energy consumption, I think the figure is 30-40%.
This means most fossil fuels are burned for purposes other than generating electricity, and even if 100% of electricity generation was carbon-free you would still have a ton of fossil fuel consumption, things like heating, transportation, etc.
Transitioning all of that energy consumption to electricity is a huge feat, AND you need a f-ton more electricity generation, transportation, and storage, and of course it needs to be carbon free otherwise the problem is just made worse by the inherent inefficiencies.