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Indeed. It's like we've been accruing technical debt for centuries by taking the "easy way out" until our technology was developed enough, and now need to pay i
by gusmd 8y ago
Indeed. It's like we've been accruing technical debt for centuries by taking the "easy way out" until our technology was developed enough, and now need to pay it all back, with interest.
- Felz 8y agoBut does the interest rate of this debt exceed the economic gains we've made from fossil fuels? (Also, did you just use technical debt as a metaphor for regular old debt?)
- rsynnott 8y agoWell, that depends; like most loans, if you don’t pay it back in a timely fashion, bad things happen... and we don’t really have a bankruptcy procedure.
- unchocked 8y agoIt doesn’t really matter, because we’ve already done it and we won’t be doing it again.
- mikeash 8y agoSo far the interest rate has been delightfully low. But the rate is adjustable and the bank has been making noises about massively hiking it. Let’s hope we can pay off the loan before the payments exceed our means.
- gusmd 8y agoI think that will largely depend on how we define the ROI. > Also, did you just use technical debt as a metaphor for regular old debt? Hahahaha, good catch. I just might have.