10-07-2021, 05:24 AM | #51 | |
Join Date: Nov 2008
Location: Rome, Italy
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Re: First TL-9 items
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The original post was inquiring about "futurist techs" that would be market available between now and 2025. Yes, the techs you mentioned exists in some form of another but they are not available to general public (and IMHO they will remain as such for a long time) because their deploy on a wider audience would surface a lot of problems that nobody (and especially the companies developing them) want to consider or worse, be held accountable. The adoption of self driving cars is a prime example and, given the current trends, the parallel with cryptocurrencies is quite fitting. Huge geographical and social differences in a tech that have a clean split between a small "premier user" base reaping the benefits and the larger public paying the consequences. Back on the slightly off topic "The TL we live in" IMHO is the existence of such techs in the "everyday space" of the average human what defines where the "current TL" is. - Is your laptop powered by fusion power? No and it will not be for long time. - Can you use augmented reality googles? No because nobody sells it (right now the best you can have is a stylish dumber version for perverts). - Can you own a self driving car? Only under very specific conditions that apply to like 2% of the global population and, even so, you are a paying beta tester for a toy that could not even become "a thing". - Can you have a mRNA vaccine? Hell, you already have it in you blood (same as other 3 billion people unless you are somebody's crazy uncle) so yes, to me this registers as a technology in the "everyday space" of someone living in the late 2021 (well at least if we are talking about someone living the RICH part of the World). Would it have been the same without Covid? I Don't think so, probably it would have remained a fringe tech for at least another 10 years. All this to say that IMHO there a distorted perception of the times we are living in: on one side you have people believing in the PR stunts of the dumbest rich person on twitter that sells those "the future is now" ideas as venture capital advertisement (while at the same time cashing in defense contract and carbon trade permits because public money is the only sure one) on the other you have the hard reality that the only large scale adoption of a futurist technology was because of a world wide pandemic, never seen before public investments and a couple of medical suggested regulations that were welcomed by some as literally the Holocaust. So yeah, cool off your expectation for battlesuits or Terraforming Mars. And back on the wildly OFF TOPIC The underlying technology in Cryptocurrency is blockchain, which by itself is only a simple append-only, openly shared, cryptographic validated (and for all those reasons EXTREMELY inefficient) database. Its main difference with a modern FIAT currency is that while currency is backed and regulated by the country that emits it (and for this reason it is linked to a crazy amount of different factors, from GDP to political stability) Cryptocurrency is backed by bunch of anonymous randos on the internet and regulated by few opaque agents... That claims there is no regulation at all because they are living the capitalist dream of having all the profits without being held accountable for any responsibility. As a matter of fact blockchain found very few applications outside cryptocurrencies: there were attempts of using it as a smart contract system for distribution chains (I may have first hand experience of a similar project by IBM ans MAERSK in 2018) and there were even attempts to sell it as a way to certify electronic voting. But, as said above, it's a very inefficient and expensive tech to do stuff that is already managed in simpler and cheaper ways.
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“A strange game. The only winning move is not to play. How about a nice game of chess?” |
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10-07-2021, 05:34 AM | #52 | |
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Join Date: Sep 2004
Location: Southeast NC
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Re: First TL-9 items
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RyanW - Actually one normal sized guy in three tiny trenchcoats. |
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10-07-2021, 08:07 AM | #53 | |||||||
Join Date: Jun 2013
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Re: First TL-9 items
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Ultimately, I think cryptocurrency can count as an invention unless using a rather narrow definition of the word. Quote:
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10-07-2021, 08:45 AM | #54 |
Join Date: Aug 2007
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Re: First TL-9 items
No NK currency whatsoever. Not the least becase I probably couldn't trade it for anything else immediately. I do expect that sovereign currencies will have a certain "inertia" to them. Probably proportional to the likelihood of the issuing body popping like a soap bubble.
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Fred Brackin |
10-07-2021, 09:02 AM | #55 |
Join Date: Aug 2007
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Re: First TL-9 items
I'd say more like "parallel" rather than "very different". Both mean something like "come to a disasterous stop" but with airplanes the sudden stop comes from hitting something else existing in objective reality.
Objective reaiity makes believing "airplanes don't work any more" a delusion. They won't fall out of the sky because of those beliefs. "Cryptocurrencies aren't really worth anything" is just a difference of opinon but it happens in a realm where belief is everything.
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Fred Brackin |
10-07-2021, 11:22 AM | #56 |
Join Date: Jun 2013
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Re: First TL-9 items
I suppose that's fair, but airplanes falling out of the sky because nobody believes they can fly is comparable to every Bitcoin becoming irreversibly corrupted because nobody believes they are money. Outside of magic, disbelief isn't goin to cause either of those things. Universal disbelief would put a stop to Bitcoins and make them no longer worth anything... but largely the same would be true of airplanes, as if nobody believes they work, nobody's going to use them (or support them, so the existing infrastructure will either be repurposed or deserted).
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10-07-2021, 12:08 PM | #57 |
Join Date: Aug 2007
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Re: First TL-9 items
Who said anything about "irreversibly corrupted"? Their blockchains (or whatever) could still be pristine but I'd only barely consider accepting payment in them now because I think/hope they could be rapidly turned into something more durable. If I can't find somebody to do that trade with me the state of the blockchains is irrelevant.
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Fred Brackin |
10-07-2021, 02:07 PM | #58 | |
Join Date: Nov 2004
Location: Sydney, Australia
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Re: First TL-9 items
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Farmer Mortal Wombat "But if the while I think on thee, dear friend All losses are restored and sorrows end." |
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10-07-2021, 02:10 PM | #59 |
Join Date: Nov 2004
Location: Sydney, Australia
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Re: First TL-9 items
Well, yes. That's what makes it precious - demand versus supply. The drivers of that demand, and the likely consistency of its scarcity, help you to determine how likely it is to hold its value.
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Farmer Mortal Wombat "But if the while I think on thee, dear friend All losses are restored and sorrows end." |
10-07-2021, 02:17 PM | #60 | |
Join Date: Jun 2013
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Re: First TL-9 items
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That said, I'm largely in the same boat as you are with regards to it, which is why none of my money is invested in it.
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