anonisko

11 ms·

31.
by anonisko 6y ago
I should add, keeping companies private could also be a scheme for throwing a wrench into the rising calls for a wealth tax. How you value property that has no liquid market (like private company shares) is one of the issues that makes a we
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by anonisko 6y ago
I have a paranoid fear that keeping companies private MUCH longer than previously normal will be the status quo going forward now that the general public has easy access to active stock trading. A truly open market strips away a lot of the
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by anonisko 6y ago
There are more people who already own some bitcoin than you'd probably want to believe. Many of them believe bitcoin is on balance a good thing. There are at least a couple of bitcoiners currently in Congress, including the new Senator
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by anonisko 6y ago
Assuming the crypto bubble pops catastrophically and never recovers, yes we'll be left with a lot of worthless ASICs and GPUs, but also a ton of newly freed energy sources and chip manufacturing facilities, the development of which wil
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by anonisko 6y ago
> Games don't exist without players. Of course they do. Just because a game isn't being played doesn't mean it doesn't exist. Or at least, the rules do. In a world of 7 billion humans, all you need is 2 to be the firs
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by anonisko 6y ago
It's definitely not this simple. How would you execute an exchange ban politically? Any politicians who did this would be responsible for instantly vaporizing tons of value owned by an increasingly non negligible fraction of the popula
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by anonisko 6y ago
We don't value a copy because machines (or humans acting like machines) can do that for dirt cheap without thought or creative breakthrough. We value the original. We value the thing that represents that initial spark of something bran
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by anonisko 6y ago
Money laundering for sure. But also just a store of value. A Picasso is like a savings account. You can hold one for decades and it will preserve value relative to inflation so long as people still value them the same. Another way to think
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by anonisko 6y ago
Related, https://www.epsilontheory.com/taiwan-is-now-arrakis/ Development of domestic chip manufacturing might even start to become a national security concern, leading to even more money flowing in on top of the money
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by anonisko 6y ago
It's a lot more common than most people want to believe.
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by anonisko 6y ago
That would suck in the short term, but it would also be a HUGE incentive to massively ramp up chip fabrication capacity, leading to long term cost decrease due to economies of scale.
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by anonisko 6y ago
Sleeping with a professor for academic advantage is definitely not a common trope, so this makes sense. /s
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by anonisko 6y ago
Cool. Now where's the guide to embed NFC enabled yubikeys in your hand?
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by anonisko 6y ago
All currencies are volatile against other currencies. Volatility of currency goes away (or rather, gets abstracted) within the context of locales where that currency is used as a unit of account and goods and services are directly priced in
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by anonisko 6y ago
That's exactly what's happening. Decentralized, trustless version is the Lightning Network, https://www.lopp.net/lightning-information.html
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by anonisko 6y ago
You're forgetting a big one. It's a cognitive stimulant that increases worker productivity. So not only does the coffee industry have an obvious, direct incentive to promote the benefits and downplay any long term negatives, but E
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by anonisko 6y ago
Like a junkie chasing that first high. You keep needing more and more but never get close to the first, until suddenly you wake up and realizing your life collapsed around you and your drug doesn't work at all anymore.
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by anonisko 6y ago
There is something different this time. People en masse have started using the S&P 500 and other index funds as a long term store of value. Large amounts of money buy these stocks every pay period with zero regard to performance or curr
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by anonisko 6y ago
At least dogecoin has a static and predictable supply inflation and doesn't glorify slave owners and indian killers.
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by anonisko 6y ago
Would have been nice to be common before USB-C started becoming standard...
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by anonisko 6y ago
https://twitter.com/JackMallers/status/1346867753253220356
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by anonisko 6y ago
This shouldn't be surprising. The early adopters of a finicky new technology are always going to be enthusiasts. You can buy a Starbucks gift card on fold app using LN and currently get 3% back in sats. But seriously, why would anyone
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by anonisko 6y ago
https://foldapp.com/ https://store.blockstream.com/ https://acceptlightning.com/list.html Several major exchanges have announced that they are implementing LN support. Still very early days
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by anonisko 6y ago
You can't directly measure the number of transactions happening on lightning network unless every non leaf node publishes it's numbers, and even then you'd have to trust they're telling you the truth. And it's even
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by anonisko 6y ago
The point of encryption and privacy software isn't to make it completely impossible to violate someone's privacy. We still have laws that most of us agree with and want to see them enforced. The point is to make it impossible to c
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by anonisko 6y ago
...are we the Fire Nation?
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by anonisko 6y ago
Musk didn't inflate Doge. He tweeted about it and a bunch of get rich quick folks scrambled to buy, driving the price up like a penny stock. A share of stock represents a tiny percentage share in a company's assets and profits. Fo
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by anonisko 6y ago
One caveat is that the insane valuation could let the company raise enormous amounts of cash and attract talent. Perhaps enough to revitalize the company into something with a legit growth story. I'd say this is very unlikely, but it&#
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by anonisko 6y ago
Except that it can be arbitrarily inflated.
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by anonisko 6y ago
I believe there's some work being done to use cryptocurrency micro payments as a layer on top of IPFS to incentivize data storage. edit; Filecoin, https://docs.filecoin.io/about-filecoin/ipfs-and-filecoin/#d..

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