J_

7 ms·

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Satoshi Is Actually Building an Ethereum Company (and Other Developments)(medium.com)
8 points by J_ 10y ago|1 comments
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by J_ 12y ago
Thiel's view of the future is pretty aligned with the Singularity people. As for the future of nanorobotics, I recommend you watch this interview with Robert Freitas, an expert in nanotechnology and nanomedicine [1]. The implications
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by J_ 12y ago
Not all predictions are created equal. Those past predictions tell us that we weren't very good at predicting the coming of strong AI in the past, but it doesn't necessarily mean that current predictions are unreliable.
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by J_ 12y ago
Like you said, strong AI would change everything. The richest will be the first to utilize them. Things get scary from that point on. Unless we massively redistribute wealth, then inequality will arrive at unimaginable levels. It's har
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by J_ 12y ago
> No you weren't. You created a straw man and then set it on fire. I just quoted your exact words and you said exactly what I summarized. You're being a bit ridiculous. It's actually a pretty simple explanation. The market
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by J_ 12y ago
I was paraphrasing. I'll quote you directly: "How many more decades of zero inflation / deflation are needed" That's pretty much what you said. So what if predictions 20 years ago have turned out to be incorrect? Th
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by J_ 12y ago
Hehe. I love Kyle. He's really good at explaining himself. I think you would have been right a couple years ago. Japan is projected to spend $257 billion on debt service this year. They bring in about $500 billion in revenues.
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by J_ 12y ago
I think you're pretty much correct. Kyle Bass has been talking about this for years. When the Japanese hit 2% inflation, people are going to be rushing out of JGBs if the government maintains ZIRP. This is a complex issue, so I'm
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by J_ 12y ago
One could argue that you're the one that's brainwashed. >Japan's currency will never inflate because it's always been that way I think you're going to change your tone very quickly over the next year or so. Japan
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by J_ 12y ago
Does anyone roughly know what Twitch's revenue/profitability is? I know that they're pretty profitable, but I'm not sure to what extent. 1 billion USD seems somewhat low considering Snapchat was valued at 3.5 billion, an
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by J_ 13y ago
The likelihood of total war between any of the great powers is nil because of nuclear deterrent. So why are we wasting trillions of dollars on conventional weapons against enemies that we will never fight? Oh because they'll be sold to
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by J_ 13y ago
It's not if you're Japanese and it causes a bond crisis. Their debt equals over 20 times their government's revenues. Even 2% inflation will cause yields to move and debt service to exceed government revenues. They will be forced to default
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by J_ 13y ago
I shouldn't even say if because it's happening now. The yen's fallen more than 20% in the past 6 months. Their government is printing 7 TRILLION yen every month for two years to force inflation. That's almost as much as the Fed is doing in
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by J_ 13y ago
A lot of hedge funds (e.g. Kyle Bass and George Soros) think that we've reached a tipping point in Japan. Their government already spends 1/4 of all revenue on debt service because their debt is monstrously huge. If inflation happens, thei
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by J_ 13y ago
It's still a shitty thing to say. Why do you think he's set to accomplish nothing but get PR for Google? Because he's old? The guy isn't an idiot, and has managed technical teams his entire life.
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by J_ 13y ago
Haters gonna hate. Larry Page obviously didn't hire him and let him take up Google's resources for his "rigorous hand-waving". How does this one-liner contribute to the conversation at all? Your negativity is unenlightening and obnoxious.
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by J_ 14y ago
He's not building a human though. He's building food. Modern rocketry has been around for about a century, and food has been with us since the beginning. I don't see why it would be that complex. Like pg said, the top comment for every new