Hermel

49 ms·

451.
by Hermel 12y ago
> Look at the services built too. Mining companies and exchanges. Not really. Often, it is merchant solutions like BitPay or consumer services like Blockchain.info or Xapo that are funded. Most interesting in my opinion is blockstream. M
452.
by Hermel 12y ago
400 million of venture capital has flown into Bitcoin startups in 2014. This money is used to improve Bitcoin and to build new services on top. It's not over until we have seen what comes out of that.
453.
On Teamwork(plus.google.com)
1 points by Hermel 12y ago|0 comments
454.
by Hermel 12y ago
Thanks for your research. You are right in pointing to the difference between wealth and income inequality. My data online seems to explain the former, but not the latter. While I find my mentioned correlation between age and wealth inequal
455.
by Hermel 12y ago
Exactly, thanks!
456.
by Hermel 12y ago
In the US, wealth inequality correlates strongly with median age over time. In a regression, raising median age can explain 89% of the raise in wealth inequality of the top 10% (my own calculation, using Picketty data, not online yet). The
457.
by Hermel 12y ago
What's great about using Bitcoin for game-theory experiments, is that it allows for anonymity. Often, it is extremely important for scientific experiments to be anonymous in order to make sure that any decision taken by the participant
458.
Microeconomic experiment with reward in Bitcoin(docs.google.com)
4 points by Hermel 12y ago|1 comments
459.
by Hermel 12y ago
I'd say constraint comes as close as 22/7 to pi. Constraint is passive. Sachzwang forces you to do something. For example, "sachzwangreduzierte Ehrlichkeit" means a level of honesty that had to be reduced due to factual
460.
by Hermel 12y ago
As a Swiss speaking three languages, I can confirm that every additional language comes at a cost. Only having one language is more efficient. However, I believe there are subtle implied philosophical differences. For example, I perceive Ge
461.
by Hermel 12y ago
And as I said a while ago in my most downvoted comment ever ( https://news.ycombinator.com/item?id=8442817 ), Sherritt stocks will go through the roof in case relations start to normalize. And they did today, with +25%.
462.
by Hermel 12y ago
> The problem you've identified is the fact that there is a government, or that powerful people exist. The problem is the unnecessary concentration of power in the hands of very few politicians. The key to solving this problem lies
463.
by Hermel 12y ago
These are excellent points. Whoever downvoted you probably stopped reading after point 1. Decentralization could help a lot. Switzerland, for example, has a very fine-grained system of political control, with only minimal power concentratio
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by Hermel 12y ago
Objects are much easier to debug then their predecessors: methods making use of global state variables. With objects, state is encapsulated and not modified by the outside, making them much more predictable and thus also easier to test.
465.
by Hermel 12y ago
PhDs in IT do not pay off, at least salary-wise. The time is takes to complete them is much better invested in a regular job, gaining practical experience.
466.
by Hermel 12y ago
It matters as an indicator of how long it would take to rebuild acompli from scratch.
467.
by Hermel 12y ago
There are plenty of counterexamples, also in Silicon Valley. For example, both Mark Zuckerberg and the Winklevoss twins made a lot of money, but depending on which side you believe, at least one of them is mean. Anyway, the basic message is
468.
by Hermel 12y ago
I went through all of this with my previous startup. It is tedious, but feasible. Note that in practice, you probably won't have to fear much as long as your revenue does not exceed a certain threshold. In Germany, for example, the &qu
469.
by Hermel 12y ago
The Z3 was the first operational turing-complete computer (May 1941, a few years before ENIAC). Babbage's analytical engine was never actually built.
470.
by Hermel 12y ago
With both, private and public spending, it is not the quantity that matters, but quality. Both sometimes waste money, and that's what needs to be addressed. More government does not solve anything as long as that additional spending fi
471.
by Hermel 12y ago
This is about Silk Road et al. What about the AWS of the dark net? Does that exist?
472.
by Hermel 12y ago
Plausibly inaliable property rights. With central servers (and today's banking system), the government can freeze bank account. Even if today's laws would prohibit that, there is no guarantee that this will also be the case in the
473.
by Hermel 12y ago
It's 1200, not 1.2 hours. However, there are at least twice as many frames, as it is 3D.
474.
by Hermel 12y ago
The article itself does not seem to support the headline. It is about lots of individual geniuses, but not about whether they are overrated or not. In fact, the words "overrated" and "lone" do not even appear in the whol
475.
by Hermel 12y ago
Playing devil's advocate: in a perfect world with perfect schooling for everyone, wouldn't you expect a very high level of heritability due to the fact that this is the only source of inequality left? That's like cancer becom
476.
by Hermel 12y ago
In case you want to bet on this, consider buying sherritt.com . This is probably the company that would benefit most from an end of the embargo, as it owns some mining and oil rights on Cuba. Disclaimer: I myself bought this stock somewhat
477.
by Hermel 12y ago
And thanks to the psychological effect of effort justification, you will even like what he says.
478.
by Hermel 12y ago
An example of a company working on this issue is monetas.net, which has announced launch for December. Their solution is based on OpenTransactions, which adds a layer on top of Bitcoin (or any other payment system) that allows to perform mu
479.
by Hermel 12y ago
Allow me to correct a few of your misconceptions: > Bitcoin can't handle micropayments. The block chain is limited to about 7 transactions per second, Note that this is not a technical limit, it is an arbitrarily set parameter. Gavi
480.
by Hermel 12y ago
Note that you are somehow arguing in favor and against the efficient market hypothesis at the same time. By arguing for ETFs, you are implicitely assuming that there is not much to gain by doing your own research because markets are efficie

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