CryptoPunk

14 ms·

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by CryptoPunk 4y ago
>>Okay... the thing is that you can't give the state the ability to enforce property rights and simultaneously not give the state the ability to confiscate assets arbitrarily, because it's the same ability in both instances.
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by CryptoPunk 4y ago
Labor's share of compensation dropped from 0.63 to just under 0.60. That's not 15%. >>people find it easier to imagine the end of the world than the end of capitalism. Because capitalism is literally people being secure to o
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by CryptoPunk 4y ago
>>You're confusing authoritarian governments with limitations on capitalism. I am not. Economists specifically cite the liberalization of the economy as a major contributor to the decline in poverty, through its positive impact o
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by CryptoPunk 4y ago
The economists, who study this, overwhelmingly disagree. There are numerous examples given in the three articles I cited of a transition to greater capitalism being associated with more rapid economic development and poverty reduction, and
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by CryptoPunk 4y ago
The state first needs to be informed of the theft, by the victim, to be able to seize the thief's assets. Moreover, there is a significant possibility that the state will fail in its attempt to seize the thief's assets. Both of th
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by CryptoPunk 4y ago
In the example you provided, the state can compel the thief to forfeit his private key, under pain of imprisonment. But there are other cases where the state is not able to intervene, because of the immutability of the blockchain protocol.
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by CryptoPunk 4y ago
I just explained how the blockchain far from "preventing any authority from interfering", relies on authorities to protect individuals from theft, kidnapping, burglary, etc, for people to be secure in their control of their keys.
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by CryptoPunk 4y ago
The tyranny imposed in societies where socialist doctrines became dominant was simply staggering, and beyond anything that could be blamed on foreign meddling. This tyranny was all-encompassing because socialism demonizes entire classes of
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by CryptoPunk 4y ago
This is an undeniable fact, not some "undergrad-tier bromide" as left-wing grifters dismiss it as. Even now, after a century of failure, some dogmatic utopianists won't admit that their ideas don't work. What is most tra
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by CryptoPunk 4y ago
Opposition to capitalism consistently produces less free societies.
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by CryptoPunk 4y ago
>>No, tolerate a system that works as hard as possible to ensure that selling one's labor for wages is the only option, rather than a right So you propose the government provide an alternative, by doing what I described, which is
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by CryptoPunk 4y ago
If you read the articles linked, and look at the other studies done on global development, you see that the places that did the most to lift those limitations and regulations, that disrupt the natural checks and balances of the market, saw
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by CryptoPunk 4y ago
This is standard economics, from experts who have studied development for decades. The massive decline seen in poverty over the last 50 years is a matter of fact, with broad consensus that it has occurred. It's just inconvenient to you
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by CryptoPunk 4y ago
>>You choose every day when you work, to work under a fascist authoritarian regime. You choose that If you're choosing it, it's not a fascist authoritarian regime. And yes, people need resources to live, and unless they&#x27
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by CryptoPunk 4y ago
>>The innovations that help people live longer aren't private property, they're medical science and city planning. Private property is what generated the massive gains in productivity that allow society to allocate resources
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by CryptoPunk 4y ago
I'm happy to show you data on the development of the Philippines economy over the last 50 years. Had your narrative won out, the people would have fared much worse, like the people in Venezuela, or North Korea, or pre-1978 China.
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by CryptoPunk 4y ago
You don't own anything in YouTube. YouTube can always deplatform you.
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by CryptoPunk 4y ago
In the "not your keys, not your coins" setup, that trusted third party is the government, which gives you security against theft, kidnapping, burglary, etc, so you can keep your keys safe. Adding another trusted third party, like
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by CryptoPunk 4y ago
I see disease, poverty and looming death as the opposite of freedom.
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by CryptoPunk 4y ago
That is not what the data shows, nor is it what economists who have spent decades studying development believe: https://www.ted.com/talks/paul_romer http://www.economist.com/news/leaders/21578
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by CryptoPunk 4y ago
>>Funny that people will say this with a straight face and then walk into their jobs and have their pompous, arrogant, and disrespectful boss tell them what to do for eight hours. Your boss has no power to restrict your choices. They
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by CryptoPunk 4y ago
>>Myself? I know I would rather live in pre-historic state, foraging with a bunch of my relatives and friends, instead of in the current day Philippines. Pre-historic life was brutal. Every one had ring worms. Every one had intestinal
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by CryptoPunk 4y ago
Hunger in the Philippines is NOT due to capitalism. Hunger massively declined in the Philippines due to capitalism. Capitalism, i.e. the right to freely exchange, was restricted during the lockdown, with jeepney drivers, restaurant cashiers
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by CryptoPunk 4y ago
This is the only genuine ownership that exists in the digital realm. Digital assets that use a ledger run by a trusted third party can always be seized or frozen by that party.
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by CryptoPunk 4y ago
The choice is not between some communist utopia that Varoufakis alludes to, and people grinding in virtual worlds to make a living. The choice is between a family in the Philippines facing severe hunger during the lockdown, and that family
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by CryptoPunk 4y ago
I did search for the article to provide a link in the comment, but I wasn't able to find it.
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by CryptoPunk 4y ago
Yes, in many places where local conversion of USDC to USD or some other fiat currency is possible, but international Stripe payouts through the banking system are not.
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by CryptoPunk 4y ago
That reminds me of an article I read recently about New York's high-end nightlife scene, where wealthy men engage in an indirect form of purchase of attention from young attractive women, but obfuscated so that it does not appear trans
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by CryptoPunk 4y ago
Twitter Blue subscribers can let Twitter verify their ownership of an NFT profile picture, and then their profile picture comes to be distinguished by a hexagonal frame and a badge indicating which NFT collection it belongs to. If AI does t
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by CryptoPunk 4y ago
So Urbit's Layer 2 solution is a Rollup, but not an Optimistic (fraud proof) or ZK (validity proof) Rollup, but their own homespun form of Rollup that they call a Naive Rollup. It's described here: https://1810897365882

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