boc

24 ms·

271.
by boc 4y ago
But the liquidation of USDC represents the flow of real assets OUT of the ecosystem, thus rapidly inflating the price of ETH and any other cryptocurrency denominated in dollars. Aka if you start selling 2 USDC for 1 USD, then the price of E
272.
by boc 4y ago
But DAI doesn't control USDC, which means that they cannot control the reserve piece of the equation. This is the independent monetary policy + free capital flow piece of the trilemma. The auction function doesn't work if USDC sud
273.
by boc 4y ago
In terms of free capital flows with no fixed exchange rate, this is the "it works until it doesn't" part of the problem. DAI only survived the recent run because they had a rainy-day fund in their "PSMs" or Peg Stab
274.
by boc 4y ago
Eh it's probably just a version of "owning the libs". By and large the leftist environmentalists and "tree huggers" are anti-nuclear, so you basically annoy them in two different ways.
275.
by boc 4y ago
I think you've hit the nail on the head. Stablecoins exist in the non-crypto world [1] and they all are slaves to the Trilemma - there are trillions at stake if someone could figure out a way around this, but, much like the 2nd law of
276.
by boc 4y ago
DAI has been stable because the assets that are used to defend the 1:1 peg have been liquid. In the event of a credit crunch/liquidity freeze, the assets that need to be sold to defend the DAI peg aren't going to have an accepta
277.
by boc 4y ago
Direct democracy is great unless you're a minority (or hold an unpopular policy stance) and the majority keeps voting to make your life worse.
278.
by boc 4y ago
It's the hedonic treadmill effect. People here in SF making $200K are looking around feeling like they are probably underpaid compared to friends at other companies. Also finance/law can pay a fuck-ton too, but you have to work cr
279.
by boc 4y ago
You're welcome to join us anytime friend!
280.
by boc 4y ago
Ah yes, the gold standard. Aka severely limiting worldwide economic growth until we dig more shiny rocks out of the ground.
281.
by boc 4y ago
“I disagree with what you say, but I will defend to the death your right to say it” The issue is, of course, the thorny problem of allowing illiberal speech. What would the above author say if someone told them: "I disagree with what y
282.
by boc 4y ago
You're correct. Which using occam's razor means they didn't actually collect a dollar for every coin they created. All of these stablecoins may have started legitimate, but realized that nobody could tell the difference betwe
283.
by boc 4y ago
Anyone who unironically invested in an NFT project solo was a mark. NFTs are a simple scam: To plan this game you loan crypto to your friends, you all "buy" the same NFT from each other multiple times so that the price appears to
284.
by boc 4y ago
People sometimes forget that the middle of the US was populated by millions of immigrants from Northern and Central Europe. Lots of those towns you're looking at were German-speaking towns up until WWI. There are still tons of Norwegia
285.
by boc 5y ago
If you helped smuggle $1M in cash across the NK border you'd also be arrested and convicted for helping to evade sanctions. If anything crypto-enthusiasts should be happy to hear that the US government treats crypto as a legitimate mea
286.
by boc 5y ago
The source on the emerald mine is Errol himself during an interview with Business Insider South Africa: https://www.businessinsider.co.za/how-elon-musks-family-came... It's a primary source, not speculation. Here'
287.
by boc 5y ago
Right - it sounds like you're processing data at a very different scale from the typical Zapier user.
288.
by boc 5y ago
Is your goal to have a martech stack that doesn't rely on third party silos, or is your goal to have your lead-gen form populate your Airtable CRM for your new experimental acquisition campaign? The marketer is being asked to acquire u
289.
by boc 5y ago
Normally I'd agree, but his father made his fortune from emerald mining in apartheid South Africa. Elon went to an all-white prep school that explicitly didn't allow black students. There's a pretty high chance that Elon was
290.
by boc 5y ago
Definitely some interesting ideas! So if we crafted a human Westworld-style on an atomic level then sure, if it lives and walks around we'd consider it conscious. If we perfectly embedded a human brain inside a robot body and it walks
291.
by boc 5y ago
Respectfully, Americans don't care at all what other countries think of America. China had their chance to challenge America in the 21st Century, but they threw it away the moment Xi became too obsessed with his own power and ambitions
292.
by boc 5y ago
The US hasn't changed - it's always been a country of crazy people and smart people and zealots and honest, hard working folks. There's no such thing as our "true face" - American was populated by the radicals and r
293.
by boc 5y ago
That's not true. If you said 320kbps MP3 then maybe I'd agree. 128 sounds crushed as hell on most decent setups.
294.
by boc 5y ago
This take is everywhere online but I don't see a lot of evidence for why this historical moment is different from past moments. Fear sells news and ads. You're the sucker buying it.
295.
by boc 5y ago
I think we need to consider the possibility that much of the Russian army only existed on paper, and that the true strength was overinflated by trickling up good news only throughout all ranks of the military.[1] Readiness was overstated. E
296.
by boc 5y ago
The Japanese surrender in WWII due to sustained strategic bombing of civilian cities without a single troop landing in mainland Japan is a clear contradiction to this take.
297.
by boc 5y ago
The US is "in love with Shock and Awe" because it worked extremely well. Russia doesn't have the air power to pull it off, which is why they are running a version of Deep War, but without a second echelon to prevent their sup
298.
by boc 5y ago
I actually disagree. I think that democratic society should have the tools to wage economic warfare in the same way that they can wage kinetic warfare. Saying that it's "too bad" that Russian citizens are locked out of intern
299.
by boc 5y ago
The main thing I've noticed on HN is that having a contrarian mindset is rewarded, even in situations where it doesn't add to the conversation. If you read the two examples the author gave, he's actually being reflexively con
300.
by boc 5y ago
This sort of thing might work in the heart of the Alps where there are villages and helipads scattered around the bases of these giant mountains, but absolutely do not rely on this type of rescue method in North America. The rate of survi

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