SpongyAneurism
@SpongyAneurism@lemmy.frozeninferno.xyz
- Comment on Our love is like 1 week ago:
Yeah. I thought about sending this to my spouse for Valentine’s Day. 💝😻😘 But the Nort America part kinda ruined it.
- Comment on Anon gives up on Bitcoin in 2010 2 weeks ago:
Will the bubble eventually burst? I think so. I just think it could stagger on for a few more decades before the belief it has value eventually collapses.
I don’t think the lost belief in its value is going to collapse on its own. It is already accepted to have value by enough people, to sustain that belief. (A bit like a religion, if you think about it)
The downfall of bitcoin will lie in it’s technological design. The whole premise of the underlying blockchain technology relies heavily on Moore’s Law to keep working indefinitely. The complexity of the cryptographic calculations that have to be solved for each BTC transaction increases with each transaction, so it relies on exponential growth of computing power, or rather energy efficency of computing (which is a bit differen than Moore’s Law), to remain useful. The more widely adopted the bitcoin becomes and the more it is traded, the greater the challenge to keep it operational. That is a very impractical limitation for it to be useful as an everyday currency. If, at some point, the time and or cost-efficiency of the crypto-calculations cannot keep up with the number of BTC transactions anymore, the operational cost (or inconvenience) will limit its use. And at that point, I think, the speculation bubble will collapse eventually.
Now when that is going to happen, I cannot possibly know. I’d invest in leverage products against it, if I did.
Maybe progress in chip manufacturing will still continue to exceed my expectations. Maybe a breakthrough in quantum computing will enable the BTC to become a universally accepted currency or maybe it will break its underlying cryptography and kill it dead.Whatvever it may be, but my prediction is, that if the bitcoin is to collapse, it will probably have a reason rooted in technology.
- Comment on O shi- 3 weeks ago:
It’s not the name though, it’s the full taxonomy.
That’s like your mom calling out your whole ancestry before you get grounded for the rest of the summer vacation.
The scientific name only consists of the genus and species taxons, so Escherichia coli is already the full name.
- Comment on Sleep well tonight 2 months ago:
Well, if the market so undervalues that stuff, the logical step would be to go buy other people’s beanie babies for cheap, before people realize how much they are actually worth. And then sell heaps of them for profit, once people come to ther senses.
That’s obviousl a very stupid idea, that you could pose to her, and let her argue why she doesn’t do that. Maybe it triggers a realization about how value is constructed.
But maybe it’s not worth the risk of her taking up on this very stupid idea. - Comment on Meal prep 2 months ago:
If all you need is one single mug of hot water, a microwave is the way to go.
- Comment on SHINY 2 months ago:
There doesn’t need to be any knowledge involved. It happens, because it works. Neither the beetle nor evolution itself “know” anything about quantum physics. The beetle is just a beetle and evolution is not even an entity that has any agency, it’s just a process that’s happening and that leads to remarkable results over time.
This is just one more example for the old discussion how complexity can develop through evolution. The classic example is the eye of vertebrates. Read up on that, if you’re interested in that discussion.
- Comment on Magic Mineral 4 months ago:
Well put. My answer would have just been, that it’s possible, but that it can be very, very expensive.
- Comment on Magic Mineral 4 months ago:
Don’t worry. Asbestos cement is not really dangerous, as long as the concrete is intact and you don’t touch it, there’s nothing to be afraid of.
It’s when it crumbles or you work on it, that you have to take care. The problem is Asbestos dust entering your lungs, where it’s very carcinogenic.
But intact walls and roof are okay.
- Comment on I just kannot. 5 months ago:
I used to like a bit of philosophizing, but then I had a philosophy professor who destroyed all the fun. What a Kant.
- Comment on gatekeeping 1 year ago:
Oh, so complex numbers are not numbers now?!