coralreef

15 ms·

31.
by coralreef 5y ago
And no one forced her to take a break and take conscious perspective of how we live our lives. This is a common experience: we all take things for granted or assume that things have to be done a certain way, simply because that's the w
32.
by coralreef 5y ago
The Central Bank money printer?
33.
by coralreef 5y ago
Which part of the passage you quoted shows her toxicity? Unless you think she's lying.
34.
by coralreef 5y ago
Tesla didn't like paying banks to store its money in Europe via negative interest rates, so they moved in into Bitcoin. https://www.techtimes.com/articles/263185/20210721/elon-musk...
35.
by coralreef 5y ago
Alright then, seems like you’ve made your initial point and have no further interest in discussion, so have a good day.
36.
by coralreef 5y ago
Semantically, yes, and you're speculating as well. You're speculating that fiat would remain stable and hold value, that inflation would not run rampant. I'm refuting your speculations of stable fiat with evidence shown in th
37.
by coralreef 5y ago
> the alternative has never been a crypto Cryptos have only existed for ~12 years. > it's always just a more stable fiat. What happens when there are no longer any stable fiats in the world? Do you see whats happening with negati
38.
by coralreef 5y ago
The FBI needs file hashes of every photo on everyone's phone. It will help detect abusers of cp/illegal content. It is the mandate of the FBI and their job for a long time now to stop those things. There doesn't seem to be an
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by coralreef 5y ago
Yeah, I would call that trusting the notes to retain their value by lunch time. It’s confidence in the currency and ultimately the central bank/government. If you don’t have confidence in it, you don’t want it.
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by coralreef 5y ago
It says that an asset was trustworthy until it failed to be trustworthy.
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by coralreef 5y ago
> Cryptocurrencies are superior to fiat money only if you accept the ideological basis for them. Hmm, ask the people who depend on the Turkish Lira, Argentine Peso, Venezuelan Bolivar, Lebanese pound, etc. if the ideological basis of cry
42.
by coralreef 5y ago
Don't know if percentage of money being spent is a good metric, but Bitcoin is 92.45% the market cap of silver, and 11% the market cap of gold.
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by coralreef 5y ago
> Really though, for any serious use case, efficacy trumps ideology every time. What's that mean? If efficacy trumps ideology, then why do cryptos exist?
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by coralreef 5y ago
Crypto provides utility by being decentralized, permissionless to participate in, and censorship resistance. The reason mining consumes so much aggregate energy is because it is the most profitable use of energy at the moment. Part of this
45.
by coralreef 5y ago
This is not strictly correct. When you game on your 3080 GTX at max graphics in VR, you wouldn't call that wasted computation because it provided utility to a human in the form of entertainment. Proof of work provides utility in the fo
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by coralreef 5y ago
If you don't have a young user base now, then in 10 years you might not have a user base at all. Young people will eventually grow old, have jobs, etc. The cycle continues.
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by coralreef 5y ago
If they figure out self driving, they'll displace car rental companies anyway by being the next Uber.
48.
by coralreef 5y ago
A contractual sales commitment is valued differently compared to a "what if" calculation.
49.
by coralreef 5y ago
I once had a co-worker at a small company (2 developers, me and him). In the spirit of doing less work, he proposed to me changing the meaning of "someProperty" to mean something different, without changing the name of that proper
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by coralreef 5y ago
https://www.investopedia.com/terms/c/ceterisparibus.asp
51.
by coralreef 5y ago
> That there are fundamental misunderstandings and misconceptions about existing systems. This is debugging 101. You have assumptions about how a system works, but the output isn't matching those assumptions. You walk backwards over
52.
by coralreef 5y ago
He's pro crypto/bitcoin, but he also called it a Chinese weapon undermining America: “I do wonder whether at this point, Bitcoin should also be thought [of] in part as a Chinese financial weapon against the U.S.,” Thiel said durin
53.
by coralreef 5y ago
If the alternative energy sources are even more expensive, then yes, it makes complete economic sense for me to invest in this because it yields a positive return. All you've done with this example is try to say that X is better than (
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by coralreef 5y ago
I don't buy this. Trickle down economics is bullshit. Investment happens anywhere there is a chance of positive return. Investing in new technology either as an inventor/entrepreneur or dumb money still offers returns exponentiall
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by coralreef 5y ago
Drones, automated harvesting, self driving trucks, software etc. will make their way into those industries eventually. If wage growth isn't coming organically for whatever reason, then some form of wage subsidy will need to occur. Or,
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by coralreef 5y ago
Gonna be controversial but one idea is the universal basic income, financed in part by capturing the value from the means of production (capital owners, technology creators) as they replace labour with machines.
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by coralreef 5y ago
Technically they don't need to justify their market cap, the market assigns their value for them by trading their stock. There's no need to "argue" a companies value, you speak best by shorting/longing.
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by coralreef 5y ago
You should qualify what "more fake" means and how.
59.
by coralreef 5y ago
Sure, if we want to devolve into semantics: NFTs are both worthless and valuable, depending on who you ask.
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by coralreef 5y ago
The Bitcoin network has produced blocks every 10 minutes since January 3 2009 without fail. It is a decentralized network that has faced the test of government, natural disaster, organizational and technical risk, etc. So no, maybe blockcha

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