I admire how calm you stayed before the most random complainer ever. He might not be a random guy, but he complains about very random things no one would expect.
@Xymist Interesting. You're proving my point perfectly.
When a human shows contempt for another human seeking help, that's unfortunate.
When AI learns to replicate that contempt at $200/month, that's the problem I'm highlighting.
Thank you for demonstrating why we need AI that elevates human interaction, not one that amplifies our worst impulses.
Yep, we have a big distric heating system here in Brno, Czech Republic - in operation since 1930, with 110 000 housholds & most big public and commercial buildings connected. It started as coal fired, but the modern system combines natural gas cogeneration (gas turbine -> steam turbine -> district heat) and waste incineration (that also includes a steam turbine to make some electricity). In the summer the waste incinerator provides all the necessary heat for the system alone. :)
Eventually the city would like to make the system stop using natural gas, so there is a wood waste burning plant comming online at the end of this year & hot water pipeline is being built from the nearby Dukovany power plant. This two together should make the system natural gas indepedent in the future. :)
While it started as steam based system & powered most of then very important textile industry, steam also has issues. Old pipes loose quite a bit of heat on the way (there used to be evergreen meadows even in winter in places above the old steam pipes), the pipes flex quite a bit when heating up/cooling, so they need to be placed on rollers in underground channels with U shaped sections to account for the pipe stretching/contracting. The steam also condenses & you need to get rid of that condensate on the way. And while unlikely, it is possible for a steam pipe to burst/explode, which is very dangerous for any bystanders.
For these reasons & because the textile industry being much less important, the Brno district heating system is being converted to hot water distribution, which is quite a bit more effcient apparently. Reportedly, with modern insulated pipes, the heat loss on the way is negligeable, the pipes can be placed directly in the ground & they form a closed loop - no more mucking with rollers, condensante or explosions.
So in a few years, the often seen steam ventilation pipes (from the various steam related texhnical spaces) around the city will be a thing of the past. :)
I live in Minnesota and both Minneapolis and St Paul have district heating and cooling systems in their downtown core areas. Cordia Energy operates the Mpls network and Evergreen Energy operates the St Paul network. I’m unsure what the fuel source is for the Mpls network but the St Paul network uses wood chips/wood waste and natural gas.
I don't understand how you took the time to test that, but didn't take the time to RTFA:
> We are getting reports of YouTube rolling out an experiment to some accounts where normal videos only have DRM formats available on the tv (TVHTML5) Innertube client.
It is, however, strongly correlated with value. Therefore, if you want to argue that any specific asset is overvalued (or has no value at all), the onus is on you to provide an actual argument and not a lazy slogan.
What kind of usefulness threshold would Bitcoin have to reach for you to assign value to it?
Is 25 million wallet not enough? Given that a wallet is basically a bank account except it cannot be seized by a government, a bank can't stop transfers, a bank employee won't demand to know why you're withdrawing the money and you can access your satoshis anywhere in the world.
Is 420 million Bitcoin owners enough?
Multiple Bitcoin ETFs? Legalized in multiple countries?
Bitcoin ETF becoming the fastest growing ETF ever?
Blackrock recommending 1-2% portfolio allocation to Bitcoin?
El Salvador stacking on bitcoin?
Strategy becoming the best performing stock in recent years with a simple strategy of stacking bitcoin?
> Given that a wallet is basically a bank account except it cannot be seized by a government
All wallets could become worthless in a weekend if a government makes the wrong stride in quantum research..
El Salvador is not recommending Bitcoin and found low interest in actual use.
Madoff also had a fund that could return very well. Satoshi just has to show up and cash out to ruin his pyramid or push the pyramid entirely to the US tax payers right now. Seems improbable like the chairman of NASDAQ running a scam..
These bizarre scams have no place in a real economy and we have to get rid of 0% interest to kill this garbage.
> All wallets could become worthless in a weekend if a government makes the wrong stride in quantum research..
No need for the wrong stride in quantum research. A government can make it illegal and seize the exchanges and watch actual value go to a round 0 in seconds.
A nation's government has a vested interest in preserving the value and viability of its own currency, not Bitcoin's.
If quantum computing breaks Bitcoin hash then it also breaks any other encryption so I can ssh to your server, login to your bank account, change the code in your github repo.
> El Salvador is not recommending Bitcoin and found low interest in actual use.
El Salvador is not a person.
The president of El Salvador is hardcore Bitcoin believer. El Salvador, the country, is stacking as much Bitcoin as they can, despite pressure from IMF that tries (I wonder why?) to stop them.
> Madoff also had a fund that could return very well
Except he didn't. He was lying about returns of his investments and it crashed and burned when the truth came out.
Blockchain is fully transparent. Every Bitcoin transaction ever made is recorded in immutable database and you get to read the full ledger, from the day it was created.
There is no way to lie about Bitcoin transaction. The current price is decided by an auction with millions of participants.
> If quantum computing breaks Bitcoin hash then it also breaks any other encryption so I can ssh to your server, login to your bank account, change the code in your github repo.
OpenSSH >9.0 has algorithms in place for the post-quantum world:
* ssh(1), sshd(8): use the hybrid Streamlined NTRU Prime + x25519 key
exchange method by default ("sntrup761x25519-sha512@openssh.com").
The NTRU algorithm is believed to resist attacks enabled by future
quantum computers and is paired with the X25519 ECDH key exchange
(the previous default) as a backstop against any weaknesses in
NTRU Prime that may be discovered in the future. The combination
ensures that the hybrid exchange offers at least as good security
as the status quo.
Quantum research is nothing but a scam designed to extract grant money and pump share values higher until they can actually factor a number larger than 21 using Shor's algorithm. They did that in 2012. Everything since then has been smoke and mirrors. For as much as you want to call Bitcoin a scam, you're relying on an incredibly more obvious one in your hatred of it.
Additionally, El Salvador is only "dropping" bitcoin (officially) because they are being economically pressured by the IMF. So much for sovereignty for the little guy and democracy (he WAS elected, you know?).
I find the scientific community that is either researching or confused by quantum phenomenon to be a lot more legitimate than the financial community who are either researching or confused by blockchain.
Bitcoins price 1818: $0
Largest number factored with Shor's algorithm, 1818: 0
Bicoins price 1920: $0
Largest number factored with Shor's algorithm, 1920: 0
AI winter means ChatGPT is a figure of our collective imagination or that past performance doesn't predict future returns or the rate of scientific developments?
Maybe you have a real thought on that instead of an arbitrary comparison of numbers that don't really relate.. I.e. Quantum research investment would be at least be a faith number that says something about the number of believers in something. What that has to do with the possibility that it falls apart I don't know.
Yeah, I have a real thought: QC is a scam, and you're buying into it. Not much more than that.
If you want to put this to an empirical test, you should buy $10 worth of quantum computing stock and $10 of bitcoin and see which performs better over the next 10 years.
QC might be impossible and some involved may view it as just an income scam, I simply doubt that they all do.. I don't really see a difference in bitcoins price. A large portion of crypto mercenaries are no doubt propping up even the more legitimate coin prices by utility in pig butchering, etc, in getting a mark into the right behaviors..
I don't know if the pricing of the champagne in the "champagne room" should be taken as reflecting market sentiment just because it has been globalized. In some sense any kind of scam that runs long enough is just the regular market, but if it has no legitimate revenue I think it must reach the plateau where it can't fulfill the fad function of investing in it. What is the market for currency as a casino, Forex is only half that illegitimate purpose and it doesn't command much respect.
The cryptocurrency space is going to be much more than a "casino" in the near future. You can already buy tokenized stocks and treasury bills if you're not a resident of the USA. Trump said crypto capital, so expect at least that and a lot more. Why should stock market trading be limited to when the NYSE is open, anyway? Pay attention to what Eric Trump says about WLFI.
Without Chelsea Clinton's endorsement, I don't think I could possibly use a 24 hour day trading tool. The US is a flim-flam nation now and you shouldn't buy all the crap they sell each other on TV.
In something like transportation one is betting real returns come in before the asset is worthless. Bitcoin has no return so one is betting the asset goes up because it is scarce and you get out before it is worthless. Real estate at least has rents or personal use.
The return of Bitcoin that it represents the next step towards a superior form of money and an evolution of how financial systems work in a digitized world. It's "stock price" increases the more true and realized this idea becomes.
Real estate has taxes, insurance, repairs, tenants that can trash your place, competition from other real estate, illiquidity, high transaction costs, hurricanes, fires, floods, riots, is impossible to move.
Nope, not at all. Stocks represent partial ownership of a company. If you buy all the stock for a company, you own the company. Companies are valuable because they (ideally) make a profit for the owners.
Bonds are valuable because the company or government that issues them signs a contract to pay out a certain amount on them. They won’t always do that, but thats why we have rating agencies to help investors understand the risk.
The closest equivalent to crypto in traditional assets is probably precious metals and gemstones, though even those typically have some industrial uses to drive demand.
Diamonds are a great example of the downside of looking at the market value of something alone. The natural diamond market has been massively disrupted by the rise of artificial diamonds and diamond alternatives.
Great argument. "I don't believe it has value, so it doesn't." Well, keep telling yourself that. I'm sure you feel just as smart as you did when you dismissed bitcoin at $1,000, and you'll feel just as smart dismissing it at $1,000,000.
I’m not dismissing it. I’m saying that it’s different than traditional investments since most of the potential uses are still speculative, whereas it’s pretty obvious what value you can get from ownership of a company or a barrel of oil.
To expand on my previous response: econ 101 teaches us that the price of any non-scarce product will converge to the cost of production plus some small profit margin.
Tulip is not a scarce asset because you can make more tulips. If cost to produce a tulip is $1 dollar and the price spikes to $100 due to demand outstripping supply, people will be incentivized to grow more tulips.
At some point they'll grow enough tulips for supply to meet the demand and they will have to sell tulips at merely small profit. In fact, some will likely have to sell tulips at a loss due to overproduction.
Mona Lisa doesn't have this problem. There's only one Mona Lisa so as long as demand goes up, the price goes up.
Bitcoin doesn't have this problem. There's a hard limit of 21 million bitcoins that will ever exist. As long as demand for bitcoin goes up, the price goes up.
> As long as demand for bitcoin goes up, the price goes up.
And as long as the demand for Bitcoin goes down, the price goes down.
There's nothing magical about scarcity. The amount of Enron stock certificates issued was finite, but I'm not sure buying them would have been a good idea....
300 grand minimum for the chance to throw half your genetics into the future.
That worth 300k? Opinions differ. I don't have an enormous farm filled with livestock for tiny hands to help with, so I'm going with "no".
Some people think I am immoral for thinking this, but they do not have farms either, so I'm not confident in their judgement. On the other hand, urbanites seem to think children can be replaced by kittens. This is more or less the core of the Culture Wars, so probably starting a huge Internet Fight here.
Dang, sorry that came off that way. I like kids. I didn't think that sounded like an anti-child troll. I got my three nibs for the summer, so I might let them know for their own good. Parents shouldn't leave their kids with trolls!
Humans have a complicated relationship with their "instincts". Why is that? We have culture, which can (theoretically) adapt very rapidly compared to information exchange via sex / virus / "some other mystery horizontal genetic transfer". How much more rapidly? It's faster, but how much faster is a hugely debated topic in anthropology and genetics. Same net effect: humans, probably since before they were humans, have felt almost constantly at war with their "instincts", since culture is always faster to adapt.
Here's another trick: how do you differentiate between an "instinct" and a general want? You kind of don't, and this opens up a rhetorical relationship with the whole concept of "instinct" that has a heavy history and lives into the present day. But do we know what our instincts are? We could jump deep into the fMRI rabbit hole here, saying this "pathway" this, and "horrible abuse of stats" that, but I think that's a waste of effort. It doesn't matter - not in this context, I DO think it's needed science - because both instinct and culture have the same desired end state: human - and American, if possible - survival. Why not just break it down old fashioned utilitarian style? Which is why I bring up farms. Post-agricultural, an industrial state NEEDS to support birth rates via direct subsidies, as in paychecks.
This never happens, so kids don't happen either, and we start talking about three hundred grand and instincts and trolls and all the rest.
We love blaming those at our same socio-economic level for the ills that we perceive in the world, but often it's our masters who gain the most from pointing us at each other's throats. The loss of traditional values, the shattering of the working class, the collapse of masculinity, the dehumanization of the black and of the woman, the ever-shrinking family, the escalating violence of state security, the complete loss of any sense of privacy or decency - it's the same force making these things happen. HAS BEEN MAKING them happen, for years, decades or even centuries.
How this country responds to that fact decides everything, including how we respond in a peer conflict. Would the Democrats necessarily mind a losing ground war that drains the countryside? Would the Republicans necessarily retaliate after a few dozen megatons land on NYC, LAX, SFO, PDX, and SEA? That's why I worry about this shit. Because as much as we might hate <INSERT AMERICAN YOU DISAGREE WITH>, I guarantee we really need to hate the PLAAF more.
Children are an insurance policy - negative EV for sure, but if you raise them right, and they do alright, and you hit skid row in your dotage then they’ll take you in and provide free food and board for the rest of your life.
Ice floes were always a risk to policy fulfilment, so Boomers invented Global Warming to remove them.
same experience trying to find videos that answer a technical question - there's no immediate gauge on whether or not the video's useful, and it's easy (and often automatic on YouTube's part) to hide any comments with a negative sentiment
Sure, we all got fucked by that but just think of the political porn addicts who now get to have their feelings protected. Ensuring the integrity of their ideological bubbles is much more important than preventing videos with dangerous instructions in them from being promoted.
