cryptica

21 ms·

181.
by cryptica 4y ago
This hits the nail on the head. Also, all the money-printing creates extreme market distortions, inequality and injustice. It greatly increases the role of luck and social connections in financial success (due to Cantillon effects) and ther
182.
by cryptica 4y ago
I think similarly. If you have control over the back end environment, it's not worth the extra effort, additional complexity (e.g. caching challenges) and performance overheads to run a GraphQL server.
183.
by cryptica 4y ago
This is mostly true except, critically, for the cryptocurrency use case; which happens to be one of the most important use cases in existence. Currencies make up half of every trade. It's difficult to fully appreciate how important of
184.
by cryptica 4y ago
They're not raising prices to make more profit. It's just to try to tame inflation. They're intentionally trying to cause hardship to make people more desperate for fiat so that they work harder for less money. But IMO it&#x2
185.
by cryptica 4y ago
> we should start to value principles over patterns, patterns over libraries, and libraries over frameworks. This is very well put. I've been thinking this way for some time. Unfortunately, too many people choose patterns over princ
186.
by cryptica 4y ago
This sounds like kicking the can down the road because the quality of technical tests seems to keep getting worse each year. All these supposedly low-risk hires have caused the quality of engineering to decline over the years which caused a
187.
by cryptica 4y ago
Resumes are not as dangerous as technical tests. 90% of top companies have terrible technical tests which select mediocre candidates and pass up on excellent candidates. Technical tests with time limits are the worst; this is in part becaus
188.
by cryptica 4y ago
The way the banking system works now, it mostly creates money where it's not needed. That's why there is such high inequality which keeps growing. New capital is just deployed to chase old capital. It creates anti-competitive moat
189.
by cryptica 4y ago
Correspondent banking just seems messed up at the incentive layer... Seems like there is an incentive for banks to just credit free money into each other's accounts... Surely they can create lots of smaller (low profile) banks with acc
190.
by cryptica 4y ago
Sure, it helps to improve the aggregate well being of those who participate in the fake economy at the expense of those who participate in the real economy... Great for crooks!
191.
by cryptica 4y ago
Of course it will backfire. Progressives these days have no real values aside from extracting as much money as possible from governments and citizens without providing any value in return. Once this strategy stops working, they will turn on
192.
by cryptica 4y ago
There is no such thing as 'contradicting science' - Science is never settled, never certain. If it was, it would be called Mathematics.
193.
by cryptica 4y ago
We have more regulation now than ever before. Regulations are to blame for destroying the middle class. Corporate lobbyists are the ones who craft regulations. They're not working for the middle class. Why do corporations pay lobbyists
194.
by cryptica 4y ago
Yes, the financial system should have been left to melt into oblivion and then people could have rebuilt it properly instead of allowing the crooks to keep doing what they've been doing and making the problem even worse. The financial
195.
by cryptica 4y ago
> This isn't true. Otherwise, exchange rates wouldn't be changing every second. Prices fluctuate because people trade currencies on forex markets but those traders are not a significant force in the long run... Government reser
196.
by cryptica 4y ago
The Bretton Woods system never fully ended in reality. Bretton Woods just ensured that all foreign fiat currencies would be pegged to the US dollar which at the time was pegged to gold. It was intended as a mechanism to allow all global cur
197.
by cryptica 4y ago
> No one reporting that apparently. Just some things that the mainstream media lied about: - The NIH having funded gain of function research in Wuhan Labs. - The mortality rate of COVID19 (they ignored obvious issues with data collection
198.
by cryptica 4y ago
This intense competition over eyeballs is driven by the monetary system. Money printing creates a supply side economy (demand-constrained, as opposed to supply-constrained). All companies just produce as many goods and services as they can
199.
by cryptica 4y ago
It's such a financially convenient line of thinking. It's absolute nonsense. Both at face value and once you dig into it. Mainstream media is feeding us constant lies which work against our interests, destroy our ability to trust
200.
by cryptica 4y ago
/r/conspiracy subreddit but the credible information is mixed together with fake news. But it's easy to figure out which is which if you do a few searches online. A lot of stuff on there just seems insane, but then you start
201.
by cryptica 4y ago
IMO, it's not mental illness, especially if there is a goal to it. Maybe he wants to make extra rooms, an underground bunker, etc...
202.
by cryptica 4y ago
> hostile against people who have become involved with crypto because they felt they had no other option I've been a victim of this. People in crypto hate you for trying to do things the right way (connecting crypto to real economic
203.
by cryptica 4y ago
I figured this out several years ago when I tried to build a full-stack framework to seamlessly connect the front end and back end into a single development experience (kind of like what Meteor and Next.js turned out to be). I ended up canc
204.
by cryptica 4y ago
I've felt inadequate throughout most of my early career. That's how I know that the confidence I have today is well deserved. I've never had impostor syndrome though. To have impostor syndrome, you have to be given opportunit
205.
by cryptica 4y ago
That's why DEXs should rely on order books, not AMMs. Front running can be avoided by allowing traders to place limit orders. AMM orders are even worse than market orders because slippage provides more room for manipulation.
206.
by cryptica 5y ago
It doesn't make sense to build this 'capabilities' feature into the program itself. It feels a bit like taping your mouth shut in order to lose weight. It doesn't make sense for a program to not trust its own code any mo
207.
by cryptica 5y ago
Agreed, it's about the magnitude of the impact. A massive economic crash would affect people in the countryside too but the difference is that there is a much higher chance to survive by downgrading your lifestyle. As a basic example,
208.
by cryptica 5y ago
If there was going to be a food shortage in a big city which could not be stopped... Would the government tell people that there is going to be a food shortage? IMO, they wouldn't because this would cause panic buying by some which wou
209.
by cryptica 5y ago
This shows the fragility of big cities. People who live in a big city are highly dependent on the government and the economy. Cities don't produce much food themselves so it has to be brought in from other parts of the country every da
210.
by cryptica 5y ago
I don't understand what people mean when they talk about their 'darkness.' It almost sounds like some people don't understand their own motivations. I can't even imagine how that's possible. To me, it's tr

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