dalbasal

68 ms·

631.
by dalbasal 5y ago
If the only point is avoiding authorities, then I guess a regulator's job is to kill it. If it's useful to the economy, regulate it.
632.
by dalbasal 5y ago
Well... the fair use case and/or the public good case are pretty strong for news.
633.
by dalbasal 5y ago
Turning the proposition around, why not have regular banks, even the Bank of England. Issue an official GBPCoin, or a banking framework that does the same thing. Have whoever needs stablecoin use that. That is, stablecoins are basically USD
634.
by dalbasal 5y ago
I think you're describing stablecoins just right. If that's all of it though, why should anyone be interested in what reserves these stablebanks hold. What they're doing is, creating a USD bank. It's not just about ban
635.
by dalbasal 5y ago
Exactly, sort of, lol. That's why institutions that do this are usually banks. This isn't just a large company holding liquid assets. These are reserves backing what is, mechanically, a USD account. IDK what the explicit promises,
636.
by dalbasal 5y ago
I agree, but I also think that reserves are only part of the game. A lot of the story resides in Coinbase' market transactions. How do they stabilize their stablecoin, precisely?
637.
by dalbasal 5y ago
Why do you assume that? Apple's cash reserves and are not the same thing as a stablecoin reserves. One is cash that a company owns, like Apple, and their shareholders own it along with the rest of the company. The other is the cash res
638.
by dalbasal 5y ago
In that case, why not hold dollars? Regardless, the curious/frightening thing about these stablecoins is what tf is going on in their "central bank" ops room to stabilize them.
639.
by dalbasal 5y ago
I'm not sure that's less of a scandal. Sounds a lot like dollarization, but on a small, private scale. They have a war chest, containing stuff other than USD, that can be used to defend their dollar peg. So... what? When demand is
640.
by dalbasal 5y ago
This needs to change, big time. There is almost no cash value to an article one day later, yet we completely impoverish the public domain for its sake. Not only are creators of valuable works is usually pretty distant from direct ownership
641.
by dalbasal 5y ago
Well... people are resourceful. I mean, we may have gotten soft living in civilisation... but we still have some survival instinct. Shade, bathing, burrowing etc. Still, that factoid is troubling. These are conditions that exceed humans
642.
by dalbasal 5y ago
I don't think we disagree. That's why I wrote had/have. Highly idealistic ideas for crypto have been a huge part of this whole thing. Predictably though, reality is bringing the ideas down to earth... and what you describe is
643.
by dalbasal 5y ago
The social class metaphor is stretched pretty thin, but it can be interested to follow such threads and see where they lead. I suppose it's endlessly interpretable, but here's my take on bringing it down to earth. - Different &quo
644.
by dalbasal 5y ago
So... I don't think there's a universal "underlying problem." Everything has a context. Mobilising the capacity of an economy is, IMO, a macroeconomic question. Besides being big and involving the whole economy, macroeco
645.
by dalbasal 5y ago
Take what you can get, just take it in context.
646.
by dalbasal 5y ago
> So it seems to me that not all of his wealth is usable Bezos is the richest, so we don't have examples quite at that scale. That said, we have some pretty big (eg gates, buffet) announcing liquidation & donation without anythi
647.
by dalbasal 5y ago
It is the dream of every PM to come up with a bold UX innovation that gets praise, and many believe the gospel that the software is better at figuring out what the customer wants than the customer is. And you get extra points these days fo
648.
by dalbasal 5y ago
IDK if he quite "spoke out" but he mentions them unfavourably in a few essays, sometimes indirectly. The one that comes to mind is "notes on nationalism" which IIRCC has it listed along with republicanism, zionism &
649.
by dalbasal 5y ago
I know this is a grammar troll and I'm breaking a rule, but this made me giggle, and then try to find examples.
650.
by dalbasal 5y ago
Esperanto probably inspired Orwell on this, at least to an extent. He knew several Esperantists. Most of the "A vocabulary" rules are similar, like valuing regularities. I wonder if he hated esperanto, or just conveniently borrowe
651.
by dalbasal 5y ago
I suppose that statement is true in both directions. Directness and honesty are often missing, and I agree that this can be insulting and perceived as arseholery. Equally, people who are being arseholes at work also confuse their arsehole
652.
by dalbasal 5y ago
>>If "vote with your wallet" doesn't work and only causes, say, 1 million people (out of the billion+ customers) to switch off of iOS, doesn't that mean that the rest of the billion+ people really don't care e
653.
by dalbasal 5y ago
>> Behavior patterns were not productive. I agree with you on success often being in spite of, or regardless of negative traits. That said, there are quite a lot of arseholes at the top... or maybe being at the top allows arseholes t
654.
by dalbasal 5y ago
The common, instinctive reaction in tech circles & HN seems to be some version of "consumer action," vote-with-your-dollar stuff. This isn't going to work. It almost never does. At most, it'll be affect a minor tweak
655.
by dalbasal 5y ago
ehh.. so... I agree that this is a thing. I'm not sure its the thing. Clubhouse got a fast start with appearances but the likes of Musk, high interest content like the CEO of Robin Hood's appearing mid-gamestop craziness, etc.
656.
by dalbasal 5y ago
I'm in Ireland, which is (was?) gently moderated by warm ocean current to a perpetual 11C drizzle, with 10c swing between summer and winter. Besides short winter days, it's easy to forget how far north we are. Inland Russia, Canad
657.
by dalbasal 5y ago
So... the obvious Serious Issues here are privacy and child pronography. This blog though, is about an issue I don't know how to define concisely. It's about getting labeled, for whatever reason as " high risk. " I fla
658.
by dalbasal 5y ago
"”Apple sells iPhones without FaceTime in Saudi Arabia, because local regulation prohibits encrypted phone calls. That's just one example of many where Apple's bent to local pressure. What happens when local regulations in S
659.
by dalbasal 5y ago
So... that path exists in tech too. As you say, a "big tech from CS school" trailhead. Politics, and tech versions of rainmaking play a role sorting into senior positions from there too. Up to this point, a tech career has a lot m
660.
by dalbasal 5y ago
In theory, sure. In practice, skepticism can be impractical. The guys printing the food pyramid postor needs science's guidelines. The hospital director wants to provide guidelines for the catering contract. Etc. IDK is fine, but they

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