Haven't seen this train of thought discussed. Takes some interesting comments from Karpathy and others to argue that transformers can distill down things well beyond just text and images
This opens the door to many use cases for secure, privacy focused, and scaled asset transfers leveraging taproot, lightning network, and the existing bitcoin protocol. Very exciting news
Yeah no doubt about this. But its also important to remember we've been doing this non stop since 2008 minus a few months in 2018. So this is a multi president, both parties are involved in continuing this train.
People have been conditioned to believe it's either one or the other party's fault. And they decide whether things are going well or not so well based on whether their favorite president is in power. Nobody looks at the actual data.
I highly doubt the chip shortage a la increased chip demand from a company perspective has to do with gaming/mining GPU demand.
Much of the supply demand can be traced to increased car chip demand (Toyota cutting production by 40%) as well as general device chip demand across many sectors.
Mining bitcoin is exactly what the author mentions a heat sink not a battery.
But mining bitcoin and capturing excess heat produces a provably scarce and globally accessible digital asset.
You are not transferring energy across time or space. Instead you are directly converting cheaply available energy (usually hydro) into monetary value that can be easily transferred through time and space.
Bitcoin is not a battery it is not a valid analogy. It’s more a store of value of the energy produced. It’s a monetary incentive to capture the cheapest (now mostly hydro, solar, wind potentially nuclear) wherever you can cheaply or safely find/capture it at the source (since energy transport is inefficient over long distances)
Bitcoin energy consumption is a brittle argument, our entire monetary system is backed by much more expensive energy usage. Energy usage for security is a trait of sound money.
