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People as a group are selfish and short sighted, prone to maximizing personal gain. Individuals can be self sacrificing and possess a long view, but there will
by GW150914 8y ago
People as a group are selfish and short sighted, prone to maximizing personal gain. Individuals can be self sacrificing and possess a long view, but there will be a thousand others willing to work the system to death in their place. More specifically, there are almost limitless rationales to be employed if you stand to gain from turning entropy into personal wealth. “This compute power was never going to be used to cure cancer anyway...” that kind of thing.
More pernicious are people who cloak themselves in ideology or Utopianism somthst they convince themselves that this waste of resources is a good thing. Some may even believe it, but most just don’t care and are too busy finding greater fools so they can make money.
- Applejinx 8y agoBitcoin is created through the use of exponentially increasing amounts of energy (I daresay there's a 'crash' scenario where it doesn't expand that way and also doesn't retain value as currently expected). Bitcoin is VALUED in a way similar to the stock market, where people collectively decide it's super good and useful because they're invested into the system. This process is exploitable, and is purely social engineering. If it gets too big to fail, we're all in bad trouble, but we were already in trouble from many other things that have financially become too big to fail.