Gyroscopic Investing

For some context, it would be interesting to see a comparison of the total energy consumption for Bitcoin mining vs. gold mining.

It would also be interesting to see what half of the UK's electricity consumption represents as a fraction of total global electricity consumption.

MangoMan wrote: ↑Wed May 12, 2021 11:29 am Seriously. With all the blather about climate change, no steps we take here are going to make any difference unless China and India are brought under conrtol.

Climate change and the communicable disease aspect of public health have something in common. Every country affects every other country because we all share the same planet and atmosphere. So self interest and sovereign independence becomes a real obstacle.

Think about it. What have we heard for the past year? "I don't want my rights infringed upon ostensibly because it is in the collective interest. Especially because you can't empirically prove the risks or the benefits to my satisfaction".
Now translate the same argument to a given country churning emissions into the atmosphere because it is in their economic interest to do so.

glennds wrote: ↑Wed May 12, 2021 1:05 pm

MangoMan wrote: ↑Wed May 12, 2021 11:29 am Seriously. With all the blather about climate change, no steps we take here are going to make any difference unless China and India are brought under conrtol.

Climate change and the communicable disease aspect of public health have something in common. Every country affects every other country because we all share the same planet and atmosphere. So self interest and sovereign independence becomes a real obstacle.

Think about it. What have we heard for the past year? "I don't want my rights infringed upon ostensibly because it is in the collective interest. Especially because you can't empirically prove the risks or the benefits to my satisfaction".
Now translate the same argument to a given country churning emissions into the atmosphere because it is in their economic interest to do so.

Pollution is created by a person or person's actions and can directly affect the lives of others. Human beings own the consequence of their action. I.e. if you create pollution you are responsible for the pollution and its effects on others.

This has nothing to do with people wanting to visit friends and families or not wanting to be part of medical experiment because other people "think" they should.

Tortoise wrote: ↑Wed May 12, 2021 12:57 pm For some context, it would be interesting to see a comparison of the total energy consumption for Bitcoin mining vs. gold mining.

It would also be interesting to see what half of the UK's electricity consumption represents as a fraction of total global electricity consumption.

IIRC, it's been claimed that trading crypto (processing the blockchain might be a better way to phrase it?) also requires more energy than SWIFT payments or other things like that.

Which makes intuitive sense, but I may be wrong.

"The world produces 160,000 TWh every year. 50,000 TWh is wasted.....Bitcoin uses 120 TWh."

https://twitter.com/BTC_Archive/status/ ... 4950752260

SomeDude wrote: ↑Wed May 12, 2021 1:21 pm

glennds wrote: ↑Wed May 12, 2021 1:05 pm

MangoMan wrote: ↑Wed May 12, 2021 11:29 am Seriously. With all the blather about climate change, no steps we take here are going to make any difference unless China and India are brought under conrtol.

Climate change and the communicable disease aspect of public health have something in common. Every country affects every other country because we all share the same planet and atmosphere. So self interest and sovereign independence becomes a real obstacle.

Think about it. What have we heard for the past year? "I don't want my rights infringed upon ostensibly because it is in the collective interest. Especially because you can't empirically prove the risks or the benefits to my satisfaction".
Now translate the same argument to a given country churning emissions into the atmosphere because it is in their economic interest to do so.

Pollution is created by a person or person's actions and can directly affect the lives of others. Human beings own the consequence of their action. I.e. if you create pollution you are responsible for the pollution and its effects on others.

This has nothing to do with people wanting to visit friends and families or not wanting to be part of medical experiment because other people "think" they should.

Forget about the pandemic for just five minutes.

At my place of work, if you are sick and contagious, the HR policies say you must stay home, even if it means using your PTO time. The reason why is because if you come in to work, it significantly increases the chance that you will make your co-workers sick because you're contagious. This was our policy two decades before the pandemic, and it has always made perfect logical sense to everyone. We have never had a single complaint internally or to an outside agency that this policy is discriminatory or inappropriate on any level.

So maybe we can use this example of where one person with a communicable illness actually affects other people and therein by your own admission there is a parallel to the traveling effect of pollution.

BTW, the HR policy is an example of public health. In our policies it resides in a section called "Public health in the Workplace" and the policy is called Presenteeism.

^^ old thread warning ^^^

I asked chatGPT how much all the Bitcoin in the world is worth. said about US$585 billion. Big number but smaller than what I was expecting.
At least there is a fixed limit on the number of coins.

dualstow wrote: ↑Fri Aug 02, 2024 2:33 pm ^^ old thread warning ^^^

I asked chatGPT how much all the Bitcoin in the world is worth. said about US$585 billion. Big number but smaller than what I was expecting.
At least there is a fixed limit on the number of coins.

Satoshi sat down at their computer, wrote a computer program, and shared it on the internet. The passivity of this revolutionary act, coupled with its impact on the world, continues to astound me. Satoshi seems to have been programming at a higher level, aware of game theory and human nature. He was programming humanity for its own benefit.

It inspires me to think about what other revolutionary software is possible.

Nakamoto clan fo' life.