asketak

"Money laundering and buying drugs" "No intrinsic value" "Energy waste" These arguments have been in the wild for over 10 years and discussed by both sides in much detail. The article brings just personal opinion of author and probably the most dumb down version of these arguments I have seen. Not sure if satire or not.

The question about how much costs a single bitcoin transaction is deeply flawed. The amount of transactions a bitcoin network can process does not directly depend on amount of electricity spent. Bitcoin network can work the same way using 10% of its current electricity consumption. Also, lightning network will allow for thousand times more transactions with same energy cost.

Why is everyone obsessed with bitcoin electricity consumption? I wonder how much energy is required by the banking system to operate(imagine those thousands of people burning gas in cars to get to their daily work at bank). Humanity spends vast amount of energy on much more useless stuff with just entertainment value(World football cup, all those fans coming from different parts of world in the jets, logistics...)

Also, energy is a resource like any other and it's generation and price is subject to supply/demand. The fact, that is is used on mining bitcoins just indicate, that people value bitcoin technology more than something else they would spend the electricity on.

Guys you are right. Not sure, where i got that information. Sorry.

Most of the AI progress in last years is just tuning pattern recognition algorithms. We can not expect these algorithms to produce results like humans, because humans have a lot of information not just from percieving the world, but their patterns of thinking are also vastly dependend on the underlying structure of brain, that has developed over milions of years of evolution.

If there is a cliff, toddlers are scared of being nearby. They definetely don't have the ability to "imagine=simulate" the consequences of falling over the cliff. The fear is in the structure of neurons of brain.

If you feed classifier algorithm with images of black dogs and white swans and then want to classify black swan. Both classifying it as dog(because of color) or swan(because of shape) are right. The difference is only in bias, which features do you prefer.

Thanks for contructive answer. Got it. I was just curious. I am lurking here for long time and it seems to me, that the ratio of technical posts is really declining over last few months so I was wondering about the guidelines.

Does this content really belong to hackernews?