A Bit Coin is mined every ten minutes. When the rate of new demand for bitcoin falls below the time (cost) to mine a new one, the price drops. A bitcoin miner will have to recover costs, and will have to sell for whatever they can get. Simple supply and demand economics. The cost of a bitcoin has dropped, and is hovering around the price in 2024. There is still a premium between the cost to produce a bitcoin and the cost of a bitcoin, but it is shrinking. The one thing that is keeping the price up is that now only major players can afford the hardware and energy to mine them economically, the casual player has been locked out. Moore’s Law states that it will not be long before Bitcoin mining once again becomes possible for the casual miner. That point is not long in coming. When that happens, the supply will far outstrip the demand. The market becomes flooded and uncontrolled.

AI is brute force computing. It does the same thing, repeatedly, over and over, but not in typical computations. It’s brute force strength is in pattern recognition. AI does not have to compute every combination, it just has to recognize the pattern.

At the turn of the century, 64 bit codes were common. In the 1980’s, they were considered unbreakable. It is those codes that ASIC processors and GPU’s can break with impunity. With Moore’s law, definitely within twenty years 128 bit encryption will also fall. In point of fact, the hardware in the AI and ASIC server farms of today will be obsolete in five years.

If you know what pattern you are looking for (you know the text) finding the encryption key is just pattern recognition. You don’t need to compute the encryption code, you just need to match it. As I stated, generating the pattern is not the problem, determining which pattern is the correct one is the conundrum. A GPU has no problem in recognizing and generating the pattern. That is why computer games have become so blazingly fast. But unless you know the password, you have nothing to compare the pattern to. And if you know the password, you do not need to find it. Thus recognizing text is not the problem but recognizing an unknown password is. That is, if you know what you are looking for, AI can find it fast.

AI IS brute forcing. AI uses graphic processors, that are designed to handle an entire screen full of pixels at one go. There is really nothing magical about them, except the new moniker AI. They have been around for decades. What is new is the applications they are being applied to.

Actually, modern crypto is now completely dependent on these (ASIC) processors to come up with the encryption codes in the first place, so if ASCI can create the codes, ASCI can decrypt them. The codes that experts previously thought would take years of computer time to decode, ASCI processors are doing it in hours. The token behind crypto currency that formerly took weeks of computing time to mine, can now be generated in hours if not minutes by an ASCI processor server farm. That means these crypto tokens now cost a fraction of what they did just a year ago. Yes that means the bottom will soon fall out of the crypto market.

Actually, AI has a lot better chance of breaking encryption. An AI server farm can essentially run every possible combination of encryption codes in minutes, because it can run millions of combinations at one cycle. The current problem is to decide which of those millions of possibilities is the one that makes sense. If it is a message, not so hard. If it is a password, anyone’s guess.

“Quantum will shape the next generation of defence capabilities, and Canada must be prepared to lead—not follow,” says David J. McGuinty, Canadian Minister of National Defence. “Through the Quantum Defence Innovation Secure Hub, we’re bringing together Canadian researchers, innovators, industry, and government to accelerate Made-in-Canada quantum technologies into mission-ready capabilities that strengthen the operational advantage of the Canadian Armed Forces while growing Canada’s sovereign defence industrial base.”

Why does that read so-o-oo much like a sales pitch by a snake oil salesman?

Car insurance is mandatory in China, and includes liability.

I have been following the comments, and there is a clear common denominator - empathy vs democracy. A few comments on that.

First, the nature of the adversarial I-win-you-lose winner take all system of ‘democratic’ government common in the West is completely antithetical to empathy. In order to beat your opponent, the last thing you can be towards them and their followers is empathic. The goal is to totally destroy them. American politics more so than Canadian. But as the sides become more and more polarized, all vestiges of empathy are eliminated. Yet I think of Jack Layton, and the Orange Sweep of federal politics. That was really the last hurrah for empathy in our democratic process in Canada. Why did it die with him? Why did it not survive and prosper after his death?

Second, with the rise of ‘profit at all costs’ in corporate America, thanks to Friedman and his Nobel prize, it is seen as the duty of board members to put maximizing profit above all other considerations, including empathy and social responsibility.

But it all feeds directly from the adversarial nature of our Western society in general. In our court system, in our sports model, in our University admissions policies, in our structure of labour unions, even in our concept of the ‘economic class’ system, it is all about pitting one side against another, or the individual against the competitors. When winning by ensuring the other side loses becomes the over-riding goal, empathy takes the back seat.

It all comes down to the difference between the zero sum philosophy of our Western culture, where the goal is to strengthen your side by weakening the other side, vs a win-win philosophy, where the goal is for both sides to get stronger, that is more predominant in socialist cultures. In the first case, empathy is a direct detriment and is to be avoided at all costs. The very last thing one considers in such a system is the well being of the other side, when the goal is to weaken them. In the second case, empathy is a fundamental prerequisite. In order to ensure both sides come out ahead, it is necessary to fully consider the well being of the other person, because the goal is to strengthen them as well as yourself.

if someone hits you with their car by accident, they’ll stop and run you over to finish you off,

That is a deliberate condemnation of the Chinese peoples themselves. That is not an ideological statement, that is a statement clearly portraying the Chinese as homicidal maniacs who have no more moral scruples but to ‘finish you off’ for their own gain if you were hurt. It is a targeted racist ‘joke’. That is not ‘too sophisticated’. it is blatant.

You are not criticizing the county, you are typecasting and criticizing the people of that country. And you are criticizing them because they are Chinese. Your comment was aimed at all Chinese citizens in China, typecasting them as all behaving in the same derogatory fashion, because they are Chinese. You obviously consider all Chinese citizens in China as inhumane murderers who put their own interests above the sanctity of a human life. Really? Every person in China would kill an innocent victim by running over them again and again to make sure they are dead? Exactly what is that supposed to say about a Chinese person? Your comment was nothing more than a typical racist joke. Does your racist ‘joke’ have anything to do with your display moniker?

Yes I would also call someone an anti-Semite who says ‘All Jews want to exterminate the Palestinians just because Jews hate Palestinians’ just as I would call an Israeli or anyone else racist for saying ‘The only good Palestinian is a dead Palestinian’.

I am talking about a healthy economy with full time high wage jobs for those who want them, and low wage casual employment for those who want this type of employment. A functioning economy requires both, in order for everything to be affordable. If every job is high wage, then the cost of living becomes so extreme the high wage earners are actually in poverty because even with the high wage they cannot afford what they need. Inflation always balances out everything.

Because to a second income earner, those three jobs mean two more are employed. Obviously, there are a lot of people that are quite relieved that they got a job, period. Those full time income earners are, well, greedy and entitled when they deny the other three workers their job. What is ‘good’ and ‘bad’ is entirely relative to which side of the income divide you are on. “I am entitled, so I have a right to a full time job over those three people who are happy with a part-time job.”

But note those jobs were split between full time and part time, so both sectors were covered. People who want part time casual were employed, and those who wanted full time were also employed.

I brought up ‘immigrant labour’ because that is the population that was showing growth in Canada until the federal government changed the rules. It is definitely NOT ‘out of nowhere’, it is a major factor in Canada’s employment statistics. The reason why the government clamped down on foreign temporary workers was exactly because of what I said. Those part-time and low-wage jobs have to be filled by someone, or the economy fails. Paying a burgher flipper $60,000 a year means the burgher costs $30, which is non-sustainable so the result is far fewer jobs overall, less disposable income, and even fewer jobs. Inflation eventually balances out everything The trick is to provide enough well-paying jobs for those who need and want them, but at the same time having enough workers who just want and need a casual income and the jobs to cover them. That is a healthy economy. Enough jobs with a living income for those who need it, enough jobs to provide a casual income for those who’s income is supplemental.

Demanding that all jobs be high wage full time unfairly leaves out a good segment of the population that just want a casual income. There has to e a balance. All jobs high wage full time or all jobs low wage casual are both symptoms of an unhealthy economy.

So if you do not like their ideology, you get a free pass to be racist?

Racism is where you blatantly paint an entire race pejoratively, spreading factually false stereotypes just because of their race.

For those who are wondering, the valid word ‘inanity’ actually works in context better than ‘insanity’.

Or maybe we would be wearing the shirt that helped twice as many people as there are Americans out of poverty in one country - the socialist system of China. China actually has a system of democracy that scales perfectly, unlike the American system that flounders at scale.

Ahh, yes. If an immigrant takes the low-paying job, he is taking a job from a Canadian. If a Canadian takes the same job, it is a disgrace and shouldn’t count because it is so low paying.

You can’t make ends meet if you are single-income and minimum wage, but it sure helps the family budget if the minimum wage job is a second income.

You have a very valid point. In 1970, the American population was just over 180 million. Today it is almost double that. It would not be a stretch to posit that American empathy at the voting booth has decreased over progressive US Presidents since then, as the population increased.

It is also interesting to note that empathy in Canada (a much smaller population) at the voting booth has historically been and is still a lot stronger than it is in America.

But I would also suggest that democracy in general weakens the larger the voting population becomes, and it would be fair to say that democracy does not scale.

More than likely they thought this would have been the cheaper way out, but it was also fanned by the Fear of Missing Out groundless hype. That left them vulnerable to the Snake Oil salesmen looking for an easy victim.

Same lack of Due Diligence as the dot.com era. The problem is that due diligence requires an understanding of the technology and there has been a complete lack of understanding about AI. What replaced due diligence is Fear of Missing Out, fanned by the groundless hype .

A yes, You finally reveal your true colors, your true intention. Beam me up, Scotty, no sign of intelligent discourse around here. Just more insults and trash talk.

Across the border, America sheds jobs. The best news our trade negotiators could get. American tariffs are hurting Americans far worse that Canadians.

https://globalnews.ca/news/12012909/us-jobs-report-july-2026/