everfree

39 ms·

451.
by everfree 4y ago
> If Celsius is accepting deposits on existing addresses, they are continuing to accept deposits that they know their customers can't access. Did you read the affidavit? Your argument is specifically pre-empted and refuted: > It
452.
by everfree 4y ago
Really? Running open source software "isn't any easier" than convincing your government to overhaul their banking infrastructure?
453.
by everfree 4y ago
It doesn't work quite as well if you're not a sovereign government.
454.
by everfree 4y ago
No. The CEL tokens are not securities, and do not represent any debt or equity. CEL holders are not entitled to any claim on Celsius' assets. The CEL token's sole purpose was as a tool to offer users promotional rates (and maybe f
455.
by everfree 4y ago
The site is not actively accepting deposits. Did you assume that it was, based on something you saw there? Read this passage from Alex Mashinsky's bankruptcy affidavit: > Importantly, however, shortly after the Pause Date, on June 1
456.
by everfree 4y ago
It's not like Celsius has a zero balance sheet. They still have substantial liquid assets even if you discount the suspect ones. They just have a lot more more liabilities, thus the bankruptcy.
457.
by everfree 4y ago
That's the question they use to weed people out who are too smart for the job. If you bring the deliberate typo to their attention, they disqualify you. /s
458.
by everfree 4y ago
But perhaps your wealth would put you in a better situation to save additional lives in the future. It's a tough moral question.
459.
by everfree 4y ago
GiveWell is a research platform for finding good charities. I referenced them in my original comment.
460.
by everfree 4y ago
I'm surprised to see the popular answer to Question 3. > Oh no! A trolley is heading towards 5 people. You can pull the lever to divert it to the other track, but then your life savings will be destroyed. What do you do? Over 70% ch
461.
by everfree 4y ago
Edit: Never mind, my calculations were definitely wrong.
462.
by everfree 4y ago
They did. Porn was one of the very first industries that embraced it, and aside from VPN services, they're one of the biggest industries still accepting payments in it.
463.
by everfree 4y ago
What if we tried to make a distributed system? One where you could make a transaction and nobody could block it from being processed, because no one entity is in control. Something like Bittorrent, but for money.
464.
by everfree 4y ago
How long until then?
465.
by everfree 4y ago
You may be right, but in that case I don't understand the relevance of Terra/Luna to bitcoin's difficulty adjustment algorithm.
466.
by everfree 4y ago
Bitcoin issuance halves every 4 years, it's a geometric series. It's like the lily problem but in reverse. > Lily pads are growing in a pond, and the number of lilies doubles every day. After 30 days, lilies cover the entire po
467.
by everfree 4y ago
I'm actually very curious to know where you've heard of something like that that predates the Bitcoin protocol's mining difficulty adjustment algo.
468.
by everfree 4y ago
> after Luna-fiasco and self-proclaimed "stable" coins being unstable, how does anyone keep trust in crypto-coins? After Chernobyl and self-proclaimed "stable" nuclear reactors being unstable, how does anyone keep tru
469.
by everfree 4y ago
How long do you predict until Bitcoin hits a price of 0 dollars?
470.
by everfree 4y ago
Well, don't just sit there and hand-wave. I want to hear why you believe non-state-backed currencies categorically fall into the greater fool theory, but state-backed currencies categorically don't.
471.
by everfree 4y ago
> "negative sum game" is literally baked into the concept of a purely speculative unbacked "asset" The dollar is also a negative sum game, a purely speculative unbacked "asset". More effort has to go into ke
472.
by everfree 4y ago
Hackers aren't usually in the business of locking people out of their money. There's no profit in that for the hacker. However, I'm sure the MPC wallet prompts you to write down your half of the key on a piece of paper during
473.
by everfree 4y ago
I'm not going to argue with you about how a Macbook is valuable to melt down, or has intrinsic value as a paperweight. Frankly I think that line of thinking is a dead-end for insight. I also don't believe it's helpful to pond
474.
by everfree 4y ago
It's a less prescriptive sentiment than that. It's your right to not be excited about cryptocurrency, and your reasoning is fair enough. Also, the article does a good job of clearing up misinformation about what cryptocurrency is
475.
by everfree 4y ago
Productivity, entertainment, education, and creation are all subjective, just like the value of an entry in a ledger. I could say "I don't use Macs because I find I can't be productive with them." That's a subjectiv
476.
by everfree 4y ago
I think it's a fair script to use against arguments of the form "cryptocurrencies will never amount to anything". I would hazard to say that it's not the criticism of the current state of cryptocurrency that irks most of
477.
by everfree 4y ago
Reliability and composability are two reasons. With a blockchain architecture, the app can't go down unless the entire blockchain goes down. And apps can be built piecemeal by many teams/hackers who add small bits of functionality
478.
by everfree 4y ago
Banks started out unregulated, and I believe it won't be long until crypto custodians are heavily regulated too. The legislative system just needs time to react.
479.
by everfree 4y ago
Many other popular asset-backed stables aren't loosely regulated like Tether. They are often regulated by NYSDFS.
480.
by everfree 4y ago
> Shorting Tether with another stable coin is a fools errand. Why? There are plenty of US-based, regulated and audited stablecoins out there. You could use them as collateral to short Tether.

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