Idiocracy (2006)

[DDE]

8 hours ago, Superfluous J said:

I wonder how the last 10-ish years of that graph would look if it was made today, with bitcoin and AI "helping" use power.

I don't know. Certain regions known for aggressive mining are also known for flagrant disregard for power grid regulations. You just tap in and mine away.

Where's what @Nuke is asking is fundamentally contradictory.

1 hour ago, Nuke said:

it should also function with ubiquitous hardware so you dont manufacture e-waste that's only good at hashing for a couple years before it too no longer pays for itself

The tall requirements for mining are a built-in mechanism for limiting inflation. Without it, the unsupported currency would get debased pretty quickly, I think.

1 hour ago, Nuke said:

i had kind of hoped crypto would stay. but we cant have peasants making money with little or no effort, can we?

Two fairly untelated factors are causing its gradual death. One, in an age of intense surveillance over finance movements, its basic concept is utterly unwelcome. The crypto industry thus must be reeled in until it's indistinguishable from regular banks... at which point, where is the advantage over CBDCs and various Fast(er) Payment Systems?

Two, I think the memecoins are making the whole thing too ridiculous to consider, to the point where money itself becomes a joke. It's being made from pure speculation, out of thin air...

I feel less ridiculous owning one-millionth of RCC Energia.

[DDE]

8 hours ago, Superfluous J said:

I wonder how the last 10-ish years of that graph would look if it was made today, with bitcoin and AI "helping" use power.

I don't know. Certain regions known for aggressive mining are also known for flagrant disregard for power grid regulations. You just tap in and mine away.

[DDE]

8 hours ago, Superfluous J said:

I wonder how the last 10-ish years of that graph would look if it was made today, with bitcoin and AI "helping" use power.

I don't know. Certain regions known for aggressive mining are also known for flagrant disregard for power grid regulations. You just tap in and mine away.

Where's what @Nuke is asking is fundamentally contradictory.

1 hour ago, Nuke said:

it should also function with ubiquitous hardware so you dont manufacture e-waste that's only good at hashing for a couple years before it too no longer pays for itself

The tall requirements for mining are a built-in mechanism for limiting inflation. Without it, the unsupported currency would get debased pretty quickly, I think.

1 hour ago, Nuke said:

i had kind of hoped crypto would stay. but we cant have peasants making money with little or no effort, can we?

Two fairly untelated factors are causing its gradual death. One, in an age of intense surveillance over finance movements, its basic concept is utterly unwelcome. The crypto industry thus must be reeled in until it's indistinguishable from regular banks... at which point, where is the advantage over CBDCs and various Fast(er) Payment Systems?

Two, I think the memecoins are making the whole thing too ridiculous to consider, to the point where money itself becomes a joke. It's being made from pure speculation, out of thin air...

I feel less ridiculous owning one-millionth of RCC Energia.

[DDE]

8 hours ago, Superfluous J said:

I wonder how the last 10-ish years of that graph would look if it was made today, with bitcoin and AI "helping" use power.

I don't know. Certain regions known for aggressive mining are also known for flagrant disregard for power grid regulations. You just tap in and mine away.

Where's what @Nuke is asking is fundamentally contradictory.

1 hour ago, Nuke said:

it should also function with ubiquitous hardware so you dont manufacture e-waste that's only good at hashing for a couple years before it too no longer pays for itself

The tall requirements for mining are a built-in mechanism for limiting inflation. Without it, the unsupported currency would get debased pretty quickly, I think.

1 hour ago, Nuke said:

i had kind of hoped crypto would stay. but we cant have peasants making money with little or no effort, can we?

Two fairly untelated factors are causing its gradual death. One, in an age of intense surveillance over finance movements, its basic concept is utterly unwelcome. The crypto industry thus must be reeled in until it's indistinguishable from regular banks... at which point, where is the advantage over CBDCs and various Fast(er) Payment Systems?

Two, I think the memecoins are making the whole thing too ridiculous to consider, to the point where money itself becomes a joke. It's being made from pure speculation, out of thin air...

I feel less ridiculous owning one-millionth of RCC Energia.

8 hours ago, Superfluous J said:

I wonder how the last 10-ish years of that graph would look if it was made today, with bitcoin and AI "helping" use power.

I don't know. Certain regions known for aggressive mining are also known for flagrant disregard for power grid regulations. You just tap in and mine away.

Where's what @Nuke is asking is fundamentally contradictory.

1 hour ago, Nuke said:

it should also function with ubiquitous hardware so you dont manufacture e-waste that's only good at hashing for a couple years before it too no longer pays for itself

The tall requirements for mining are a built-in mechanism for limiting inflation. Without it, the unsupported currency would get debased pretty quickly, I think.

1 hour ago, Nuke said:

i had kind of hoped crypto would stay. but we cant have peasants making money with little or no effort, can we?

Two fairly untelated factors are causing its gradual death. One, in an age of intense surveillance over finance movements, its basic concept is utterly unwelcome. The crypto industry thus must be reeled in until it's indistinguishable from regular banks... at which point, where is the advantage over CBDCs and various Fast(er) Payment Systems?

Two, I think the memecoins are making the whole thing too ridiculous to consider, to the point where money itself becomes a joke. It's being made from pure speculation, out of thin air...

I feel less ridiculous owning one-millionth of RCC Energia.

8 hours ago, Superfluous J said:

I wonder how the last 10-ish years of that graph would look if it was made today, with bitcoin and AI "helping" use power.

I don't know. Certain regions known for aggressive mining are also known for flagrant disregard for power grid regulations. You just tap in and mine away.

Where's what @Nuke is asking is fundamentally contradictory.

1 hour ago, Nuke said:

it should also function with ubiquitous hardware so you dont manufacture e-waste that's only good at hashing for a couple years before it too no longer pays for itself

The tall requirements for mining are a built-in mechanism for limiting inflation. Without it, the unsupported currency would get debased pretty quickly, I think.

1 hour ago, Nuke said:

i had kind of hoped crypto would stay. but we cant have peasants making money with little or no effort, can we?

Two fairly untelated factors are causing its gradual death. One, in an age of intense surveillance over finance movements, its basic concept is utterly unwelcome. The crypto industry thus must be reeled in until it's indistinguishable from regular banks... at which point, where is the advantage over CBDCs and various Fast(er) Payment Systems?

Two, I think the memecoins are making the whole thing too ridiculous to consider, to the point where money itself becomes a joke. It's being made from pure speculation, out of thin air...

I feel less ridiculous owning one-millionth of RCC Energia.

[Nuke]

regulation is always a buzzkill. how else is a misanthrope shut-in to make a living?

[Lisias]

15 minutes ago, Nuke said:

regulation is always a buzzkill. how else is a misanthrope shut-in to make a living?

By being a hit-man?

[Nuke]

30 minutes ago, Lisias said:

By being a hit-man?

then i would have to go outside.

[Lisias]

27 minutes ago, Nuke said:

then i would have to go outside.

Let me know if you need some help, my exchange rate favours you by the way! I'm currently pretty cheap!!

(I surely could use the Money so I can buy some new gaming hardware and play KSP2!!!! )

[Nuke]

you are better off buying old hardware and playing ksp1.  just look at the current boondoggle wrt 12vhpwr connectors and the lack of load balancing circuitry on the 50xx series gpus.

Spoiler

 

 

Edited 18 hours ago by Nuke

[Lisias]

36 minutes ago, Nuke said:

you are better off buying old hardware and playing ksp1.  just look at the current boondoggle wrt 12vhpwr connectors and the lack of load balancing circuitry on the 50xx series gpus.

And, so, half the humanity were saved by hardware failures!

Spoiler

https://www.monkeyuser.com/2020/circle-of-ai-life/

(yeah, I had a hell of a week...)

[Vanamonde]

Please return the discussion to the subject of the thread. 

[Nuke]

8 hours ago, Vanamonde said:

Please return the discussion to the subject of the thread. 

honestly im not sure what it was about, the tangent into dystopian fiction then that fiction becoming reality was kind of disorienting.