dcolkitt

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331.
by dcolkitt 5y ago
It’s pretty clear from the article that the author thinks markets are intrinsically bad, most entrepreneurs and founders are generally bad, and that economic activity is generally better coordinated and controlled by the state. And it’s pre
332.
by dcolkitt 5y ago
I’d say it’s more shocking how little they pay. These are founders who’ve created trillion dollar properties. Them being hurt or even hassled would potentially destroy billions in market value. If I was a shareholder, I’d insist on spending
333.
by dcolkitt 5y ago
It would also allow the recreation of something like the original Netflix DVD service but purely digital. No more having to manage a half dozen plus streaming subscriptions. One company could go out and start building a comprehensive librar
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by dcolkitt 5y ago
Not against the law at all. If market manipulation and insider trading of art was illegal half the gallery owners, collectors and critics in New York and London would be in jail. Bad look for OpenSeas and unethical? Sure.
335.
by dcolkitt 5y ago
Don’t you remember that time someone got caught insider trading stocks and it made everyone realize that the joint stock corporation was a bad idea.
336.
by dcolkitt 5y ago
I don’t see it as getting rid of moderation, I see it as unbundling moderation from the network. Like why can’t I use Twitter or Facebook but select from a wide variety of moderation overlays. If I don’t like Trump or anti-vaxx stuff, I can
337.
by dcolkitt 5y ago
So… just call the colleague who knows on the phone? How is this any different than walking over to their desk and asking? It’s very weird how adverse people are to spontaneous phone calls. Especially the younger generation. Everything has t
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by dcolkitt 5y ago
Another way to think about this is that historically equity returns are so consistently high that even with an accurate predictor of returns it’s not worth not being exposed to stocks. Even if you know the next ten years will be in the bott
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by dcolkitt 5y ago
SSC had a pretty comprehensive summary of the existing research on long-term medical amphetamine usage. The summary is that there's probably a health impact, but it's very small. The biggest risk is probably a 50% or so increased
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by dcolkitt 5y ago
It is instantaneous from the perspective of the object’s internal clocks . Traveling at the speed of light results in infinite time dilation. Which means that from the perspective of an outside observer, no time at all is passing inside th
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by dcolkitt 5y ago
> This is a new enough phenomenon This is a common misconception. Amphetamine was used to treat childhood ADHD going back to the 1930s. (Not to mention that amphetamine was widely used to treat sinus congestion and allergies in everyone,
342.
by dcolkitt 5y ago
This is something I don’t understand. People have been having informal conversations with their friends, family and even colleagues over the phone for a hundred years. I almost feel like it’s a generational thing. People who came of age bef
343.
by dcolkitt 5y ago
I've noticed what often causes rambling is writing a sentence that I'm only 50% sure conveys the idea. I'll keep writing variations of the same core sentence in the hope that one of them will work for the reader. The thought
344.
by dcolkitt 5y ago
No. There's only an LLC who's bylaws state that the managing member is whoever the holder of record on the blockchain is. Effective transfer of the property is affected purely in crypto space through transfer of the NFT, possibly
345.
by dcolkitt 5y ago
My objection is that it's generally creepy anytime an institution tries to control or monitor the inside of an individual's body. Same reason I find workplace drug tests extremely distasteful. Like you can give me all the argument
346.
by dcolkitt 5y ago
A judge is a lot more likely to twist the language in a legal contract than he is to outright appropriate property that's not even being legally transferred. The latter would be immediately reversed by an injunction in a higher court,
347.
by dcolkitt 5y ago
Said judge would be overturning 50 years of American corporate law, which gives LLCs extremely wide leeway in determining their bylaws. Could some two bit local judge try it? Sure, but it would ultimately get taken to the Supreme Court. And
348.
by dcolkitt 5y ago
Both you and the bank can create liabilities and use it to buy assets. The difference is the bank’s liabilities (e.g. deposits in a checking account) are generally viewed as interchangeable with money. Whereas Steve’s personal IOUs are not.
349.
by dcolkitt 5y ago
The US is a net exporter of food, and yet the price of food has significantly undershot headline inflation over 30 years.
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by dcolkitt 5y ago
Digital replications of paintings are perfect. So it’s just as easy to say: If I buy an NFT, I have a monkey as my Twitter avatar. You don’t (not the same monkey, anyway).
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by dcolkitt 5y ago
I bought a house. I paid an escrow company a hefty fee to essentially hold a pile of money in a trusted way while the property was under contract. Now imagine we transfer ownership of the house to a DAO tied to an NFT. American law allows c
352.
by dcolkitt 5y ago
Nobody would care anymore than the owner of a Van Gogh would care about you printing a copy of the painting and hanging it up on your wall. The value isn’t in the raw image, it’s in the status and prestige of socially recognized ownership.
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by dcolkitt 5y ago
This is like saying, I now own a million BTC because I forked the Bitcoin blockchain and moved all of Satoshi’s holdings to my wallet. Ownership is just a social construct. Society now recognizes cryoto keys on the blockchain as a form of o
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by dcolkitt 5y ago
No, because unlike Western Union people don’t have to take out their whole balance at once. In fact they don’t have to take out anything, because they can use Chivo BTC to pay anywhere.
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by dcolkitt 5y ago
The price of a NYC taxi medallion fell from $1 million in 2014 to under $50,000. How else do you explain that besides the disruption caused by Uber. You might point and stammer " but, but, the rules written in the book still say the sa
356.
by dcolkitt 5y ago
Did Uber not fundamentally change the taxi and limousine laws? Did AirBnB not fundamentally change hotel and rental law? Did file sharing not fundamentally change copyright enforcement? Did Internet pornography not fundamentally end obsceni
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by dcolkitt 5y ago
Compound isn’t subject to impermanent loss. It’s a lending protocol, not an exchange protocol.
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by dcolkitt 5y ago
> who are most likely to be moderates as they don't really care but generally are reasonable educated people and don't agree with the extremist views Except this isn’t true. Non voters are significantly less educated than voter
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by dcolkitt 5y ago
All the more reason to switch to Ethereum, which transitions to a low-energy proof of stake model in the next six months.
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by dcolkitt 5y ago
“Yes, that’s right. The shoplifted said he was going to use all the stolen merchandise as part of his unregistered securities exchange.”

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