boc

31 ms·

331.
by boc 5y ago
I used to think this until someone pointed out that the earth isn't a fixed distance from the Sun.. it varies throughout the orbit from a minimum of 91 million miles to a maximum of 94.5 million miles away. So there's already a 3.
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by boc 5y ago
Wait wait wait. Stablecoins are pegged to FIAT currency. They serve as an on-ramp into the crypto ecosystem. Backing stablecoins like Dai with cryptocurrency instead of fiat is super dangerous because you need FIAT in a exchange crisis, not
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by boc 5y ago
Current vaccines are non-sterilizing and therefore do not effectively stop the spread/transmission of SARS-CoV-2 (the virus) but is very effective at preventing the disease the virus causes (COVID-19). Initially the vaccines were able
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by boc 5y ago
This is a very surface-level understanding of the concept of the economy. We could all use river rocks instead of dollars and fundamentally the economy would be unchanged. We could all (try) to use Bitcoin tomorrow and the economy would be
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by boc 5y ago
A carbon tax in the US just moves the miners somewhere else without a carbon tax. That carbon still ends up warming the same planet, thus not solving the problem in any meaningful way.
336.
by boc 5y ago
You aren't missing anything. Crypto doesn't solve an existing problem. It was created by arrogant software engineers who thought they know monetary policy better than people who devote their entire lives to the study. It's su
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by boc 5y ago
I'm very glad we're all collectively killing the planet so that we can keep a massive ball of digital detritus alive. Crypto has gone from "It's a currency!" to "It's a commodity!" to "It's
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by boc 5y ago
You're describing SROs and they've been disappearing from cities like SF, despite being a decent option (on paper) for transition housing. Here's a primer: https://thebolditalic.com/life-inside-sf-s-vanishing-
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by boc 5y ago
First off, oil is a global commodity, so it's not true that you can just isolate yourself from global price movements. Second, how many soldiers in the Chinese PLA or PLAN have ever fired a weapon against a hostile force? The US has sp
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by boc 5y ago
Which will remain the United States as the sole superpower. China does not have a blue-water navy and won't for another decade+, which means they cannot regulate oil shipping routes worldwide like the USN. Russia can't project nav
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by boc 5y ago
I'll go a different route and recommend that you read The Ascent of Money[1]. It's much more engaging to read vs an econ textbook and it will give you a much better understanding of money, currency, and finance by starting way bac
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by boc 5y ago
You can put your money where your mouth is by setting up a divergent-pairs position for T-bills and TIPS. The markets still believe the FED knows better than you. But hey, the great thing about our system is that you're always allowed
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by boc 5y ago
Jack is a crypto maximalist who is trying to sound the alarm over a very, very unlikely outcome. He's biased.
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by boc 5y ago
Unravel the petrodollar and replace it with what? There are no better alternatives.
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by boc 5y ago
This is wild! When I dream it feels nearly indistinguishable from conscious life. Full color, sounds, pain, fear, people - weirdest of all is when people in my dreams solve problems that I can't solve, like math problems. Really trips
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by boc 5y ago
Not sure about others but I can see what my brain thinks is a picture of Mount Everest. It's not a photorealistic image because I've never actually seen it IRL, but it's just a composite idea of Everest from movies, YouTube v
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by boc 5y ago
So wait, if you close your eyes and picture Mount Everest, you can't see Mount Everest in your head? For me it's easy to "fly" around my neighborhood just by closing my eyes and remembering what the streets and trees and
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by boc 5y ago
I actually don't disagree with your overall point when we're talking specifically about losing weight. For losing weight, it's all about limiting your consumption of calories from any source while increasing the amount of cal
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by boc 5y ago
It also ignores the role of macronutrients and digestive absorption rates entirely. For example, one could drink one cup of olive oil daily and get ~2000 calories into your body. You would probably start suffering immediately on that type o
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by boc 5y ago
It's hard to find a serious economist who doesn't see major flaws with bitcoin. It's because bitcoin was designed by engineers, not economists. Bitcoin could only have been created by engineers - it misses a few fundamental t
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by boc 5y ago
The US has a reverse issue when it comes to real estate. After 2008 we stopped building and now prices are rapidly spiraling upwards as we realize that we're playing musical chairs without places for over four million people[1] to sit.
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by boc 5y ago
The sooner you realize that nobody is running the world from the shadows, the better off you'll be from a mental health standpoint.
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by boc 5y ago
Say more?
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by boc 5y ago
https://www.fda.gov/news-events/press-announcements/fda-appr...
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by boc 5y ago
And if you start a fire due to negligence in a "closed" federal forest you're in for an absolute world of hurt.
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by boc 5y ago
Believe it or not there are tons of two-way roads like that just 30 minutes from Silicon Valley that self-driving cars could practice on. Here's an example: https://goo.gl/maps/1CVb7Mpiwv1VL2sd7
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by boc 5y ago
Then why did the "worst" variant so far come from a place (India) with extremely low vaccination rates at the time? It's a numbers game. With chickens there are billions of chickens created and destroyed annually, and almost
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by boc 5y ago
This isn't really how supply and demand work. If I create a job that pays $100,000 per hour for making me a coffee whenever I ask, I assure you that plenty of people will come off the sidelines and apply for that job.
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by boc 5y ago
They can't do that because they have likely been "printing" tether out of thin air to boost the price of Bitcoin. They don't have assets to buy treasuries, otherwise they would have 100% done it. In reality, there was ne
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by boc 5y ago
Yeah it's actually quite clever. Once you realize you've been trapped in a scam, the only way out is by hyping bitcoin so much that enough liquidity enters Bitfinex and allows you to liquidate your holdings. If you blow the whistl

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