Gold doesn't require the energy output of a small country to maintain it. It's not possible to plateau unless it can deliver value consistently above this maintenance cost, which I very much doubt it can do. Not when competing coins can do it cheaper.
The value of cryptocurrencies depends on the security. If you make it cheaper to maintain it, it will also be cheaper to attack it.
With the growth of solar and wind, there will be plenty of cheap surplus energy, so I'm not worried about the "waste".
Inflation adjusted price is still significantly lower than peak from around 40 years ago. I would say that's a pretty resounding yes.
That's only true for a rather narrow peak in the year 1980, right at the end of the bull run. Most current gold owners did not buy their gold right in that peak. Most of the gold was already owned before that, and people just rode the waves.
Bitcoin has no intrinsic value, but rather maintains its value by the utility it offers
So it has value. Nobody cares whether value is "intrinsic", however you want to define that.
This makes it very similar to any fiat currency
Except for the part where people outside of our control can decide to print more fiat currency, and lowering the value of our savings accounts.
At least investing in metals gives you something with intrinsic value.
While gold has industrial applications, we'd only need to mine 10% of the current amount to fulfill the needs of industry. Where's the intrinsic value of the other 90% ?
The run is nearly over and everyone and their dog are now jumping in
Most posts on this topic right here are negative (as they've been for years), and they get moderated as insightful. Doesn't seem like everybody is jumping in right now.
There have been several cases when flaw found in PRNG affects the security of resulting cryptographic key.
You can simply avoid this by using a PRNG based on a reputable and secure encryption algorithm. No need to do fancy stuff. Take a simple counter, counting 1, 2, 3, 4, 5... and feed that stream into an AES-256 block cipher.
Intelligence is "the ability to acquire and apply knowledge and skills" according to dictionary definition. That could be done with pattern recognition and great algorithms.
So the existing satellites go out of service in 2023, and the Air Force satellite will go up in 2022.
That's only 1 year of sensor overlap, which is really short if you want to make sure that the results are close enough that you can seamlessly extend the records.
Also, the 2023 date depends on the satellites not failing for unexpected reasons.
It's easier to show that you've done the job right if the data is the same. The best strategy is to launch a backup satellite before the old one dies, so you have a window of overlap, and can verify that all the data matches.
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Gold doesn't require the energy output of a small country to maintain it. It's not possible to plateau unless it can deliver value consistently above this maintenance cost, which I very much doubt it can do. Not when competing coins can do it cheaper.
The value of cryptocurrencies depends on the security. If you make it cheaper to maintain it, it will also be cheaper to attack it.
With the growth of solar and wind, there will be plenty of cheap surplus energy, so I'm not worried about the "waste".
Inflation adjusted price is still significantly lower than peak from around 40 years ago. I would say that's a pretty resounding yes.
That's only true for a rather narrow peak in the year 1980, right at the end of the bull run. Most current gold owners did not buy their gold right in that peak. Most of the gold was already owned before that, and people just rode the waves.
Bitcoin has no intrinsic value, but rather maintains its value by the utility it offers
So it has value. Nobody cares whether value is "intrinsic", however you want to define that.
This makes it very similar to any fiat currency
Except for the part where people outside of our control can decide to print more fiat currency, and lowering the value of our savings accounts.
At least investing in metals gives you something with intrinsic value.
While gold has industrial applications, we'd only need to mine 10% of the current amount to fulfill the needs of industry. Where's the intrinsic value of the other 90% ?
The run is nearly over and everyone and their dog are now jumping in
Most posts on this topic right here are negative (as they've been for years), and they get moderated as insightful. Doesn't seem like everybody is jumping in right now.
In my time, I've seen this happen with gold (1970s/1980s)
Would you say current gold owners are "holding the bag" ?
How does that compare to other encyclopedias ?
The former could be spoofed with a photo
No, because even a static photo will still have plenty of sensor noise. You could put the lens cap on, and it would work just as well.
Or: seed one cryptographically secure RNG with 1024 bits of random state, and pull out as many values as you'd like.
There have been several cases when flaw found in PRNG affects the security of resulting cryptographic key.
You can simply avoid this by using a PRNG based on a reputable and secure encryption algorithm. No need to do fancy stuff. Take a simple counter, counting 1, 2, 3, 4, 5... and feed that stream into an AES-256 block cipher.
"We've noticed your hash is kinda small. Would you be interested in some hash-enlargement pills ?"
What about the ones others took, without you being aware?
Oh. Another idiot. You don't have the hash of those.
If we did it would have rights just as we do
Cows have autonomous intelligence. We eat them on a bun with pickles and mustard.
Please explain exactly how you catch a ball.
If you don't want your nudes to end up on the internet, don't send them to other people.
Therefore humans are a threat and we really ought to kill each other for our own protection.
The problem is that most humans become a much bigger threat when they figure out you're trying to kill them.
...and it may not be possible at all.
I refer you to the counterexample in your skull.
Intelligence is "the ability to acquire and apply knowledge and skills" according to dictionary definition. That could be done with pattern recognition and great algorithms.
It failed to defeat the strongest human players in a difficult game. Not sure that equals "sucks".
Ok as long as people don't have to pay for it with personal injuries or financial loss.
They will have to pay. But it will be less than they're paying now.
Screwdrivers, compressed air, alcohol. Maybe also some torx or hex. And of course, the assorted bag of cheap O-ring drive belts.
What kind of nerd wouldn't be interested in learning how something works by taking it apart and fixing it?
Not every nerd is interested in all things.
So the existing satellites go out of service in 2023, and the Air Force satellite will go up in 2022.
That's only 1 year of sensor overlap, which is really short if you want to make sure that the results are close enough that you can seamlessly extend the records.
Also, the 2023 date depends on the satellites not failing for unexpected reasons.
Experience, proper tools, and suitable workspace. Makes all the difference.
Among other things, it's totally DRM-free;
If you don't mind using a low quality analog route, the DRM of other media can be circumvented as well.
Buffers mitigate this problem, but do not solve it outright
Well, today's RAM chips are big enough to buffer an entire CD, so you could argue it's solved.
It's easier to show that you've done the job right if the data is the same. The best strategy is to launch a backup satellite before the old one dies, so you have a window of overlap, and can verify that all the data matches.