Jabanga

26 ms·

181.
by Jabanga 9y ago
Right but there's no shortage of mountains where new towns can be built. If people really want to live in mountain towns, the market can meet that demand for pretty much any number of people.
182.
by Jabanga 9y ago
There is no evidence that the middle class is being impoverished by automation. Automation has the effect of increasing wages. It's the sole reason wages today are 20X what they were 200 years ago. In any case, this is completely unrel
183.
by Jabanga 9y ago
The parent comment asked: "Where are people supposed to go when even the middle class is homeless?" They can go to places that aren't mountain towns. EDIT: or they can build new mountain towns. There is no shortage of mountai
184.
by Jabanga 9y ago
I know it sounds like free market dogma, but I swear this is true: supply grows to meet demand. Airbnb will just encourage more housing to be built, by creating a new short term housing market that until now had not existed.
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by Jabanga 9y ago
To clarify: I'm not advocating for a stateless society. I'm advocating for the right to personal autonomy and privacy. That means ending taxes on private transactions, not all taxes.
186.
by Jabanga 9y ago
How tragic.
187.
by Jabanga 9y ago
Pollution is not a private interaction between consenting parties. It's a negative externality, that is morally in the same class of behaviors as theft and assault. I was referring specifically to laws prohibiting the former. As for yo
188.
by Jabanga 9y ago
Of course they're different: private communications are not economic interactions, but both are private interactions between mutually consenting parties. So there are parallels. That people choose to deny any link is not surprising. Li
189.
by Jabanga 9y ago
Regulations on private economic interaction says that I can't give you a ride for money, or vice versa. It's restricting totally private action between two consenting adults. I don't see a ban on private communication being f
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by Jabanga 9y ago
While our lives are fragile, our numbers few, and our ability to destroy each other great, the capabilities that our technology gives us to survive and spread shouldn't be underestimated.
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by Jabanga 9y ago
>You never specified your definition of "efficient. Being effective at using economic resources to generate more economic resources. Being efficient at utilizing economic resources at meeting people's material needs. Unions, an
192.
by Jabanga 9y ago
>More ideological "free-market fanboyism." Comments like this are not at all constructive, and contribute to a poor intellectual environment. I made significant effort to provide objective evidence for my position, and provide
193.
by Jabanga 9y ago
Feedback like this is much appreciated. The logic I'm presenting seems compelling to me, but I can only be confident of that when I get outside confirmation. And I agree: if traditional financial businesses and activities, that rely on
194.
by Jabanga 9y ago
Uber is 8 years old and worth $79 billion. When Google was that old, it had just done an IPO and was worth $23 billion. When Amazon was that old, it was worth about $20 billion.
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by Jabanga 9y ago
>vastly increases the returns for individuals. Yes, they get pushed to big companies and "safer" investments. But they also get scammed less often. Overall it's a big win for individuals. Returns are a function of efficien
196.
by Jabanga 9y ago
As I made an effort to demonstrate, you and the author's assumptions about these voluntary interactions being exploitive, and the cause of income disparity, are incorrect. What you and the author are advocating, which is prohibitions o
197.
by Jabanga 9y ago
It should be noted that the author will delete your response if you are critical of his article.
198.
by Jabanga 9y ago
Truly cringeworthy. At a global scale, wages are increasing at their fastest rate in history [1]. Wage growth for the middle class has stagnated in the US, but not nearly as much as some people (myself included, until recently) believe [2
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by Jabanga 9y ago
It's guaranteed to be more than 2X. That's why the number forms the lower bound of the estimate.
200.
by Jabanga 9y ago
>“In this context, anonymity will become more a hindrance than an asset for virtual currencies” and their potential future popularity. The EU parliament report is wrong. Without privacy, money's utility is extremely limited. Account
201.
by Jabanga 9y ago
It's called appreciation. It has happened to numerous assets. The definition of good investing is buying low and selling high. You're implying that something that produces investment returns beyond a amount is a ponzi scheme, whic
202.
by Jabanga 9y ago
Of course the resources are rare. Each cryptocoin is unique to the network that backs it. The network is more than the open source software of the clients. It's also the blockchain itself, which is made more difficult to reverse throug
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by Jabanga 9y ago
There is no way to have a controlled release of new coins into the system. For that you need a blockchain that establishes a consensus on time transpired and on the total economic resources being contributed (which allows the share of the n
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by Jabanga 9y ago
I'm glad you are keeping your mind open. >I think you misunderstand the premise of UBI. UBI is not intended to allow for hyper-consumerism. I was referring to your argument for redistributive basic income, where you imply that the c
205.
by Jabanga 9y ago
You can trust EOS all you want, but that doesn't give it a "solid value proposition" that can be demonstrated. I'm simply disputing your choice of words, as it gives a misleading impression in my opinion.
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by Jabanga 9y ago
There's nothing ponzi schemish about that. The cost of mining is proportional to competition for new coins. Not much different than any other resource extraction.
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by Jabanga 9y ago
You're saying a vaporware blockchain with unproven claims has a more solid value proposition than Ethereum because its founder created two cryptocurrencies that combined have a market capitalization that equals 4% of Ethereum's. &
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by Jabanga 9y ago
Ethereum had no "solid" value proposition in 2014, and EOS doesn't have one now. You're overstating its proven value. We can share our opinions on the respective projects, but that's different from a demonstrable va
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by Jabanga 9y ago
EOS doesn't currently exist. It makes a lot of strong claims, and has delivered none of them yet.
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by Jabanga 9y ago
Ethereum developers use Solidity almost exclusively, because it is by far the most developed, but there is also Serpent, Viper and LLL. I don't know if Serpent and LLL are still being actively developed. Yoichi Hirai is also developing

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