Majromax

42 ms·

511.
by Majromax 6y ago
> Banks take deposits and list them as assets. On the bank's balance sheet, a deposit is a liability. In fact, it's a short-term liability, since most deposits can be withdrawn on short notice. A bank's central business
512.
by Majromax 6y ago
> or we could work on better energy storage and distribution technologies That's a "both and" issue. An energy generator could hypothetically mine cryptocurrencies to buffer their excess-power periods right now with lit
513.
by Majromax 6y ago
> How is Bitcoin a boon to renewables? Bitcoin consumes energy, and that energy is not being used for other things. The utopian view is that not all energy is currently being used for other things. On grids with heavy penetration of ren
514.
by Majromax 6y ago
> he heat energy increases the pressure of the newly created CO2. This higher pressure is placed on one side of a turbine or a piston, and we extract useful work by moving it from a high density state to a low density state, causing it t
515.
by Majromax 6y ago
Antiturst laws are hard to enforce in the United States. Monopolies themselves aren't illegal. To be convicted of an antitrust violation, a firm needs to both have a monopoly and needs to be using anticompetitive means to maintain tha
516.
by Majromax 6y ago
Tesla may have "changed the world," but that doesn't mean it will retain dominance. Tesla has always been a bet that a tech company can learn to make cars faster than car companies can learn to make tech. Moves like VW'
517.
by Majromax 6y ago
That would require changes to the client as well, however, and as I understand it bitwarden_rs still uses the standard client-side Bitwarden addon/applications/apps.
518.
by Majromax 6y ago
> What if the real value was paying poachers to not poach? You wouldn't believe how many animals I haven't poached today. Where's my cheque? Ultimately, you're describing Coasean bargaining ( https://en.w
519.
by Majromax 6y ago
With any password manager, encryption happens client-side. A malicious or compromised host could make off with your encrypted vault, but that would not by itself compromise passwords.
520.
by Majromax 6y ago
> Unless you can refute modern economic theory, we still have PV=MQ, and the only thing saving us from inflation at the moment is the low velocity of money: in lockdown or with most high velocity businesses closed or operating at a fract
521.
by Majromax 6y ago
> The $1.9 trillion in stimulus just passed in the US is a drop in the bucket compared to the Federal Reserve’s unprecedented $7 trillion balance sheet: Not at all. The Fed's balance sheet expansion is widely believed to be ultima
522.
by Majromax 6y ago
> Don't average people buy houses? It's a bit of an artificial distinction to exclude them. When an average person buys a house and lives in it for a decade, they still have the house . Inflation is defined by consumption ex
523.
by Majromax 6y ago
> There's no inherent reason we want there to be incentives to spend, unless you're some central planner trying to keep the populace invested in society. You're confusing spending and consumption. Bitcoin holdings don&#x
524.
by Majromax 6y ago
> with a simple increase in block size. "Simple" changes to the bitcoin protocol aren't simple because it's a coordination problem. As long as more than 50% of mining power is behind the older protocol, the longest
525.
by Majromax 6y ago
Leaving aside any significance of this statistic, I'm not convinced the calculation is right. The website describes the calculation as: > Bitcoin`s velocity is calculated by dividing the 90 day estimated USD transaction volume by t
526.
by Majromax 6y ago
> would you consider it problematic to learn about, say, a philosopher, preacher, guru, etc. who was cited by a bunch of people like Sam Altman, Paul Graham, etc.? Potentially, yes. What does the biographic information add to the story
527.
by Majromax 6y ago
> Furthermore, why are the medical industry wasting vaccine supply on people who are already immune due to surviving their infection? Suppose you're running a vaccine clinic. It's infinitely easier to check prospective patient
528.
by Majromax 6y ago
> at what point do you budge? Around the same time that you dispense with phase 3 trials entirely. It was more likely than not that the Pfizer/Moderna vaccines were effective by the time they'd completed phase 2 studies. If t
529.
by Majromax 6y ago
> This is evidence of what I call magical thinking–an undue focus on the clinical trial design as having incantatory power. This isn't complicated. Once we have clinical trial evidence, the protocols tested form the standard of ca
530.
by Majromax 6y ago
Because they have. Mobile designers are less focused on optimizing for poor processors and limited data budgets, instead preferring to target "responsive" and/or flashy designs that look impressive in screenshots.
531.
by Majromax 6y ago
> Yes, just like the price of goods sold at Walmart is based on third parties betting on what they think of the price. If Wal-Mart bought and sold goods via its retail counter, then it would be based on this. But it doesn't; it off
532.
by Majromax 6y ago
> How is this legal ? Because this is a settlement of a lawsuit, rather than an independently-triggered regulatory action. The lawyers and representative plaintiffs may agree to this because an in-game-points payment inflates the notiona
533.
by Majromax 6y ago
Burry's premise is unproven. The US government's policies are not "MMT-tinged" (i.e. unchecked money printing, in the financial shorthand) unless there's a serious question about the Fed's lack of independence
534.
by Majromax 6y ago
Buy TIPS, which are inflation-protected bonds, and sell (go short) nominal bonds. The difference between the two is almost exactly proportional to inflation expectations, and you are not inviting cross-contamination by other market moves.
535.
by Majromax 6y ago
Yes: the bond market. Take a long position in real return (inflation-adjusted) bonds like TIPS, and go short in nominal bonds. You will profit from an increase in inflation / expected inflation. Based on 10-year bonds, the current bre
536.
by Majromax 6y ago
> You can only know my vote if you have a way to associate an address with an identity. A secret ballot makes it impossible to verify votes even with collusion between the voter and interested party. That makes vote-purchasing infeasi
537.
by Majromax 6y ago
> This quote is just disingenuous: "the savings are canceled out by the land required to install the solar panels". Can't you just install solar panels vertically as well? More to the point, solar panels don't need t
538.
by Majromax 6y ago
> But I also support forcing people to grapple with the cost of government once a year. But that's one-sided: people do not have the same requirement to "grapple" with the benefits of government once a year. That feeds
539.
by Majromax 6y ago
> Why are other countries not victim to lobbying in the way America is? Among other reasons, America has a uniquely loose political fundraising / election spending system. If all else fails, a company like H&R Block can directl
540.
by Majromax 6y ago
> Why you would prefer to have to re-enter data that your government already has and that they will match against your own data I don't really understand... Complacency, complexity, corruption, and conservatism. First, there's

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