So you covert your bitcoin to dollars. You use dollars. You are not on a bitcoin standard…by your criteria at least

Gm.

The human brain runs on something like 20 watts of power. Less than a lightbulb. How many calculations it can do per second is partially unknown, but based on various estimates over the years the processing power is generally believed to be something like one exaflop per second. Some estimates are lower in the petaflops, while others are some orders of magnitude higher. Obviously “software” matters too, not just raw processing ability. The programming of the processor ensures that the processing capability is used efficiently rather than wasted.

The top superconductors crossed the exaflop level within the past few years. However, they run on like 20 megawatts of power; a million times more power than the human brain. They’re extremely large and energy intensive.

As a result, datacenter processing capability reaches something akin to the processing capability of a human brain well before that level of ability can be installed in a human-sized robot with similar energy consumption levels as a human.

Now, robots can offload some of their processing to datacenters, but still at a relatively high cost per calculation for a while, and at the general bandwidth limit of whatever the best wireless rate is in a region at any given time.

For some calculation types, of course computers passed humans long ago. A basic math calculator, for example, beats the best humans at calculating mathematical formulas. But when we talk about human brain “calculations” what it means is that the brain is taking in enormous amounts of information (all five senses at high fidelity, plus other indirect senses like acceleration/balance and other inputs), calculating it to make sense of it, calculating all sorts of things to interact with the environment, and simultaneously running the processes related to sapient thought and general problem solving.

As a result, it’s far easier to get a robot to work on an assembly line more efficiently than a human, or to calculate an insane number of protein folding tests, and things like that, than it is for a robot to be able to operate as effectively as a human in the real world with countless unexpected hazards.

For example, imagine a hypothetical robot handyman. It can drive out to your house and fix any residential electrical, plumbing, or hvac issue, or help with various miscellaneous things (fix drywall, get something out of a tree, carry stuff out of your attic, etc), and then drive back to the station. This is a shockingly hard problem. First they need extremely advanced mechanical bodies. Second they need processors strong enough and cheap enough to safely operate in 3D space with all sorts of unexpected things happening around them (compared to a highly controlled manufacturing floor), now all of these skills, and interact with language.

So, AI can start helping us offload certain types of white collar remote work and expand medical breakthroughs before it can replace human level in-field skilled physical labor. And it can start helping with specific in-field tasks that require less programming, like a robot dog or robot butler to watch your property or come with the owner around town, listen to owner commands and carry some of them out, and follow basic rules when left alone, well before it can fully replace a human for many in-field things.

Anyway, that’s a general framework or napkin math to help think through the order of impacts that AI can have as it goes up orders of magnitude in power and efficiency in the coming years.

You pay US federal taxes with bitcoin? Can you walk me through that process?

Oh…I also get sats back on everything I do with fold… 🤷‍♂️

How do you pay your taxes?

I get the pov, also not arguing, I just don't think the math maths

like mallers said, the idea is rolling debt so u don't have taxes or have to own dollars but I don't see that product yet

for now I'll risk not having gains on a few thousand dollars a month

Semantics

Then I got super disillusioned when I had to set up a credit union account to get a large cashiers check. We need a real Bitcoin “bank”

I get that. but paying taxes on things I've held for 6 years to cover gains on few thousand dollars I'm going to spend next week anyway doesn't add up

yes but I have the long term gains without taxing now ...

Yes

No, it helps me stay on budget and increase my savings

1 no

2 no. Because it's not really an option for now. I could. But I would have to endure a tax event every time I buy something if the fiat value of the BTC is up, which it is by a lot!

So, if I don't want to part with my BTC for no reason, I have no choice but to wait for legislation to change or to go to a more crypto-friendly place, which is not in the family plans for now.

But bonus question, do you want to?

Hell yes! I can't wait! ☺️

1. Yes, fully on bitcoin standard, no fiat in our family- account done in sats and bills paid from bitcoin stack.

2. Only wish we had made the change sooner- Once you change the UOE to sats, everything gets so much easier.

1. Depends on the definition. I get paid in USD. I keep a short cash runway (roughly 1 month).

2. No. I might have answered different when I had to sell when bitcoin was 17k and work was slow. But I’ve come out way ahead and learned some lessons.

Not quite, I have about 1.5 months of expenses in dollars. I feel like the math of cap gains taxes on long term gains doesn't make sense if I can keep a little float. maybe wrong though.

It would be great to be on a ₿ standard and using Strike bill pay. My concern is if my paycheck went to 100% into ₿, any correction or dip wouldn’t cover my mortgage. This strategy will work nice in the bull run but what happens if ₿ does continue a 4 year cycle pullback of 50-80%? I plan to store as much as possible in ₿ until I can make direct payments in ₿ to my mortgage lender. It might take ten years but we’ll get there eventually.

Yes, no regrets

Zero fiat is the way