Earlier quoted context omitted.
"Non-interactive site" wtf, do you even know the trickery you have to do in JavaScript files to remotely work outside their intended domains? Or how hard was to create a working playable copy of hundreds of old games? Or how much people you need to handle an ever-growing data storage (e.g everyday bigger than the day before) while making it available over internet?
While the code needs maintenance to adapt to edge cases, it's build once and maintain feature. It's not user registering site that needs support for customers and no need to introduce new features to keep going. Data storage is also single purpose job. While it needs technical capability to store huge amount of data, I still don't see how 150 people are needed to maintain the archive. You say as if 150 is a small tea…
What Will Happen in the 2020s
501–510 of 692 posts
Re: What Will Happen in the 2020s
#502I don’t really buy into 4-6. I don’t see any benefit for a country to turn its currency into a crypto asset. Either they are relinquishing a great deal of control in democratizing their financial system (also exposing themselves to attack), or it’s a crypto in name only that doesn’t seem any better than digital cash through banks except for a buzzword. Decentralization is hit or miss. You get economies of scale with…
the trend of the world has been to decrease transaction friction and costs. Crypto increases both. And moving to crypto is like going back on the gold standard. No way to expand or contract monetary supply.
Not _exactly_. This is kind of the whole point of Stellar, and why IBM invested in creating World Wire. Crypto can make this problem easier, especially if you're looking at it internationally rather than in day-to-day transactions. I also think for auditability there is an advantage here, which can't be brushed away. Tracing down international currencies can be very hard.
That said, what the article is describing is definitely not this, but seems to predict (at least based on the text) something more akin to a stablecoin that corresponds to a given fiat currency. So yeah, in that case, you'd probably be correct, but I don't think we can generalize that to every type of cryptocurrency.
Re: What Will Happen in the 2020s
#5031. While I do think climate change is something we need to mitigate now, political realities are very clear on this one -- people don't want to spend much money on mitigation. Furthermore, the dire consequences are still quite far away, doubtful 2020s are the years this will turn around.
2. I think for now automation will do what industrialization did before -- increase productivity which will lead to increase in consumption. I think it is only when we start approaching AGI when human labor will start becoming superfluous. Again, I don't think UBI is in the cards for mass adoption in the US or other major countries in the 20s (although I see it as inevitable on a longer time scale).
3. China IS a global super power, whether it will fully displace the US is again doubtful, they have the capacity to do it in the next 20-50 years, but probably not in the next 10. There is a lot of inertia against them basically everywhere (europe, east asia, india, etc).
4. There is literally no reason this would happen. Even private attempts on decentralized currencies (bitcoin/etc) did not produce assets that are used as money for regular transactions (not black market, speculation, or capital control evasion). For countries it is even less attractive to start a crypto since if you have a stable fiat then why wouldn't you just... have the stable fiat? Countries LIKE having control over their currency.
5. Internet relies on hardware/infra that is currently privately owned by what are essentially local monopolies/duopolies. Unless laws that force infra sharing get passed (which in the US I just don't see happening), decentralized internet will absolutely not happen. Again, the 20s are now and we have no real movement in this direction.
6. Most people prefer meat. Currently population growth is such that meat production can easily keep up with demand. I agree that meat production is worse for the world (due to being resource inefficient) and I agree that it is more ethical to eat artificial meat due to decrease in suffering, but let's be real, most people will just eat the meat that is cheap and easily available. There is zero chance major countries manage to pass bills that would make meat expensive.
7. This one I almost agree with, I just don't think that there will be "a wave of hype" since without better propulsion/space elevators capital costs are obviously high and don't scale well (space isn't software).
8. I agree that governments will ratchet up surveillance, but I don't think consumers will be willing to put much money into privacy. I bet most people don't care (enough to spend money) about privacy, and the fraction who are OK with surveillance will only increase.
9. I mean, given that most baby boomers will be retired by 2030 I agree that they will play increasingly diminished role in the society, but I don't think it's because age/experience will not longer matter.
10. This is something I most agree with. I do hope that the 20s will be year genetics changes how we treat non-infectious diseases.
Re: What Will Happen in the 2020s
#504I don’t really buy into 4-6. I don’t see any benefit for a country to turn its currency into a crypto asset. Either they are relinquishing a great deal of control in democratizing their financial system (also exposing themselves to attack), or it’s a crypto in name only that doesn’t seem any better than digital cash through banks except for a buzzword. Decentralization is hit or miss. You get economies of scale with…
Canada's mint already created a crypto-currency. https://en.wikipedia.org/wiki/MintChip It didn't exactly explode in popularity, and has since been sold to a private corp. China won't be the first country to issue a crypto-currency because it's already been done by other countries. If China does issue one, people likely won't trust it and will avoid it like the plague. China's only real advantage here it is to levera…
Re: What Will Happen in the 2020s
#505So, I have a problem with a large number of these points. Each point alone requires a long rebuttal that no one would read. I think Fred is way off here. The bullet points: 1. There will be no global change in human behaviour and activity that is against the short term interests of those people. Period. The way to replace fossil fuels with renewables is by them being a cheaper source of power. We're well on the way h…
I think the reason would be that most countries that make short-term decisions are ones that have democratic elections every few years and need to avoid pissing off too many people. China's authoritarian system may have more leeway with short-term pain for longer-term strategic initiatives not resulting in societal upheaval.
Re: What Will Happen in the 2020s
#506Earlier quoted context omitted.
Yes, the only way #6 will come true is if the replacement for meat looks, smells and tastes exactly like the real thing and it'll have to be cheaper too. People all over the world love meat, especially US, UK and the Chinese. I've tried to convince some family members to reduce their meat consumption even a tiniest amount gets a huge amount of resistance. People aren't going to give up their meat: they may not even b…
Faced with a choice between beef or fake beef that tastes exactly the same, most people will just go for the real beef. They don't want the highly processed fake stuff that contains who knows what. The only way beef loses is if the alternatives are significantly cheaper. If a McBeef is $5 more than a McFakeBeef then you got a shot at converting people.
Re: What Will Happen in the 2020s
#507Earlier quoted context omitted.
Also good at giving death penalties for white collar crime. https://www.bloomberg.com/news/articles/2019-12-27/china-sen... Keep up America!
Extreme (death penalty) sentencing for corruption is generally not something you see in regimes that have highly effective regimes of anti-corruption enforcement.
Re: What Will Happen in the 2020s
#508So, I have a problem with a large number of these points. Each point alone requires a long rebuttal that no one would read. I think Fred is way off here. The bullet points: 1. There will be no global change in human behaviour and activity that is against the short term interests of those people. Period. The way to replace fossil fuels with renewables is by them being a cheaper source of power. We're well on the way h…
> 3. Why Fred thinks China won't have the same short term self-interest that every other country does seems fanciful at best. I think the reason would be that most countries that make short-term decisions are ones that have democratic elections every few years and need to avoid pissing off too many people. China's authoritarian system may have more leeway with short-term pain for longer-term strategic initiatives not…
Re: What Will Happen in the 2020s
#509Earlier quoted context omitted.
I think you're absolutely right that the status symbol aspect of meat consumption is going to be a large factor in people's decision-making. That said, there are inflection points at which certain products switch from being seen as status symbols into more questionable signals - wearing fur springs to mind as one example. I don't think it's at all guaranteed that traditional meat would end up in that category; it's a…
Fur is a fashion meat is a core pillar in many cultures and changing that will take longer than 10 years.
I think you are probably right... but I want to bring up the counterexample of smoking.
I mean, smoking was never as widespread as eating meat, but I feel like there was a tipping point in the '90s, where it went from something almost every red blooded american would do to something very rude and even forbidden in most indoor spaces.
Smoking became... divorced from manhood.
I remember as a kid I had an IT job; sort of an internship type deal fixing computers for the local county department of public health. I got credit for going to this job instead of taking the last two classes of the day in high school; There was nobody else in the building who wasn't old enough to be my parent. It was so much fun.
I remember when the city passed the 'no smoking in bars' ordinance. The office was super excited. a few people (who I'm pretty sure never went to bars) said they were going to the bar after work. (I was maybe 16, and not invited) I thought it was pretty funny at the time, but now that I'm old, I go to bars, too... and you know? I probably wouldn't if they smelled the way they smelled walking past them in the '90s.
Re: What Will Happen in the 2020s
#510Earlier quoted context omitted.
"Modern" reactor designs would indeed solve many problems with nuclear energy. But nuclear reactors are for the most part extremely expensive projects with high risks, so only conservative designs that are well tested are actually being built. This has been a problem for the last four decades, and I don't see why it would suddenly change. If anything risk appetite probably decreases as civilian nuclear reactors stop…
I believe that China has the appetite for it and will pursue new reactor types unlike the luddites that we have here in the USA. Luckily they will probably sell them to us for a profit.