dcolkitt

31 ms·

271.
by dcolkitt 5y ago
Salaries aren’t determined by essential-ness, they’re determined by supply and demand. Obviously a nursing home aid is a lot more “essential” than a FAANG engineer, but the latter is paid substantially more. It sounds flowery and noble to p
272.
by dcolkitt 5y ago
The probability of a vaccinated person young enough to have primary aged children dying from Covid is less than the flu.
273.
by dcolkitt 5y ago
That's not true. This time last year, the Beacon chain had only been running for a little more than a month. Also the code was not complete to merge Pow/PoS chains. The merge has already happened on Testnet, so literally the full
274.
by dcolkitt 5y ago
The analogy would work if Ethereum staking rewards were inflationary. But post-EIP 1559, there's a zero-to-negative net issuance of Ethereum on an ongoing basis. After the merge, the entirety of that (plus MEV bribery) goes to stakers&
275.
by dcolkitt 5y ago
Ethereum also pays dividends in the form of staking rewards. About 7% today, and most likely going to 10%+ post-merge. That makes the yield on Ethereum significantly higher than the majority of stocks in developed markets.
276.
by dcolkitt 5y ago
> Because it turns out every crypto market is a negative-sum game. [Citation needed] You can't just hand wave and assume this to be true. If the world's major investors decide that crypto represents a store of value, then that&
277.
by dcolkitt 5y ago
That's a really interesting scenario. But I'd imagine if double-spends became a persistent threat, they'd just hard fork to a slightly different hashing algorithm. That would brick all the pre-existing ASICs. In the 2018 bear
278.
by dcolkitt 5y ago
Exactly. Stratospheric aerosol injections are ready to roll today . They're extremely well understood because we have so many historical records of natural volcano eruptions lowering global temperatures. The technology is already matu
279.
by dcolkitt 5y ago
Blood Meridian
280.
by dcolkitt 5y ago
Solana and Avalanche both process more transaction activity than Ethereum (and way more than Bitcoin). And that’s not “fake activity” by any means. Both chains run essentially the same DeFi and NFT activity as Ethereum.
281.
by dcolkitt 5y ago
> Solving human issues (eg laws), requires human solutions, not pseudo-technological ideas. Disagree with this general viewpoint. For example I think NYC Yellow Cab laws were antiquated, rent-seeking, and anti-consumer. App-based ridesha
282.
by dcolkitt 5y ago
> There is no major cryptocurrency using anything other than PoW 7 of the 10 largest chains use PoS.
283.
by dcolkitt 5y ago
This is a misunderstanding. Many DAOs have off-chain legal entities attached. In American law, corporations are people. American Courts will give a very high leeway to respecting whatever corporate bylaws dictate. Including being governed b
284.
by dcolkitt 5y ago
And in a day or two, you could find the most expensive old Dutch master sold at Sotheby's and have a perfect digital replication. Nobody would stop you from hanging it out up in your living room, or even announcing to everyone on socia
285.
by dcolkitt 5y ago
> There's no respect to be earned from a public digital trail admitting you've traded real money for a link to a fake clout badge. Except there clearly is. At the point where many of the world's most famous athletes, music
286.
by dcolkitt 5y ago
Half of my Twitter feed is profile pics of NFTs being displayed prominently. In a pre-digital pre-social media world you’re right. But in the modern world where people spend more time socializing online than in meatspace, digital goods beco
287.
by dcolkitt 5y ago
No it’s a lot more like the market for luxury goods. Why does a Chanel purse sell for substantially more than a similar quality leather bag from a generic manufacturer? Because of the intangible status market of the Chanel brand. If the Cha
288.
by dcolkitt 5y ago
Top forgeries are so similar that it often takes a team of experts independently examining a piece until the fake is detected. Are you seriously trying to claim that the reason the original Mona Lisa has value (vis-a-vis a high quality forg
289.
by dcolkitt 5y ago
But you're not paying for the tangibility. Digital image replication is near perfect. You could have a tangible copy of the Mona Lisa that is physically indistinguishable from the real one. The reason people pay millions for artworks i
290.
by dcolkitt 5y ago
Exactly. Ten years ago people thought of MSFT more like INTC or IBM than GOOGL or AMZN
291.
by dcolkitt 5y ago
You can easily short Tether on DeFi platforms that can’t be locked down.
292.
by dcolkitt 5y ago
This shouldn’t be surprising. Permissionless systems often innovate orders of magnitude faster than permissioned systems. So many of these threads are filled with comments of the form “well why do we actually need a blockchain for that? Can
293.
by dcolkitt 5y ago
Latvia is Central Europe?
294.
by dcolkitt 5y ago
One driver of that is the model of owner occupied housing as the primary mechanism of middle class wealth accumulation. Traditionally SFHs tend to perform much better as investments than condos. When you’re in an environment of secularly ri
295.
by dcolkitt 5y ago
There’s literally nothing stopping the average person from doing that, besides their own preferences.
296.
by dcolkitt 5y ago
I don’t think this is necessarily true. The value of the land you own can increase over time, but the cost of a square foot of housing decrease, as long as density keeps increasing. Say I bought a house on a half acre for $500k. Then someon
297.
by dcolkitt 5y ago
Except it really doesn’t. The United States has been a stable democracy with absolute freedom of speech for two and a half centuries. The same for Switzerland and the UK (British hate speech laws were only installed in the 1990s). In contra
298.
by dcolkitt 5y ago
Many quant funds have similar “gap to zero” risks like DeFi. Many swaps desks at bulge bracket banks have “gap to zero” risk. Many derivatives strategies actually have “gap beyond zero” risk, as in you can lose more than 100% of your invest
299.
by dcolkitt 5y ago
Plenty of asset classes exist with fundamental risks. The risk of investing in stocks is always that the underlying companies could have their business ruined overnight for any reason. The risk of swaps is always that the counterparty could
300.
by dcolkitt 5y ago
As someone paying a six figure invoice to have their project audited right now, it's really not that simple. Do audited projects get hacked? Yes, absolutely. Is a clean audit report mean a project is bullet proof. Definitely not, espec

More ›