knownjorbist

14 ms·

91.
by knownjorbist 5y ago
If you actually examine the war doctrine of the US, or consider that the US and its allies by and large provide for the stability of world trade through tumultuous regions, yes. Only if you've been engrossed in Russian or Chinese state
92.
by knownjorbist 5y ago
> Literally this article is about how on several important metrics, we don't overall have a higher standard of living. Can you show where this is? All I can find is that by some estimates, some people spent less time doing certain t
93.
by knownjorbist 5y ago
The wild part is that a human being surviving in much of the world today has to know essentially nothing at all about how to survive in actuality. They just need to find a way to get money in one way or another.
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by knownjorbist 5y ago
It's not "capitalist propaganda". There's a reason humanity moved in this direction, away from feudalism and subsistence farming. It sucks. More people today enjoy a higher standard of living than even the wealthiest cou
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by knownjorbist 5y ago
https://en.wikipedia.org/wiki/Perpetual_futures
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by knownjorbist 5y ago
Bitcoin addresses are pseudonymous. There are ways to make transactions safer for all parties involved such as escrow and social recovery.
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by knownjorbist 5y ago
How can any serious person with knowledge of the subject say this with a straight face? There are entire classes of financial instruments in use today that could not exist in the tradfi ecosystem. Pretty sure that's "financial inn
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by knownjorbist 5y ago
It's so strange how much dislike HN has for crypto and "web3" more broadly, despite being so evidently ignorant of it here. They're literally circling around what has been going on for years in DeFi(and really exploding
99.
by knownjorbist 5y ago
I wish I could upvote this more. I would be willing to bet a number of such comments did not even read the article and responding based on impulse with their gripe about modern society du-jour.
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by knownjorbist 5y ago
1. The barrier is using a wallet of some kind. For me this difficulty kind of goes both ways - one, we've primed everyone already to expect to "sign up" for an account as it is, but in this realm they only need a wallet(a one
101.
by knownjorbist 5y ago
Part of the issue might be that there aren't a lot of conventional problems being addressed here in the same way that relational databases or spreadsheets addressed the problems of the business world of the day. A lot of the engineerin
102.
by knownjorbist 5y ago
I think decentralized identity has a lot of potential. Using a web3 app was kind of an eye-opening experience to me - I didn't make an account, and the developer of the app isn't managing the data involved. There's tradeoffs
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by knownjorbist 5y ago
Examples of what in particular?
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by knownjorbist 5y ago
This is creating a black hole of buy-side pressure for any and all carbon offsets that they work with(see their documentation for which). Broadening the carbon offset market is a good thing.
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by knownjorbist 5y ago
The former was not sending pallets of cash to our adversaries. Agreed that asset forfeiture should be illegal.
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by knownjorbist 5y ago
HN's perception of what's going in the decentralization and crypto sphere - commonly grouped under the "web3" moniker - is startlingly out of touch. There is incredible engineering going on and I know it's hard to s
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by knownjorbist 5y ago
This isn't the same at all, other than it's a lot of money going somewhere in the middle east. It was their own money being returned to them and not pallets earmarked for development disappearing into the night.
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by knownjorbist 5y ago
While this out of touch YC tech bro project will go nowhere, there are more sincere and less dystopic projects aiming to prove human uniqueness for the purposes of sybil resistance in web3: https://papers.humanode.io/whitepa
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by knownjorbist 5y ago
There actually are projects that could have a more tangible impact on the environment, if anyone is curious. KlimaDAO is essentially connecting carbon offset and credit markets directly to crypto and forming a black hole of buy pressure. In
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by knownjorbist 5y ago
In that case all you're doing is creating wallets and minting worldcoins into them for people. You can't access them unless you have their eyes(and their willingness to comply).
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by knownjorbist 5y ago
What does someone do when their eye vein pattern changes? Does this ever happen? What about someone who loses an eye or has some other eye damage?
112.
by knownjorbist 5y ago
What does this have to do with lending to retail though? How does this particular regulation prevent those from happening again?
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by knownjorbist 5y ago
Not at all. It's strange to me how paternalistic HN seems to get on this front. I would love concrete examples.
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by knownjorbist 5y ago
How is HN of all places this out of touch?
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by knownjorbist 5y ago
None of the companies mentioned are even in the same market as the predatory lenders you seem to be confusing them with. I'd wager they want to be subjected to the same oversight as "legitimate"(aka incumbent) players, but
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by knownjorbist 5y ago
Is this person one of them?
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by knownjorbist 5y ago
Nobody but yourself knows what this is off hand, but thanks.
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by knownjorbist 5y ago
What lessons did we learn that led to this being so highly regulated like it is? Why can't people do what they want with their money, in essence?
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by knownjorbist 5y ago
You still have yet to explain why lending in this manner is, or should be, illegal? This isn't payday lending or other forms of predatory lending. The reality is the banks want it this way, not because it was ripped away from them by r
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by knownjorbist 5y ago
All of this is missing the point that Nexo, Celsius etc do not fulfill the niche of a "payday lender" or anything of the sort. They exist for people who think they can make financial plays in the market while retaining exposure to

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