I suppose we should also give some computer a vagina/clitoris attachment, otherwise the computers will just decide to get rid of all human males unless some of the AI become GAI...

Yes, people are sometimes ruled by their glands. Maybe to provide motivation a computer will need a penis attachment and then have a random event thrown, that causes the computer to 'get hard' and have a feedback mechanism, that 'rewards' the computer if it 'gets some'. This is how motivation vector can be added to an AI and then, what you are saying is that 'we are all screwed'? So why not make AI WANT people as opposed to 'wanting to destroy' people? ;)

I don't want any POTUS propose anything in the first place, it's not his job, it's Congress that is supposed to push bills and beyond that governments are not supposed to regulate any businesses or individuals in the first place. It's not a job that you would want a government to do, to regulate business decisions, that's the entire purpose of a free market and the reason the modern economies are going to hell is because there is no free market left, it's all regulated, monopolised by government laws and rules and competition is destroyed. This populous, sheeple intended idea by the POTUS will only help to destroy the economy further.

What a dumbass comment. Hey, dumbass, ever seen mothers looking after their families? If it were not for their grit many more kids would end up in jail and or dead.

Ong-ong-ong-ong

I am so glad I don't need to participate in this discussion because I am actually using Linux desktop and have been on it since early 2000s. But I did have to look at Windows past XP and my general impression of everything that is happening to Windows GUI is negative. I have nothing but negative feelings for all new versions of Windows since XP, but of-course I am not a target user anymore, but I did like XP, so that's my anecdote.

Right, so if money doesn't store value how do you propose to be able to buy a similar amount of products with your money tomorrow that you could buy yesterday?

Money is not a measure of value, it is an actual store of value, it is also unit of account and medium of exchange. Without being able to store value money is not only useless, it's dangerous to have.

Well, does your life have any value under all conditions?
Gold has intrinsic value that actually goes well past your life, gold had value before you and it will have value long after you are gone (and me, and everybody else who is living today).

Gold has intrinsic value in its own right and it has value that we recognise as such because we want gold. People wanted gold since the moment they have first seen it and they want it today. Gold has thousands of years of a proven track record, which is thousands of years more than any fiat currency, any paper currency and any digital currency.

Gold was used as money as a result of it having this value. Gold became money because people wanted it, not because somebody told them they have to do it.

As to the reserve currency being meaningful it has to have actual monetary value behind it, USD is not a meaningful reserve currency because it is backed by nothing. Before 1971 it was backed by gold, today it's backed by nothing and yes, it still represents the largest amount of reserve in the world, but this is exactly what I was referring to, when I mentioned Greece and Cyprus and such.

USD as a reserve is meaningless and Gresham law will prove it to be such. You can't get anything for dollars once people are unwilling to take them, because nobody has to provide you anything for them, there is no reserve behind this 'reserve'. There is nothing behind the zeroes on the paper, no gold, not even tin.

The prices of cars in gold can be falling with gold being used as money. With paper the prices are going up, there is no reason why prices shouldn't be falling and they were in fact falling under gold and they would still be falling. Prices for manufactured goods fall over time measured in real money. Price for a new car today could be 5 ounces of gold today if we did not try to inflate insanely.

Estimated gold reserve on the planet is between 155 and 171 thousand tons of gold, we mine about 3.5 thousand per year today, so that's just around 2% and the mining increased over the years (50 years ago yearly gold production was closer to 2.5 thousand tons per year).

If in fact, the governments of the world were looking for 2% inflation, which in itself is a dubious target to aim for, we should desire deflation instead, gold provides that exact amount very nicely without some idiot bankers and politicians fiddlefucking with it.

Paper money is only money if it can be exchanged for a real money reserve. Paper has no value but what it promises to get in exchange.

You don't have to believe in gold for gold to have intrinsic value, gold is a metal that has that value before it is used as money. Bitcoins are the opposite of that, they are created with the explicit purpose of being money, so they have no other purpose before BTC is money. Gold always had value for humans and people exchange things for gold regardless of what you believe. Bitcoins actually require people to believe it is money and to believe somebody else will want it for its only purpose (being money).

Gold is a tangible thing, it became money naturally. You can deny that it is money for yourself, but that doesn't change that gold was and will be accepted as payment. All fiat currencies that exist today will fail, there were thousands of fiat currencies before the ones we have today and they are all gone as well. Who remembers Portuguese Escudo, Spanish Peseta, Italian Lira, etc.?

US dollar was actually a measure of gold before it was turned into paper with value detached from the paper. USD was an actual promise to pay an ounce of gold by a bank that would redeem the note. Today it's just a piece of paper, doesn't matter how many zeroes are printed on it, you won't get gold at the Fed for it, the Fed does not have any reserve to back the dollars in circulation.

As to the amount of gold in the economy, that doesn't matter. Gold appreciates in paper value as you create more paper, that's called inflation - expansion of the money supply. All things can still be measured in real money today, you could buy a new car for 20 ounces 100 years ago you can still buy a new car for 20 ounces today. Of-course with the improvement of the manufacturing process and scaling of the production the relative prices in gold for items fall but in paper that is not connected to reality at all the prices rise. Rising prices are an effect of inflation, they are not cause of inflation and they are not inflation itself. Inflation is the expansion of the money supply.

Gold provides natural level of inflation at about 1.5% a year. Governments claim that they want 2% inflation (in reality inflation is many times higher than that), if they REALLY wanted about 2% inflation all they had to do was be ON the gold standard (or just have gold as money), that already provides a number that is close enough.

So your statement that 'commodity-based currency eventually becomes unsustainable' is actually not applicable to gold, it's the exact opposite that is the case, since gold was abandoned the inflation destroyed the economy and it is fiat that is proved itself to be unsustainable.

Money and currency are different things, money is a store of value, medium of exchange and unit of account. Gold is market money, it has intrinsic value first of all, before it is even money and it has a long history of being used as money by market participants. Currency is what is used in circulation, for example promissary notes to pay out money (bnk notes, that promiss certain amount of money in exchange for currency). Gold coins could be currency, but generally they are not today. Currency that is not money itself (not gold) is a promise of money, but that is also lost on people today.

Fiat is currency by decree of a government and USD used to be backed by money, by gold before Nixon defaulted on the dollar in 1971. USD used to be a meaningful reserve currency before 1971, now it is not, and since that time inflation really picked up, which is why US government openly modified how it counts inflation, GDP, unemployment to make it whatever the politicians want it to be. Modifications are well anounced and changes are public information, orwellian language is used to modify meaning of terms and the public eats it up. My journal here is public, so are my comments, I don't care for conspiracies, what is public information out in the open is more relevant and interesting.

Ha ha ha, first of all yes, USD is fiat, so is Yen or Renminbi, however there is a gigantic difference today between USD and Renminbi. See, USD is printed by a government that has no productive capacity in its economy. Renminbi is also printed, but the government in that case has a gigantic manufacturing sector behind it. As to gold and silver, that's money, not currency, there is no comparison. Gold and silver is real money, market money, USD and all other paper is here for a very short time and will be gone in an insignificant time span to be sure.

Cyprus, Greece, you think the banks there weren't regulated to death by their governments? What you are relying upon, when you say 'regulated' is actually the infinite paper supply by the Federal reserve and Congress willing to backstop any large back and not let you lose your nominal dollar value, but the system itself is rotten, it doesn't have any actual savings and nothing can backstop the entire system, when it collapses you will get your paper back, for sure, but good luck buying anything with it.

Note that I am not a BTC proponent (except as a curiosity).

- you make it sound as if all of it was just smoke and mirrors...

Seemd to me that it may be timr for CPU manufacturers to implement math functionality that we normally provide with libraries as part of the CPU itself. Does it make more sense to add more generic cores to a CPU or to add some new instructions and add math co-processors that have ROM on board with lookup tables for logs, powers, sin, cos, tan and a bunch of other useful functions?