Hermel

20 ms·

181.
by Hermel 9y ago
It's not entirely risk-free, as the spending of stolen or other Bitcoins of questionable origin is not trivial. Even if you use Monero or Z-Cash, regulation requires you to specify how you earned the money when cashing out. Yes, you ca
182.
by Hermel 9y ago
ICOs are in a hype. But there is real value. First, they can be used to bypass a lot of (but not all) regulation. This is good, because the financial sector is overly regulated (and wrongly regulated). Second, there are applications that ar
183.
by Hermel 9y ago
Arbitration can make sense in an international setup with contracts between large companies. For example, if an American company does business with a Russian company, they might agree to do arbitration in the UK in case of a dispute. Howeve
184.
by Hermel 9y ago
The problem is not that setting up such a structure is possible, the problem is the lack of suitable alternative legal structures that are better suited for the job. For that, regulation needs to be relaxed.
185.
by Hermel 9y ago
It's not so clear. For Ethereum, it worked well. The foundation is non-profit, financing the creation of an open-source system. And those who donated get to use one instance that system. The rights to use the system come in the firm of
186.
by Hermel 9y ago
Ironically, it is the SEC and it's regulation that made Bancor structure their ICO the way they did. To escape being classified as a security, you have two options: either give the tokens away for free, or promise nothing. Most crypto
187.
by Hermel 9y ago
Maybe it is not responsible, but it is certainly agile. :)
188.
by Hermel 9y ago
Interestingly, bicyclists have been shaving their legs anyway, ignoring the scientific consensus. Maybe common sense and personal experience is underrated.
189.
by Hermel 9y ago
It is a trade-off between short-term and long-term usefulness. If Google is using its market power to protect its own services from competition, that leads to less consumer choice and less usefulness in the long run, as fewer competitors wi
190.
by Hermel 9y ago
The term "diversity" already implies that there are differences between genders, otherwise we would have to call it "more of the same". Everyone who insists on valuing diversity while also insisting that man are women ar
191.
by Hermel 9y ago
Volume-wise, the biggest use case is speculation and store of wealth (just like gold in the physical world). By number of transactions it is gambling (eg poker), another one you forgot to list.
192.
by Hermel 9y ago
> Damore is a junior programmer who wrote a 10 page 'manifesto' accusing his colleagues of having inferior genes. Can you cite the parts of his memo that made you believe he did that? Or did you read that "between the line
193.
by Hermel 9y ago
In many countries, it is illegal for lawyers to charge a percentage of the obtained damages. But in the US, a lawyer can propose: "I'll help you suing this bastard for free if I get half of the awarded damages." This incentiv
194.
by Hermel 9y ago
There are also plenty of examples that did not change as dramatically, for example Nigeria from 6.5 to 5.8 children per women. In fact, Nigeria is projected to have 400 million inhabitants by 2050, overtaking the US as well as Western Europ
195.
by Hermel 9y ago
As someone who used to read /r/bitcoin daily for years, I can confirm this. Economic and business considerations are often disregarded, for example the concept of a "window of opportunity" that one can miss when moving t
196.
by Hermel 9y ago
> Providing counter-arguments that question the decisions of the executive caste is often seen as a threat The key to have an impact is not to pose critical questions, but to make constructive suggestions. Instead of saying "you are
197.
by Hermel 9y ago
There is rarely a silver bullet, and I don't see one in the case of Bitcoin. Even if lightning network (which is what everyone who does not see the need for a block-size increase points to) was available today, we would need larger blo
198.
by Hermel 9y ago
I'm really tired of hearing the "increasing the block size won't suffice"-argument. Yes, increasing blocks to 10 MB won't give us VISA-scale, but it will allow Bitcoin to serve TEN TIMES AS MANY USERS! I can't
199.
by Hermel 9y ago
I'm pretty sure that if you rewrote Harry Potter from scratch with new names and wording (redoing the implementation) and published that, you would still get in trouble. So copyright is somewhat broader than you think.
200.
by Hermel 9y ago
The sharp s is only used in Germany and Austria, but not in Switzerland. There really is no need for it.
201.
by Hermel 9y ago
Ethereum raised 20000 Bitcoin giving away 2000 Ether per Bitcoin. Today, one Ether is worth 0.1 Bitcoin. That's a 200x return. Also, they created the most widely used Blockchain. Does that qualify as "delivered"?
202.
by Hermel 9y ago
Submission statement: Computational models in science are traditionally created with a clear separation of specification and implementation in mind. In this paper, I challenge this view, at least in the context of agent-based simulations. I
203.
The Code is the Model(meissereconomics.com)
2 points by Hermel 9y ago|1 comments
204.
by Hermel 9y ago
This is not about pumping and dumping, it's about misappropriating client funds. Using your own money to pump is debatable. Buying Bitcoins with money you do not actually have (but promise to be available for withdrawal at any time) is
205.
by Hermel 9y ago
The proportions and standard lengths are all slightly different. For example, standard US fences are 3 feet high, but standard EU fences are 1 meter high. This is a noticeable, but not striking difference. It's like using letter paper
206.
by Hermel 9y ago
American buildings always feel a little odd to me. My guess is that this is related to them using feet and inches and not the metric system.
207.
by Hermel 9y ago
> This would result in a deflationary spiral (no one spends the money b/c they're better off waiting and letting it appreciate, which leads to less spending, which leads to even more deflation, etc.) The deflationary spiral can
208.
by Hermel 9y ago
Capitalism certainly also plays a role here. However, I would argue that capitalism itself did not get worse in comparison to fifty years ago. Its the demographics that have changed. However, you are right that we cannot change demographics
209.
by Hermel 9y ago
> Source? Yes, it is a pet theory, but a substantiated one. We've looked into Piketty's ideas during a semester project when I did a master's in economics. Among other things, we found that Piketty's measure for inequ
210.
by Hermel 9y ago
His observation is that inequality is raising in most western countries. (It does not increase globally.) His conclusion is that we should tax the rich more - which is not very original and many disagree with. Also, Piketty misses some of t

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