hakesdev

6 ms·

1.
by hakesdev 5y ago
>you underestimate the ability of countries to cooperate you,handwaiving all 190+ nation states will go along with AND have incentive to do what the all powerful US says... OKAY, buddy... Also, and please be honest with yourself, would
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by hakesdev 5y ago
that isn't (fortunately) for you to decide ;-)
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by hakesdev 5y ago
If you don't understand why competition in monetary commodities is a good thing then... I don't have any time for you.
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by hakesdev 5y ago
It seems to me you've not thought through the game theory of banning cryptocurrency very much. There's an immediate competitive advantage (in the form of increased business activity & tax revenue) to the first country to adopt
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by hakesdev 5y ago
Bitcoin (like gold since the gold standard ended) is just a "check" on Fiat currencies and can act as insulation from central banks that issue too much money too quickly. Fiats will continue to exist alongside bitcoin/cryptos
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by hakesdev 5y ago
Whataboutism - why do I see this word so much these days? Whenever I see it, I notice people are often basically trying shut down an honest comparative analysis by another party.
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by hakesdev 5y ago
This. 100%. Bitcoin (like gold since the gold standard ended) is just a "check" on Fiat currencies and can act as insulation from central banks that issue too much money too quickly. Fiats will continue to exist alongside bitcoin&
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by hakesdev 6y ago
This was published in 2016. The title should reflect that. https://dl.acm.org/doi/10.1145/2976749.2978408
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by hakesdev 6y ago
IMHO, M2 (also called "Broad Money") is a more pure indicator of money creation. Specifically the combination of M2 and M2 velocity. Board money supply grew ~30%+ in 2020. The reason we probably didn't see more inflation is b
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by hakesdev 6y ago
If you use a money with an issuance scheme that doesn't derive from pure costs (useless things like hashing), the underlying incentives of that money will seed its own destruction. What happens if you have a coin based on "useful
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by hakesdev 6y ago
If you use a money with an issuance scheme that doesn't derive from pure costs (useless things like hashing), the underlying incentives of that money will seed its own destruction. What happens if you have a coin based on "useful
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by hakesdev 6y ago
Please read. Nic Carter is a good place to start. https://www.coindesk.com/what-bloomberg-gets-wrong-about-bit... "First of all, Bitcoin and Visa are fundamentally different systems. Bitcoin is a complete, self-contain
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by hakesdev 6y ago
this is a really dumb argument that is trotted out every 4 years. There's also already a FoldingCoin that's been around since 2014. https://bitcoinexchangeguide.com/foldingcoin/ For PoW to work it must be a
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by hakesdev 6y ago
this "crypto is bad for the environment" meme is a zombie meme. https://www.coindesk.com/the-last-word-on-bitcoins-energy-co...
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by hakesdev 6y ago
This is a dumpster fire of bad (often self-quoted!!) arguments against crypto.
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by hakesdev 6y ago
lol...The global financial system HARDLY serves 6 billion. Why are so many concerned with "banking the unbanked"? And arguably, the end product for those that do get access is pretty bad (slow, high fees, inflation-ridden). It&#
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by hakesdev 6y ago
this is a straw man. The point is not its absolute energy consumption, but its energy consumption relative to other alternatives. How much energy does it take to operate the current global financial infrastructure? The current global fina
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by hakesdev 6y ago
Yes the fed's balance sheet has inflated, but it has inflated at the same time as dollars have stopped flowing out of the United States through trade and tourism. The global economy needs dollars: - 84% of all non-domestic debt globall
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Composable Architecture – Swift with composition, testing and ergonomics in mind(github.com)
6 points by hakesdev 6y ago|0 comments
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by hakesdev 7y ago
“Let every man divide his money into three parts, and invest a third in land, a third in business and a third let him keep by him in reserve.” - Talmud
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by hakesdev 7y ago
Respectfully disagree. I don't particularly like the news, but it pays the follow certain types of news that could have an outsize impact on you. Furthermore, the "prescribed" ultra long equities/diversified index fund a