dcolkitt

67 ms·

691.
by dcolkitt 5y ago
That's not really true at all. There are entire divisions at investment banking firms called "delta-one" desks. They exist solely for the purpose of creating synthetic equity positions to avoid regulatory, tax, capital, settl
692.
by dcolkitt 5y ago
You wouldn't formally transfer title, because the corporate entity owning the property would remain the same. Corporations can change ownership without triggering any title changes on the real property they own. For example if Hilton I
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by dcolkitt 5y ago
American law allows for a very wide range of legal trusts. Courts will generally enforce any legal entity that the grantor chooses to structure. It's easy enough to setup the DAO as a formal legal trust that grants ownership rights to
694.
by dcolkitt 5y ago
The basis of US securities law is that rich people ("accredited investors") know enough to be responsible to take risks. Whereas poor people are too stupid to make risky investments without turning into degenerate gamblers. A lot
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by dcolkitt 5y ago
> You cannot sell it in panic, the technology is protecting you from your own psychology. I know this is tongue-in-cheek, but I honestly believe this is the reason owner occupied housing is a more reliable form of middle class wealth acc
696.
by dcolkitt 5y ago
As of press time, USDT (Tether) is currently trading at a slight premium to USDC[1]. There's no indication that the market is pricing an imminent collapse to Tether. [1] https://info.uniswap.org/#/pools/0x785
697.
by dcolkitt 5y ago
Assets in the same asset class tend to move together, especially during market crashes. Same exact thing happens with stocks during periods like 2008. In finance speak, we say “correlations go to 1”
698.
by dcolkitt 5y ago
I mostly agree with you. But there are many many reasons why these constraints may still apply, at least in the short term. Ideally you want everyone to be competent enough at their role to need minimal management. But the reality is that o
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by dcolkitt 5y ago
I think you’re confusing the map for the territory. The study pooled all workers together, but that doesn’t invalidate the hypothesis that certain types of workers were more affected. Unless the study explicitly broke out the purported subd
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by dcolkitt 5y ago
Well if Python 2 had a logic bomb that literally makes it unusable after the end-of-life date, that would be true.
701.
by dcolkitt 5y ago
I think the biggest pitfall in your plan is thinking that prices would respond by falling, let alone by 95%. There’s a long history of countries imposing capital controls. And it’s rarely favorable to the home country’s exchange rate. What
702.
by dcolkitt 5y ago
There’s already rapid innovation in this direction without government innovation being necessary. Ethereum is switching to proof-of-stake by the end of the year, and partially because of that is already 50% of the way to passing Bitcoin by
703.
by dcolkitt 5y ago
For vaccination passports, I don’t think you even need a database. Public key signatures work fine. “John Smith is officially vaccinated. Love, Cook County Health Department”. No persistent service even necessary. John can just keep that QR
704.
by dcolkitt 5y ago
I would suggest that psychedelics saw a mass market breakthrough after LSD for the same reason that smartphones saw a breakthrough after the release of the iPhone. Sure the product category existed prior to then. But the new version was suc
705.
by dcolkitt 5y ago
Sorry. But this will never ever happen in our lifetime. Not a single member of SCOTUS supports rescinding first amendment protections for “hate speech”. On that both the liberal and conservative justices are in complete agreement. There’s n
706.
by dcolkitt 5y ago
How hard would it be to fly an engineer to Shenzen and physically test the supply? I get it. Chinese vendors are not as reliable as Western suppliers. But it's not like ICs are black magic, it certainly wouldn't be that to enforce
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by dcolkitt 5y ago
One reason I'd say is because there's an at best weak relationship between "hard" and "well-paid". Coca Cola has a larger market cap than Pfizer. mRNA vaccines are definitely a lot harder to make than sugar wat
708.
by dcolkitt 5y ago
100% of democracies with widespread civilian firearm ownership remained democracies during the entirety of the past century. Less than one in ten democracies without widespread firearm ownership did. How is that a negative effect?
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by dcolkitt 5y ago
This logic only holds if you assume that the US military are merciless killing machines that unquestioningly follow orders. There are plenty of examples of much weaker revolutionary forces prevailing over modern well-funded militaries.[1] H
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by dcolkitt 5y ago
Most of the democratic world fell under fascist and/or Marxist-Leninist totalitarian regimes within living memory. There’s only four independent democracies uninterrupted over the past century. Two have widespread civilian firearm owne
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by dcolkitt 5y ago
The primary use case of Bitcoin is to evade governments control over capital. Sometimes that’s good (governments disgorging kidnappers of their ransom). Sometimes that’s bad (Nazis seizing wealth of targeted groups). Sometimes it depends on
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by dcolkitt 5y ago
I guess the difference would be though, that without the demand for meat, those cows would likely never have lived at all. 99%+ of all cows alive are used for human agriculture. From the perspective of any living creature, I generally think
713.
by dcolkitt 5y ago
> It's not clear that Depression is "costing" us anything anymore than sleep is costing us lost labor, and it could be that a world without depression would also be a world without genius, realism, and creativity. This mig
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by dcolkitt 5y ago
Counterpoint: Other investors have as much incentive to maximize the value of the company as I do. Besides ego, why should I care if someone is brought in who can do a better job. I still get to keep all my shares, and don’t even have to sh
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by dcolkitt 5y ago
The simplest counterpoint to prion cataclysm fear is that it hasn't happened yet. That implies a low chance that it'll happen anytime in the near future. There's no evidence that any significant human population has ever been
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by dcolkitt 5y ago
Thanks! Very interesting to learn.
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by dcolkitt 5y ago
My very strong suspicion is there’s lots of relationships that are encapsulated by this Mitch Hedberg quote: “I don’t have a girlfriend. I do have a girl who’d be mad if she heard me say that.”
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by dcolkitt 5y ago
> "Religion" where one must choose one of six possible religions: Islam, Protestantism, Catholicism, Hinduism, Buddhism and Confucianism. If one is without religion or follows another religion he must still pick one of those 6.
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by dcolkitt 5y ago
> My understanding is that the vast majority of these M&A destroy capital. It'd be interesting to see whether the modern tech industry is an anomaly with regards to this longstanding pattern. In particular, I wonder there's
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by dcolkitt 5y ago
Exactly. Like when Nathan Fielder opened a coffee shop named “Dumb Starbucks”, called it a conceptual art project, and operated for [:strikethrough: months] days, making hundreds of thousands without ever getting sued.

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