javert

23 ms·

181.
by javert 5y ago
The natural scenario is that as the mining reward goes down, hash rate will dwindle until mining is profitable again. The only real problem with that is that with a small hash rate, bitcoin can be attacked more easily. If bitcoin is the mon
182.
by javert 5y ago
I haven't heard of housing sitting empty. Even if there is a flipper in the chain of possession, houses end up getting acquired by long-term investors who rent them out or people who actually live in them. As far as I'm aware.
183.
by javert 5y ago
Every time there is a fork, the market decides how much to value each of the forks. Personally, I think people will value bitcoin as good money if fiat money fails. And because they are seeking good money, will value the fork(s) that preser
184.
by javert 5y ago
Monetary policy goes at least as far back as the Roman Empire, which adulterated their money supply over time.
185.
by javert 5y ago
Sorry, my sibling comment came across as a little too harsh and accusatory (too late to edit now).
186.
by javert 5y ago
Bitcoin people believe it is a moral good (myself included), and have extremely strong arguments in favor of that view, which are rooted in morality and economics. Thus, when you make a snide anti-bitcoin remark without actual content, yo
187.
by javert 5y ago
Ethics is what we decide it is. How about not condemning practically everybody as some kind of sinner, the way you are? That's a counterproductive view that reeks of Christianity.
188.
by javert 5y ago
Both. In an illiquid market, it takes a long time to find buyers or sellers. You are incentivized to overprice (if selling) or underprice (if buying) and wait a long time to see if someone will match you. A liquid housing market means peopl
189.
by javert 5y ago
Yes, you are wrong to hate flippers. You are wrong to hate anyone who is working hard to make an honest living. Yes, flipping is hard work. All successful work probably displaces someone else in some way. If you're good at your job, yo
190.
by javert 5y ago
They will milk the government for all they're worth and deliver an over-engineered, dangerous, fragile, crappy result. I guarantee it. This kind of stuff should be left to the legitimate private sector, not the huge welfare-queen defen
191.
by javert 5y ago
Intel hardware definitely cannot be trusted. Probably "good enough" for most people, but it's honestly garbage, security wise.
192.
by javert 5y ago
> The human brain has only approximately 7 registers Where did you get this idea? Or did you come up with it? Ayn Rand had the same idea. She called it the "crow epistemology," rather than using an analogy to registers.
193.
by javert 5y ago
The question is what the Supreme Court would allow, not what the Constitution would allow. They are often not the same. The Court has engaged in a lot of spurious reasoning and wishful thinking over the centuries, and continues to do so.
194.
by javert 5y ago
Corporate governance by voting has already been proven to be viable. That's how publicly traded companies work. A DAO is not special. It's just an unregulated international corporation.
195.
by javert 5y ago
There is something wrong with grouping all "crypto" together. It's like having an asset class called "coinage" that includes gold and silver coins, copper pennies, and everything in between.
196.
by javert 5y ago
Sounds very close to Stockholm Syndrome.
197.
by javert 5y ago
It's not amazing. Like any company (a DAO is just a company), it could be run well, by good people, or run badly, by bad people. Whichever ways it turns out will not prove anything about DAOs.
198.
by javert 5y ago
It cannot be taken for granted that they have good intentions. In the crypto/NFT/DAO space, be suspicious until proven otherwise.
199.
by javert 5y ago
Thank you.
200.
by javert 5y ago
Thank you. Much appreciated.
201.
by javert 5y ago
You can't move bitcoin off proof of work. You can fork it, and the fork can become more dominant, but the fork won't be bitcoin. Similarly for changing the 21M coin limit. Bitcoin is an idea, not a democracy.
202.
by javert 5y ago
Yes, I'm curious about this too. How much dilution should be expected? Is there a way to think about this? (OP here.)
203.
by javert 5y ago
Thanks. He's a few years more senior than a "new grad."
204.
by javert 5y ago
In the $35 to $70 million range. I don't want to be exact, so as to not identify the company.
205.
by javert 5y ago
.1% of $10 billion is $10 million. His share would be .2%, so $20 million. But that's not factoring in any potential dilution.
206.
by javert 5y ago
Thanks for the feedback. Can you quantify "a few to several" percent? Thanks for the questions... answers below. Raised a seed? Yes. Profitable? He hasn't asked yet, but it seems that it should be profitable soon. Product mar
207.
Ask HN: How much equity should an early employee get?
41 points by javert 5y ago|34 comments
208.
by javert 5y ago
More important than official recognition by other countries, is simply being allowed to exist. Incredibly, Sealand has achieved that.
209.
by javert 5y ago
Like the other guy said, it doesn't matter. It's always spend $X to get Y% of the network. That's just how reality is. By the way, bitcoin miners do not vote . It's not a democracy. Proof of work is not voting. That&#x2
210.
by javert 5y ago
The conversation has moved on (meaning, you're right, and it's already been pointed out and discussed by others). You should read the other comments before you add your own.

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