BigTom
Well-Known Member
Probably a good plan! It's not really a tangent we need to head off down, lol.I'll resist going off on one about the limits of Popperian falsifiability.I get what you mean.
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I’m going to back Tom up with some further thoughts.
The scientific epistemology belongs to a wider positivism that derives from a realist ontology. It’s an incredibly useful way of deriving information about the world but scientists make a huge mistake if they fall into believing it is the only way or even the “correct“ way. The scientific method requires you to be able to measure something and then compare that measurement consistently and objectively over time. Anything that is contextual or based on subjective interpretation does not fall into this category of objective measurability. Worse, to identify the things that are measurable requires the scientist to create an object of study, but the creation of this object is itself a contextual and subjective process, which can potentially undermine the very objectivity that the method relies on. And this is where the cryptobro STEM cultists fail to understand the limitations of what they are doing. The knowledge they are ignoring that the social sciences are seeking to understand is the very essence of real-world economic systems. Ignore it and you ignore how human systems work in practice.
The scientific epistemology belongs to a wider positivism that derives from a realist ontology. It’s an incredibly useful way of deriving information about the world but scientists make a huge mistake if they fall into believing it is the only way or even the “correct“ way. The scientific method requires you to be able to measure something and then compare that measurement consistently and objectively over time. Anything that is contextual or based on subjective interpretation does not fall into this category of objective measurability. Worse, to identify the things that are measurable requires the scientist to create an object of study, but the creation of this object is itself a contextual and subjective process, which can potentially undermine the very objectivity that the method relies on. And this is where the cryptobro STEM cultists fail to understand the limitations of what they are doing. The knowledge they are ignoring that the social sciences are seeking to understand is the very essence of real-world economic systems. Ignore it and you ignore how human systems work in practice.
littlebabyjesus
one of Maxwell's demons
Gonna have to resist another tangent there, I think. I would argue that contextual or subjective interpretations are not incompatible with a realist ontology. But yes, you can't ignore the 'human' bit of human systems.
I'd give an analogy from AI. The AI engineers who play with neural networks treat the nodes essentially as 'black boxes'. There is varying strength between the connections, and that's it. That's great, and amazing things have been achieved that way, but it's not how brains work. Neurons are not black boxes and complex changes constantly take place within them as well as between them.
I would argue that contextual or subjective interpretations are not incompatible with a realist ontology. But yes, you can't ignore the 'human' bit of human systems.I'd give an analogy from AI. The AI engineers who play with neural networks treat the nodes essentially as 'black boxes'. There is varying strength between the connections, and that's it. That's great, and amazing things have been achieved that way, but it's not how brains work. Neurons are not black boxes and complex changes constantly take place within them as well as between them.
… but they are incompatible with a natural scientific epistemology, which is all based on reproducibility and consistency of measurement.Gonna have to resist another tangent there, I think.
littlebabyjesus
one of Maxwell's demons
Yes and no. We're kind of back to the limits of Popperian methods. Palaeontologists can't reproduce evolution, but that doesn't mean what they're doing isn't science. Another example I'd give would be quantum decoherence, an idea that has proved very useful, but was initially introduced by someone thinking through the many worlds interpretation of quantum physics, which is possibly the ultimate in untestable theories.
Supine
Newt Member
As you know all science fields need to deal with experimental error. Some, subjectively, more than others. It’s not key to crypto currency though, with this we are dealing with something that is fatally flawed as a fundamental system (imho) and extremely environmentally unfriendly as well, which should make is ethically something to avoid.
The whole concept of “experimental error” is based on the idea that there is an objective perspective outside of the human that comprises the “true” reality from which the error diverges.
And that’s fine but it doesn’t apply to, for example, how people feel. And when it comes to economics, it doesn’t apply to how people perceive their social interconnectedness, on which all value is based. You can’t understand economic systems from a context-free objective perspective. It’s like the old saying that economics is the weaponisation of politics. That’s not reducible to a positivist paradigm.
NoXion
Craicy the Squirrel
But microbiologists certainly can.
beesonthewhatnow
going deaf for a living
Founders of $10 Billion Crypto Hedge Fund Have ‘Ghosted’ After Bets Go Bad
Three Arrows Capital, founded by two high school friends, is MIA as firms scramble to assess the damage amid indications the fund has been wiped out.
www.vice.com
More lol from the magic money that definitely isn’t a scam world.
Monkeygrinder's Organ
Dodgy geezer swilling vapid lager
Founders of $10 Billion Crypto Hedge Fund Have ‘Ghosted’ After Bets Go Bad
Three Arrows Capital, founded by two high school friends, is MIA as firms scramble to assess the damage amid indications the fund has been wiped out.
More lol from the magic money that definitely isn’t a scam world.
The existence of crypto hedge funds really shows how crypto has managed to create a different environment from that nasty fiat stuff doesn't it. Brave new world.
“For a moment he felt good about this. A moment or two later he felt bad about feeling good about it. Then he felt good about feeling bad about feeling good about it and satisfied, drove on into the night.”It's just fallen through $20k
There needs to be a schadenfreude icon. I know schadenfreude is wrong, but I think Crytpo should be the exception
― Douglas Adams, So Long, and Thanks for All the Fish
This ought to have gone into The Meaning of Liff.
Bitcoin price collapses even further through milestone
The price of bitcoin has fallen through $20,000, marking an important milestone in the ongoing collapse of cryptocurrency.
www.independent.co.uk
BigTom
Well-Known Member
I think you'll find that 1BTC still equals 1BTC, no value has been gained or lost, obviously. You just don't understand.
NoXion
Craicy the Squirrel
It's just fallen through $20k
There needs to be a schadenfreude icon. I know schadenfreude is wrong, but I think Crytpo should be the exception
Schaudenfreude is wrong? News to me.
Storm Fox
Trying the find the next noun to verb
Well in this case there are going a lot of people caught up in the hype, and have tried to use it to get a little head. But for the Whales, it's very funny.
littlebabyjesus
one of Maxwell's demons
Saw figures saying that the hashrate was down around 5% last week. Hopefully it is now falling a bit more rapidly. It does appear that some of the less efficient mining is now being scaled back a bit. That's an excellent real-world effect of the latest falls.
I'm not getting too excited just yet in terms of the deeper significance of this, though. Bitcoin is still worth twice as much as it was worth in June 2020.
There is a long way to go. However, it is becoming increasingly clear that a bunch of people and institutions that you would have thought would know better are getting burned right now. When the bigger idiot is a pension fund, you know things have got very, very silly.
I'm not getting too excited just yet in terms of the deeper significance of this, though. Bitcoin is still worth twice as much as it was worth in June 2020.
There is a long way to go. However, it is becoming increasingly clear that a bunch of people and institutions that you would have thought would know better are getting burned right now. When the bigger idiot is a pension fund, you know things have got very, very silly.
beesonthewhatnow
going deaf for a living
Bitcoin now at just over £15K and falling.
So stable. Much currency.
So stable. Much currency.
Storm Fox
Trying the find the next noun to verb
Storm Fox
Trying the find the next noun to verb
It's just dropped past £15k that's a 10% drop on the day.
SpineyNorman
Inappropriate content removed
It's still worth one bitcoin though. You lot are just too fiat centric and human supremacist or something.
Numbers
an ting!
Below 15k now.
Even this hides the fact that the £ has lost ground to the $. In the exchange rate that matters — BTC to $ — it looks even worse. As I speak, 1 BTC is now $18,269. At its peak, it was $68,789, which means it has lost an astonishing 75%-ish of its value in less than a year.
q_w_e_r_t_y
You see an investment scam and I see divinity
This has been the most amazing week in crypto that I've ever experienced.
Luna down
Celcius down
3AC down
tether teetering
Coinbase layoffs
Potential mining rig selloff.
This isnt over yet I dont think, there are massive liquidations at $16k, and even more at $14k.
I am just glad that bitcoin always holds its value steady at 1btc.
Luna down
Celcius down
3AC down
tether teetering
Coinbase layoffs
Potential mining rig selloff.
This isnt over yet I dont think, there are massive liquidations at $16k, and even more at $14k.
I am just glad that bitcoin always holds its value steady at 1btc.
mod
A modernist
Which charts are you looking at? $18k is the lowest I’m seeing.
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