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Comment Re:The real question: self-fulfilling prophesy (Score 1) 545

If humanity (or even only the G20) were to ‘throw everything they have at it to build a space station of the scale of Elysium in 150 years’ then we would absolutely assure that “Earth is beyond repair”. Although not strictly a zero-sum game, economics & engineering are relatively inelastic at each plateau of history unless some paradigms seriously shift, lurching humanity to the next plateau until the next set of paradigm shifts:
1) numerous liquid-fluoride thorium reactors (or analogue) at each locality providing abundant power for pennies on the dollar, when compared to current energy storage, distribution, and consumption technologies;
2) inexpensive extraction of minerals deep below Earth's crust (or analogue) providing more resources than the sum total of all of human history;
3) rail-guns (or analogue) inexpensively allowing vast mass per payload to reach escape velocity;
...)
infinity) and a bunch more paradigm shifts about which no person on the planet currently has the slightest inkling at all. Here the unit of measure of infinity is “bunches”—actually probably “bunches of bunches of bunches of ...” in depth & breadth.

Comment OP is flawed: Open source is not a democracy. (Score 2, Insightful) 406

Open source is Ayn Rand's 1949 movie & 1943 novel The Fountainhead: be your own independent architect, do what you love to do, put it out there, see if anyone else loves it too, find your birds of a feather, flock together, and f— everyone else, especially your competitors on similar projects.

Comment Re:Bitcoin mining is not capital gains (Score 4, Informative) 239

http://en.wikipedia.org/wiki/Capital_gain

The key words here are: "financial assets" and "intangible assets". Bitcoin mining is both of these.

from Capital gain's Wikipedia article:

The gain is the difference between a higher selling price and a lower purchase price.

The gain is the difference between 1) the selling price of the financial asset after the mathematics (or after WoW achievement) and 2) the purchase price of the intangible asset before the mathematics (or before the WoW achievement).

Comment Capitalism is degenerating. (Score 1) 376

It is very difficult to make money in discovering something new. The EU & USA governments have already spent themselves to the max, so they cannot provide, say, a trillion dollars per year for needed R&D. The VCs like to pursue something either narcissistic or advertising based (or preferably both), because that is what they understand the most and looks like easy money.

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