3 ms·

A game theoretically designed paperclip maximizer is growing so large that we're starting to see collateral damage in the broad economy; car prices and availabi

by svara 5y ago

A game theoretically designed paperclip maximizer is growing so large that we're starting to see collateral damage in the broad economy; car prices and availability issues, just to name one example.

Wiseacre 5y ago
The mineral industry has been experiencing this for centuries.
rasz 5y ago
Forget car prices, look at overall energy prices this winter.
- dave333 5y ago
  The cost of power is about to drop significantly. A leased 250 KW Suncell generator could mine a lot of crypto. https://www.facebook.com/profile.php?id=100011186387437 https://www.facebook.com/profile.php?id=100011186387437
  - NotVerstappen 5y ago
    Well thanks, that's a good couple of minutes of hilarity. You should really use an /s though; I was hoping for a breakthrough in solar concentrators or something similar.
- svara 5y ago
  I don't see the direct link between energy prices and PoW mining. At least not beyond the theoretical supply and demand argument, and PoW mining energy demand is still relatively small. Care to elaborate?
Reichhardt 5y ago
Its dead easy to fix it though: for politicians to ban the purchase of Proof of Work cryptocurrencies. All of the major exchanges are centralized now anyway. Tank the price (via basic supply-demand microeconomics) and you solve electricity and chip supply issues. The fact that this easy step hasn't been done suggests a broader conspiracy to destabilize Western nations and sow chaos, perhaps to usher in a transfer of global power from West to East. Note that China has banned the mining and trade of these cryptocurrencies long ago.
- goldenbikeshed 5y ago
  Or maybe our western liberal democratic capitalist societies have long degenerated to a point of complete and utter directionlessnes. Your conspiracy would have the west fucking themselves over. How about this: a plutocratic elite has accumulated enough capital to be no longer accountable to anyone as almost each and every actor with power in society has been bought out - they don't care about you being able to afford a GPU for your world changing machine learning project for a fair price. They care about themselves and themselves only, and doing so are molding the rest of society into the same myopic egotistical form. The recent pandemic and the sheer amount of people not willing or able to comply with simplest (masking, vaccinating, etc.) mitigation measures due to what boils down to a kind of malicious dumbness or idiocy driven by mass and social media reminds me of the kind of spirit that allowed the nazi party to come to power in Germany. This doesn't bode well for ongoing crises like the destruction of the ecological support system of our species' home planet driven by greed and an endless appetite for convenience.

by svara 5y ago

A game theoretically designed paperclip maximizer is growing so large that we're starting to see collateral damage in the broad economy; car prices and availability issues, just to name one example.

Wiseacre 5y ago

The mineral industry has been experiencing this for centuries.

rasz 5y ago

Forget car prices, look at overall energy prices this winter.

dave333 5y ago
The cost of power is about to drop significantly. A leased 250 KW Suncell generator could mine a lot of crypto. https://www.facebook.com/profile.php?id=100011186387437 https://www.facebook.com/profile.php?id=100011186387437
- NotVerstappen 5y ago
  Well thanks, that's a good couple of minutes of hilarity. You should really use an /s though; I was hoping for a breakthrough in solar concentrators or something similar.
svara 5y ago
I don't see the direct link between energy prices and PoW mining. At least not beyond the theoretical supply and demand argument, and PoW mining energy demand is still relatively small. Care to elaborate?

Reichhardt 5y ago

Its dead easy to fix it though: for politicians to ban the purchase of Proof of Work cryptocurrencies. All of the major exchanges are centralized now anyway. Tank the price (via basic supply-demand microeconomics) and you solve electricity and chip supply issues. The fact that this easy step hasn't been done suggests a broader conspiracy to destabilize Western nations and sow chaos, perhaps to usher in a transfer of global power from West to East. Note that China has banned the mining and trade of these cryptocurrencies long ago.

goldenbikeshed 5y ago
Or maybe our western liberal democratic capitalist societies have long degenerated to a point of complete and utter directionlessnes. Your conspiracy would have the west fucking themselves over. How about this: a plutocratic elite has accumulated enough capital to be no longer accountable to anyone as almost each and every actor with power in society has been bought out - they don't care about you being able to afford a GPU for your world changing machine learning project for a fair price. They care about themselves and themselves only, and doing so are molding the rest of society into the same myopic egotistical form. The recent pandemic and the sheer amount of people not willing or able to comply with simplest (masking, vaccinating, etc.) mitigation measures due to what boils down to a kind of malicious dumbness or idiocy driven by mass and social media reminds me of the kind of spirit that allowed the nazi party to come to power in Germany. This doesn't bode well for ongoing crises like the destruction of the ecological support system of our species' home planet driven by greed and an endless appetite for convenience.