You don't need fancy economics to tell you that inflation is possible. Inflation is going to happen when quantum computing arrives on the scene, plain and simple.

+1

BTC <-> MP

Oh, yes, it will and here is why.

Take for example state of Georgia where minimum wage is less then $5.15. A person who earns that for living and works full-time makes about $824.00 a month. The $1000 incentive gives him a pretty good reason to quit his job. You can say that a person might keep his job after he receives the check. I highly doubt this though. In my experience, people usually choose their dignity if circumstances allow. Who would want to work a crappy job if they have money rolling in guaranteed?

Now, a person who makes minimum wage usually works somewhere maintaining a business asset (cleaning it or what have you). If a whole bunch of people leave their jobs or posts rather, a whole lot of business assets are going to be unattended losing value even faster. I hope I do not have to illustrate the connection between inflation and asset devaluation to prove to you that you're wrong.

Clearly, not a fan of fun...

A Super-Duper-Hyperinflation and consequences of thereof...

What are the plans for MOORE?

I hear the market calls for 1 BTC per.

Do not the two emails I've received from him already confirm that I am on the list?

Right... When pigs fly...

You gotta read between the lines! *doh*

Bomb news!

@fergalish, I do not know how the conversion process works. Maybe I am trying to descride it. I am going of a bunch of studies and looking to establish some sort of an idea exchange about the main 'what if' post which is 'black holes/internet(mind) are interrelated. Your feedback is appreciated a great deal...

Now, there is principle in the physics world called Landauer's erasure principle that states whenever a bit of information is erased energy is released. Well obviously if you think that general relavity is a solid theory you can agree that mass can be converted into energy. I am not sure if general relativity allows energy to convert to mass. For this argument let's say it does alike to situation with water and ice at 0 degrees. So if a black hole fullfills two functions one to erase information and two provides a setting for energy to become mass then I can see how information becomes gravity. This is probably the main reason I struggle to accept that information is preserved in a black hole. Maybe I am considering a different kind of a black hole something ala information sink. Once again I want to point you back to the article the heart of their idea is what happens to information when it enters a black hole.

@fergalish, I am actually going of the article that I linked to above. The authors are claiming that information is destroyed and gravity appears as a result of a gradient between entropies in two different places.

As far as all the posts go mobodick is closest to define how entropy and information are connected that relates.


To summarize the main article there is always an interaction going between regions of low entropy (some information) and high entropy (less information) that causes gravity to arise.

Black hole is an entity with high gravity that sucks shit in. So basically overtime the information inside a black whole would increase and rather than become a massively more gravitational singularity it would become the opposite. The accepted fact is that the more stuff goes into the black hole the more massive it becomes. So either there is not enough information information that goes in to equalize the growth or the information is destroyed on the inside.

Just to add:
The way information is destroyed in a black hole, as far as I understand it now, is.

Something enters a black hole and all the quantum information is converted into gravity.
So the following example is not applicable...


Particles as unique entities disappear. What was an electron/proton or what have you becomes gravity. So you can't go back and do "take that electron and put it back into this place". That electron is out of existence. So if you have a group of electrons that encode some information undergo a similar process. Where does the information go? (other than emerge on the internet by some mysterious process )

Also, thank you all for solid ideas!

What exactly makes you draw this conclusion? I think it is rather the opposite. Information is destroyed inside the black hole actually it is the only place where destruction can happen.

You are assuming two things. 1) you definitely need mass to store information 2) there is a limit to how much information could be stored in a given amount of mass


I was not suggesting gravity decreases because information goes up. I was only stating the fact that less mass is need to store the same amount of information and hence there is a drop in gravity per. I was trying to illustrate the point that the opposite process happen in a black holes - a black hole minimizes the amount of information to increase gravity (also conversion).

Just like a black hole I guess, which merely stores gravity? According to the article information is converted into gravity. I was using term internet as a black-box term for supermind something capable to produce information. This discussion for example is the product of the internet (our minds or what have you). So yes, internet produces information.

I think people still use term entropy just like they did in the 19 century. They did not think about it in terms of information.

I agree with this. The more entropy there is the more information.

As far as 2nd law of thermodynamics goes it only applies to classically behaving things.
When you get to quantum I think this law does not apply...

2nd law of thermodynamics hold macroscopically but it is definitely not the entire picture. I think the public is completely off the chart when they say "But wait! The laws of thermodynamics!"

Take, for example, quantum entanglement, according to this....

http://www.technologyreview.com/view/428670/entangled-particles-break-classical-law-of-thermodynamics-say-physicists/ entanglement breaks laws of thermodynamics...

Black holes are quantum entities.

For the sake of argument let's say that entropy is actually information itself, ("Hey, this egg is broken"). If its the case then black holes decrease entropy (also information) and convert it to a simple particle of gravity (graviton, Higgs, what have you). I think it is an established thing that the more stuff goes in the more pull a black hole has.

What do you mean? The change itself is new information of sort "Hey, this is what changed!"

Nice, thanks for sharing!