jgilias

22 ms·

391.
by jgilias 3y ago
So that’s what the Dunning-Kruger effect basically boils down to, right? That people in general are just bad at assessing their skills.
392.
by jgilias 3y ago
Of course. That’s an expected outcome if everyone just works within the system according to their incentives. When it comes to the US, the country literally would not exist if the British had anything close to the modern governments’ abilit
393.
by jgilias 3y ago
Yes, and one could argue that banning end to end encryption and doing preventive monitoring of all communications would render crime even less efficient. I think it’s just natural that in a democratic society people fall on different parts
394.
by jgilias 3y ago
Note though that the fraud that the prosecutor addresses here doesn’t have anything to do with crypto per se. As in, it’s not about securities laws, or even AML stuff. The fraud that scam bank man fraud got sentenced for was plain old theft
395.
by jgilias 3y ago
I think the “Bond villain” label is more to point towards the way of doing the operation. Which is pretty fitting imo, from the point of view of being everywhere and nowhere at the same time.
396.
by jgilias 3y ago
It’s interesting how the market’s reaction to this was basically - nothingburger, tick tock, next block.
397.
by jgilias 3y ago
I think first paper money appeared in China, and was government issued. Wikipedia has a quote ostensibly from Marco Polo where he discusses this peculiarity of people accepting paper as if it was a golden coin.
398.
by jgilias 3y ago
And that’s exactly what Bitcoin is. I don’t think someone with his mental faculties would have been naive enough to not realize how it could and would be used.
399.
by jgilias 3y ago
How do you know what Satoshi wanted? For all we know Satoshi might be Paul Le Roux making a way to move value for his ‘business endeavors’
400.
by jgilias 3y ago
Imagine how scammed the first people who had to accept paper instead of gold felt.
401.
by jgilias 3y ago
As far as I know they didn’t lose, they opted not to fight. This time looks like they don’t have the option not to fight.
402.
by jgilias 3y ago
That’s pretty unlikely to happen at the moment though. I’m far from a Tether fanboy, but in this interest rate environment they are likely making boatloads of money just by sitting on a nice chunk of T-bills.
403.
by jgilias 3y ago
The reasons are really not hypothetical. That being said though, I don’t personally believe that crypto will or necessarily needs to totally replace all fiat usage. It’s more along the lines of the realization that the possibility to have e
404.
by jgilias 3y ago
One is a run of the mill software engineering consultancy, the other a startup making a development as a service platform where they link companies needing work with engineers in the developing world.
405.
by jgilias 3y ago
I find it really hard to reconcile this viewpoint with reality. I personally know businesses who use stablecoins for international money transfers because it’s just faster and cheaper. Also, every month or so an article pops up here where e
406.
by jgilias 3y ago
There are no criminal charges involving Coinbase or Kraken. Litigation by SEC yes, criminal charges no. There’s a very meaningful difference there. The first type can ruin your business, the second put you behind bars too.
407.
by jgilias 3y ago
Yeah, it’s super weird to me too. I even got a downvote for this question. And, I can sort of understand that, but then, I haven’t seen anything that would make her accusations obviously groundless. I feel like I must have missed it somehow
408.
by jgilias 3y ago
They did lose against Ripple. That’s one case law precedent right there for determining what is a security. There’s also a non-negligible chance that they are going to either lose or have a dismissed case against Coinbase. Given that this c
409.
by jgilias 3y ago
What if your lawyers say one thing, but one of your possible regulators say something else? Or rather, doesn’t say anything, just allude? It’s for the courts to decide then. That’s what they’re literally for. You could argue that a more pro
410.
by jgilias 3y ago
I believe people should be given second chances. There’s a good chance that the Elm debacle has taught most people involved a thing or two.
411.
by jgilias 3y ago
There’s one angle of the whole thing that I haven’t yet seen discussed on HN. I wonder if Sam’s sister’s accusations towards him some time ago could have played any role in this. But then, I would expect MS to have done their due diligence.
412.
by jgilias 3y ago
I feel like even doing Wikipedia level reading on the topic should’ve been enough to stumble upon it though.
413.
by jgilias 3y ago
It’s a bit hard to believe though that the parents wouldn’t have realized how the name sounds like in their respective native languages.
414.
by jgilias 3y ago
It’s somehow very cool how the host (teacher ?) called him Janoś near the end of the footage.
415.
by jgilias 3y ago
As the Nobel laureate, economist F.A. Hayek said in 1984 - take the money out of the hands of the government using some sly or roundabout way.
416.
by jgilias 3y ago
Sorry this happened to you! I’m glad you managed to eventually pick yourself up after that experience! Stories like yours highlight how important the freedom to transact is. It’s all fine and dandy until one day suddenly it isn’t and you’re
417.
by jgilias 3y ago
It totally is discrimination. A friend of mine in an EU country had the experience where a client’s payment to his business rang all the alerts and was delayed by his bank for a month just because it came from an African country. Both total
418.
by jgilias 3y ago
I used to drive a cargo van at work that had a knob installed. I think it was the prolonged version of Renault Master, or something similar. It was actually great to have in that vehicle. The steering wheel was a lot more horizontal than in
419.
by jgilias 3y ago
Give us choice. I’ll take a long weekend over a midweek holiday any time. But I might want to vary it from time to time. So, choice.
420.
by jgilias 3y ago
Do you have children by any chance?

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