dcolkitt

21 ms·

211.
by dcolkitt 4y ago
The vast majority of gold speculation (well before blockchains existed) is not based on the actual price of gold, but rather what $EXCHANGE says is the price of gold. Very few gold investors are holding physical gold.
212.
by dcolkitt 4y ago
Agree and disagree. Yes, you’re right that in many cases you have to rely on an external oracle, so a protocol can’t be fully “trustless”. However the difference is that we can abstract away the oracle from the rest of the value transfer me
213.
by dcolkitt 4y ago
It's astounding to me how so few companies provide free food, or even free beverages. It's an insanely high ROI. The cost for catered lunch and breakfast and a stocked pantry is maybe $30 per day per person. The all-in cost for a
214.
by dcolkitt 4y ago
> there is no real solution for how to handle records becoming stale over time What do you mean? Record expiry can easily be incorporated into the smart contract protocol. ENS already does that. When you register an ENS domain, you can p
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by dcolkitt 4y ago
> Eventually enrollment in less-profitable subjects, like dance and art, will decrease, forcing colleges to drop it from their programming. If this is the goal, then the far simpler solution is for the government to explicitly budget a
216.
by dcolkitt 4y ago
The biggest misconception is that America could have a European welfare state if we just taxed the rich. The reality is the rich in America only pay slightly lower taxes than their European counterparts. In Germany top income tax rate is 50
217.
by dcolkitt 4y ago
> the way that humans tend to get things fixed, is called "a state"... But there actually isn't another way. Sure there is. It's called "entrepreneurship". In fact, far more of the improvement in the human c
218.
by dcolkitt 4y ago
Absolutely. Again, testnet has already merged.
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by dcolkitt 4y ago
> None of their claims have materially panned out. * Starknet is running a Turing complete VM using nothing but zero knowledge proofs. It's now possible and practical to trustlessly prove general purpose computation with O(logN) pro
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by dcolkitt 4y ago
1:1 I think is most fair.
221.
by dcolkitt 4y ago
You realize the merge has already successfully completed on a testnet last month. The Geth client code for the merge is complete. I’m willing to bet any amount you want up to $30,000 that Ethereum main net is running PoS by Dec 31 of this y
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by dcolkitt 4y ago
The issue is that building new “non-luxury” homes is either explicitly prohibited or not economically viable because of the overhead cost of just breaking ground. At least in my area, developers spend over half of the expense of the home on
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by dcolkitt 5y ago
If you cannot comply with local restrictions on press freedom you have no business serving content to users from those countries.
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by dcolkitt 5y ago
The problem with bootstrapping is that eventually you'll hit an inflection point where the viability of the business model starts becoming visible. At that point you'll most likely start attracting competition. Unless it's a
225.
by dcolkitt 5y ago
Really cool insight. I'd also add dark energy and accelerating cosmic expansion to this list. Without acceleration the size of the observable universe would keep increasing with the passage of time since the Big Bang. That would mean p
226.
by dcolkitt 5y ago
The Voyager space probe entered interstellar space sometime around 2012. My off the wall theory is so many events in the past decade (like a spike in UFO sightings) have been so bizarre because this degraded the simulation quality.
227.
by dcolkitt 5y ago
If we're in a simulation, the computational resources of an object aren't constrained by the physical scale of the object. It's possible that achieving human scale cognition requires brains the size of Jupiter (we don't
228.
by dcolkitt 5y ago
What about if we live inside a simulation? AGI may be possible in base reality, but not within the confines of our simulated universe. Maybe intelligence requires a very large amount of compute. (Maybe even more than is physically possible
229.
by dcolkitt 5y ago
The biggest criticism of the red cell industry is that the shortage is entirely artificial. There’s a pretty large population with hereditary hemochromatosis who have to get regular phlebotomists to prevent a buildup of excess iron. Most bl
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by dcolkitt 5y ago
The difference is the existence and proportion of dark matter has been confirmed across multiple different scales and context, from galaxy rotation curves to the cosmic microwave background to gravitational lensing. We've also found ga
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by dcolkitt 5y ago
> Given the huge benefits of a Dyson Swarm and the fact that it seems to require no exotic materials and no more physics it looks increasingly likely that we are very alone in the Milky Way and even if we aren’t it requires an awful lot
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by dcolkitt 5y ago
A smart person with experience in C++, Java or anything similar could be pushing Go commits in a week. They’d effectively be fluent after a month of immersion.
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by dcolkitt 5y ago
Another good discussion on iron's link to a surprisingly wide array of diseases is here: https://nautil.us/iron-is-the-new-cholesterol-7861/
234.
by dcolkitt 5y ago
Because creating a new network from scratch is easier than safely transitioning, without downtime or breaking backwards compatibility, an existing network that secures hundreds of billions of dollars in value.
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by dcolkitt 5y ago
> This idea that cryptocurrency is good because it enables “good” crimes (avoiding unjust oppressive governments) is at odds with the hard facts that cryptocurrency is used for “bad” crimes far more often. The Fifth Amendment is invoked
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by dcolkitt 5y ago
Keep in mind that "financial crimes" can mean very different things to very different regimes. In Nazi Germany, it was a "financial crime" for Jews to take any wealth with them when they emigrated.
237.
by dcolkitt 5y ago
Let's just talk about USD specifically. (Other currencies work pretty similar, just with different central banks.) The "single source of truth" is the Federal Reserve. Member banks (about 10,000 US domestic banks) can hold re
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by dcolkitt 5y ago
Nintendo Art Academy is excellent. Really does a fantastic job of helping you learn how to draw from a very basic level.
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by dcolkitt 5y ago
That’s more than fine. But banks don’t de-platform because they personally disagree with their views. They do so because of government pressure, regulation, and compliance. I guarantee you there’s a banker in the world somewhere willing to
240.
by dcolkitt 5y ago
It's absolutely a rebuttal. If you're making a statistical/empirical claim, especially one that goes against orthodox economic theory, than robustness to the underlying assumptions is really important. Subsequently empirical

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