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> Good. I’m mostly curious about systems where AI decisions affect the system itself, like financial markets. What is the equilibrium? Is there one? What about as the AIs that make the models are themselves updated?
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> Sorry that came out maybe ruder than I would have liked (still seething from talking in circles about Trump) but yeah it’s like so much more complicated than that,
> everyone will have an AI trying to do everything,
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> I’m imagining a kind of grey goo/paperclips scenario except with endlessly buying or selling speculative assets.
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> You guys are right, every financial transaction MUST be tracked, preferably by a powerful overseer state, preferably in a currency that they alone have the power to issue, and in whatever numbers they deem acceptable.
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> Of course all this is premised on P<>NP.
> if robust quantum computing comes of age, then traditional banks are just as dead as bitcoin.
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> Ok now that’s an insanely facile oversimplification. There is no such thing as magic creation machines.
> Everything uses resources, and whether it’s rare elements,
> electricity,
> computing power,
> uneven distribution of resources is not going to miraculously disappear.
----Bitcoin couldn't exist without modern encryption techniques, but for many centuries banks have gotten along just fine without it. And there's something else to consider, cryptocurrency is rapidly running out of time to be relevant. Once Drexler style nanotechnology is developed then, in just a few minutes, you'll be able to make anything you want yourself. That would even be true for real estate, after all the surface of a planet is not the only place where space exists. And once you reach that point what use would you have for money?John K ClarkOn Wednesday, July 31, 2024 at 4:11:23 PM UTC-7 johnk...@gmail.com wrote:On Wed, Jul 31, 2024 at 6:40 PM Stuart LaForge <stuart....@gmail.com> wrote:> Of course all this is premised on P<>NP.Most likely P≠ NP (although I wouldn't bet my life on it, mathematicians have been surprised before) but even so Bitcoin would still be dead if somebody makes a Quantum Computer that has about 1500 logical Qubits. A machine like that could break the elliptical encryption used by bitcoin in just a few minutes even if P≠ NP.John K Clark
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> If you are uploaded, you can have a simulation of anything you want at
essentially no cost beyond whatever it takes to run an upload. That's
close to a "magic creation machine."
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On Wed, Jul 31, 2024 at 8:33 PM Stuart LaForge <stuart....@gmail.com> wrote:> if robust quantum computing comes of age, then traditional banks are just as dead as bitcoin.Bitcoin couldn't exist without modern encryption techniques, but for many centuries banks have gotten along just fine without it. And there's something else to consider, cryptocurrency is rapidly running out of time to be relevant. Once Drexler style nanotechnology is developed then, in just a few minutes, you'll be able to make anything you want yourself. That would even be true for real estate, after all the surface of a planet is not the only place where space exists. And once you reach that point what use would you have for money?
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> But what you’re imagining, the novelty of having a dream world to create with wild abandon, is only the first moment of upload-world. People with endless time get endlessly bored. And eventually they become beings that can innately comprehend thousands of dimensions and higher-order math that we literally cannot grasp right now. And of those beings, some will be swifter and more adept in that environment. And then the jupiter brain or whatever will run out of processing power to accommodate those beings, and they will have to go back into reality to get more raw materials.
> it still thinks much much faster than we do at any particular locus. It may be slower for information to travel from one end to another but I’m sure they will figure out what can and can’t wait and batch signal.
> A dust cloud would be much warmer than the observed IR temperature.
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You like Ether, and I am fine with that, but you never answered my question about the difference between a computer using PoW to maintain transaction ledgers and a human pencil pusher doing the same or a similar bureaucratic job.
Another thing that I dislike about PoS is that even if you can afford to stake crypto to generate wealth, it is illegal to do so in the United States, Canada, and several other countries. Mining blockchains for PoW might be energy intensive, but at least it is not a crime in the USA.
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Hi Stuart,On Sun, Aug 4, 2024 at 6:59 PM Stuart LaForge <stuart....@gmail.com> wrote:You like Ether, and I am fine with that, but you never answered my question about the difference between a computer using PoW to maintain transaction ledgers and a human pencil pusher doing the same or a similar bureaucratic job.Oh, I misunderstood, I thought you were asking about the difference between Bitcoin PoW and Ether PoS. I would agree that both POW and work to maintain transaction ledgers are both terribly wasteful, or not too much different.Another thing that I dislike about PoS is that even if you can afford to stake crypto to generate wealth, it is illegal to do so in the United States, Canada, and several other countries. Mining blockchains for PoW might be energy intensive, but at least it is not a crime in the USA.Do you have a source for this shocking news to me? If it is illegal to stake Ether in the US, I'm very surprised I didn't know about it. It has always been something I've wanted to do, I just haven't gotten around to doing it yet.
Persons from the following locations and all sanctioned nations are prohibited from participating in on-chain Staking.
Country | Country Code |
American Samoa | AS/ ASM |
Canada | CA / CAN |
Guam | GU/ GUM |
Hong Kong | HK/ HKG |
Kazakhstan | KZ / KAZ |
Malta | MT/ MLT |
Marshall Islands | MH/ MHL |
Puerto Rico | PR/ PRI |
Seychelles | SC/ SYC |
Singapore | SG/ SGP |
South Korea | KR/ KOR |
Thailand | TH/ THA |
United States | US/ USA |
US Virgin Islands | VI/ VIR |
Stuart LaForge
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Oh yes. I was getting ready to stake a whole heap of Ether on my favorite exchange, Kraken, when they turned staking off for US customers for exactly that reason. I was totally pissed.But, I still do have a LOT of Ether staked with coinbase, as they have gone through the requirements to register as an exchange. I also expect Kraken to get registered in the US, also, someday, and believe they will offer staking to US customers again.Or maybe the next president will make it legal, or something.Here's to hoping.
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> you never answered my question about the difference between a computer using PoW to maintain transaction ledgers and a human pencil pusher doing the same or a similar bureaucratic job.
>> I don't understand, you think the radiators on a Dyson sphere that is giving off its waste heat would be colder than a dust cloud?! The radiator would be heated by the star and by the waste heat of the Dyson Sphere, but a dust cloud would just be heated by the star.
> The observed IR from Tabby's star is equal to 65 K. At the distance of the blocking object, the light input is 105 W/m^2. To be in equilibrium, thetemperature of the cloud would need to be 210 degree K assuming one side radiation.
In any case, dust or object, it's all limited by the energy from the star.
>> the Boomerang Nebula is a dust cloud and it's interior is the coldest place astronomers have ever found, it's at 0.928K, it's the only place that astronomers have ever found that is colder than the Cosmic Microwave Background Radiation which is at 2.725 K.
> I need to look this up. It would seem to be a natural example of a
perpetual motion machine since you could tap the difference for energy.
>>> In any case, dust or object, it's all limited by the energy from the star.
>> That is true, and exactly the same thing would be true for a Dyson Sphere. I don't understand why you believe a Dyson Sphere explains the IR observations better than dust can.
> Dust would be quite a bit hotter.
>> Yes, you could turn the Boomerang Nebula into a heat engine and get a finite amount of energy out of it, but you couldn't do it perpetually, it's not perpetual motion. The longer you run your heat engine the warmer the interior of the Boomerang Nebula will get, until eventually it will come into thermodynamic equilibrium with the Cosmic Microwave Background Radiation.
> How did the interior of the cloud get so cold? Is it an ongoing process?