jmoak3

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by jmoak3 4y ago
> MtGox being the most infamous example. I was there for it. I mined my first coins in late 2011. Few people want to run their local node (server), few people want to point their wallet at their own node, and fewer people want to run cod
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by jmoak3 4y ago
Exactly, thank you. Generally, wallets need to connect to nodes, and nodes are servers. People do not run their own nodes, they connect to existing ones. Nobody wants to download the blockchain on a desktop, start up a node, write their key
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by jmoak3 4y ago
You really cannot make this up. As usual crypto in practice is the opposite of decentralized because people. Will. Not. Run. Their. Servers. Moxie nailed it
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by jmoak3 4y ago
I made a custom graph and while a lot of 55+ have left a lot of 16-24 have also left, so these graphs turned out to not be as convincing to my argument as I thought. Wanted to update if anyone follows this thread!
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by jmoak3 4y ago
Yeah. I lived there 2016-2018, some of the best years of my life. I moved back to PDX up from San Francisco in 2021 to try to settle in a fun place where I could buy a home and it was just a disaster. The stories people tell are both exagge
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by jmoak3 4y ago
Great observation, however Social Security only has 11 years before the system as we know it today has to cut payments [1]. I too would love to know the breakdown of the 200k. Even with Social Security payments however I still think a sharp
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by jmoak3 4y ago
I'd wager more people are poised to lose from a crash than ever before. Roughly 1/3rd of America is over 55+ [1], the highest it's ever been (I believe), and the average baby boomer retirement savings are ~$200k [2]. Asset pr
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by jmoak3 4y ago
The economic shock from the wake of covid is, in my view, primarily caused by early retirements in Advanced Economies. There is also the rising tide of on-shoring, but I think it's still related to the initial shrinkages of labor in Ea
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by jmoak3 4y ago
>Here, to make way for more inflation-spurring policies, I imagine Yellen has to fall on the sword for the current state of inflation, even though she was the former Fed Chair, not the current one, and the current Fed Chair (Trump-appoin
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by jmoak3 4y ago
I recommend everyone who reads this comment to pick up a copy of The Great Demographic Reversal by Charles Goodhart & Manoj Pradhan, a book on the cost-rising effects of aging populations among advanced economies.
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by jmoak3 4y ago
To add to your all’s points, here’s the link to the labor force participation rate for all ages: https://fred.stlouisfed.org/series/CIVPART We simply have a larger share of the population that is too old to work, when
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Tether trades at 0.993, lowest since June 2020
29 points by jmoak3 4y ago|12 comments
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by jmoak3 4y ago
I think we're still in the process of realizing we have new neighbors, judging by the rise in culture wars. We've got to peak soon, right? Until then, I could see it getting worse - people from one state marching in another to pro
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by jmoak3 4y ago
I think everyone is becoming more Authoritarian. The right will never stop because the survival of their traditions depend on it. The left will never stop because they know what's best for us. The central idea of Liberalism is that soc
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by jmoak3 4y ago
If we manage to keep organs ticking along for another 50/70 years, is that really a win? Currently 2/3rd of people get a form of dementia by 80, so hitting these numbers sounds like a recipe for a troubled society. I’d like to see
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by jmoak3 4y ago
An attack on business is an attack on speech, and shockingly the Republican Party has shown itself to be more than happy to assault both. The Democratic Party is not perfect and has a long history of this as well, but this instance feels… f
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by jmoak3 4y ago
>no one is subscribing to a service to watch reality TV I subscribe to Hulu to host Bachelor series watch parties. However, I strongly agree that Netflix content is braindead and the service charges you more than its content is worth.
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by jmoak3 4y ago
I was referring to the future, the demographic situation is guaranteed to raise costs. I'm sure the extra leverage China's citizens have from their earned wealth will play/is playing a part as well.
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by jmoak3 4y ago
Apple is also attempting to mobilize Indian workers before China's working population declines enough to be noticeable. The cost of business in China (regardless of international policy) is guaranteed to rise as the number of available
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by jmoak3 5y ago
I made my first money selling and supporting mods for Garry's Mod. A significant portion of my teenageer-hood was spent as a giant crab throwing popcorn in virtual movie theaters watching bootleg streams and writing code to enable new
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by jmoak3 5y ago
You're right, but I think you've missed a detail. Our stuff was being made in China, until many of our supply chains were severed due to Covid, leading to Chinese defaults, shortages, and an increased cost of doing business. Now a
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by jmoak3 5y ago
I agree. To see the process of prices deflating happen on a small timeline, look to Japan. After Japan realized their cost of doing business was going to rise due to aging, their markets crashed in the 90s. In response they poured epic leve
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by jmoak3 5y ago
Same boat, I wish they had announced it earlier, I would have gladly waited and paid for it. I couldn't be happier with my SE 2020 though, I've had it for 2 years now and I plan to keep it for 2 more, and recommend it to anyone wh
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by jmoak3 5y ago
I used to think so as well until I read The Great Demographic Reversal. The book argues that gains on capital will decrease as time goes on, due to labor becoming scarcer globally. Over the past half century global labor has been plentiful
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by jmoak3 5y ago
I'm sharing this as I found this read incredibly interesting. I highly recommend this book for an insightful discussion on where our globalized economy has been, and where it may be heading.
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Book Review: The Great Demographic Reversal(imf.org)
1 points by jmoak3 5y ago|1 comments
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Show HN: Chryst: bringing you as close to Jesus as you are with your smartphone(chryst.website)
2 points by jmoak3 11y ago|0 comments