Telling you right now that physical metals are going to win in the end over crypto.
Crypto is the sunken cost of enormous amounts of energy and time and technology, to solve otherwise meaningless puzzles. And then calling that a store of value. I don't want to debate this. I know crypto well I was an early adopter and miner of BTC. My rig was attacked constantly by hacks and I blew through 3 raspberry pi miners that controlled it. My government never protected me from these attacks and no one was interested in investigating it, even though, that's technically multiple federal violations of wire fraud and cyberterrorism.
Metals are the future because not only are they a real tangible asset, they also have multiple real-world uses. Actually, of the cryptos, Ethereum is has a dual use parallel in that it enables smart contracts and distributed apps and thereby censorship resistant communities and services like open bazaaar and LBRY, so I support ETH in the crypto world.
But METALS, specifically silver and palladium are going to have very big use-cases in the future.
I was watching a TIMCAST IRL video about this very smart guy talking about nuclear power, specifically fusion and cold fusion. It's a recent video (today) and very interesting. He talks about cold fusion which he says is now called lattice assisted fusion or something like this. And he refers to what? Palladium
Palladium used in cold fusion. Bang. there you go.
Silver used in solar panels. Palladium used in cold fusion, the future of nuclear power. Solar will have a place in residential but fusion is going to overwhelm it in terms of production. Panels don't stand ANY chance. Green is not the future. I am sorry to all the green people. You have a nuclear plant that can produce thousands to millions of times more energy than a solar farm tens of thousands to millions of times larger in physical and carbon footprint to produce the same output
Nuclear is around for a reason. And it has a bad name from meltdowns and old reactor technology. It CAN be made safe. First of all, THORIUM molten salt reactors are the future. You get the power output of nuclear fission and you get safety
Fusion is probably a long way off, esp hot fusion. But cold fusion looks like it's on the verge of a breakthru. It had stalled because it was given a bad name in the 1980s, and that was a political hit job on science, very similar to the one the media did on Hydroxychloroquine recently.
We've got to stop with the science hit jobs. Innovations esp in energy help EVERYONE on the planet. But the dark heart of this alchemy (nuclear physics) is that it always becomes weaponizeable that's why when we get it, we should give it to everyone as OPEN SOURCE.
Everything should be open source. It's the only way to have a future.
If you use Linux and don't mind RTFM, it is completely your fault. Government or hackers have nothing to do with it at all.
Cold fusion seem to exist, but it is still can't be used as energy source. You need much more energy to sustain it, than you get from it.
The same is with thermonuclear fusion. You could easily build working thermonuclear fusion reactor spending a weekend in garage (search "fusor"), but it will not be self-sustaineable source of energy.
Absolutely everything with energy output and/or density high enough to provide a decent amount of energy allowing individual to become independent from authorities is theoretically weaponizeable. Every working technology of that kind will be declared "weaponizeable", "harmful" and will be prohibited for individual use, like RITEGs f.e..
You would always have to hide from authorities if you finally find a way to build some independent energy source powerful enough to gain energy independence.
Physics is still open source. F.e. everybody who are interested could easily find out how to build a small and simple nuclear reactor. But you are artificially limited in usage of that knowledge by state restrictions on materials or instruments needed.
However, openness is a good flag to filter hoaxes and other garbage. If you see or read something on some highly interesting and fringe topic and it have undisclosed "commercial secret", "know-how" or failure to mention important details, preventing you from replication - this is a 100% hoax.
I misspoke above. The raspberry pi's were controllers that gave the video card arrays an ethernet port to connect to a mining pool in sweden. Tha'ts pretty much what it was doing. That plus running the mining program but the video cards were doing the work.
Interesting post, cheers. I've always been pretty intrigued by geothermal energy but I decided to start a bit of a search after reading this and came across this decent article discussing different energies and figured I'd share: https://www.quantumrun.com/Prediction/renewables-vs-thorium-and-fusion-energy-wildcards-future-energy-p5
P.s. Palladium is good enough for Iron Man it's good enough for me.
Thanks for the post. This is also something I’ve also never understood about crypto - but I’d also acknowledge that maybe I’m naive to its actual function/purpose.
To me it just seems like a pump and dump scheme where the only tangible value it carries is others confidence that it will somehow, some way carry a real-life application/valuation. Currency backed by a government gives confidence/buying power and I guess at the end of the day a 100$ bill is just a piece of cloth - you can’t create technological components with it which is why I like the example you gave, supply and demand. And I’m not in love with the treasury or the methods in which they devalue the currency to spare themselves financial ruin (bail outs etc). And in that sense I see a dollar much like I see a bitcoin, the governments just beat them to the punch in terms of applicability.
I also understand that a lot of crypto advertises that it is immune to this sort of manipulation, static amount of coins, etc - but until you can apply it in the same way as cash in any situation I just don’t get it and i don’t think anyone invests in crypto for those reasons, i think they invest to make an actual dollar off some other sucker who bought into the ideologies.
Every house has a mailbox, but not every house has a computer. I don't see "email" ever replacing physical mail handled by the government.