dcolkitt

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by dcolkitt 5y ago
I understand that a lot of folks here are crypto skeptical. But regardless of your overall view, one thing to to understand about the Portman-Warner amendment is that it exempts proof-of-work (PoW) miners but not proof-of-stake (PoS). Whe
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by dcolkitt 5y ago
Apple's a $2 trillion company. If not even they have enough legal firepower to stand up to the three letter agencies, what possible chance does any other private citizen have. This should be a wake-up call. It's time to start dism
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by dcolkitt 5y ago
I mean, here's the thing. Most new grads are drastically overestimating the importance that they're onboarded quickly. The median productivity of a new grad is approximately zero for the first year. Maybe even negative. Nobody rea
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by dcolkitt 5y ago
Wait, what. I’m more shocked at the part at the end about Mississippi not ratifying the abolition of slavery until 2013.
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by dcolkitt 5y ago
> Unless, of course, you think that the vaccine is more dangerous than coronavirus. And then I don't really know what to say. I'd still encourage everyone to vaccinate for pro-social reasons, but for the young and the healthy
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by dcolkitt 5y ago
At $420/week, federal FICA taxes are about $45. Federal income tax would be zero at this level. (Actually probably negative once you add back in the EITC)
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by dcolkitt 5y ago
Gym memberships can be had for $20/month or less, and provide a full bathroom facility for showering and grooming. I'm not trying to be pedantic. I'm just pointing this out for anybody reading this who may find themself in a
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by dcolkitt 5y ago
It’s funny but the high cost of both are of those things you mention are the result of artificial regulatory restrictions on supply. Entrepreneur property developers are ready, able and willing to build a tidal wave of housing, but are shac
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by dcolkitt 5y ago
I'm pretty partial to this vignette by Bryan Caplan[1] about how many headaches and road bumps there are, for even the smallest, simplest business you can think of. " Back in February, I got the idea to create a COVID vaccination
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by dcolkitt 5y ago
It's tough to quantify. It's not just about the PB revenue itself. It's the fact that it's an entry point for a lot of institutional client activity that's necessary for a lot of other lines of business. For example
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by dcolkitt 5y ago
“There is no second-grade product-market fit. Product-market fit only comes in one grade: first. Either a product fits the market… or it does not.”
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by dcolkitt 5y ago
Luckily, never had to go through an audit yet. But spot checking a subset of transactions isn’t actually workable. Because of the wash sale rule, the adjusted basis on any single transaction is path dependent on both the previous and future
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by dcolkitt 5y ago
Okay. How about companies that create book keeping software? Should they be required to KYC their customers.
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by dcolkitt 5y ago
I actually agree with you! PoW (proof-of-work) coins produce a big negative externality. That being said Ethereum is migrating to a PoS (proof-of-stake) system by year end that virtually eliminates all the problems you enumerate. Even if yo
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by dcolkitt 5y ago
> Do you also call it a "privacy disaster" when your bank account requires your name and address so they can report interest payments to the government? Or when Robinhood/Schwab/Vanguard/Etc send the IRS a list o
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by dcolkitt 5y ago
> I don't see any scientific or technological application That's a defensible position. But how does that justify the government going to "total war". There are plenty of things that have no scientific or technologica
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by dcolkitt 5y ago
That's not true. The major dollar stores have significantly lower operating margins than comparable local groceries.
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by dcolkitt 5y ago
One of the underlying problems is that the capital gains tax code itself is designed for a world from a pre-financialized, pre-electronic world from the 1950s. The idea that someone might trade in and out of positions within milliseconds, p
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by dcolkitt 5y ago
I agree that the end effect will be largely what you suggest: aggregate activity in large institutions at the expense of smaller startups and decentralized protocols. But from talking to people in the space, it seems that most of the large
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by dcolkitt 5y ago
This is my sense as well. Congress will pass overly broad language, then the actual regulators who actually have to put in place will be like " what the fuck? how do we even conform to this? ". Regulators will most likely issue ex
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by dcolkitt 5y ago
You're confused. Section 1256 applies to futures , not forex. Spot forex positions are taxed as ordinary capital gains under Section 988. Under very specific conditions a high-volume spot forex trader who never takes deliver may elec
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by dcolkitt 5y ago
And I'm sure those same dollar store shoppers collectively held approximately 0% of the equity in the locally owned business that was displaced. But as price-sensitive consumers they do benefit from the substantially higher economies o
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by dcolkitt 5y ago
And that private equity firm is largely made up of capital from pension funds, charitable endowments, and university endowments. Dollars leaving the community is a good thing. Those dollars don’t just go into a black hole. They go to othe
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by dcolkitt 5y ago
As a tangent, one way to get much more accurate data in a much quicker way is to accept human challenge trials. We don’t even know the answer to whether delta is vaccine resistant. With challenge trials it would be dead simple. Take 10,000
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by dcolkitt 5y ago
On the flip side, Florida has year round warm weather and sunshine. Not only does that sanitize viral particles, but it makes it easier to move socialization outdoors.
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by dcolkitt 5y ago
Alternatively we could take this as a chance to re-frame some of the dysfunctional pre-existing cultural norms around respiratory infection. Especially the widespread notion that only wimps and slackers use sick days.
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by dcolkitt 5y ago
It’s an interesting point, and I’m relatively neutral on all the underlying empirical claims. But taking the assumptions as a given, doesn’t this violate the Hippocratic Oath? Physicians are ethically forbidden from recommending a medical
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by dcolkitt 5y ago
Crocodile Labs | Software Engineers, Marketers, Designers, Customer Success | Full-time | REMOTE We're a venture-funded, seed-stage company building the next generation of decentralized exchanges in the DeFi crypto space. If you'v
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by dcolkitt 5y ago
Because selecting candidates based on tech stack is almost universally the sign of incompetent tech management. Anybody who understands software, knows that intelligence and master of fundamentals trumps tech stack experience without except
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by dcolkitt 5y ago
The proof is in the pudding. The Ethereum beacon chain text s currently securing $14 billion in value and has been running for nearly a year without incident. I can understand the claim that PoS was impractical even a year ago. But given Et

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