It's like saying Leonard da Vinci was a redditor. it's obviously, self-evidently wrong because reddit didn't exist in any regard in the 1500s.
So here's an idea: imagine if there's something way more dangerous than AI waiting in the depths of the power of GPU computation, and Bitcoin and AI are just sideshows being used to make sure nobody is bothering to pay attention to those things?
That's an interesting train of thought. I'll have to look more into it.
It does feel intuitive, because a coin made of silver is going to be a reasonable size for a reasonable amount of value, but your gold coin is going to be tiny unless it's either debased or for a massive amount of value.
It does feel intuitive, because a coin made of silver is going to be a reasonable size for a reasonable amount of value, but your gold coin is going to be tiny unless it's either debased or for a massive amount of value.
Honestly, pennies were supposed to be part of a dollar, which is a certain amount of gold.
As it stands, because of the destruction of sound money, the dollar has lost 99% of its value. What was considered a penny in 1800 would be considered a dollar today (or less). A 1800 dollar worth of gold today costs about 140 dollars.
The copper in a penny used to be worth far less than the value of a penny, but today they can't make a penny out of copper for a penny. They moved to Zinc, but it turns out they can't even make a penny out of Zinc for a penny.
The right answer is to not devalue the currency by 99%, but I'd be ok with eliminating most change to the level of a quarter at this point. I'm not going to bend over to pick up a penny ever, a nickel basically ever, and even a dime most of the time. It's only a quarter where the amount of money is even worth the effort to bend over and pick up.
It's like, the penny represents a smaller and smaller amount of value, it stops making sense to track such a small amount of value. Again, the solution is to stop having so much inflation. If they're not going to do that, it does make sense to eventually abandon coinage that becomes trivially valuable.
As it stands, because of the destruction of sound money, the dollar has lost 99% of its value. What was considered a penny in 1800 would be considered a dollar today (or less). A 1800 dollar worth of gold today costs about 140 dollars.
The copper in a penny used to be worth far less than the value of a penny, but today they can't make a penny out of copper for a penny. They moved to Zinc, but it turns out they can't even make a penny out of Zinc for a penny.
The right answer is to not devalue the currency by 99%, but I'd be ok with eliminating most change to the level of a quarter at this point. I'm not going to bend over to pick up a penny ever, a nickel basically ever, and even a dime most of the time. It's only a quarter where the amount of money is even worth the effort to bend over and pick up.
It's like, the penny represents a smaller and smaller amount of value, it stops making sense to track such a small amount of value. Again, the solution is to stop having so much inflation. If they're not going to do that, it does make sense to eventually abandon coinage that becomes trivially valuable.
Some people are pointing out that the dei executives in the federal government aren't being fired but are instead being given different roles. Now absolutely that could mean someone in the federal government is being sneaky and they are going to continue on their work with the dei, but it is also entirely possible that they put competent managers into at least some of those positions and with that particular mandate completed the organization doesn't want to lose a competent manager.
I know some people who has been perfectly decent people in some very stupid positions over the years. They are able to get things done, but the thing they are trying to get done is stupid. In that case, it's a net positive not losing that management, you can put them towards something productive like making sure they actually get their purpose as an organization done.
Of course, I don't want to disregard the idea that some of these institutions just are hanging on to dead wood. We've seen some dei managers and they won't be contributing positively to any organization they are a part of. Some of those people who have retained employment even though the reason that they were hired has disappeared probably should find themselves laid off as their position is mad redundant.
I know some people who has been perfectly decent people in some very stupid positions over the years. They are able to get things done, but the thing they are trying to get done is stupid. In that case, it's a net positive not losing that management, you can put them towards something productive like making sure they actually get their purpose as an organization done.
Of course, I don't want to disregard the idea that some of these institutions just are hanging on to dead wood. We've seen some dei managers and they won't be contributing positively to any organization they are a part of. Some of those people who have retained employment even though the reason that they were hired has disappeared probably should find themselves laid off as their position is mad redundant.
Political climate change. The more the political climate moves away from meritocracy, the more fires we will have to deal with.
If you're not teaching your kids about how to survive and thrive under a multipolar civilizational collapse, can you even call yourself a parent?