ineptech

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by ineptech 5y ago
The key ingredient in a "race to the bottom" is not resource sharing, it's competition combined with a feedback mechanism. Resource sharing figures in a lot of examples, because "consume most of the resources" is a
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by ineptech 5y ago
> are we just inventing new terminology for a cartel? Sure, you can call it what you like; what matters is, does it deserve the same negative connotation as "cartel"? The answer to that depends on your position on: > Ultima
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by ineptech 5y ago
> Where are you getting your numbers? I was under the impression that the Google founders started in January of '96, when the rate was 28%, and '98 was when they legally incorporated. Perhaps they originally intended Google to
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by ineptech 5y ago
This is kind of all over the place and riddled with non-sequiters; by way of response I will simply point out that we could raise the capital gains rate 5% tomorrow, and it would still be lower than it was when Amazon and Google were founde
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by ineptech 5y ago
> If you start taking money from them, they will simply stop working and start spending more time with friends and family. This model of the world assumes that "rich person" means someone with high income and "raise taxes
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by ineptech 5y ago
"trap" in this context means "coordination trap" which is a scenario in which competition forces individual actors to adopt policies they don't want, but can't avoid. Imagine you and I are neighboring farmers
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by ineptech 5y ago
...until a poorer country adopts a lower rate, and the corporation leaves. That's the trap this avoids.
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by ineptech 5y ago
I think you're misunderstanding the concept here, this has nothing to do with dodging responsibility for unpopular policies. If you think countries shouldn't tax corporate profits at all, great, but that's a separate discuss
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by ineptech 5y ago
Walmart isn't some disinterested third party; they enact policies that directly affect their employees' health and longevity. It's a pretty perverse incentive for the party responsible for negotiating and administering your
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by ineptech 5y ago
Of course youtube does a poor job of distinguishing misinformation from controversial-but-accurate scientific information. Why wouldn't they? Isn't that the expected result? All the angst in this thread mystifies me. You might
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by ineptech 5y ago
It's not a public service, it's a business; they delete covid misinfo because they get yelled at if they don't, not out of some misguided notion that they're wikipedia.
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by ineptech 5y ago
Youtube flip-flopped because they rely on others (who also flip-flopped), which is exactly what they should be doing, right? Surely if youtube middle managers decided what's kosher all by themselves, that'd be worse? Journalists
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by ineptech 5y ago
> Also, if e-bikes and bike-speed robots become really numerous in the bike lanes, that should motivate more creation and better maintenance of bike lanes. Bike lanes aren't, like, a natural resource to be shared. Cyclists fought h
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by ineptech 5y ago
It seems like we're saying the same thing. I complained that all defi can do is trade cryptocurrencies, and you said ah, but it can also trade cryptocurrencies. I don't know what kind of remittances you think I'm in a bubble
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by ineptech 5y ago
Another great example is "A Dark Room" - a game in which the mechanics are introduced one by one in such a smooth way that no tutorial is ever needed. edit to add a link: http://adarkroom.doublespeakgames.com it's
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by ineptech 5y ago
I don't know what you mean by "real investments" - it sounds like you're saying that since you don't know how to do it perfectly (e.g. buy a stock because you have some insight or have done some research that convin
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by ineptech 5y ago
A great deal of the credit/blame for the modern drug war goes to Harry Anslinger[0]. Imagine being the nation's top enforcer of Prohibition - what do you do when it's repealed? Just close up shop, fire everyone, and turn th
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by ineptech 5y ago
Doctors are just tech support for the human body. They listen to your complaint and offer up their best guess diagnosis based on what's helped previous customers with the same symptoms, but they have limited information on the system
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by ineptech 5y ago
> interoperability between many projects and their tokens, data, stablecoins, etc that's pretty much what I meant by > crypto enthusiasts finding exotic new ways to gamble with each other Interoprability between cryptos is all De
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by ineptech 5y ago
I don't really know what you're on about here, man. You don't want to work, but you don't want to invest your capital either? You want to keep your money in cash and not lose it, but you also don't want the low in
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by ineptech 5y ago
Sure, DeFi would be really cool if I wanted to borrow crypto, or lend crypto, or trade crypto options, or take a mortgage out on a bitcoin or whatever. But for people who need to deal with a real world asset, it has very little to offer.
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by ineptech 5y ago
> How long are we going to keep inflating stocks and houses 2x in a year? Totally agree, there are things about modern fiscal policy that seem scary and weird! But that is pretty much unrelated to... > We are forced to play that poin
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by ineptech 5y ago
> those who no longer wish to work This reminded me of an old political cartoon I saw at the Abraham Lincoln museum: https://www.loc.gov/resource/pga.04994/ It shows Lincoln with his (supposed) supporters and t
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by ineptech 5y ago
I think your vitriol is misplaced; the whole point of a negative interest rate is to stimulate the economy, i.e. increase the value of your investments, which presumably would be good for someone who has built financial security. Suppose f
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by ineptech 5y ago
Smart contracts are amazing, as long as its a contract between two crypto people doing crypto stuff. But (and please, someone correct me if I'm wrong) the oracle problem still stops them from using anything in the real world as an inp
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by ineptech 5y ago
by "practical use case", GP meant a case that crypto is better for, not just something it can be used for. You can buy coffee with bitcoin, sure, just like you can roller skate on a frozen lake, but most people don't, cuz
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by ineptech 5y ago
My favorite example of similar words with seemingly-unrelated meanings is "capitulate" (surrender) and "recapitulate" (repeat or summarize). Turns out that they both derive from "caput" (head) in its sense of c
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by ineptech 5y ago
How? 100% tax on crypto-to-fiat transactions? National firewall inspecting traffic for numerically-low hashes? Police kicking down doors of suspected miners, looking for GPUs? Something else? I'm sympathetic to some of the reasons,
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by ineptech 5y ago
This is a hypothetical; my post (charitably) presumes the market is safe in order to discuss other problems with it, but it could certainly be implemented in a way that allows the author to fleece the investors, which I gather is one of the
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by ineptech 5y ago
I feel about the same, regarding ERC tokens and also most "real" financial derivative instruments; and the revulsion comes not from an aversion to gambling per se, but from the sheer size of the market for it and its distance from

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