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Comment Re:We should be studying this now (Score 1) 105

An obvious one is small scale experiments on oceanic plants, possibly engineered, that could sequester carbon dioxide. For example, the ideal plant would be a carbon-fixing plant that has relatively small iron and phosphorus needs and sinks once it dies. You could drop a lot of carbon into the bottom of the ocean fast with a plant like that. And if it's a huge monoculture, then eventually something will figure out how to eat it.

Comment Re:No, it won't (Score 1) 105

The problem here is that there are obvious problems with monkeying around with the world's energy infrastructure. So this is a standard engineering approach to see if we can preserve that energy infrastructure without incurring huge risks. Right now, it does appear that doing nothing is a better choice than 80% reduction in CO2 emissions.

Comment Re:Geo-engineering is intrinsically riskier (Score 3, Insightful) 105

At least with carbon reduction we're attempting to reverse climate changes through a mechanism believed to trigger those changes. However, with new intervention mechanisms that aren't fully understood, I don't trust anybody's model of what they think will happen.

I'll buy that. But I think it's worth noting here that all of our choices are geoengineering choices, including emission reduction and doing nothing. I find it a dubious argument to heavily favor one approach and then rule out a whole category of other strategies on the basis that we don't know enough to implement them. That should be a warning that we don't know enough to implement any of them.

Also there's some low-lying geoengineering fruit such as albedo changes in urban environments in hot locations which is a considerable part of the world, reforestation, and putting out large coal bed fires.

Comment Re:Innate Value (Score 1) 253

Technically true even if deliberately obtuse.

Obviously, I don't see it that way. My ultimate point here is that we can do a lot to change what we perceive as innate value. Gold, for example, has long been a store of value, namely, that it has a perceived innate value and some physical properties that make it a nice thing for this purpose. Originally, it was because it looked pretty and was easy for bronze age people to make and handle. Now, it has a bunch of other industrial uses propping up its "innate" value.

And currencies can have value beyond their utility in everyday trade. For example, the US government and its subordinate governments accept only US dollars for tax payments and many other transactions.

While Bitcoin might not have a utility past its use as a currency, there is no reason we couldn't make a currency, using the Bitcoin model, which does. The key reason is that Bitcoin depends on computation to validate currency creation and transactions. Those computations are inherently useless outside of their derived value from Bitcoin transactions.

That needs not be the case. We could make a system where every unit of currency created and every transaction done happens to be done via a measurable unit of useful computation (say it tests a number of possible protein configurations or some other computationally intensive, readily parallelizable problem). Then in addition to the currency's value as medium of exchange, there would be add on value from those computations as well.

Comment Re: I like this guy but... (Score 1) 438

No, I think a better argument here is that these two parties have plenty of incentive to keep the status quo as is and to create and harden divisions of all sorts. For example, a single issue voter who always will vote for the pro-choice or the pro-life candidate is a safe voter. You can get away with quite a bit and you will always have that voter in your pocket because they will never vote for the other side (the well known "lesser of two evils" effect). The worst that will happen is that the voter won't vote at all.

But it's not quite a single party because of the voters who aren't so compromised. Voters who go for the person with the better deal create a bit of competition.

Comment Re:Innate Value (Score 1) 253

Yes it provides utility as a currency, but outside of its use as a currency it has no value because it cannot be used for anything else. Things that have innate value have other uses than just for currency.

There's no such thing as innate value. Food doesn't have value, if there's no one to eat it. People don't have value, if they're just another mouth to feed, breeding more mouths to feed.

Comment Re:Capital always competes with labour (Score 1) 49

What are the factors that lead towards labour being more expensive than capital? Well, in the so called 'developed' nations that would be government created inflation (paper fiat printing and interest rate manipulation), business regulations (which are taxes) and other income and wealth taxes.

Inflation tends to nail both labor and capital. Resources and materials hold their value, but wages don't track inflation. And capital gains tax is a problem for capital.

Regulations aren't taxes because for the most part the state isn't getting revenue from the regulation. There are ways to turn such things into an effective tax such as US police departments generating funding via civil forfeiture laws, but it's not the default state of regulation.

Various economic indicators in the USA are showing a significant slow down in the economy, it's systemic but the TV will make you think this is all weather related, which is pure nonsense. Weather happens, so do other things, these things shouldn't cause the so called 'economists' miss their targets all the time by such huge margins. The USA (and some other) economy is dying the death of trillions of cuts administered by the government and various 'progressive' agenda but also by the mix of corporate/state agenda that prevents free market from working. Free market is then blamed, the idiots say: 'free market fails' or whatnot, when the reality is that it is their system of government that fails to protect individual liberties and freedoms required for the free market to exist.

I agree.

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