ItsMonkk

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by ItsMonkk 5y ago
Right. So exactly the same is true of stocks when it comes to trading existing stock. The key difference is the creation of stock - IPOs. The company uses that money they get from the IPO and invests it into the business, which results in p
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by ItsMonkk 5y ago
Cantillion Effect[0], see my earlier post. If you print money by lowering the interest rate, the new money is created by credit worthy people, who go on to buy assets, so you see no increase in consumption demand, so there is no inflation.
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by ItsMonkk 5y ago
Burned transaction fees, similar to a sales tax with a slight twist. Fees would ramp up in a similar way to Bitcoin, where the sooner you want to transact, the more it costs, and perhaps say a month out transactions are always free. I think
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by ItsMonkk 5y ago
I've looked into this problem enough that I'm fairly confident that the Austrian economics principle of stable prices through velocity targeting is the answer. I'm also 100% behind no block reward - the only reward miners sho
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by ItsMonkk 5y ago
Another amateur, but I think it's more likely the reverse. As we travel through time, us, and the atoms we are made of, shrink(or another way to look at it is 'being consumed', or using up its energy). And we shrink according
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by ItsMonkk 5y ago
Sub-forums are a usability nightmare, but reddit already solved the sub-forum issue. You would be showed content in a flattened manner, but in the hierarchy where the closest to you is shown first.
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by ItsMonkk 5y ago
If another community is mis-filing tags, your community can apply moderation against their community such that your community does not use their tags. The other way to do this is to have just as good support for +tags in queries as -tags in
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by ItsMonkk 5y ago
They messed up when they made sub-reddits. Sub-reddits are a harmful combination of community and content. Popular content becomes a huge community, and all of the issues based on Dunbar's number happen as a result, which includes abus
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by ItsMonkk 5y ago
> companies and individuals have created wealth and value, that would result naturally in more M2. Correct. > M2 has grown because we have created value. Incorrect. When the M2 grows, but the M2V(Velocity) falls, you created no value.
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by ItsMonkk 5y ago
Elite universities serve some combination of the world's smartest and wealthiest individuals. They even ensure that the if the smartest individuals are poor, that they will get a full ride and come for free. But what do we know very we
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by ItsMonkk 5y ago
Japan's zoning system does a decent job of mediating between the two. Here's[0] a good summary of their system. For your case, category 1 would fit perfectly. When category 1 is 20% of the land, that's fine. When it's 80
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by ItsMonkk 5y ago
You asked how to have an economy without scarcity. There will always be certain things, like natural resources, that are scarce. You can not make more land. Those things will always have scarcity. There are other things that have zero margi
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by ItsMonkk 5y ago
When you grant a monopoly over items that have zero marginal costs, you are creating massive dead-weight losses. The reason that we use artificial scarcity is because then we can use supply and demand on that, and use the funds to reward th
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by ItsMonkk 5y ago
> I think we need dense place for those who like living there, and suburban ones for those who don't - plus stuff in between. We agree. And this is a key point made by Not Just Bikes / StrongTowns - when you have exclusively St
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by ItsMonkk 5y ago
I think we can use Vickrey Auctions for this problem. Vickrey Auctions are able to give not only price discovery, but also value discovery. Vickrey auctions incentivize bidders to bid their true value. If instead of using price discovery, w
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by ItsMonkk 5y ago
I don't know the answer to this either, but I'll at least try to give an idea on how one might get to that value. For the Land Value Tax this question is fairly straight-forward. We have the current market value(say $2.4M from the
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by ItsMonkk 5y ago
If you tax the land at a rate greater than a 100% LVT, the market price of the building will be less than the improvement value, and therefore there will not be a good reason for builders to build. This will create distortions that are harm
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by ItsMonkk 5y ago
Just about all cryptocurrencies are built on top of 'number go up' deflationary FOMO token-omics. New buyers are buying from older buyers. The older buyers are the fools that are looking for greater fools. But as you say, one day
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by ItsMonkk 5y ago
I don't believe this to be true, but understand that the systems involved are fairly chaotic so I'm willing to change my mind. The reason that you think these things are the drivers of wealth is that they rely on the currency&#x2F
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by ItsMonkk 5y ago
I think that, on average, you are probably correct. More people prefer the current behavior over the opposite behavior, where instead of 'Not Interested' one would be forced to select 'Interested', or perhaps 'Add t
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by ItsMonkk 5y ago
And the reason they are able to do so is because by rejecting a video, you don't see it anymore. On the other hand, if you are given a view of 5 videos on YouTube and you click next, what YouTube should be doing is rejecting all 5 and
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by ItsMonkk 5y ago
When the percentage increase of the currency is slower(gold, most crypto) than the value of that currency increases over time, and as you say, it becomes entrenched. When the percentage increase of the currency is faster(most fiat) than the
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by ItsMonkk 5y ago
One of the reasons that Poker players prefer tournaments is because it induces them to move away from perfect Nash equilibrium play and into being exploitable, as someone who plays unexploitable play simply doesn't make it to the money
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by ItsMonkk 5y ago
Thanks for the link. I've been building a hobby looking into this space. Personally I think we can use Vickrey Auctions for this problem. Vickrey Auctions are able to give not only price discovery, but also value discovery. Everything
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by ItsMonkk 5y ago
The important aspect is less of where the video is hosted, but where people are looking for content discovery. With the removal of dislikes, YouTube is actively making their content discovery worse. On the margin people should be looking fo
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by ItsMonkk 5y ago
Google's golden goose is their tracking. Between their ad networks, Android, and Chrome, and their own search engine, they know every single page that most people view. They can then use that data to work out what to display for search
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by ItsMonkk 5y ago
For me this is the single most important aspect of cryptocurrency. So long as you can create "stablecoins", or as I call them - "bitcoin standards", those bitcoin standards can quickly become fractional reserve banking,
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by ItsMonkk 5y ago
If I were to try to remember code, or try to remember a photograph, or try to remember how to get to the closest Super-Market, it's all structured in my mind in the same way. I might remember details, but only if I have paid attention
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by ItsMonkk 5y ago
Granting a monopoly on something with zero marginal costs creates massive dead-weight losses for society. Creating that information is a positive externality, so that positive externality should be subsidized. The problem we need to work ou
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by ItsMonkk 5y ago
lars's article is what made it fully click for me on how important this topic is, so I'm going to mostly leave it to him here, but I just want to stress one thing. One thing the Bitcoin issue has shown me is just how pivotal that

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