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The wealth-building thread

ps... the only people I know who think a self driving Tesla would be safe are non-programers. Ignorance is bliss.
The thing is - safety is relative. And meat-ware drivers are absolutely terrible. It is not a high bar to make a robot driver safer than a person.

I don't know the relative injuries per mile comparing robot drivers with human ones. The technology may, or may not be there yet, but if not, then it will be. Robots will be so much safer that it is not massively far off that actually driving the car yourself on public roads will become illegal.
 
The thing is - safety is relative. And meat-ware drivers are absolutely terrible. It is not a high bar to make a robot driver safer than a person.

I don't know the relative injuries per mile comparing robot drivers with human ones. The technology may, or may not be there yet, but if not, then it will be. Robots will be so much safer that it is not massively far off that actually driving the car yourself on public roads will become illegal.

That's crazy. No one factors in all the extra tech that is required for robots to drive a vehicle on the open road and the wear that occurs on it due to the high heat. Hardware failure will be a huge crash cause even more than software issues. In addition, the ability to hack a vehicle will always be an issue. I would prefer to have the steering and brakes at my control.

When robot drivers fail they fail BIG. Killing pedestrians and bike riders not to mention their own driver and passengers. Waymo was stopped from testing in Arizona due to running over people. Even when the car fails without casualty it sits in the road and takes a long time to be moved as no one is inside to report the failure or move the car off the road.

Robot drivers on the open road are a disaster waiting to happen. They will always require a driver on standby to backup the horrific disasters they can cause. Even when there is a backup driver they get lulled into not paying attention because it works much of the time. So when a robot error causes a crash they usually aren't ready to intervene. It's a formula for disaster.
 
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When robot drivers fail they fail BIG. Killing pedestrians and bike riders not to mention their own driver and passengers
So, exactly like people. :)

Like I say - the tech may not be there yet. But it will be. And when that time comes, though you may feel safer to have your fate (literally) in your own hands, in reality you'll be very much less safe.
 
At the end of 22 months, that $3360 would have grown to $4385.43, and you wouldn't need to seek out 0% financing deals (they can be kinda sketchy IME). This is the power of compound interest!
But then you need to wait 22 months to get the thing you want, which might be a problem if you need it right now.
 
That's crazy. No one factors in all the extra tech that is required for robots to drive a vehicle on the open road and the wear that occurs on it due to the high heat. Hardware failure will be a huge crash cause even more than software issues. In addition, the ability to hack a vehicle will always be an issue. I would prefer to have the steering and brakes at my control.

When robot drivers fail they fail BIG. Killing pedestrians and bike riders not to mention their own driver and passengers. Waymo was stopped from testing in Arizona due to running over people. Even when the car fails without casualty it sits in the road and takes a long time to be moved as no one is inside to report the failure or move the car off the road.

Robot drivers on the open road are a disaster waiting to happen. They will always require a driver on standby to backup the horrific disasters they can cause. Even when there is a backup driver they get lulled into not paying attention because it works much of the time. So when a robot error causes a crash they usually aren't ready to intervene. It's a formula for disaster.
People have software failures more than hardware failures. They drink, drug, have their mind on work, spousal disagreement, kids, are just generally stressed, get tired, lack sleep are in a hurry etc while driving. Robots won't have any of these issues.
 
But then you need to wait 22 months to get the thing you want, which might be a problem if you need it right now.
When we're talking about home audio, there's no such thing as "need it now".
 
People have software failures more than hardware failures. They drink, drug, have their mind on work, spousal disagreement, kids, are just generally stressed, get tired, lack sleep are in a hurry etc while driving. Robots won't have any of these issues.
Are incapable of focussing properly on more than one task at once. Easily distracted by all sorts of stuff. Attention wanders. Reaction times are (by comparison) pathetic. Struggle to see at night, have "body spasm" events (cough, sneeze etc). Show off to thier mates. Vastly overestimate their capability to drive like racing drivers and so on... and on and on.

Not much of a surprise at the amount of carnage out on the roads.
 
When we're talking about home audio, there's no such thing as "need it now".
But then what timeline do you use? Because if you waited just a couple more years, you could get even more return on your investment.
 
The number of Tesla recalls is mind boggling. Can't imagine ever wanting a car that weighs so much the tires wear out in 2 years, where insurance is 50-100% more, loses it's value faster than just about any other car or where the recall list is so crazy high. I prefer a well maintained 20 year old vehicle with as few gadgets as possible and low mileage.

 
Therein lies the problem: The more I appreciate the power of compounding interest, the harder it becomes for me to spend money. :p

You might want to spend some of that money. Have some fun! With Antarctica temps 50F higher than normal things could get interesting quicker than anyone imagines. If the polar ice melts and drains into the sea the world changes a lot.

Many large, famous cities would disappear under the rising seas. In Europe—Copenhagen, Amsterdam, Venice, Riga, Lisbon, and even London, to name a few.

The situation wouldn’t be any better on the other side of the Atlantic Ocean; it might even be worse! Florida would be no more. Most of the Eastern Coast of the United States would also disappear under the sea, including Boston, New York, Washington, D.C., and New Orleans. LOTS of people would be looking for a new place to live and their belongings under water. Look at the map. If you are not in an under water area that's best, but we will all be impacted by the financial loss and world markets in crazy turmoil.


No one will believe this could be real until they are in the middle of dealing with it.
 
The number of Tesla recalls is mind boggling. Can't imagine ever wanting a car that weighs so much the tires wear out in 2 years, where insurance is 50-100% more, loses it's value faster than just about any other car or where the recall list is so crazy high. I prefer a well maintained 20 year old vehicle with as few gadgets as possible and low mileage.
Not to mention, Elon Musk is an utter dick, and I wouldn't spend £0.50 on a bar of chocolate if the money was heading his way.

And the article I read recently suggesting he has seriously fucked up by relying on cameras only, rather than including Lidar for the machine vision subsystems.

But Tesla aren't the only org working on driverless vehicles - and I remain confident in my (carefully non time framed) prediction :)
 
The number of Tesla recalls is mind boggling. Can't imagine ever wanting a car that weighs so much the tires wear out in 2 years, where insurance is 50-100% more, loses it's value faster than just about any other car or where the recall list is so crazy high. I prefer a well maintained 20 year old vehicle with as few gadgets as possible and low mileage.

What's low mileage on a 20 year old vehicle? I don't believe they are too easy to find. The EV thing is not going the way government regulators would like. It started with Ford Mach-E's piling up on dealer lots. Last year Ford lost $4 billion on EV's. Lucid went broke abandoning its customer base. Battery factories are being canceled and across the auto industry EV production plans are being scaled back and replaced with non plug-in hybrids. One battery maker is switching from automotive to stationary power storage products. You mentioned a few of the problems. Lack of a public charging infrastructure is often cited. What happens when the regulations require that more EV's be sold than what consumers want to buy?
 
What's low mileage on a 20 year old vehicle?
My 2003 has 60,000 miles and the vehicle was garaged when not in use.

Hybrids make sense but there are many more parts that can fail on these gadgets. EV might work eventually if they can drop the weight, charging time is less than 5 minutes and refill stations are on every corner. EV's are the key cause for electric Kilowatt rates jumping higher in the USA in the last 2 years. What you really want is a car that can charge itself via solar instead of switching out gas bills for higher electric rates.
 
You might want to spend some of that money. Have some fun!
I wouldn't say that "I've arrived" (yet!), but I've had some luck, made some good decisions, and made fewer and smaller stupid ones. I've also had some good role models, but you won't find them on social media showing off their latest toys.

Lately, I've spent more money than strictly necessary on: Bedding, soap, fresh produce, tea, books, magazines, and as of last week, car maintenance. Am in no rush to discover shinier things to buy: Goodness knows I'm surrounded by people who seem to love buying More of Everything. But one thing they don't seem to have is the freedom to do whatever they want to do, whenever they want to do it, for as long as they want to do it.
 
My 2003 has 60,000 miles and the vehicle was garaged when not in use.

Hybrids make sense but there are many more parts that can fail on these gadgets. EV might work eventually if they can drop the weight, charging time is less than 5 minutes and refill stations are on every corner. EV's are the key cause for electric Kilowatt rates jumping higher in the USA in the last 2 years. What you really want is a car that can charge itself via solar instead of switching out gas bills for higher electric rates.
Hybrids are a product of a regulatory regime. I haven't seen any studies on total cost of ownership as compared to ICE cars but consumers want them which is a completely different situation from EV's. Increases in electric rates are also due to data center consumption including crypto mining. Electric rates are also rising due to regulatory action. Highly subsidized wind and solar make building new dispatch-able fossil fuel generation unprofitable. When the sun goes down demand is at a peak which causes wholesale rates to spike.

Lower weight (higher energy density), faster charging and a public charging infrastructure would increase consumer demand for EV's, but I'm afraid regulations demand their adoption before these other goals are met.
 
I wouldn't say that "I've arrived" (yet!), but I've had some luck, made some good decisions, and made fewer and smaller stupid ones. I've also had some good role models, but you won't find them on social media showing off their latest toys.

Lately, I've spent more money than strictly necessary on: Bedding, soap, fresh produce, tea, books, magazines, and as of last week, car maintenance. Am in no rush to discover shinier things to buy: Goodness knows I'm surrounded by people who seem to love buying More of Everything. But one thing they don't seem to have is the freedom to do whatever they want to do, whenever they want to do it, for as long as they want to do it.

Probably one of the best things people can buy these days is a quality AC or Heat Pump. It's not getting any cooler, electric rates are on the rise and you don't want to be without when you need it. The unbelievable heat we are experiencing keeps rising. The price of these units has gone up 100% in the last 6 years and another 30% jump is already scheduled for next year's models.
 
Probably one of the best things people can buy these days is a quality AC or Heat Pump. It's not getting any cooler, electric rates are on the rise and you don't want to be without when you need it. The unbelievable heat we are experiencing keeps rising. The price of these units has gone up 100% in the last 6 years and another 30% jump is already scheduled for next year's models.
I got a $30-40,000 quote for a mini-split system for the house. Instead I bought five Midia window ACs, also mini-splits, for $350 each at Costco. Last month, July, it cost $100 in electricity to cool the house to 74F (23C). For that price I get an app that monitors and controls each unit. When no one is visiting I can reduce cooling room by room. They are unbelievably quiet, comparable to a Bosch dishwasher.

Midia is beginning to sell window heat pumps. The rumored price is $3000 each. Even that would be half the custom installed price, and each one would be individually replaceable.
 
One I wonder about with the "BTC is a store of wealth" thing, it more or less tracks Nasdaq but with 3-4x its beta. BTC people (at least the ones on /r/bitcoin) get offended when you call it what it really is, just a highly speculative instrument.
 
BTC has absolutely no value but what the greater fool will pay for it. It has no earnings, no dividend, can't make Jewelry out of it and it doesn't exist in the real world. The only thing it's good for is illegal activity and apparently there is plenty of that going on.
 
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