Debt Rattle December 30 2024

 

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Viewing 22 posts - 41 through 62 (of 62 total)
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  • #178094
    D Benton Smith
    Participant

    @DrD regarding crypto

    Your counter points are well received, but leave the primary point unchallenged, that Earth does not have the capacity (by a long shot) to actually implement the bit-coin and AI crowd’s high fallutin’ plans, which are arithmetical and logistical nonsense because they CAN’T be done. If something genuinely cannot be done, then why throw away everything you own in the fool’s errand of trying to accomplish it?

    #178095
    D Benton Smith
    Participant

    @Noirette

    Your comment #178031 from yesterday was brilliant in my opinion. I wanted to repost it here to give everyone the easy chance to read it again, but my browser software isn’t cooperating. It warrants rereading.

    #178096
    those darned kids
    Participant

    what’s the hurry if so few seem happy?

    #178097
    Dr. D
    Participant

    Oh it can be done. If we can do electric/server for every credit and debit card exchange and not break a sweat, conceptually, crypto is no larger and possibly smaller. Think of it in terms of text packets transferred and recorded. That’s all it is.

    Yeah I can make an overloaded text package that chews cycles, but WHY? I haven’t bothered because their other statements are easily negated, but their electric usage is galactically overinflated. Like impossible, but good lies because it would require me to examine the electric inputs/outputs of like El Salvador, and who has time?

    But their ballpark numbers would be like, El Salvador is using 10x the electric of 5 years ago if BTC uses that much. No way. We don’t even see PRICES rising. No nation is impacted at all regardless of adoption, There are no brown outs, there’s nothing. No way on like 5 gut-checks. Their numbers are off by 100? 1,000? 10,000? I can’t tell which is why I haven’t refuted it, but it is.

    Again, the power usage of one theoretical transaction is near zero. A fraction of that required for one theoretical ATM/Banking transaction. Any computer experts who can fill in on an entire server farm and all connecting routers vs two iPhones?

    #178098
    D Benton Smith
    Participant

    @DrD

    Those itsy bitsy power draws you describe are PRSENTLY consuming roughly 4 to 5 % of all electrical generation. Just look at the meter. Those aren’t MY numbers being repoirted. Those are the numbers reported by the folks who are using that electricity to perform those itsy bitsy power draws.(that is, the Crypto & AI crowd).

    Tell ya what. You do the math your way, and I’ll let ChatGPT and CoPilot do the math their way, and we’ll see who runs out of electricity first. I’ll loan you some candles if you need ’em.

    #178099
    Michael Reid
    Participant

    #178100
    zerosum
    Participant
    #178101
    zerosum
    Participant

    Using H-1B is war against a weaker country.
    It makes a weaker country even weaker.

    #178102
    Red
    Participant

    phoenixvoice
    I would agree about the millionaires to a point. The saying came from my grandfather, born 1892. Most of the uber wealthy tended to be industrialists that he had encountered and they tended to pay low and run with all the gravy all the while extolling their virtues. However that’s capitalism right DrD pay low charge high, company towns!? The Henry Fords are no longer around.

    Bitcoin:
    British Columbia’s provincial power utility, B.C Hydro’s, moratorium on crypto mining projects was ruled as reasonable by a provincial supreme court judge, according to a ruling posted on Monday.

    The moratorium was being challenged by Conifex Timber, a forestry company that had branched out into crypto mining. Conifex was planning a mining operation with Tsay Keh Dene Nation, an indigenous tribe.

    ………………………….

    In the ruling, Justice Michael Tammen said that the moratorium, first enacted in December 2022, was reasonable, not discriminatory, and within the bounds set out by the province’s Utilities Commission Act.

    Justice Tammen wrote that B.C. Hydro’s ban was grounded on a cost-of-service basis, which considers the unique, substantial energy demands of cryptocurrency mining and aims to preserve affordable energy access for the broader population.
    https://www.coindesk.com/policy/2024/02/06/british-columbia-court-backs-ban-on-crypto-mining-in-canadian-province

    Or this:
    These days, Miehe says, a serious miner wouldn’t even look at a site like that. As bitcoin’s soaring price has drawn in thousands of new players worldwide, the strange math at the heart of this cryptocurrency has grown steadily more complicated. Generating a single bitcoin takes a lot more servers than it used to—and a lot more power. Today, a half-megawatt mine, Miehe says, “is nothing.” The commercial miners now pouring into the valley are building sites with tens of thousands of servers and electrical loads of as much as 30 megawatts, or enough to power a neighborhood of 13,000 homes. And in the arms race that cryptocurrency mining has become, even these operations will soon be considered small-scale. Miehe knows of substantially larger mining projects in the basin backed by out-of-state investors from Wall Street, Europe and Asia whose prospecting strategy, as he puts it, amounts to “running around with a checkbook just trying to get in there and establish scale.”
    https://www.politico.com/magazine/story/2018/03/09/bitcoin-mining-energy-prices-smalltown-feature-217230/

    #178108
    Michael Reid
    Participant

    #178109
    Dr D Rich
    Participant

    Spot The Psychopath…today’s supplemental

    You too Drd can resign as founding dean of a law school that still doesn’t exist and use that attribute on your resumé to become SOTH and adopt some teenage boys…gawd blesh u.

       August 2010, Johnson was named the “founding dean” of the newly established Pressler School of Law at Louisiana College. The law school never opened, and Johnson resigned in August 2012. Joe Aguillard, accused by a university vice president of misappropriating money and lying to the board, blamed Johnson’s resignation for the law school’s failure. The college soon terminated Aguillard, as it was determined he “engaged in numerous improprieties and falsities in his representations not only to school donors, but to the Board of Trustees”. The parent college has since been embroiled in administrative and legal problems.
    #178110
    analoguy
    Participant

    Regarding Crypto currency:
    Mining for an asset requires a lot more energy than verifying a transaction

    #178117
    WES
    Participant

    Bitcoin:

    The entire idea of creating bitcoin, seriously has to fall into the category of killing or dispopulating people!

    Here you have literally millions of people directed to use up scarce resources to produce nothing!

    None of these people are doing anything useful to support life!

    In fact by using up scarce resources, they are killing people!

    The WEF must have thought up this brilliantly stupid idea.

    Wake up people!

    Bitcoin is not real!

    It will never be real!

    #178118
    Dr D Rich
    Participant

    Hagiography


       writing of the lives of saints.

      derogatory

      adulatory writing about another person.

      biography that idealizes or idolizes its subject

    From: Mark Ames

    https://x.com/MarkAmesExiled/status/1873570162336485619

      When Yasser Arafat met Carter in 1996, he offered to tell Carter all about how Reagan campaign operatives tried to rope the PLO into their October Surprise scheme to keep the US hostages stuck in Tehran. Carter waved his hands at Arafat to stop talking—he didn’t want to know.

    Some times a Truther can’t handle the Truth, but James Earl Carter forgets he n they owed US the truth and not just some superficial expression of Jimmy’s political economy….huckster schtick.

    Awww shucks!

    #178119
    Dr D Rich
    Participant

    Indians are taking over Gov’t and the near constant drumbeat is against China.

    https://x.com/Iyervval/status/1873607718273167362

    https://x.com/jeetsidhu_/status/1873771041526542433

    #178120
    Dr D Rich
    Participant

    Here’s an easy one.

    The Indian psychopath says:

      Three generations of my ancestors have spoken & written, better English than your blue collar labourer family. I’ll hire you to polish my shoes though, because that’s the only thing you seem to be

    DrDR replies:

    None of my “blue collar” neighbors shit in the streets or subsist on $7 dollars daily like those 1.5 billion eaters back in your native land shitbrain. Come visit me in Seward or better yet return to India and see if you can pull your fellow streetshitters out of poverty as fast China’s Xi Jinping

    #178121
    D Benton Smith
    Participant

    The blockchain that is the record of financial transactions (even teensie weensie little transactions) grows EXPONENTIALLY as the number of transactions expands linearly, and is stored practically everywhere as well. There aren’t enough electrons in the Milky Way to record the bits and bytes of how big those recordings will be in 20 years if usage of the system expands to anywhere near the levels its priesthood prays for.

    Arithmetic is a heartless bitch.

    #178122
    John Day
    Participant

    @DBS: I wouldn’t anthropomorphize arithmetic truth quite that way, myself.
    ;-D

    #178123
    John Day
    Participant

    @Dr D Rich: They have “Castes” in India.
    We don’t understand castes here.
    That was a put-down of Americans as almost “untouchables”.
    It was a caste putdown.
    What caste are his family?
    Not “Brahmins”, I suspect…
    Lots of business-caste families send their kids to the US as an investment.

    #178124
    John Day
    Participant

    Dr D Rich wrote:
    “When Yasser Arafat met Carter in 1996, he offered to tell Carter all about how Reagan campaign operatives tried to rope the PLO into their October Surprise scheme to keep the US hostages stuck in Tehran. Carter waved his hands at Arafat to stop talking—he didn’t want to know.”

    Carter did not want to be informed of that on public record.
    Politically awkward…
    He knew what Bush did to get Reagan elected by negotiating a “better deal” for Iran if they would keep the hostages longer.

    #178125
    Dr D Rich
    Participant

    @John_Day

    “Politically awkward” for whom, The Gentleman Peanut Farmer in 1996?
    Please explain the nuance that escaped my understanding these past 28 years and how Arafat’s disclosure rebuffed by Carter relates to Mossad’s multiple attempted assassinations on Arafat as early as 1982, ie. post-Camp David Accords.
    Perhaps, you’re making the case Jimmy was still smarting 18 years later at the politically awkward smite delivered by the Nobel Committee.
    After all, the Peace Prize Cmte decided to laud Begin and Arafat, but not Carter.
    Carter’s rebuff of Arafat’s re-engagement looks more like petty spite or worse……

    Yeah, thanks for hinting the caste system and those bitchin’ British accents werent eliminated by Ghandi. Still doesn’t explain India’s piss poor public sewage systems. I guess public health and waste management remain elusive ideals for The Celebrated 1.5 Billion. China managed to figure it out and that’s gotta chap the ‘Brahmins’ fat asses.

    #178126
    Dr D Rich
    Participant

    @JD

    Some day we might talk about Hyman, Jimmy and his nephew ophthalmologist.

    Here’s a question for you.
    If the Navy decided to produce leaders of Navy Medicine and those leaders would come from a pipeline of USNA midshipmen to medical officer physicians while Navy Medicine, covertly, decided nurses would compete on equal footing with those same physicians, what path would you have chosen?
    The Nation still doesn’t offer USNA degrees in nursing, business or journalism. Perhaps, that’s an oversight or we’ve been beguiled by a system replete with psychopaths and Conmen.

    https://counter-currents.com/2024/12/the-counter-jeethad-on-x/

      The fact Indian recruiting firms fill companies with fellow Indians is not meritocracy in action. It is Hindu nepotism. Unsurprisingly, Sriram and Vivek are all for it.

      The claim that Indian H-1B visas are about bringing in “the best and the brightest” is entirely fraudulent. It is entirely about lowering wages by hiring substandard, cut-rate, corporate coolies. Yet countless prominent and credentialed people, including Elon Musk and Vivek Ramitupyoursnout, will look you straight in the eye, give you a firm handshake, and repeat that lie over and over again. To borrow a line from Matt Parrott, it is as infuriating a shit test as being asked to pretend that Bruce Jenner is now a woman.

    And there it is nepotism. Meritocracy be damned because it never was.

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