Don‘t be afraid. #AI is neither sentient nor #conscious. Rather, it is a natural language interface to a compressed database of humanity‘s #knowledge. #grownostr

Generated via #AI using DreamStudio and prompt #bitcoin in space in 10 seconds. Unbelievable #technology #grownostr

Your path to happiness? Salvation from childhood wounds or contribution to what goes beyond your ephemeral existence. Choose both for true happiness! #grownostr #happiness #philosophy

God, grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference. -Reinhold Niebuhr

Insightful interview with #[0]​. Increase of the #debt ceiling will temporarily withdraw liquidity via replenishment of the treasury general account. #investor beware. #grownostr

The key to #happiness is continuous work on your ability to channel energy towards your #goals. #grownostr

In the case of disruptive #technology such as #AI, the new entrant has an advantage over the incumbent as he has much to gain and little to lose. #Schumpeter #economics #grownostr

Prices always fall to the marginal cost of production. Regulation can slow down but not stop this process. #Schumpeter #technology #deflation

The level of impact #AI has on your profession is a function of its current reliance on highly-skilled #labor as an input factor.

The best way to prepare for an #AI world is knowing how to use it.

Mind-blowing interview of Jordan Peterson with scientist Brian Roemmele: Key points: Future application of #ChatGPT: The primary innovation of ChatGPT is its function as a reasoning engine. In its current implementation this is bundled with a predefined dataset, i.e. information until 2021 that is openly acessible via the Internet. Additionally, it lacks privacy. The future killer application in a corporate context will likely be "private AI based on a configurable dataset" so that one can control the dataset that the reasoning engine is applied upon while ensuring #privacy. Ultimately, this leads to the merge of the human with the AI creating a #cyborg. #Immortality and #learning: With upcoming memory technology, it is imaginable to encode all visual and textual information that a human is exposed to in his lifetime. Conversing via #AI based on this dataset would feel like a having a conversation with this actual human being. By extending the model of the self with a model of the to-be-learned, AI could become a mentoring companion to every human. Efficient interaction: ChatGPT's statements are sometimes ambiguous and evasive. In order to efficiently work with the system, you have to address the question from different angles. Intelligent engineering of prompts is key. ChatGPT allows you to toss around an idea in a human-like interaction while it is still in a nebulous state. #Threat of AI: The dystopian view of AI is that has the potential to logically foresee all of a human's potential actions and calculate countermeasures within seconds. It is the technological foundation of a big brother worse than the one imagined in Orwell‘s in #1984. On top of this, time is only finite for humans, not for machines. The battle will be faught over the data and metadata that defines you as a person as this is the base information for exerting control over you. #grownostr

If want to learn about the drivers of the conflict with #Russia and the forces behind #dedollarization, check out this interview Key points The #dollar as the world’s reserve #currency has hollowed out the US industrial base to the point where it poses a national security threat. It is increasingly becoming Washington‘s objective to move towards a neutral reserve asset. This position has gained momentum against the traditional position that the dollar‘s position must be upheld in order to ensure US dominance. Seizing of Russian dollar reserves in 2022 might not have been a panic action but a deliberate step to weaken the reserve status of the US dollar. (min 3:52) Under the assumption that non-Western nations (China, Russia, etc.) continue to buy #gold rather than US treasuries as reserves the #FED has two possibilities: (1) It maintains its hawkish approach leading to further rise in interest rate and deflation. This leads to a strong dollar but default of the government on its debt. (min 17:48) (2) The FED yields and monetizes government debt leading to inflation and a weaker dollar. (min 20:25) In the context of internal political politics outcome (2) is highly likely in the mid to long-term. The Russia-Ukraine war should be considered as a proxy war in the context of Russia making a move out of the unipolar dollar world multi currency world into a multi-polar world in which gold will play a predominant role. To work around #sanctions #oil exports are increasingly settled in gold. The gold price can no longer be suppressed and rises. (min 34:20) The way for the US to resist this is to create a depression to reduce demand for oil to weaken the resource-driven opponent. The group of resource-driven, however, is growing in the form of the #BRICS alliance. (min 38:30) #grownostr

If are into deep and entertaining insights into the #economy and #prosperity, this entertaining interview with economics legend Arthur Laffer will blow your mind: Take-aways: min 3:00: 1-year bond rate minus inflation is a great indicator of a nation’s economic progress. Judging by this indicator the US, Europe and soon even in China are in secular decline. min 7:45: To reignite prosperity the socioeconomic system must be set up for (1) lowest possible tax rate on the broadest possible tax base (2) government spending in areas where it has the highest return for the desired outcome (3) sound money (4) focused minimal regulation (5) free trade. Again, the US is on a downward slope with on all five. min 37:30: Government transfer payments lead to less economic activity both at the giving and the receiving end thus reducing total income. Forcing absolute income equality will lead to no income whatsoever because there will be no more incentive to economic activity. #grownostr and #hodl #bitcoin

Property is the combination of physical possession with intellectually abstracted ownership. Since the beginning of civilization fragile and sometimes even threatening social constructs regulated the two. Now - for the first time in human history - #bitcoin in #self-custody allows the individual to become #sovereign.

Steak is great! #grownostr #carnivore

travel is great. An expression of freedom. #grownostr

Remnants of the fast breeder power plant project „Kalkar“ on the Rhine. Project abandoned in 1991 just before becoming operational - now a theme park. Early symbol of a former European industrial powerhouse dismantling itself. #grownostr #energy #nuclear