eloff

48 ms·

541.
by eloff 4y ago
To play devil's advocate here, Bitcoin might be a kind of digital gold. It suffers less inflation (supply grows slower), is more divisible, and is easier to move and store. People might argue gold has other uses, but they don't
542.
by eloff 4y ago
It's hard to believe you can view the two as equal. There is definitely censorship in the West and I agree it's bad too. But to say that it's somehow equal to what the CCP does requires a degree of self delusion that is simpl
543.
by eloff 4y ago
You're really going to claim that you have the same freedom to criticize the government of China on TikTok inside China as you do to criticize the government of the US or other western county on Twitter? Do you work for the CCP? Becaus
544.
by eloff 4y ago
Obviously not. But are you implying that crypto has as much chance of turning into something as finding a way to violate the law of conservation of energy? That's ridiculous.
545.
by eloff 4y ago
That's horrible, my heart goes out to your sister and your family.
546.
by eloff 4y ago
I had a near miss like this that really scared me in Vancouver. I was going straight, and the light went yellow just before I got to the intersection. Thinking like a car, I speed up to clear the intersection before the red light. An oncomi
547.
by eloff 4y ago
I agree in general that it could be a bad thing. But in the case of Panama and the US I see it as a very positive thing. For one, Panama doesn't have a military anymore since Noriega was ousted in the invasion. That's a huge bless
548.
by eloff 4y ago
I agree with that, but it doesn't take away that giving the canal to Panama was a gift. One might argue a deserved gift, since it's Panama's territory, but it was a gift nonetheless. Panama wouldn't necessarily exist as
549.
by eloff 4y ago
I disagree with that characterization. The Panama canal was a huge gift to Panama, and the country has benefited immensely from it (I live in Panama.)
550.
by eloff 4y ago
Having that canal here in Panama and having the guarantee that the US will intervene with force of the security of the canal is threatened is the best thing for Panama. Without the ousting of Manuel Noriega by military invasion, this countr
551.
by eloff 4y ago
Your statements aren't even accurate in this post. First of all there have been tons of successful private and public tech companies in the 100M+ range since Facebook which received venture funding. You can find a whole list of them ju
552.
by eloff 4y ago
That 99% number you're quoting is made up. It's a value call. I think it's a reasonable position to give crypto a small chance of becoming something really big. If you're in the business of making long bets on the future
553.
by eloff 4y ago
Look, I tend to agree with you. Crypto has not found it's use case, it has a lot of scams, a lot of environmental issues, and other problems. It's been many years, it's fair to think if it hasn't found that killer applic
554.
by eloff 4y ago
I would pay to have a human review my case and actually do something about it. When my wife lost access to her Instagram through a 2FA cockup, I paid over $100 and about $500 of my time to get the original phone number back through a friend
555.
by eloff 4y ago
I might even prefer that to living in suburbia if you also added room for commercial zoning. I think the way we designed cities around cars could really stand a serious second look. Cars are really a necessary evil for me. I just bought one
556.
by eloff 4y ago
It's obvious YC would make some crypto bets. The same way Ark invest is doing on the public markets, YC will do at the seed stage to ensure they have exposure to a market segment that might turn into a big thing (I'm skeptical, bu
557.
by eloff 4y ago
VC backed startups are a Ponzi scheme? I believe all of the FAANG companies started that way (took VC funding in their early days.) How is anybody supposed to take you seriously if you make broad categorical statements that are factually in
558.
by eloff 4y ago
Distributed and decentralized have specific meaning in the database space. Decentralized is like Bitcoin. No centralized servers or control. Distributed just means more than one server. The servers could even be located in the same rack or
559.
by eloff 4y ago
I wanted to make a comment explaining how banks are different because they lend that money back out - it's not like they don't have it, they just don't have it liquid. Regulations are very strict about what percentage they mu
560.
by eloff 4y ago
The word used in the title and article is distributed not decentralized.
561.
by eloff 4y ago
Nothing is infinite. For the purposes of grinding basalt rock to sprinkle on farms, it is essentially sufficiently abundant that it doesn't matter.
562.
by eloff 4y ago
Rock is not a scarce resource. The planet is literally made of it.
563.
by eloff 4y ago
I don't, but I'm general it matters most for the cheapest C calls, so the functions doing the least work. Batching those somehow can give big speedups, over 2x, depending on how much of the total time was going into cgo overhead.
564.
by eloff 4y ago
A stock (specifically the company behind it) is also an income producing asset. That income will eventually be returned as dividends or through stock buybacks. I know there are stocks that don't do either of those things (although rare
565.
by eloff 4y ago
Because CS had physical offices and servers behind that digital knife. Lacking a physical security guarantee like the army, some armed group or nation state can simply take or destroy the physical things from CS and there goes your digital
566.
by eloff 4y ago
Haha, yeah that raises some interesting questions about what a company is. I feel like you could look at it through that lens.
567.
by eloff 4y ago
I would say the expense is both latency and availability because if one node doesn't ack within the timeframe then you have to drop it from the cluster. Requests that go there would need to be routed elsewhere to avoid being unavailabl
568.
by eloff 4y ago
Yes, that's true.
569.
by eloff 4y ago
The oldest company in the world is only 1443 years old (Kongo Gumi of Japan.) Most companies don't last a single human lifetime. It's completely besides the point to bring up things that play out over billions of years in that con
570.
by eloff 4y ago
I was just at lake Powell a couple weeks ago. It was very sad to see how low the water was. Lone rock is completely dry. Beaches where people used to park their boats are now up 80ft of cliffs. I couldn't help but think I was looking a

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