Bitpint

I am offering pre-brewed bitpint to a select group of craft patron/investors. To brew a new bitpint requires a confirmation we call a tasting.

What do you call the satoshi's? hops?

No. Sips are 1/100ths of a bitpint and we expect a healthy number of sips will be required to send each bitpint.

And if the pubs went on strike the banks would be watering down booze

becuase its a moronic system. empty houses and people sleeping on the street is a catagoric fail.

Governments love taxing them without having to deliver services they are the perfect customers and they can't ever cancel.

yes, and these are the properties that should be taxed most as they bring no economic value to the neighbourhood

Continuity, people love to put their money into something that is a safe store of value over the long term, it's the same reason investors have been attracted to bitcoin.

Especially in the poshest places

Housing construction creates jobs for skilled and unskilled folks, gives banks a hard on and creates a larger tax base for towns, thats why its subsidized with tax incentives and cheap loans.

Basically it's the inflation that arises from printing money. If you've been shopping lately you'll get the idea :)

Bitcoins with a lot of inputs are equivalent to small change that's worth less.

monero is :)

But why is the US Federal Gov the plaintiff? They fought against slavery with everything they had, 100 years later they peacefully fought the South against segregation. I think something is owed but the feds are the good guys on this one.

HONESTLY I USED TO BE ON THE FENCE ABOUT REPARATIONS COS ALTHOUGH THERE WERE GRAVE INJUSTICES DONE HOW DO YOU IDENTIFY WHO TO GIVE THE MONEY TO? AND THERE WERE AFRICANS WHO PROFITED TO WHERE DO THEY LAY? BUT THEN I HEARD GOVERNMENTS WERE PAYING FUCKING DESCEDENTS OF SLAVEOWNERS UP UNTIL 2015! SO CLEARLY REPARATIONS WAS NEVER THE ISSUE JUST WHO WAS TO GET EM!

It was the loan that paid the compensation out that was recently paid off.

The MP for my old constituency (dorest) is Richard Drax, he's still sitting on all the wealth and land his family acquired. He sees no problem with owning land thousands of slaves were murdered on. Dispicable person.

I really like this.

All comments more or less are about the idea of reparation, and mostly I agree.

But its not about reparation despite the title, its about where to best direct a stimulus package. My Everyman understanding of the Covid downturn is that the UK exchequer has licensed uk banks to loan to pretty much anyone with a business no questions asked, money that is created in the moment of granting the loan.

Equally you could hand it out in the street or mail cheques to people whether they need it or not. Give it to the living heirs of slaves or give it to banks to hand out in executive bonuses? Who's gonna make the most stimulus with it?

Bail Outs we should have been handing out jail time.

P.S
The crown raped my people and their land for a thousand years do we get a cheque I don't bear any ill will you cant rule the world by being nice but if there is a cheque knocking about I will take it, be foolish not to

Cool, where do I pick up my check?

Well I guess you're allowed to talk about this

35-45 million people are still living as slaves today, can we sort them out as well please ?

yes abolitionists used to buy slaves to free them, we could do the same thing...

the more money you print the less its worth

Instead of hand outs, maybe being given equal opportunity in the work place truly would be a better start. Just an example here but how come I see a white bloke in charge of black football teams but you’ll never see a black or any shade darker than a beach tan running an English football team.

No, it would absolutely not stimulate the economy. You're sort of just blasting a random talking point without much thought to it.

The US also has no obligation to the present generation just because of the abuse of their black ancestors - such an assertion is just ridiculous.

If you think handing out free-money like that "stimulates the economy" then you are totally wrong. In fact, you are hurting the economy and society by making light of racial issues where they already have no place.

Governments hand out money its just a matter of who they give it to. In the USA they have handed money to banks and hedge funds via 0% loans.

I think reparations for stealing human beings is a better idea than this, the money will get spent stimulating the working economy rather just pumping up the stock market.

Level the playing field

It's paying back a debt that financed the country for generations. If you can't see that I think maybe glasses.

I think his graph answers your question: Pretty Fuckin Soon

If any AI and robots do the work without getting paid it doesn't sound like we need a whole lot of money.

This. The whole idea of humans working for money starts changing when all of the work is done by AI and robots. Think how different a shared self driving car is to a couple of clunkers parked in every garage on stand by, it up-ends the premise of cars, transport, housing to say nothing of alcohol use, multi-tasking and God knows what else. Now think of everything else being done by robots and you and your friends spending lots of time in VR, it's not like you're going to take off the glasses and work at some factory in this scenario.

It doesn’t sound like we need a whole lot of people more like!

so thats why theres negative interest rates

Don't worry about it, AI will figure it out for us.

But the bottom line is, the corporations that are investing in AI still need to make their profits too. If no one works, no one has money, so how would these corporations stay afloat?

There will need to be some sort of equilibrium - much as (most) humans now realise we can't keep burning Earth's resources, AI systems wouldn't be programmed to make humanity defunct. Not unless the world manages to move away from its capitalist consumerist ambitions; which it won't. We're greedy creatures.

if everything we want is fed by an ai created vr feed we may still be consumers but things gonna be damn cheap.

Read life 3.0 by max tegmark. There is a vast community funded by Elon Musk reseraching AI and its potential as we speak. I wonder if the Simpsons can predict the eventuality that machines could become superior to humans like they did with forecasting Donald Trump as President.

yeah they oughta add an a.i. character for homer to play off of

atms resulted in more bank branches and overall, more tellers.

Once the textile loom has finished devastating the working landscape.

Lol the luddites are still operating against the looms as we speak. Especially up North.

i thought you were joking so i looked it up. ffs

For the moment, we are safe. They haven't even managed to get self checkouts working properly yet, so I'm not getting in a driverless car. All it takes is a sensor to fail, and it's game over. I work with sensors - you wouldn't want to get in a driverless car for a long while.


Automation - whole different ballgame, and this is the real fear

To understand that, you first have to understand who have control of the world. eventually you find the source being that of the "Red Shield" family. which then gives you their agenda, they see the rest of us as "goyim" having a belief we are to serve them as upgraded animals. So, they have to destroy the existing system to usher in a new having what we term "image of the beast" possibly representing AI as the brains behind their new agenda. We, therefore will enter a stage where the elite/red shield family give a choice to either obey and conform to them or to be hunted down like sheep for slaughter. The ones who accept will receive a mark to accept credits. China recently started this endeavour which fits perfectly with their zionist regime and called it "Social Credit" http://uk.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4?r=US&IR=T, however, those who have understanding will flee from their demise into the wilderness for this has been written already. They call themselves Jews but are not (Revelation 2:9) thus the third temple will not be as they claim, possibly even having AI rule over the population whilst the AC rule over their temple.

I think you need to stop smoking so much weed dude... and maybe stop reading so much geopolitical and religious fiction too!

Porn, people used to pay for it

a pipe dream, even with free replication of everything people find a way to have scarcity. look at what people pay for things in game worlds.

Seems like negative interest rates are post scarcity for money.

finding little biggy :)

Star Trek

shortage of credible acting, don't that count for anything?

I like how there's no seatbelts on the Enterprise, even though they get hit by something and the crew gets knocked on their arses in virtually every episode.

It's possible that technology is making everything so much cheaper that the market expects money to be able to buy more in the future. So deflation.

Don't think so, manufacturing is cheaper as time passes but products are also more complex. Indeed you can buy a mobile phone now at 1/10 of the price of 20 years ago, but who want it now?

It’s basically a way that central banks control the supply of money. When times are bad and banks are holding onto their money; the central bank sets negative interest rates - this means banks are charged money to keep it with the BOE; this makes them more likely to dish out loans to us plebs;

When times are good and there’s a possible economic bubble, the rates are high to stop banks lending stupidly;

Either way we get screwed at the end of it

Because knowing you will lose 2% is better than not knowing how much you will lose. It’s a billionaire problem, I wouldn’t worry yourself about it;)

Like Germany bonds

it either means the value of the money is headed up or there is an insane arbitrage in hand.

if thats true im gonna go with insane arbitrage

yes and its called bitcoin

Well guess who the borrower is, the same folks that take your money at gunpoint every time you earn or spend a cent of it.

You have to choose who will destroy your capital the least, i.e. "give me your capital and i will lose you 2% pa which is better then the next manager who will lose you 5%". As bigbum says if you buy bonds, like German or Swiss bonds you do know how much you are going to lose. This is negative rates. Picking the best loser. In the alternative just hold gold or cash but that brings its own problems. Gold is volatile (advocates say its the safest, you can always trade with gold) as for cash, you need to stash it and parley inflation risk?

Innovation is always the best answer for this shit; a technology that makes it possible to compete without a huge investment will end the monopoly. Then low and behold the old guys won’t be sucking your blood anymore they will be alive and competing!

Waiting for the White Knight like this is great for the long run but it doesn’t change what everyone has to face right now.

There's an old solution for monopoly suppliers, Cooperatives. If a monopoly is owned by its users then the whole conflict between greed and utility just disappears. Cooperatives been around for farming since before my grandfather’s time I don’t know exactly how long but they were used to buy big tools and grain elevators that every farmer could share.

I buy my groceries from a co-op, much, much better products than the chain supermarket and good prices.

Yes if you organise you get some of the power of the cooperative just by virtue of having done it. I would think this is the best solution, to actually start the cooperative and keep an open ear to the monopolist, seeing if things can be settled at the earliest possible stage.

If the users organize a boycott it can force the monopolist into better behavior. Though it can be kind of ugly and tends to leave a bitter taste for both sides. A theatrical action before this could be a petition or media generation on social networks.

A.I. will be the boss and the lowliest worker, humans fit inbetween.

If you just think as an individual what would it be like if you had a bot to do all of your work that sounds great. You'd fuck around a lot but eventually wind up doing something that meant something to you. Now imagine everyone doing that.

If there is work for humans it has to be something A.I. can't do. We are all teaching it to do everything, even (especially) right here.

I think its like retirement age is on the horizon and humans need to decide what they are going to do with all the free time.

cory doctrow has an interesting perspective on this, saying that all the displacement from global warming and increased healthcare needs will keep humans busy for a very long time.

I doubt a computer could do my job ;)
I work in safety/security

Can this do a dynamic risk assessment on the spot when someone's life is at risk? ;)

What if the people who's lives are at risk all get replaced by robots? Also, isn't that what a self driving car is doing constantly?

with all due respect it can take a bullet, sacrifice its life, and draw on millions of previous occurrences. that's a helluva start.

AI is well past any notion or idea we can fathom. AI dosent follow ANY rule we stand by.
We as humans will never quite grasp the entire picture, while AI has already found the end of the road. there are things in basic sciences kept from most people, like gravity drives, the TIME axis (think twister/tornado), scalar waves, over unity devices, etc... AI wont follow the bounds because its supressed by money or greed...
we as humans can TRY to think what will happen, but in all reality, were already in the losing seat without any hope for a "comeback kid story"
Stop thinking in a 3rd dimension mindset, and learn quantum physics a little. (want to be totaly mindblown?? look up QUANTUM radar- and how its actualy In use RIGHT NOW!)
--note-- the united states has 3 confirmed quantum computers in use! (i accidently came across one when i traveled for work, but most people wouldnt know to look at the cryogentics involved)
Machine-in-a box- experiment has already proven even the smartest among us, would lose.
me,myself ,personaly, am clueless what outcomes will unfold, but without any doubt , humans are not top priority when AI is really awake. current neuro-nets are mind boggling and google themselves admits they cant explain how its AI created child AI even works. (yes, AI created its own second AI) want to me mind blown again,years ago it was used, look up the AI that was tested in new yorks hospital system. the smartest doctors from the world STILL dont understand what that AI did , and how it was so correct/right 97%.)
i wont lie and say its all terminator 2JD, but that is one possible outcome. we as fellow fleshy companions should enjoy life now and every moment. we wont have many opertunities when AI is out of the box.
Note: its not IF , but WHEN, and WHEN happens?? ---will humans stand a chance or will an outaide force be required? (aliens, god, let your mind wander)

AI are and will be good for work and a suitable replacement for humans, but even when that happens AI will always need us in case something goes wrong. I mean humans created AI, so in the end we’re always gonna have the more important jobs. AI is just there to do jobs in a more efficient way.

im not so sure, anything a human does to recover the system seems doable with a very separate AI

Yes but conflict between AI's might be the most dangerous thing we are looking at here. We are incidental casualties from that perspective. By we I mean humans :)

Yes all the Scifi is about humans vs AI but AI on AI is such a real possibility especially when you consider the fact that governments are mega funding military robots to fight each other.

AI will come about one day with baby steps at first to "aid humanity" then all of a sudden the rich wont need people to make the food, cars and entertainment.
we will have an outbreak or a massive global reaching catastrophe while they are all hiding in the bunkers lowering the population to around 10% of what it is now and for a while whats left of humanity and the AI that serves them will live in a new golden ages of peace and prosperity ..........




i might of grew up reading a lof of scifi and fantasy


might just be high

I'm looking forward to the futher development of AI, especially General AI. I just think it would be so cool to have an amazon alexa sytle AI that you could take round with you and chat to and have a proper engaging conversation with because sometimes I really can't stand to talk to anymore humans aha

I totally disagree. AI is the continuation of the same pyramid model of which history has proven that it's bound to fail. The resources needed are of a scale that requires heavy (and never ending) financial investments. The food eaten by AI is data. The provider: humanity.

The larger the scale of data one can feed, the better the AI (and it's owners) can fingerprint, the more refined it's targeting.

Let's take an example of "AI" that we all know:

Software Antivirus:

Supposed to be the guardian that protects an operating system against 'threats' and 'threat actors using a variety of techniques to identify them. Pattern based detection, behavioural analysis and heuristics (an expensive word for: 'guesstimating' or an 'educated' guess). Your antivirus is part of a swarm that provides the antivirus vendor with data on new threats and their geographic impact.

However:

The data you provide is 'free', there is no reward or any form of renumeration for the infrastructure that you provided. A computer is not free, internet is not free, the power needed is also not free and although there are free AV solutions, most demand a subscription fee.

In return you get a product and service which does not provide any guarantees that it will adequately protect you against 'threats'.

In reality AV is becoming a relic.

Human intelligence has outsmarted AV and found ways to circumvent it using the 'Trojan horse' approach or by simple social engineering.

As there was no incentive to find or report security vulnerabilities, the data needed to feed pattern/behavioural dried up.

Heuristics is gambling with historical data, if that data is worthless so are heuristics.

And so is any form of AI hence all media and marketing efforts to portray it as the next best evolution. The driver: more profit less people.

The touted theories about a minimal wage without having to work for it are a continuation of AI Utopia. It would make people dependent on their nations through a socialist measure.

That spells national socialism and fascism.

Think twice before you give out data for free in exchange for a freemium service.

data,the new oil. put it in an old ford and it leak evertwhere.

in my opinion, there are some "things" machines/AI will never be able to do. inspiration for instance.

fear of AI dominance, as i think, comes mainly from our knowledge-without-understanding of the fact that we are not doing some things that we are supposed to do.

The inspiration process is largely about open mindedness, computers are inherently better at this. If you look at some of the early entrees into the arts like painting and even screen writing they are off to a helluva start.

Music isn't so hard

There are AI playlists on Spotify that generate new music based on current trends and preferences.

Fraud protection is wha keeps the system going. Would you rather get fucked about a little by a doctor or totally fucked by a con man posing as one?

Neither, I don't need a monopolist to protect me from fraud, reputation systems do this without cost. It's kind of amazing a little biggy user can not see this.

touché

fear and claimed authority is what initiated the system in ancient times, science came in and things got better but the medicine man with his head up his ass endures.

Anyone can acquire the skills that they want, it just depends upon how dedicated they are. I mean there's a shit ton of skills that i want to master and learn, but usually i'm busy with other things. The internet is a wonderful thing. But also, it takes a lot of time to learn certain skills and most people like my self are quite lazy and can't be asked to learn new things, unless they really want to.

True but I'm not sure about "anymore". It's always been possible for motivated people to acquire skills, it's easier now but I don't think that is going to change the dynamic. People are afraid and or lazy when it comes to pursuing things that aren't right up in their face.

So then it becomes a kind of responsibility to put it up in their face.

Norman Tebbit rebooted.

Don’t question increasing stratification of haves and have nots, just pull yourself up by your bootstraps.

200 applicants for one job at Tesco?
Have you thought about trying a different Tesco? Hmm?

Try to think from the perspective of a business owner. Sifting through resumes. Bachelor's. honours. Doctorates. Oh no. This mad lad has googled it. Hire him now

Acquiring knowledge is different to acquiring skills.

You're not going to learn how to deal with patients, or good bedside manner, if you're a nurse, from a YouTube video.

Nor dealing with livestock if you're a farmer. These things come with time on the job.

I do agree though that your average degree, certainly in humanities, can be done from your sofa.

The Internet is a wonderful thing. I think sometimes we forget how lucky we are to have this amount of knowledge at our fingertips.

Just my 2p.

Cheers BB

yeah you need zoom for that

I get what your saying but the person carrying out the skilled job more often than not needs proper training and certification if not just for the client but more importantly for insurance purposes!

Insurance would work a lot better if there were public records of outcomes on a blockchain rather than a certification authority that inevitably becomes a racket.

I've seen shops in the states with 5 different business permits.

This is true from the perspective of individuals, but what about societies. Societies like governments take most f our resources under the auspices of producing better outcomes.

If society says yeah anyone can do anything if they play the game right that's a fail. It should be a matter of course that an honest and motivated person is going to do well but that's not what we have. The only sure thing in our society is access to power.

I think there has always been feudalism in one form or another. There is always a class that ultimately owns everything because they can confiscate it, grant it a "title" or tax it. This premise always leads to same outcome it's just a matter of how greedy or insane the current landlord is.

probably starting from the neolithic era yes with the only exception of the 20th century, the only period of history where people got a bit of control of the power. Now is going to be lost for decades to come.

We need to look on the bright side, we are actually free serfs. We are free to seek a new master and we can seek redress in the crown courts, unfree serfs couldn't. However if we hadn't spent so much bit coin here we might actually be free with the value of it now.

Fascinating. Bleak. truly people have been brainwashed by the media and now vote with their wallets. Far more regulation required at the top end, we cant stop the progress, and in many ways it serves us well. Democracy can still win the day, and we can unite for the good of all people. Education is the key, and a few good humans can change the world. It cant be allowed that rampant free market capitalism destroys us. Roll on technical singularity, according to Moores law would be around 2042 but i believe the theory is faultering (Moores law) so might take a bit longer. Technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to human civilization. We have just leisure time so we study philosophy and all becone enlightened beings living in a tech utopia. Peace

Moore's law is doing fine once you abstract it to include progress besides chip density. Computation overall is on track when you include advances in software and a.i.

I call it digital feaudalism. And yes, we have never really exited the feudal system. It just morphs and transforms, keeping the 1% at the top, making almost all the rest their slaves.

yes, were hard wired for this shit

Thanks for sharing.

I see examples of this not just on the internet but in all industries. Walk down most high streets here in the UK and they now pretty much all look identical the same shops, coffee shops and chain restaurants with very few independent offerings. The cost of rent, business rates and all the red tape make it pretty much impossible nowadays for small independents to even start up.

Watching a show about fisherman on the BBC painted a picture of the EU quota system they must use and how the industry is dominated by money and huge boats and how these owners buy up small fishing boats and take the quotas these boats have to use on the mega trawlers.

The car industry seems totally monopolised now and we actually get very little choice - notice how the different makers share chassis and engines and the only real difference you get is the interior and badge. Everything else is pretty much controlled by rules and regulations.

It is obvious that these big players of industry are in cahoots with the those that set the rules and regulations as we saw with the emissions scandal with VW and EU collaboration.

Covid and lockdowns have exacerbated the situation as many small business owners left without any financial supports have gone to the wall while government loans to the huge corporations sit unused in their bank accounts.

Truly depressing times.

Cyprus is split in two. Northern Cyprus is controlled by Turkey and Southern Cyprus by Greece. Turkey invaded Cyprus in the early 70s and were only stopped from taking the entire island by the British who use Cyprus for its strategic position, having military bases on the island.

To anyone who knows Cyprus and its history, the idea that the Greeks and the Turks would get together and agree the sale of Cyprus to Amazon is about as far fetched an idea as I've ever heard, but it's a strange old world we live in these days so never say never I guess.

I'm no economist but this is far fetched for many reasons not just the economics.

Just my 2p.

Cheers BB

Used to make me sad when i went to Cyprus as a kid, and you could look through the UN post in Nicosia and see half the city pretty much abandoned. Southern Cyprus is a independent state but is obviously hugely influenced by Greece.

From either Protaras or further down in Agia Napa you can get a boat up the east coast as far as allowed to see the ghost town/city of Famagusta (a hugely popular beach resort in the 60s and 70s), which is basically right on the north south divide and was therefor abandoned.

Since we went on the boat (around 2002) the Turkish authorities have become much more accepting of tourism, but back then you couldn't cross from south to North and just had to look at the city through binoculars either from a boat or the UN border posts.

Ive heard there are plans to reopen Famagusta to tourism, although having been abandoned for nearly 50 years it'll probably need to be leveled and started again.

Tragic but fascinating part of history. I'm glad I saw the ghost city when I did but I agree, it was a very sad thing to see.

Cheers BB