throwaway7281

The next big thing must flush you with probably an order or so more dopamine - maybe some free artificial/AR world with hundreds of new cool friends who aren't real but make you feel better. That would be so 2020s!

Comment · 5 years ago

Yes of course. You have to give in at a point, because you have no options, it's probably simple as that.

Comment · 5 years ago

Sad to see that FAANG is so attractive - sure, pay is nice, technical problems are nice - but you are actively working on walled gardens. You become a walled gardener.

Comment · 5 years ago

Good for them. I find it strange that we have this org setup at all. A union illustrates the clear divide between capital owners and workers. It sounds so 19th century, but it's just as valid today, unfortunately.

Comment · 5 years ago

Always remember: Don't get high on your own supply.

Comment · 5 years ago

I don't know. I see the nice HSBC building in my city and all I can think of is that half of the business of theirs is crooked, money laundry, trafficking, drug cartels. No shiny building can change what you actually do.

Comment · 5 years ago

I can see that mining is a good incentive to look for excess energy in all kinds of places and make use of it. That's a capitalistic motiv, finding solutions to derived issues, when something else is at the core of the problem. But anyway.

B$ still looks ridiculous, let me explain.

* world electrical energy consumption: ~25000 TWh [1] * bitcoin energy consumption index: ~77 TWh [2]

Bitcoin today consumes as much as 0.3% of the total energy available on this planet.

That's fine, if half the world would use it and would do meaningful things with it.

What is it actually used for most visibly?

As a betting ground with galactic momentum, a technology promising to be the solution to everything, and just outrageous claims that only the bovine left to be excited about.

It's not that the algorithms and data structures are not cool, the certainly are - but we can do so much more today with technology than this.

[1] https://www.vgb.org/en/data_powergeneration.html?dfid=98054 [2] https://digiconomist.net/bitcoin-energy-consumption

Comment · 5 years ago

That's my #1 reason to be bearish on B$ - it's just a complete environmental cluster-fuck. And in order to not see this, you'll have to ignore a lot of facts - which in turn tells me a lot about those inside the crypto-bubble, namely that they do not care that much about facts.

Comment · 5 years ago

Internet as a public good.

Comment · 5 years ago

I was stretching the point, but what amazes me is the amount of stuff people want to do vs. the amount of equipment they throw at the problem.

Comment · 5 years ago

To put it into perspective: You give me $72K and I'll set you up a 1PB replicated storage infra with a total of 100+ available CPU cores and half a TB RAM.

I saw people burning through cash in the cloud, which makes you wonder weather money is any concern at all.