One of the biggest challenges for nuclear fission is economic: New plants take years to build and cost billions of dollars. A number of factors contribute to nuclear fission’s economic challenges, which have only increased over the past few decades. In addition to the obvious capital costs, onerous regulations stretch out the development times for ... See more
A good example of the latter type of decentralization is Bitcoin. Other than the consensus protocol itself, there are no formal governance rules existing among mining nodes, non-mining nodes, users, exchanges and core developers, but these groups all have different kinds of influence over Bitcoin and essentially govern Bitcoin on an emergent basis ... See more
The power of large numbers is significant. If you earned $1,000 a day every day, it would take 1,000 days (or just under 3 years) to earn $1M. But it would take 1,000,000 days to earn $1B (over 2,700 years).
"Most people are other people. Their thoughts are someone else’s opinions, their lives a mimicry, their passions a quotation.”
— Oscar Wilde
But the outlook of these young people can't be explained by economics and global events alone. It must also have something to do with the way they were raised. As the University of Michigan time-analysis data show, this is a group whose members have spent the bulk of their lives in structured, adult-organized activities. They are the most honed and... See more