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Comment Used car salesman (Score 1) 42

Yeah but radio ads are generic and not 2 way conversations. They are not an asking what you are saying and twisting it towards explaining why you need product X.

It will be as reliable as asking a used car salesman for advice. Somehow it's gonna be advice about how a car would for me

Comment Virtual batteries (Score 1) 76

the core challenge of renewable energy is it's inconstancy. Physical batteries are a bandaid and long distance grids are a council of despair. The real solution for reliable renewable energy is to just build out four or five times the peak load. Then when it's cloudy or not windy you still have way more power than you need to supply the peak load. But of course this has the problem that you just spent four of five times as much capital. And that's a non-starter. But the easy, though bad solution, to this is bitcoin batteries. Just mine bitcoin with the excess and shut off the mining when it's cloudy .

Now along some AI. What a match made in heaven. A completely portable task. Move the calculation to whatever data center currently has power whether it's Norway or Texas. You can soak up all that excess renwable power. Plus there's plenty of non-real time batch jobs you can run that can adapt. For example training.

Perfect.

Shame the US decided to lose the AI power race by nixing renewables

Comment Re:The irony (Score 1) 120

I really need to get some self discipline. As much as I try I keep checking Reddit. I loath myself. The only good thing to happen in the last few years was Elon buying twitter. That made getting unhooked on that time waste easy. But Reddit became my methadone.

I've resolved that I'm going to start hitting you tube for educational videos. Gonna learn Lie Group theory!

The problem is Trump. Everyday I have to see what fresh hell he's caused. Life was so placid when we had Biden or Obama or George Bush. Like them or loathe them it wasn't insanity.

Comment New Flash: Farrier Very Concerned About Automobile (Score 3, Insightful) 92

Wikipedia is an interesting concept and it works decently well as a place to go read a bunch of general information and find decent sources. But LLMs are feeding that information to people in a customized, granular format that meets their exact individual needs and desires. So yeah, probably not as interested in reading your giant wall of text when they want 6 specific lines out of it.

Remember when Encyclopædia Britannica was crying about you stealing their customers, Wikipedia? Yeah, this is what they experienced.

Comment Modern monetary theory (Score 1) 270

Let's consider history and debt. The economies of the world have passed through several stages. Prior to the gold standard things could only scale so far before it failed. The gold standard reintroduced stability and fostered even more international trade. The principle of the gold standard was to maintain the peg of a currency to gold. This worked really well up till world war one. Its weaknesses had started to become carat before that where the need for currency expansion could not be satisfied till the next unpredictable gold rush discovery. As a result under capitalized banks became at risk and eventually their were crises that led into world war 1 and utterly failed after it leading to the great depression

We got out of the Great Depression largely in part ti temporary suspension of the gold standard.
A new way of pegging currency emerged with the Brettin woods agreement. All countries would peg to the us dollars and use treasuries as the medium of international money transfer not gold. The us would remain on the gold standard because it could afford to buy gold with all those treasury purchases.

But eventually this too saturated and limited growth. Under Nixon the us left the good standard.

The goal of the fed central bank was not to maintain the dollar per se since the dollar stood alone as the international benchmark. But instead the goal of the Fed was to curb inflation and curb unemployment. The weakness is the Fed only can use monetary policy not fiscal policy. As a result those two goals are in conflict since they cannot be decoupled with a single point of control ( monetary policy without fiscal policy)

But somehow we've done a great job using that system.

But now the international system has again scaled to a new problem which is deficit spending is reaching a point where debt service is a burden.

The next evolution of this is well known. It was beta tested in The depression when the us both went off the gold standard briefly but also excersized both monetary policy abs fiscal policy in concert.

The approach is called modern monetary theory. It has its critics but critics fixate on sound bite summaries of mmt and really fail to grasp that actually it not only can work but has worked in all the instances it has been tried ( us, Italy, Venezuela all recovered from crises under mmt approaches)

The fact that Europe is having problems is in fact due to the euro not allowing fiscal policy since states can't control their own money supply any longer.

The Fed not true problem with mmt is tgat one cannot actually trust politicians to conduct proper discipline in fiscal policy. That has to be solved before it can be implemented. What allowed its implementation in the past was the automatic and not political and transient spending needed to meet crises like the Great Depression. But to do it outside of unemployment periods is dangerous unless it can be done by an apolitical entity -- something similar to the Fed but with different powers and madates.

In any case the bottom line is this, under mmt a debt equal to your gdp is not a bad thing! No need to panic.

Comment Modern monetary theory. (Score 1) 270

The economies of the world have passed through several stages. Prior to the gold standard things could only scale so far before it failed. The gold standard reintroduced stability and fostered even more international trade. The principle of the gold standard was to maintain the peg of a currency to gold. This worked really well up till world war one. Its weaknesses had started to become carat before that where the need for currency expansion could not be satisfied till the next unpredictable gold rush discovery. As a result under capitalized banks became at risk and eventually their were crises that led into world war 1 and utterly failed after it leading to the great depression

We got out of the Great Depression largely in part ti temporary suspension of the gold standard.
A new way of pegging currency emerged with the Brettin woods agreement. All countries would peg to the us dollars and use treasuries as the medium of international money transfer not gold. The us would remain on the gold standard because it could afford to buy gold with all those treasury purchases.

But eventually this too saturated and limited growth. Under Nixon the us left the good standard.

The goal of the fed central bank was not to maintain the dollar per se since the dollar stood alone as the international benchmark. But instead the goal of the Fed was to curb inflation and curb unemployment. The weakness is the Fed only can use monetary policy not fiscal policy. As a result those two goals are in conflict since they cannot be decoupled with a single point of control ( monetary policy without fiscal policy)

But somehow we've done a great job using that system.

But now the international system has again scaled to a new problem which is deficit spending is reaching a point where debt service is a burden.

The next evolution of this is well known. It was beta tested in The depression when the us both went off the gold standard briefly but also excersized both monetary policy abs fiscal policy in concert.

The approach is called modern monetary theory. It has its critics but critics fixate on sound bite summaries of mmt and really fail to grasp that actually it not only can work but has worked in all the instances it has been tried ( us, Italy, Venezuela all recovered from crises under mmt approaches)

The fact that Europe is having problems is in fact due to the euro not allowing fiscal policy since states can't control their own money supply any longer.

The Fed not true problem with mmt is tgat one cannot actually trust politicians to conduct proper discipline in fiscal policy. That has to be solved before it can be implemented. What allowed its implementation in the past was the automatic and not political and transient spending needed to meet crises like the Great Depression. But to do it outside of unemployment periods is dangerous unless it can be done by an apolitical entity -- something similar to the Fed but with different powers and madates.

In any case the bottom line is this, under mmt a debt equal to your gdp is not a bad thing! No need to panic.

Comment Re:Guess what's coming next? (Score 1) 85

PointCast... memory unlocked. There's a name I haven't heard in like 30 years.

I agree with you that everything old is new again, often something that wasn't as successful as it could have been and companies are trying to make the idea work. VR has been in that category for almost 4 decades, and it still is.

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