everfree

24 ms·

241.
by everfree 4y ago
The big issue with that type of future is the part where you go long on USDT.
242.
by everfree 4y ago
Circle and Paxos are big players in custody, too.
243.
by everfree 4y ago
It must be nice to live in the Netherlands. > slow, expensive payment system using its own wildly fluctuating currency that consumes the energy of a small country You don't have to use Bitcoin, you can e.g. use a stablecoin on an Et
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by everfree 4y ago
In your opinion, why is sidestepping PayPal not a second valid use case?
245.
by everfree 4y ago
Why should we trust that list? It looks like any one mod from any of dozens of subreddits can put someone on that list for any unspecified reason, and there's no checks and balances, appeals, or other recourse. For all we know, a mod o
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by everfree 4y ago
By "loser", I assume you mean someone who lost their family member?
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by everfree 4y ago
Or invest directly in federal government obligations through a federal money market mutual fund, even. That way there's no bank in the middle trying to undercut you on rates. Instead, you more or less receive the fed's rate direct
248.
by everfree 4y ago
I honestly don’t see how that follows from what I said. I would be curious to hear your reasoning. Unless you mistakenly thought that the crypto industry has been built on solid foundational end-user demand for products this whole time.
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by everfree 4y ago
Well, China's ban didn't negatively affect global demand enough that any relevant companies closed up shop. Just reporting to you what happened. Most of these blockchain R&D companies (and their investors) are still in the boo
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by everfree 4y ago
Theoretically, a stock's fair value is the sum of their current and (discounted) future earnings. > Many times stocks perform well at earnings and shareholders still put on a fit and downvote its price. Price fluctuations at earning
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by everfree 4y ago
> So where is that all growth? Is that a rhetorical question? It flows to the 1%. Current levels of wealth inequality are unprecedented in American history. We work hard to support the lavish lifestyles of the rich. If we could combine t
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by everfree 4y ago
> miners hold as much power as developers to create a balance I have no horse in this conversation about government, but I think it's important to note that neither developers nor miners hold any direct power in creating a balance o
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by everfree 4y ago
I wasn't referring to the demand for units of cryptocurrency on particular networks. I was referring to actual industry, i.e. the companies that are researching, improving, and selling the technology itself.
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by everfree 4y ago
> Neither does the P/E ratio of a company, yet it's still a fundamental used to value stocks. Earnings is used to create a valuation of a stock. Price-to-earnings is the result. As a company's earnings increase, the stock&
255.
by everfree 4y ago
China's 2021 ban didn't affect the crypto industry in any real way. Mining operations moved from China to the USA, a few irrelevant Chinese companies shuttered, and the industry continued business as usual. The most influential cr
256.
by everfree 4y ago
In my humble opinion, it's best to have both state-regulated money and non-state-regulated money compete. The market for money itself should be a capitalist free-market competition, survival of the fittest. This is the first time in hi
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by everfree 4y ago
> What's the technical problem with crypto? * The waste of Proof Of Work (in terms of both on-chain economics and off-chain externalities). Introduced in 2009, solved in 2023 with Ethereum's final Proof Of Stake update (earlier
258.
by everfree 4y ago
Taking initiatives to protect your life from government meddling seems to track.
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by everfree 4y ago
None of those factors establish a fundamental market price for the dollar - you're simply listing the price of admission for any state-backed currency. The dollar has declined in value by over 90% since 1933. By your metrics that must
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by everfree 4y ago
The social norm defied is "money is to be regulated by the state". No more, no less. Anything else is a result of what people project onto it.
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by everfree 4y ago
IMO since crypto is a newer technology than AI, I think it's more relevant to ask whether crypto is "AI all over again". AI has followed the classic Gartner hype cycle [1]. There was the trigger in the 1960s-90s, the peak of
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by everfree 4y ago
To me, they both seem to be about deliberate and organized defiance of social behavioral norms.
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by everfree 4y ago
It's not a race. One technology can show its value more quickly than another, and one technology can ultimately provide more value to society than another. That doesn't mean that the other technology is useless, just that it devel
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by everfree 4y ago
We could go back and forth for days on whether cryptocurrencies have done anything for society, but it's already been discussed ad infinitum both here on HN and elsewhere. I only wanted to point out that this article is inane.
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by everfree 4y ago
> “All this crypto stuff, it needed parallel processing, and [Nvidia] is the best, so people just programmed it to use for this purpose. They bought a lot of stuff, and then eventually it collapsed, because it doesn’t bring anything usef
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by everfree 4y ago
> I think "all these crypto projects are securities" is a perfectly clear stance. That's not the part of their stance that's unclear. The unclear part is the part where they say "please register" when they r
267.
by everfree 4y ago
If that was your point, then wouldn't the correct conclusion be that calls for SEC clarity are genuine, not disingenuous? Saying "please register" when you really mean "get bent" doesn't count as SEC clarity in
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by everfree 4y ago
> everything not BTC/ETH is a security, please register them Coinbase tried repeatedly to register them with the SEC and was turned away, which seems to be lost on your point. From the article: > The SEC will not let crypto compa
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by everfree 4y ago
> Do you vet what ChatGPT tells you with other sources? I find that ChatGPT is good at helping me with "unknown unknown" questions, where I don't know how to properly phrase my question for a search engine, so I explain to
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by everfree 4y ago
My bad. Looks like they added those pairs in 2021 and I didn't notice (though it looks like you have to "opt out of the USD and USDC unified experience" in order to access them). I edited my comment accordingly.

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