Adam ( @AdameMedia ) This is an exellent example of people with little understan

Adam (
@AdameMedia
)
This is an exellent example of people with little understanding of economic foundations failing to grasp the ‘science’ behind their observations.
1) All Capital is a store of time.
2) All Credit and Debt are a trade of time.
3) All Contracts of credit and debt (promises) are agreements over presumed (theoretical) returns on time.
4) All stock prices constitute anticipated but unrealized returns on time.
5) All modernity is predicated on this speculation of returns on time.

There is nothing illogical, foolish, or nefarious about speculating returns on time. The mistake you are making is confusing temporal asset of currency with the inter temporal asset of shared hypotheses of the potential returns on time

The fact that we use dollars to provide commensurability between two different things is no different from using numbers to compare lengthens or weights or volumes of two different things.

Doing so is s a cognitive crutch for natural limitations of our human brains.

‘AS FOR THE POTENTIAL’

The truth is you and the author of the original post are simply wrong. I know so because we have already solved hallucination and determinism problems, and my organization has solved truth ethics and possibility. That means the only remaining technical problem is episodic memory for indexing and prediction.After that all ai improvements are simply matters of learning recursively – which is something all of us know how to do. And after that it’s a matter of waiting for neuromorphic hardware instead of compression through matrix mathematics – a solution that will collapse the power consumption issue but is still two decades away (estimated).

AS FOR THE INCENTIVE
Given the spectrum of incentives which will be as big a leap as the Industrial Revolution, it is logical to pursue the investment just as it was the space program and the settlement of the west.

There is nothing odd or extreme or irrational here.