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This is going to end up like that pit on Oak Island that people think has pirate gold at the bottom. 150 years from now, National Geographic is going to be mak
by snowwrestler 2y ago
This is going to end up like that pit on Oak Island that people think has pirate gold at the bottom.
150 years from now, National Geographic is going to be making TV shows about adventurers in hazmat suits digging in the landfill for the lost private key.
- echelon 2y ago150 years from now, bitcoin will most likely have zero value. There's far too much happening in the world to assume the shape of it will hold up that long, even if you're the biggest bitcoin bull. AI/AGI/ASI, quantum and post-quantum computing, WWIII and nuclear war, the space race, etc. And that's just scratching the surface of what might happen.
- Gigachad 2y agoI wouldn’t even bet on money as we know it today even existing that far ahead.
- Breza 2y agoI imagine life will be very different, but I doubt money won't exist. Just like how different the world is today compared to 150 years ago.
- Breza 2y agoOr an underappreciated risk to Bitcoin: people getting bored with it. That could happen much sooner than 150 years. I agree that it'll likely be worthless in 150 years. We just don't need any massive upheaval for that to happen.
- andirk 2y agoEverything ends eventually. Many fiat currencies based on "faith" have lasted more than 150 years though.
- unyttigfjelltol 2y agoI know brute force guessing a Bitcoin key is like an astronomical lottery ticket, but the odds can't be much worse than extracting a working hard drive from 15,000 tons of decade-old trash.
- Townley 2y agoA single person sifting through 15,000,000 pounds of trash at a rate of one pound per minute would take 28 restless years But finding one of 2^256 private keys would take millions of years. This math felt correctly conservative https://bitcoin.stackexchange.com/questions/2847/how-long-would-it-take-a-large-computer-to-crack-a-private-key https://bitcoin.stackexchange.com/questions/2847/how-long-wo... There’s a chance that if Moore’s Law holds, a computer might catch up after decades of continued exponential growth. But my money’s still on the trash spelunker in that race
- unyttigfjelltol 2y agoFinding the drive is only part of the required luck.
- danpalmer 2y agoThat pit is amazingly self-selecting. Like, it's literally a pit, how hard can it be to just dig it up. Supposedly water rushes in from an underground tunnel, but we build bridge supports in actual rivers all the time. Those who have sufficient resources and expertise to find it know that there's obviously not going to be anything there, which means the only people who try digging for it are those incapable of actually finding it, perpetuating the myth.
- zharknado 2y agoI’ve always figured we’ll have robots mining our trash piles in the future for metals and other recyclables. Possibly bespoke, cobbled together, and manually piloted. Sounds dystopian and probably is, but also I feel like I would kinda enjoy remotely excavating trash as an occasional hobby. You know, hop on the Discord with the gang, make a battle plan, you take the copper wiring, I’ll shore up the tunnel.
- Breza 2y agoI've long wondered what technological advancements would be necessary to make it profitable to mine landfills. There's so much raw material buried in one place.
- etskinner 2y agoIt's already profitable, or at least net-zero, it's just not politically correct. Here in Minneapolis (more generally: Hennepin county) we industrially incinerate our trash. The site lists many benefits: https://www.hennepin.us/your-government/facilities/hennepin-energy-recovery-center https://www.hennepin.us/your-government/facilities/hennepin-...