Message from @Veritas Prognostician

Discord ID: 505132849616388106


2018-10-25 21:29:00 UTC  

no man, no problem

2018-10-25 21:29:07 UTC  

It doesn't lol.

2018-10-25 21:29:12 UTC  

It's a bandaid.

2018-10-25 21:29:38 UTC  

The government spends more on welfare than it gets in taxes, so it borrows more money from the federal reserve.

2018-10-25 21:29:59 UTC  

The problem is, is that means that the fed prints more money so that means that the dollar is worth less.

2018-10-25 21:30:20 UTC  

Yes, I'm aware how hyperinflation works lol

2018-10-25 21:30:53 UTC  

So, in order to try and curb that, they do a deal like with the Saudis where they artificially create demand for the dollar.

2018-10-25 21:31:01 UTC  

But it doesn't work.

2018-10-25 21:31:10 UTC  

The dollar just gets less and less valuable.

2018-10-25 21:33:44 UTC  

K, but my question was "how do we solve the problem with 170mil welfare dependents and 22mil illegal immigrants?"

2018-10-25 21:34:06 UTC  

Easy. We cut welfare spending.

2018-10-25 21:34:09 UTC  

Except

2018-10-25 21:34:13 UTC  

That's never going to happen.

2018-10-25 21:34:30 UTC  

So the best possible outcome in the future is....?

2018-10-25 21:34:40 UTC  

best scenario

2018-10-25 21:35:10 UTC  

The status quo gets maintained, and the we keep just going as is. The dollar just gets less and less valuable slowly as possible.

2018-10-25 21:35:43 UTC  

So a slow degradation into hyperinflation until economic collapse.

2018-10-25 21:35:51 UTC  

Basically.

2018-10-25 21:36:00 UTC  

k <:pepe_hang:460603218766987298>

2018-10-25 21:37:03 UTC  

The worst case scenario is that the Saudis basically tell us to fuck off, and do a deal with a country like China.

2018-10-25 21:37:36 UTC  

Which makes the inflation hyperaccelerate.

2018-10-25 21:38:01 UTC  

oof

2018-10-25 21:38:12 UTC  

That's what the Chinese are trying to do right now btw.

2018-10-25 21:38:36 UTC  

Did you hear that Trump's admin is talking to crypto currency peeps?

2018-10-25 21:38:54 UTC  

They're trying to beat China to the punch

2018-10-25 21:39:00 UTC  

Doesn't surprise me.

2018-10-25 21:39:53 UTC  

invasion of SA is off the table I guess

2018-10-25 21:40:14 UTC  

Crypto is theoretically like gold. There will come to a point where the computational requirements to mine more crypto will just become too high to actually profit off of.

2018-10-25 21:40:24 UTC  

Therefore the supply of crypto is limited.

2018-10-25 21:41:41 UTC  

Especially since we're reaching the limit of how small we can even make transistors any more, we're almost reaching that point.

2018-10-25 21:42:49 UTC  

Bitcoin and Ethereum are starting to stabilize in price, so it might not be a bad idea to think about investing in it.

2018-10-25 21:55:39 UTC  

Crypto for big brain. Not good for small brain like me.

2018-10-25 21:55:50 UTC  

I like the concept behind icon. Essentially they've monetized the concept of time and logistical resources

2018-10-25 22:01:57 UTC  

@Veritas Prognostician there is a way to radically improve computing power at current transistor size and complexity. downside is the people working on it are terrified it will attain sentience

2018-10-25 22:02:26 UTC  

thus are pushing the new method very slowly

2018-10-25 22:09:39 UTC  

Source? Sounds like BS lol

2018-10-25 22:10:12 UTC  

seen a 4 hour documentry on it in school method is in the way the transistors are connected

2018-10-25 22:13:09 UTC  

They are modeling it along the lines of a neural pathway or rather than the lineal assembly line.

2018-10-25 22:15:02 UTC  

here is a link to a simmalr method i think only skimmed the article https://www.wired.com/2014/08/ibm-unveils-a-brain-like-chip-with-4000-processor-cores/

2018-10-25 22:20:27 UTC  

concept is awesome but they are tossing the type of neuralnetwork ai into these to run them the kinds of algorithms we don't fully understand since we write algorithms to write algorithms now. which is why the people involved are going slow af cause they are seriously pushing dangerous boundaries

2018-10-25 22:21:18 UTC  

the concept is not new they had the idea since the 80s the problem is we couldn't make AI multitask well enough to run one.