earthtolazlo

5 ms·

1.
by earthtolazlo 5y ago
It’s wash trading to be exact, but that’s not really the point. The crypto markets as a whole have strong pyramid/ponzi scheme elements where most people are buying useless tokens with the sole intention of later selling them for a hig
2.
by earthtolazlo 5y ago
By 2140.
3.
by earthtolazlo 5y ago
I had the most success using Dragonfly with the Kaldi engine, which handles the heavy lifting of speech recognition and provides a nice API on top of xdotool for desktop interaction. You can also check out Talon, although I think its Linux
4.
by earthtolazlo 5y ago
I’ve only ever used Windows and Linux so I couldn’t say for sure, but my impression is that it’s pretty good. Talon or Dragonfly with the Kaldi backend handle speech recognition and provide nice Python APIs for controlling the keyboard, mou
5.
by earthtolazlo 5y ago
As someone with RSI who uses speech recognition to control most software on my desktop, X11 -> Wayland has been a massive roadblock. Ad-infested Windows isn’t great, but at least it doesn’t feel like I’m fighting any devs just to be able
6.
by earthtolazlo 5y ago
The federal government should have shut down Tether years ago. At this point, Tether growing its tendrils into the real economy and becoming a systemic risk almost feels like an inevitability. Madoff 2.0, but even more obviously fraudulent.
7.
by earthtolazlo 5y ago
That seems like a reasonable assessment of the situation. I don’t know what it is with HN and absurd contrarian takes.
8.
by earthtolazlo 5y ago
Proof of work makes me angry. I have a difficult time getting too upset over any attempt to curtail it.
9.
by earthtolazlo 5y ago
Cryptocurrency enthusiasts talk endlessly about the virtues of decentralization, immutable transactions, “code is law” etc, but when they lose their keys or get scammed, it’s always some big, centralized entity that is apparently responsibl
10.
by earthtolazlo 6y ago
If nothing else, the absurd mining costs constantly pulls fiat out of the cryptocurrency markets. Tether has been able to keep things afloat (4 billion USDT printed in April so far), but it’s only a matter of time before everything collapse
11.
by earthtolazlo 6y ago
Given the massive negative externalities and lack of widespread adoption beyond speculation and crime after more than ten years, I think that snark is a reasonable default response to any cryptocurrency-related news.
12.
by earthtolazlo 6y ago
The same Citi report that confused percentages with basis points in reporting that 13% of credit card charges are fraudulent? https://www.ft.com/content/8553aba7-8beb-4b48-9287-be6a08065...
13.
by earthtolazlo 6y ago
As far as I can tell, any defi project that isn’t an outright scam is just providing credit to people to speculate on cryptocurrencies. I’d be curious to see any counter examples. Otherwise it’s just turtles all the way down.
14.
by earthtolazlo 6y ago
The business case is that people will buy their tokens/invest on their platform which will increase in value which will cause more people to buy in etc. If you look closely enough just about every successful blockchain project is a pon
15.
by earthtolazlo 6y ago
That was the number provided by Bitfinex’s lawyers at a time when there were about 20 billion fewer Tethers in existence. I’d be shocked if it was over 10%. But since they won’t do an audit, we’ll only find out after everything collapses.
16.
by earthtolazlo 6y ago
Given their lack of audits/transparency coupled with a Tether supply increase from 4 billion to 20 billion this year alone, I would by inclined to apply Occam’s Razor and view this as primarily market manipulation driven by Tether’s fr
17.
by earthtolazlo 6y ago
Just about everyone knows that Tether is a ticking time bomb waiting to blow up the cryptocurrency markets. But for now Tether makes number go up and currently that’s the only thing that matters.
18.
by earthtolazlo 6y ago
Bitcoin wastes an obscene amount of energy for a theoretical maximum of seven transactions per second globally. How is that even remotely scalable?
19.
by earthtolazlo 6y ago
I guess it depends on what you mean by cataclysmic scenarios. I can’t imagine many cataclysmic scenarios with working electricity and internet, to say nothing of mass-produced phones/personal computers.
20.
by earthtolazlo 6y ago
Uber for surgery! Move fast and break people. I swear HN is a self-parody sometimes.
21.
by earthtolazlo 6y ago
There are a lot of cryptocurrency folks talking up Bitcoin as a hedge against inflation and Federal Reserve policies. But when it comes to Tether printing billions of counterfeit dollars every month to inflate the cryptocurrency markets...
22.
by earthtolazlo 6y ago
I’m not sure why you’re being downvoted. I’ve seen this happen to several talented but overly trusting people. Sometimes it’s best to just keep your head down and admit that institutional dysfunction is beyond your capacity to change.
23.
by earthtolazlo 6y ago
All that and you still think housing records should be on a public blockchain? What happens if someone steals my private key? Do they now own my house? If we rely on public records and the legal system to sort it out then why have a decentr
24.
by earthtolazlo 6y ago
Market cap != market liquidity If I create 100 billion FakeCoins and sell one to my grandmother for $10, suddenly FakeCoin has a 1 trillion dollar market cap. It doesn’t mean there’s anywhere near that much money actually in the market to s
25.
by earthtolazlo 6y ago
Has he heard of Tether? It might be worth telling him that the entire cryptocurrency market it being propped up by 10 billion “dollars” of what is essentially Monopoly money.
26.
by earthtolazlo 6y ago
There is a popular theory in cryptocurrency circles that many Venezuelans are turning to Bitcoin as a way to escape inflation of the Bolivar. Evidence supporting this theory seems to be scant, however.
27.
by earthtolazlo 6y ago
And it’s only eighteen months away!
28.
by earthtolazlo 7y ago
I see posts attacking the messenger quite often whenever someone points out yet another cryptocurrency scam. Can you respond to the actual content of the thread?
29.
by earthtolazlo 7y ago
So regulatory arbitrage? I don’t think law enforcement will see things that way.
30.
by earthtolazlo 7y ago
Having your cake and eating it too sounds like a great option. It just doesn’t have any basis in reality.

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