ghgdynb1

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31.
by ghgdynb1 6y ago
The utility is predicated on scarcity. If you're interested in trying to understand how there might be utility in a technology like Bitcoin, which it sounds like you genuinely are, consider the following. Imagine two perfect simulation
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by ghgdynb1 6y ago
One of the great things about living in a liberal economic system is that you, I, or anyone else can bet on something that's right, but unpopular. A lot of people started off not understanding Bitcoin and other blockchain technologies,
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by ghgdynb1 6y ago
A lot of people are considering what it might look like to live in a “post-truth” world. To me events like this suggest projects like ChainLink and the Band Protocol might become vital infrastructure of truth much sooner than many think.
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by ghgdynb1 6y ago
How about exit from the platforms while continuing to build on the Internet? balajis.com vs twitter.com/balajis
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by ghgdynb1 6y ago
Legitimately thank you your comment saved me a click.
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by ghgdynb1 6y ago
The comment you’re replying to is sarcastic. I guess you might be too but that’s too subtle for me
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by ghgdynb1 6y ago
Think this through. You could maintain a military so powerful no rational state would dare attack you. Or you could “right-size” until you get a military just barely powerful enough to defend your nation. You could very easily end up spendi
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by ghgdynb1 6y ago
This is true! But there are quite a few other projects in the “defi” space (defi meaning decentralized finance, although I’m not convinced that it needs to stay fully decentralized to be useful). Perhaps the invention of smart contracts wil
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by ghgdynb1 6y ago
Might be fun to answer this question very literally. Set up a world simulation with two nations. In one nation parents are rewarded a great deal for investing in making their kids maximally educated/capable/productive, through the
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by ghgdynb1 6y ago
I think “Reddit but smarter” is a legitimate point of differentiation. I gave up Reddit for HN because despite all the issues you probably have in mind, the average quality of interaction and information is marginally better here.
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by ghgdynb1 6y ago
I don’t see why you should be downvoted for linking to the thoughts of an undeniably brilliant, if controversial, public figure and leader in technology.
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by ghgdynb1 6y ago
If you don't believe me or don't get it, I don't have the time to try to convince you, sorry. I don't intend to use that quote in a bad-faith way; it's just the truth. If you'd like to open-mindedly consider th
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by ghgdynb1 6y ago
I’m truly shocked by the number of people who totally fail to grok the economic logic behind a lot of the projects being built on blockchain tech. Many dismiss such work as totally worthless. I suspect such dismissive types lack the combina
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Bitcoin Market Cap Passes 1 Trillion USD(coinbase.com)
2 points by ghgdynb1 6y ago|0 comments
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by ghgdynb1 6y ago
I would be willing to accept a huge discount in prestige to avoid an environment like that at USC, if I were choosing colleges again. If many people feel as I do, USC will either have to cancel its cultural revolution or fade into insignifi
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by ghgdynb1 6y ago
You may have a gift
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by ghgdynb1 6y ago
I don’t want to dismiss your point, but I just inherited a pair of really high quality speakers from my dad’s days as a poor PhD student. He told me they were one of the nicest objects he owned, and it’s clear he is still proud of them. The
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by ghgdynb1 6y ago
Just to preface this: I’m actually not disagreeing with you. The issue with the above is that the top software engineers earn less than they could otherwise. Thus, the very top engineers will always be looking to move to the United States.
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by ghgdynb1 6y ago
I’m actually pretty convinced that this isn’t something new. Consider all the people with surnames like “Smith,” “Potter,” “Farmer,” or their variants in other languages. The old wisdom about people being like border collies who go crazy w
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by ghgdynb1 6y ago
If there aren’t any such projects, now might be a great time to start. Prior to reading ProPublica’s exemplary reporting, I had no idea how truly duplicitous some of the market leaders can be. https://www.propublica.org/arti
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by ghgdynb1 6y ago
When Lehman went bankrupt it had $691,063,000,000 USD in assets on its books. Having assets available does not preclude the submission of a bankruptcy petition. I don’t think I can clarify wrt to expenses, since I don’t know what you mean w
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by ghgdynb1 6y ago
This article is wrong. It’s dated from this morning, and it says “As for Paul Graham and Jessica Livingston, the husband and wife duo have been continuing to run the startup accelerator, albeit with a full-time staff.” But, Paul Graham has
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by ghgdynb1 6y ago
The iPod analogy is so perfect. Gotta love how it rhymes with the Jobs reality distortion critique while also striking at the heart of the argument. There is definitely a difference between the value generated by excellent attention to det
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by ghgdynb1 6y ago
You say those reasons aside, but I think they’re the difference that makes the difference. No practical changes to the Euro tech job market will change the salary discount compared to the U.S. barring a dislocation in the factors you mentio
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by ghgdynb1 6y ago
For a moment there I was fairly confused, trying to figure out how the fishing boats could possibly have been mere nanometers from the crash site.
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by ghgdynb1 6y ago
It’s common that a radical populist faction fails in its first attempt to seize power, only to later succeed and steer a nation to its doom. See Hugo Chavez’s defeated 1992 coup attempt: https://en.m.wikipedia.org/wiki/
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by ghgdynb1 6y ago
I understand your sentiment, but the thing to realize is that the point you’re responding to is about decentralization and whether this will be an accelerant for the transition to a more distributed tech ecosystem. It’s not about how anyone
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Apple's Compensation Committee will pay executives for Apple Values adherence(businessinsider.com)
1 points by ghgdynb1 6y ago|0 comments
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by ghgdynb1 6y ago
If you want to know why the Collison brothers are so rich, it’s because they were the only deeply technical guys who also had the ability, interest, and energy to deal with all this.
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by ghgdynb1 6y ago
The people who really got wiped out were Borders and Barnes & Noble. If you’re a small bookstore you actually have an niche now. You can’t compete with Amazon’s virtually infinite selection and they can’t compete with your local presenc

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