Predictions in years are less and less meaningful to me as I go along. I’d give .6 confidence that we’re no more than 5 tech-generations away from being able to build a fully automated mining facility (just to pick a concrete example), and no more than 3 generations from there to being able to build one in a way that would be cost-effective (given current-day labor costs and raw materials prices) for at least some application… perhaps underwater mining of rare earths.
I also expect that along the way, selected raw materials prices will increase enough (in inflation-adjusted currency) that using current-day prices is absurdly conservative. Then again, I also expect that along the way we’ll see several failures of such equipment that cause as much as half a commute-year (current-day) of environmental damage, which might set the whole project back by decades. So, who knows?
A commute-year, incidentally, is a measure of risk (e.g., death and property/environmental damage) equal to that caused by people commuting to and from their jobs in a given year. My guess is that half a commute-year is typically more than enough to cause the majority of Americans to insist that a new project is way too dangerous to even consider. (Of course, that doesn’t apply to the project of actually commuting to work.)
Predictions in years are less and less meaningful to me as I go along. I’d give .6 confidence that we’re no more than 5 tech-generations away from being able to build a fully automated mining facility (just to pick a concrete example), and no more than 3 generations from there to being able to build one in a way that would be cost-effective (given current-day labor costs and raw materials prices) for at least some application… perhaps underwater mining of rare earths.
I also expect that along the way, selected raw materials prices will increase enough (in inflation-adjusted currency) that using current-day prices is absurdly conservative. Then again, I also expect that along the way we’ll see several failures of such equipment that cause as much as half a commute-year (current-day) of environmental damage, which might set the whole project back by decades. So, who knows?
A commute-year, incidentally, is a measure of risk (e.g., death and property/environmental damage) equal to that caused by people commuting to and from their jobs in a given year. My guess is that half a commute-year is typically more than enough to cause the majority of Americans to insist that a new project is way too dangerous to even consider. (Of course, that doesn’t apply to the project of actually commuting to work.)