greatwave1

7 ms·

31.
by greatwave1 3y ago
I'm sorry, I was under the impression that you at least had a basic understanding of cryptocurrencies and the drivers of transaction volume. If you don't even understand that speculation can (and does) occur outside of on-exchange
32.
by greatwave1 3y ago
> The paper literally says, "75% of the real bitcoin volume has been linked to exchanges or exchange-like entities" Which is an entirely different metric than the % of bitcoin volume that's speculation. If I link a paper t
33.
by greatwave1 3y ago
> the data is in the paper I linked. 75% of bitcoin volume is speculation. > Sure. And there's plenty of non-speculative activity outside of those entities as well. The paper explicitly looks at on-chain activity only. You claime
34.
by greatwave1 3y ago
The paper that you linked doesn't say that 75% of crypto activity is speculation, at least as far as I can tell. Are you referring to the line that says >Starting from 2015, 75% of the real bitcoin volume has been linked to exchange
35.
by greatwave1 3y ago
> illegal transactions, scams and gambling together make up less than 3% of volume > To me, 3% is an acceptable level. It's a lower percentage than the black market in many countries even. Yeah, but that's because the va
36.
by greatwave1 3y ago
Do you have any source to this claim? The letter that you linked doesn't cite any sources, and doesn't come from a reputable fund (based on a quick SEC search, Hirschmann Capital seems to only managing ~$20m AUM, meaning it's
37.
by greatwave1 3y ago
Are you aware that debt is a cumulative metric, and GDP is an annual metric? If you want to compare apples-to-apples, our budget deficit (an annual metric, which measures the delta in debt) was $1.4 trillion in 2022, which is 5.5% of GDP. I
38.
by greatwave1 3y ago
I don't think you really understand the extent to which restricting kids from social media can isolate them from their peers. Even if you have a teenager who is social at school and through extracurriculars, many meaningful social inte
39.
by greatwave1 3y ago
I think most children find it significantly more invasive for their parents to be snooping through their messages, than to have that information being collected in some government database.
40.
by greatwave1 3y ago
How much of youth culture while you were growing up was shaped by the Simpsons and alt rock, and how much of youth culture today is shaped by the internet and social media? I would argue that almost all of Gen-Z culture today is driven by i
41.
by greatwave1 3y ago
Seems better than an alternative: where the ones with a voice are those who created the most-effective bot network. I don't feel like I have much of voice when I submit one comment to my legislators, and a kid from California submits 1
42.
by greatwave1 3y ago
I don't think they're proposing a system where you're required to disclose your political beliefs... if you weren't comfortable sharing your beliefs with the government, you could simply not submit public comments
43.
by greatwave1 3y ago
I believe this is the paper which you are referring to: https://aclanthology.org/P01-1005.pdf ("Scaling to Very Very Large Corpora for Natural Language Disambiguation" by Michele Banko and Eric Brill, Microsoft Re
44.
by greatwave1 3y ago
This seems dramatic given the context haha, I would think NOT donating $300m would be a bigger sign of what you're describing
45.
by greatwave1 4y ago
Can anyone give some color on to what extent advancements in AI are limited by the availability of compute, versus the availability of data? I was under the impression that the size and quality of the training dataset had a much bigger impa
46.
by greatwave1 4y ago
> It's the group of people who benefit from a collusion with governments (by funding politicians campaigns) to get constant protection of their profits through systematic, de facto or explicit, bailouts by central banks, and more ge
47.
by greatwave1 4y ago
Why are you presupposing that the entire financial system is owned by one entity? Seems like a rather ridiculous assumption.
48.
by greatwave1 4y ago
> Here's to a sad shout-out to the ever rapidly increasingly incidence of single-family homelessness in the United States Can you provide any evidence that single-family homelessness is rapidly increasing in the United States? Every
49.
by greatwave1 4y ago
Not sure what your definition of normie is, but that's been my experience across a fairly wide spectrum of US society. When I went to public high school in rural America, pretty much everyone I knew owned some sort of headphone/sp
50.
by greatwave1 4y ago
There are countless ways that government connections could be very useful if you're trying to ensure the success of portfolio companies, especially if they're operating on regulatory frontiers. Nudging policymakers in a favorable
51.
by greatwave1 4y ago
Ah gotcha, apologies for misinterpreting. I can't claim to speak for everybody, but I think that as high-end (relative to previous standards) audio tech has become very mainstream over the last decade or two, most people recognize that
52.
by greatwave1 4y ago
In what context? If you're talking about someone hosting a party where they're playing music off their phone/laptop, that's something I've never personally seen before lol
53.
by greatwave1 4y ago
> The original airpods did not sound good at all, so I don't see what your point is here. Yes, they're still better than phone speakers, but if people actually cared about quality they wouldn't sell as much. The point is t
54.
by greatwave1 4y ago
So pretentious. I don't ask people for their IQ score before I spend time with them, but this has held true across the entire cross-section of society that I've personally experienced. When I was working as a dishwasher, everyone
55.
by greatwave1 4y ago
I don't think that's true either, because most people I know (even ones who don't have tons of disposable income) have invested in some form of speaker system or headphones. I don't know anybody who just listens to music
56.
by greatwave1 4y ago
> If they don’t want to insure that much, then IntraFi and other similar services should be illegal. Why though? The "$250k per bank" rule is clearly a feature of the system, not a bug. If the FDIC wanted to have the insurance
57.
by greatwave1 4y ago
Yeah, but you're pulling that 50% number from thin air. How many companies do you think actually have 50% of their customers banked by SVB? SVB had ~$200b in total assets, less than 1% of the total assets in banks across the U.S. alone
58.
by greatwave1 4y ago
> It means dumbed down to the lowest common denominator. It literally doesn't though. Like, that's not the meaning of the word "commercial" in any sense. Your favorite indie band is commercial. Your friends who charge
59.
by greatwave1 4y ago
I know the phrase "mass-marketed commercial pop by committee" produces a visceral reaction, but nothing about it is inherently inauthentic. "Mass-marketed" just means that something is widely promoted. Many of the most c
60.
by greatwave1 4y ago
The indie group is not necessarily more authentic either.

More ›