Provided one spends the time to learn what money is, owning at least a small amount of bitcoin makes sense. And, since bitcoin is programmatically deflationary, it fits perfectly within Jeff’s concept of a deflationary system.
This is something I've been thinking for years. I'm glad that someone with decent credentials has put something out there. I know he doesn't want to commit to having the "answer" but something I see that could work is having 2 parallel systems. The current asset based one and one based on a "currency" that has a theta value, like an option. Sort of a UBI but maybe better to think of it as a Societal Dividend. An option on a share of society's production. I really think this is kind of an obvious thing those in the know are dancing around, people like Andrew Yang with his freedom dividend. It can't be stored because of time decay but can be traded. Use it or lose it. You have to exercise it in a timely fashion. Obviously a simplistic explanation as you'd need to think about how the effects on the whole chain. Until recently it probably wasn't feasible but now with blockchain it's possible. Obviously there has to be some new laws made but really a lot of ad hoc social system now in place could be scrapped so I don't see things getting more complicated than they already are.
Gold's value has nothing to do with dollars or any other government currency. The collective unconscious has recognized it's value for the millennia, for a variety of reason, and that hasn't changed, nor is it likely to. It has more in common with crypto than either have to any fiat currency. Except you don't have to plug it to get it to work. Gold remains the most durable form of insurance against social disorder and chaos. None of that means we are not going to crypto, it has value too. They make a good pair.
Correct, smaller feature sized transistors have higher leakage current, so self heating limits maximum operating speed. RISC was the more efficient processors, instructions per watt. HALT and CATCH FIRE on NetFlix.
@@jamesmorton7881 Moore's law has slowed down but there's still way more room for computers to get faster and moreover Quantum computers are on the horizon. it's getting more difficult but progress is still being made.
@@kythrathesuntamer9715 The PCB is a low pass filter, rolling off at 1GHZ. that sets the max bit rate for the serial chip to chip transmission lines. Oh and the signal amplitue is about 1000mvPP. rise time is a bout 50ps so they look like sine waves not square waves. Retired Military grade CPU engr. the ONE GHZ CPU clock speeds is now 15 years old. they went to multiple cores. AI is but a dream. Basically still rule based software just executing at 1GHZ. Bit error rates will never be zero due to high enegry cosmic rays. even at and below ground levels.
@@jamesmorton7881 GHZ became a bad way to measure a long time ago though. you can get much faster CPUS without necessarily raising clock speeds. "a CPU with a higher clock speed from five years ago might be outperformed by a new CPU with a lower clock speed, as the newer architecture deals with instructions more efficiently. an X-series Intel® processor might outperform a K-series processor with a higher clock speed, because it splits tasks between more cores and features a larger CPU cache. But within the same generation of CPUs, a processor with a higher clock speed will generally outperform a processor with a lower clock speed across many applications. This is why it’s important to compare processors from the same brand and generation." www.intel.com/content/www/us/en/gaming/resources/cpu-clock-speed.html
@@kythrathesuntamer9715 von Newman machines, fetch & exectue. MIPS per WATT is King. eff RISK about 1.8 instructions per clock parallel execution, still tme dependant more NOPS is no improvement in a meat world talk is c h e a p CPU hardware design Engr So the old METASTABLE STATE still kicks your punk ass
Labor is F = MA, AI & automation produce real work. Thinking and creativity are not produced by automations, yet. When the AI turns itself on, then I worry.
Provided one spends the time to learn what money is, owning at least a small amount of bitcoin makes sense. And, since bitcoin is programmatically deflationary, it fits perfectly within Jeff’s concept of a deflationary system.
This is something I've been thinking for years. I'm glad that someone with decent credentials has put something out there. I know he doesn't want to commit to having the "answer" but something I see that could work is having 2 parallel systems.
The current asset based one and one based on a "currency" that has a theta value, like an option. Sort of a UBI but maybe better to think of it as a Societal Dividend. An option on a share of society's production. I really think this is kind of an obvious thing those in the know are dancing around, people like Andrew Yang with his freedom dividend.
It can't be stored because of time decay but can be traded. Use it or lose it. You have to exercise it in a timely fashion. Obviously a simplistic explanation as you'd need to think about how the effects on the whole chain.
Until recently it probably wasn't feasible but now with blockchain it's possible.
Obviously there has to be some new laws made but really a lot of ad hoc social system now in place could be scrapped so I don't see things getting more complicated than they already are.
Diminishing returns as efficiency rises. Less to be gained.
When the machines are smarter than us they will figure out we are the problem.
Not if the core base of their logic is to help us.
So articulate - I wish I know what he was investing in :-)
Check his UA-cam interview on real vision finance ,in the last ten minutes he tells you
Gold's value has nothing to do with dollars or any other government currency. The collective unconscious has recognized it's value for the millennia, for a variety of reason, and that hasn't changed, nor is it likely to. It has more in common with crypto than either have to any fiat currency. Except you don't have to plug it to get it to work. Gold remains the most durable form of insurance against social disorder and chaos. None of that means we are not going to crypto, it has value too. They make a good pair.
Volume is way to low
Do we work to live ? We will not have full employeement with high efficiency.
so share the wealth.
Wouldn't the doubling up happen faster and faster as the tech expands and gets smarter?
No because the returns get smaller
Moore's law reached its limit in 2019 already; no more way forward for that as expected.
Correct, smaller feature sized transistors have higher leakage current, so
self heating limits maximum operating speed. RISC was the more efficient
processors, instructions per watt. HALT and CATCH FIRE on NetFlix.
@@jamesmorton7881 Moore's law has slowed down but there's still way more room for computers to get faster and moreover Quantum computers are on the horizon. it's getting more difficult but progress is still being made.
@@kythrathesuntamer9715 The PCB is a low pass filter, rolling off at 1GHZ. that sets the max bit rate for the
serial chip to chip transmission lines. Oh and the signal amplitue is about 1000mvPP. rise time is a bout
50ps so they look like sine waves not square waves. Retired Military grade CPU engr. the ONE GHZ CPU
clock speeds is now 15 years old. they went to multiple cores. AI is but a dream. Basically still rule based
software just executing at 1GHZ. Bit error rates will never be zero due to high enegry cosmic rays. even at
and below ground levels.
@@jamesmorton7881 GHZ became a bad way to measure a long time ago though. you can get much faster CPUS without necessarily raising clock speeds. "a CPU with a higher clock speed from five years ago might be
outperformed by a new CPU with a lower clock speed, as the newer
architecture deals with instructions more efficiently.
an X-series Intel® processor might outperform a K-series processor with a
higher clock speed, because it splits tasks between more cores and
features a larger CPU cache. But within the same generation of CPUs, a
processor with a higher clock speed will generally outperform a
processor with a lower clock speed across many applications. This is why
it’s important to compare processors from the same brand and
generation."
www.intel.com/content/www/us/en/gaming/resources/cpu-clock-speed.html
@@kythrathesuntamer9715 von Newman machines, fetch & exectue.
MIPS per WATT is King. eff
RISK about 1.8 instructions per clock
parallel execution, still tme dependant
more NOPS is no improvement in a meat world
talk is c h e a p
CPU hardware design Engr
So the old METASTABLE STATE still kicks your punk ass
Labor is F = MA, AI & automation produce real work.
Thinking and creativity are not produced by automations, yet.
When the AI turns itself on, then I worry.
The fing sound is terribile. Turn the f spund up. I cant hear anything
Bitcoin? Seriuosly?
What don't you understand about bitcoin?