etherael

27 ms·

241.
by etherael 8y ago
How do you decide that unlimited trust is better than properly accounted currency?
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by etherael 8y ago
Blockchains can't do everything. All hype aside, what they really are is simply a useful platform for permissionless cooperation at scale. That happens to be a pretty useful thing to do, things like economies, religions, and nation sta
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by etherael 8y ago
Taxi companies would never support ride sharing services, either. But the end result is inevitable regardless.
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by etherael 8y ago
Instead of waiting for a bureaucratic notary to update a centralised government database 9am to midday Monday to Friday except public holidays, strikes, or other unforeseen circumstances, you interact with a distributed app hosted on a bloc
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by etherael 8y ago
The more corrupt and broken a given economy is, the higher the markup for reliable crypto and (relatively reliable) foreign currencies. Rule of thumb I have almost always found to be true. Case in point, Zimbabwe just tried to ban bitcoin a
246.
by etherael 8y ago
Well no material is unbreakable, either, but some are a whole lot more breakable than others.
247.
by etherael 9y ago
Actually it's an excellent feature of the ecosystem. Consider the old "cross of gold" canard, the accusation is that the economic powers that be were inhibiting cooperation and productive investment by monopolising and artifi
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by etherael 9y ago
On a long enough timeline, and with enough at stake, everything is an exit scam. The only way to fix it is to reduce the stake and timeline. You design ventures around limiting exposure to both and you won't end up getting burned by th
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by etherael 9y ago
I also mind being robbed. And for exactly the same reason.
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by etherael 9y ago
https://mobile.twitter.com/adam3us/status/923309367260274688 Good reason to believe the entire thing was simply the old system attempting to hijack bitcoin. https://www.reddit.com/r/btc/c
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by etherael 9y ago
Bitcoin cash is still that.
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by etherael 9y ago
The real truth is that both everybody and nobody is in control. Every participant in the system has a part to play and has a choice, miners choose which chain to mine and in doing so secure that chain from attack and earn a return, people t
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by etherael 9y ago
That's because you're right and he's wrong. He's a well known bitcoin core apologist, and is just talking his political position. The original intended system design at scale had no need for non mining nodes. This revisi
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by etherael 9y ago
Or perhaps it is you that is wrong, and all the illusions you cling to amount to nothing more than the indignant declarations from seventeenth century clergy of the intolerable social consequences if it were to be widely accepted that god m
255.
by etherael 9y ago
> the larger block size does mean it has higher chance of being centralized. That's actually false though. It really is that indisputably simple especially at the on chain throughput levels being discussed presently. The medium of e
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by etherael 9y ago
I don't see why the two should co-exist, given there is just no reason for the existence of BTC looking at the present landscape and positioning of the two. Forcing all the transaction throughput into a channel with bandwidth no greate
257.
by etherael 9y ago
I disagree. The context of the original quote was; > Considering how low US income tax is Now I do understand what you mean when you make the distinction that for expatriate taxation based on citizenship, only the federal taxes are consi
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by etherael 9y ago
It's extremely high . https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates Sort by max individual rate, it's 8th from the top in a list 221 countries long.
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by etherael 9y ago
> If you understood and saw the promise, why didn't you load up? His answer is right there in his original post, he understands the tech, which is cool, but he doesn't understand money and markets, which is the real reason th
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by etherael 9y ago
It's not supposed to be a measure of "true linguistic proficiency" but a measure of the capacity to generate linguistic-proficiency-like results. So in each case what's the gap between actual linguistic proficiency &#x2F
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by etherael 9y ago
I don't quite follow what you're attempting to say here, I mean to say that the study is flawed because "It's a study on your ability to generate random list of results", with the inference that supposedly those who
262.
by etherael 9y ago
No, just humans are well known to be bad at actual randomness.
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by etherael 9y ago
That strikes me as a poor measure of true randomness.
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by etherael 9y ago
Regarding jobsites, no, I was contacted on LinkedIn for a specialised project that I happened to be uniquely suited for. I was not in the country at the time, and my employer handled immigration and the relocation and everything associated
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by etherael 9y ago
I recently started a full time job after getting recruited to a company in Tokyo, the wages are pretty damned good, and the cost of living is very low. By comparison I've worked in Sydney where the wages were comparable, potentially a
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by etherael 9y ago
To clarify my original intent, this is exactly correct. I wish it were otherwise, but the fact is that it is not.
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by etherael 9y ago
To be fair, the emotional approach is what actually works in the vast majority of cases. Normal people don't connect with or understand facts. I think this might be a case of content audience mismatch.
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by etherael 9y ago
You're absolutely right, it does have its limitations, and they show in the issues you raised with it in a way that doesn't actually apply to the nature of the analogy as it criticises the original situation under examination. The
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by etherael 9y ago
Thought experiment. Imagine you have a class full of studious and competent students, they do well on exams and generally display the performance characteristics and output you'd expect from a class full of studious and competent stude
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by etherael 10y ago
It's pretty hilarious that amongst the pearl clutching and virtue signaling and holding up the NY times as if it was a crucifix against vampires, there is flat out deafening silence when you bring up just a shred of the things that hav

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