487 karma · joined April 18, 2013
Hamburg: https://image.stern.de/34382826/t/ud/v2/w960/r1.7778/-/19-ha...
Both Hamburg and Munich protests needed to be canceled in the middle of the thing because the huge crowds were considered dangerous (I think rightly so).
Would be great if Postgres innovated in this area.
Renewables share for the whole last week in Germany was 77.4%.
https://energy-charts.info/charts/renewable_share/chart.htm?...
You can get a feel for how the production is composed over the day here https://energy-charts.info/charts/power/chart.htm?l=en&c=DE&...
Kind of subtle and hand-wavy, but I think it's dysfunctionality in terms of leadership and "emergent nature" may be features rather than bugs.
For example a crypto asset sanctioned by a government is based on that government's legitimacy. This kind of means that the government could decide to "turn it off". And with Bitcoin, it's not clear at all who could do this.
But yeah, that's very unsure, I guess.
Firstly, fiat money can often experience instability which is quite extreme. Moderate instability, mostly in form of inflation, is even normal in large parts of the developing world. And just because the Dollar has been reasonable stable for a hundred years or so, people assume that this is the natural state of affairs.
Secondly, is it a reasonable expectation, that a new store of value would be stable from the start? For example, platinum has become more common as a store of value in the last 30ish years, and its value has sprung up and fluctuated quite heavily (see here for example https://upload.wikimedia.org/wikipedia/commons/5/57/Pt_price...). A similar argument can be made regarding storehouses being less trustworthy than traditional banks. This sort of thing would be expected with a new type of value.
I think they are a pretty fundamental innovation in that space.
What are good alternatives? Gold, cash, or ETFs have substantial drawbacks - especially in situations where property rights are insecure and inflation runs wild (or just eats up savings at a somewhat moderate pace, as is the case in many developing countries).
Of course Bitcoin is also a human system, eventually, but what you are trusting is an emergent, non-hierarchical order which should be more resilient than hierarchical systems. The technology facilitates the emergence of such a system.
I actually think the flawlessness of the technology is not a necessary condition of Bitcoin's success. If bugs are found then consensus in the social system can emerge which can minimise damages
All of that being said I think the use case for blockchain is probably quite narrow.
[1] https://en.wikipedia.org/wiki/NuScale_Power [2] https://nuclear.gepower.com/build-a-plant/products/nuclear-p...
Promoting diversity using affirmative language only should be possible. And white guys's feelings are important, too.