There were 22,000 recordings according to the article, but we don't know how long the audio length was; it's possible that most of them were of silent, empty rooms and could be automatically filtered out.
That’s the definition of asset appreciation. This is comparable to buying gold 100 years back vs now, no one is complaining Gold is doomed because it was dirt cheap a century ago, not did gold lose its ability to retain value because it was getting expensive. Although the rate of growth won’t be this explosive for BTC in the future as it is now.
Late adopting rich people might still get into BTC ETF for its ability to maintain its value in the long term, as simple as that and doesn’t matter at what price they buy.
Exactly they aren’t. But they have some parallels in properties (fungible, less prone to inflation etc)
But gold or any other precious metals for that matter still has a flaw of having unlimited supply. Yes the supply is limited on earth but we are only couple of decades far from mining asteroids like 16 Psyche.
Flood the market with gold, it will drastically lose its value and this will indeed help its consumption like manufacturing of electronics etc but gold as an asset would be pointless.
This cannot happen in BTC, which is programmed to have finite supply.
So you tell me someone has 88bn us dollar or real assets somewhere stored away safely?
Somehow I doubt that. That would mean someone invested this in a save and independent way with enough return to keep it inflation save and apparently has no other idea on how to invest that even more magical.
There are now lots of efficient cryptos and some that can run on a single wind turbine. But I am with you, hoping the energyvore ones die as fast as possible.
The efficient ones are still outright scams if not blatantly illegal. All cryptocurrencies should die. After more than a decade it's clear by now that blockchains are a useless technology and the investors are getting more and more desperate to pass the bag.
Yes, but the rest of the grid can not, except for some forms of hydro, flywheels, superconducting coils and grid scale batteries. They hydro has a fastest rate of change of about 1 minute from zero to full load and a bit slower to go back again and batteries can more-or-less match renewables for rate of change. The superconductor solution is the fastest but also the most expensive per KWh of storage.
In the time before renewables all of the rate-of-change limitations came from sudden increases or decreases in consumption, never from the supply side and this has subtle implications for the structure of the power grid and how much power companies can do to control the match between the two.
Think of it as a person walking across a rope with a balancing pole: you can overbalance for a short while because you can correct for that with the mass of the pole. But if the overbalance is too large for the mass of the pole then you will inevitably fall (brownout, blackout).
No, superconductor. Effectively an electronic version of the flywheel.
There is a company in the United States that has been making these for almost 20 years now, they are used for ride-through in hospitals and for windfarm output stabilization.
Not really, I've seen these units in the middle of the mountains sitting right next to a windfarm. About as inaccessible as it gets and yet they were there and humming along. Note that there is plenty of energy available for the refrigeration and that those units run for years unattended. Occasionally you need to top off the refrigeration gear but that's once every two years or so, a bit more involved than your average HVAC setup but not that much more involved.
You are not better than a huge GPU cluster with Monte Carlo search and computer verification for much longer.
It will be more your job to find the interesting finds than doing the work of finding things in the first olace