dcolkitt

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91.
by dcolkitt 4y ago
There's virtually no other ASIC resistant (i.e. can use GPU) PoW coin left to mine. There's the proof-of-work ETH fork, but it only has a market cap less than 2% of than real ETH. So even though they juiced the block rewards, mine
92.
by dcolkitt 4y ago
There hasn't been a court case yet. Not even a judicial hearing. The article we're commenting on is about how there's a very good chance that courts will disagree. This SCOTUS has repeatedly shown a willingness to restrict ex
93.
by dcolkitt 4y ago
Contract devs don't execute the code. They simply broadcast the it to the Ethereum network. Deploying a contract is conceptually no different than publishing source code to GitHub. It's actually the Ethereum node operators that ex
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by dcolkitt 4y ago
An ATM machine is not protected as speech. Courts have consistently ruled that software is protected speech. So, yes blockchains do make a substantial difference because they divorce the act of writing software (protected by the 1st Amend
95.
by dcolkitt 4y ago
> Pornography isn't illegal in the US I'm sorry, but this isn't true. At the early onset of the web there were a huge number of state and local laws regulating obscene material. Many states even tried to explicitly regulat
96.
by dcolkitt 4y ago
> If I rig up my car to explode Mechanical devices are not protected as speech. > If I hire a hitman.. I am guilty of murder. SCOTUS has already carefully defined this in the Brandenburg test . Speech is only not protected when it re
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by dcolkitt 4y ago
> when technology is designed in a way that makes it hard to work within the bounds of the legal system, it's usually the case that the legal system wins, not the technology. If this was true, Internet pornography would have been su
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by dcolkitt 4y ago
The reality is Treasury does not have the political capital to outlaw Ethereum. It's a $200 billion asset that one in ten Americans and many of the largest pensions, hedge funds, and Biden's largest donors are invested in.
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by dcolkitt 4y ago
When a smart contract is deployed, literally all that happens is that the code is broadcast to the network. It is true that the contract itself has a wallet and runs operations, but it operates autonomously outside the control of the person
100.
by dcolkitt 4y ago
Still not sure how post-Covid, we haven't concluded that improving indoor ventilation should be a massive public health priority.
101.
by dcolkitt 4y ago
Almost all major cities in middle income countries have currency brokers who are more than happy to earn spreads by making a market between on-chain dollar-based stablecoins and the local currency. It's not really any different than tr
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by dcolkitt 4y ago
> I have yet to buy a single thing, let alone a single useful thing, with a cryptocurrency. Literally million in Turkey, Nigeria, Argentina and other middle income, without access to traditional dollarized banking, use stablecoins to pro
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by dcolkitt 4y ago
Reminder that should be pinned to every time Stephen Diehl is linked. Diehl is the CTO and cofounder of an "enterprise blockchain" company, that directly competes with public chains like Ethereum. All of which is fine, he's e
104.
by dcolkitt 4y ago
These are all good points. But what's interesting is that very similar things could also be said about the US healthcare system . And yet unlike American universities, it's not clear that American hospitals or healthcare is world
105.
by dcolkitt 4y ago
The flip side is it's virtually impossible to hide a large-scale mining operation. The meatspace footprint is just gigantic. By contrast a validator node, even one securing billions of value, can run on consumer hardware sitting behind
106.
by dcolkitt 4y ago
One thing to keep in mind is that Ethereum is nothing but a network of computers passing messages to each other. Those messages are considered speech from a Constitutional perspective. Same as you sending a text message to your friend. Ther
107.
by dcolkitt 4y ago
Why would this be any more plutocratic than any other capitalist economy? It's a mechanism where you can lock up ETH and get paid a steady return over time (about 3.9% today). Similarly the US dollar has treasury bonds where you can lo
108.
by dcolkitt 4y ago
Besides for entry-level positions, there's still huge shortages of software engineers. There's no reason to expect the secular technology trends of the past 30 years, software eating the world, to suddenly reverse just because of
109.
by dcolkitt 4y ago
Private companies can of course choose to host whatever they want. And it's certainly not possible for Github to behave unconstitutionally because Github is not the government. But... the fact that speech was removed from a platform
110.
by dcolkitt 4y ago
China has been nuclear armed since the 1960s. That wasn't a product of the country's industrialization or trade with the West.
111.
by dcolkitt 4y ago
Even if this is the case, do you honestly not think the tradeoff is worth it? Lifting a billion people out of crushing poverty seems worth it even if it came at the cost of giving a dictatorship stronger geopolitical influence.
112.
by dcolkitt 4y ago
Generally those types of deals require either parking six figures out liquid assets at the issuing bank and/or paying high annual fees (which of course favor the biggest spenders who amortize the cost over lots of volume). Either way t
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by dcolkitt 4y ago
The Achilles heel of this setup is that not all transactions are equal risk. Very low risk transactions are paying near identical fees to very high risk transactions, despite orders of magnitude differences in fraud rates. How long will App
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by dcolkitt 4y ago
> FM does not guarantee most mortgages, What? Of course Fannie and Freddie guarantee the MBS they issue. Which is an implicitly a guarantee from the US government. Otherwise they'd trade at much wider credit spreads, which would in
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by dcolkitt 4y ago
> this cannot be solved from the federal level. I disagree. The federal government invests enormous resources into subsidizing home ownership. Everything from Fannie Mae guaranteeing mortgages to not taxing home owners on the imputed val
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by dcolkitt 4y ago
This really isn't the case. Federal sentencing guidelines for white collar crime are pretty much determined by the amount of money involved in the crime. Now what is probably true is that the sophisticated professionals probably end up
117.
by dcolkitt 4y ago
Here's one I wrote a few years back, that I'm quite fond of. It turns any arbitrary directory tree with individual executables into a "git [X] [Y]" style shell command. https://github.com/Mister-Meeseeks&
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by dcolkitt 4y ago
Generally think college towns around land grant universities are a very underrated option. Outside the immediate area around the campus core they tend to be cheap because of an abundance of land. These towns tend to be very educated and cos
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by dcolkitt 4y ago
> Then, by assuming that any cash that the surveyed consumers do not fess up to holding must be held for nefarious purposes, he concludes that 34 to 39 percent of all currency in circulation is used by criminals.[1] By contrast only 14%
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by dcolkitt 4y ago
That’s NJ Supreme Court, not federal court. They’re notorious for getting overruled at the federal level.

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