And fail. Have a look into the research literature at some time. If what you claim were true, we would have high-quality automated translation decades ago. Not cheap, but it would have been done and it would have had tons of applications in military and intelligence use were the money would have been available.
While that not reliably known at this time, it very much looks like it. In particular, for basically everything that you can do with technology, things start to make more sense the more you know when you get remotely in the area where you can think about actually doing it. Details get more complex, but the general working of a thing is understood at that time. With consciousness and intelligence, it is currently the other way round. We have absolutely no clue how they are generated, whether they are generated and what their nature is. We can only describe their effect to a limited degree. And we can only observe them together, making things even more obscure.
That means either they cannot be created with technology, or we are very very far from being able to do so.
And fail. (Well, what do you expect from a cretin that calls people "snowflake" without any good reason...)
Even a smarter pet (a dog, for example) has some understanding and model of the real world and can map language to that model and can make (limited) predictions because it feels like it. An artificial neural net has nothing like that. It just has statistical classification and that is not enough for a world-model of even the most simple type, regardless of how "deep" you make it.
That is actually unknown. Physicalism is a belief, not science. Actual science find the questions of intelligence and consciousness are currently getting more mysterious, not less so, as more data and facts become known.
Bitcoin is not suitable for anonymous large-value anything. Basically, as soon as you buy more than a few things from more than a small number of vendors, you are not anonymous anymore. Just takes an attacker with enough resources (not that much) and an interest in identifying you.
Bitcoin will not. Its only use was as a currency, and that requires reasonable stability. Other blockchains may survive, but I have yet see a _credible_ use of of the technology that has not already been covered by hash-chains like git and revision-proof storage which you can buy as just "a box". The only actually new idea in this whole hype was the currency-angle.
In order to go "bilingual", it would have to be able to understand one language first. However understanding natural language is so far beyond the demented automation ("weak AI") available today, it is not even funny anymore. May as well claim a squirrel is a "gourmet chef", because it can bury nuts, i.e. "process food". Whether actual intelligence is going to be available on machines, ever, is at this time completely unknown, because nobody knows what it is. It is pretty clear though that the only natural computing hardware known (the human brain) is not powerful enough to create the intelligence observable at the interface of the smartest instances, at least if any known computing paradigm is assumed to be how it works. So either a completely computing paradigm is needed (and no, "neural" nets will not cut it and they are really old), or the problem is even more complicated.
The real problem here is that most people are not smart enough to recognize a moron if the moron is dressed up prettily and spews pseudo-profound bullshit. Just look at who people vote for.
They misjudged the size of the pool of fools. The sharp rise of the last few months is a sure sign the crash is near. At the moment, those that have invested are frantically trying to get more to invest, because a $10'000 coin is worth nothing if nobody buys it. But the remaining pool of fools is dwindling fast.
At this time, Bitcoin is completely worthless as a currency as that needs stability. You are not only a liar, you are a scammer trying to do a pump&dump.
The mining-pool will just be as screwed as anybody else. The only ones that will win is those that get out early enough to actually have somebody buy their worthless merchandise. That point may already be in the past. There are indications that actually selling larger amounts of Bitcoin is already difficult.
There are no market forces behind Bitcoin as it has no value. The only value it ever had was as currency. With its lack of stability that is gone. There are just a bunch of fools that hope to sell to greater fools before the crash comes.
I'm starting to think "expert" is someone who is physically unable to utter the words "I don't know".
An actual expert has no problems with that at all. But these are "analysts", not experts. The difference is that an expert has some deep understanding and real knowledge of a thing. An "analyst" is a special form of short-term "futurist", i.e. somebody that was on occasion right by accident and is now revered as somebody that can predict the future by a group of morons of variable size.
Actually, Gold is pretty useful and will nowhere drop as low as 10% of its current value. The thing is that if the price of Gold drops, it will be used in more places. Gold is pretty good for a number of engineering tasks.
Incidentally, unlike Gold, Bitcoin is now actually worthless. With these severe changes in value, it has no worth as an actual currency, and that was its only worth. When it crashes, it will crash down to zero. The only worth of Bitcoin is that you may still find a greater fool than yourself who is willing to buy it, in turn hoping for an even greater fool.
Oh, it will crash. Bitcoin is not actually worth anything in real-world terms and the current instability wipes out its usefulness as a currency. The only question is how much more fools can be found and when that supply dries up, the crash comes. The "Greater fool theory" applies nicely, and I expect a few reasonable master's theses will be written about it. (This whole thing is to obvious and predictable for a PhD of reasonable quality.)
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Indeed. I, unlike you, am an actual scientist.
The distance between what you think how things work and actual reality is to great. I did indeed fail, but the root cause is on your side.
And fail. Have a look into the research literature at some time. If what you claim were true, we would have high-quality automated translation decades ago. Not cheap, but it would have been done and it would have had tons of applications in military and intelligence use were the money would have been available.
While that not reliably known at this time, it very much looks like it. In particular, for basically everything that you can do with technology, things start to make more sense the more you know when you get remotely in the area where you can think about actually doing it. Details get more complex, but the general working of a thing is understood at that time. With consciousness and intelligence, it is currently the other way round. We have absolutely no clue how they are generated, whether they are generated and what their nature is. We can only describe their effect to a limited degree. And we can only observe them together, making things even more obscure.
That means either they cannot be created with technology, or we are very very far from being able to do so.
And fail. (Well, what do you expect from a cretin that calls people "snowflake" without any good reason...)
Even a smarter pet (a dog, for example) has some understanding and model of the real world and can map language to that model and can make (limited) predictions because it feels like it. An artificial neural net has nothing like that. It just has statistical classification and that is not enough for a world-model of even the most simple type, regardless of how "deep" you make it.
That is actually unknown. Physicalism is a belief, not science. Actual science find the questions of intelligence and consciousness are currently getting more mysterious, not less so, as more data and facts become known.
It can map between words and sentences. It cannot map between languages. It has no grasp of semantics.
Real men just change the program code, of course it will work as intended!
Congratulations, you just failed Economics 101.
Indeed.
It is a pretty impressive pyramid-scheme, I have to admit that. It is nothing else though, and certainly not a "currency". At least not anymore.
Quite possibly, yes. So this never worked for larger-volume speculation.
Bitcoin is not suitable for anonymous large-value anything. Basically, as soon as you buy more than a few things from more than a small number of vendors, you are not anonymous anymore. Just takes an attacker with enough resources (not that much) and an interest in identifying you.
Top be fair, when transactions start to take years it will technically be "around", but useless.
Bitcoin will not. Its only use was as a currency, and that requires reasonable stability. Other blockchains may survive, but I have yet see a _credible_ use of of the technology that has not already been covered by hash-chains like git and revision-proof storage which you can buy as just "a box". The only actually new idea in this whole hype was the currency-angle.
In order to go "bilingual", it would have to be able to understand one language first. However understanding natural language is so far beyond the demented automation ("weak AI") available today, it is not even funny anymore. May as well claim a squirrel is a "gourmet chef", because it can bury nuts, i.e. "process food". Whether actual intelligence is going to be available on machines, ever, is at this time completely unknown, because nobody knows what it is. It is pretty clear though that the only natural computing hardware known (the human brain) is not powerful enough to create the intelligence observable at the interface of the smartest instances, at least if any known computing paradigm is assumed to be how it works. So either a completely computing paradigm is needed (and no, "neural" nets will not cut it and they are really old), or the problem is even more complicated.
The real problem here is that most people are not smart enough to recognize a moron if the moron is dressed up prettily and spews pseudo-profound bullshit. Just look at who people vote for.
Actually, Gold is pretty useful and will nowhere drop as low as 10% of its current value
Steel is more useful than gold, and is less than 10% of gold's value.
You are severely mistaken.
Gold is pretty good for a number of engineering tasks.
Most of these require gold in minute quantities. Gold is heavy and soft, which makes it a poor choice for many engineering tasks.
There are other uses for metals than making hammers from them. But you just demonstrated your level of "insight" pretty clearly.
They misjudged the size of the pool of fools. The sharp rise of the last few months is a sure sign the crash is near. At the moment, those that have invested are frantically trying to get more to invest, because a $10'000 coin is worth nothing if nobody buys it. But the remaining pool of fools is dwindling fast.
At this time, Bitcoin is completely worthless as a currency as that needs stability. You are not only a liar, you are a scammer trying to do a pump&dump.
The mining-pool will just be as screwed as anybody else. The only ones that will win is those that get out early enough to actually have somebody buy their worthless merchandise. That point may already be in the past. There are indications that actually selling larger amounts of Bitcoin is already difficult.
There are no market forces behind Bitcoin as it has no value. The only value it ever had was as currency. With its lack of stability that is gone. There are just a bunch of fools that hope to sell to greater fools before the crash comes.
Yes. And all the deniers have a transparent motivation: They have Bitcoin and are lying through their teeth in the hopes of driving it even higher.
I'm starting to think "expert" is someone who is physically unable to utter the words "I don't know".
An actual expert has no problems with that at all. But these are "analysts", not experts. The difference is that an expert has some deep understanding and real knowledge of a thing. An "analyst" is a special form of short-term "futurist", i.e. somebody that was on occasion right by accident and is now revered as somebody that can predict the future by a group of morons of variable size.
Actually, Gold is pretty useful and will nowhere drop as low as 10% of its current value. The thing is that if the price of Gold drops, it will be used in more places. Gold is pretty good for a number of engineering tasks.
Incidentally, unlike Gold, Bitcoin is now actually worthless. With these severe changes in value, it has no worth as an actual currency, and that was its only worth. When it crashes, it will crash down to zero. The only worth of Bitcoin is that you may still find a greater fool than yourself who is willing to buy it, in turn hoping for an even greater fool.
Oh, it will crash. Bitcoin is not actually worth anything in real-world terms and the current instability wipes out its usefulness as a currency. The only question is how much more fools can be found and when that supply dries up, the crash comes. The "Greater fool theory" applies nicely, and I expect a few reasonable master's theses will be written about it. (This whole thing is to obvious and predictable for a PhD of reasonable quality.)