louloulou

14 ms·

31.
by louloulou 4y ago
And the consequences for the government spreading "disinformation": 0
32.
by louloulou 4y ago
That's just mostly debt, a hundred years ago it would have been a promise to pay you ~1/20 oz of gold. At the moment I think a $100 bill costs about 20 cents to produce, so it's 99.8% debt on the Fed's balance sheet.
33.
by louloulou 4y ago
LOL. - Julian Assange
34.
by louloulou 4y ago
By comparing rates with civilised societies that don't treat their populations as tax slaves that need to be constantly monitored so they don't get ideas above their station.
35.
by louloulou 4y ago
yes, much better
36.
by louloulou 4y ago
The US dollar was el Salvador's currency. They are trying to diversify away from that total dependence.
37.
by louloulou 4y ago
It's a good metric to determine how advanced a civilization it. Would be cool to just compare pis with the aliens, and then whoever has the longest pi takes over, rather than fighting to extinction.
38.
by louloulou 4y ago
> Can someone explain to me why there hasn't been a crypto payments use case that solves this? There has - most porn sites accept payment in bitcoin. https://lifehacker.com/how-to-pay-for-porn-with-crypto-and-w...
39.
by louloulou 4y ago
Fedwire is a terrible foundation to build transaction processing on, since it is extraordinarily slow - it would fail to handle the needs of even a small village. The "solution" of slapping something like banks on top of it is &qu
40.
by louloulou 4y ago
You're talking about opportunity costs - it's not a false dichotomy at all. Spending trillions on financial assets mean they are not spent on other things.
41.
by louloulou 4y ago
Better to just create trillions out of nothing and use them to buy financial assets, now that's a good use of money! ( https://www.ecb.europa.eu/mopo/implement/app/html/index.en.h... )
42.
by louloulou 4y ago
and 1.852 km in a nm therefore 1.852e+12 * 1.852 km = 1 nm i.e. 1 nm = 22927.4921 astronomical units Talk about extra long range!
43.
by louloulou 4y ago
> It is always guaranteed to be more profitable to just hold than invest or use What? There is no such guarantee. In the past 6 months the prices of goods and services denominated in bitcoin have more than doubled.
44.
by louloulou 4y ago
Maybe individuals are in a better position to judge whether or not they need something in their own lives. And if they use something, it's usually a pretty good indication that it is useful to them .
45.
by louloulou 4y ago
Maybe just try actually using it yourself so that you know what you're talking about, rather than being confused by random people on the internet.
46.
by louloulou 4y ago
> 1) why are you comparing to credit cards? The average ACH transfer costs zero dollars. As far as I understand ACH doesn't work globally > 2) why did you pick $100 as your basis? If I try to buy a $5 sandwich in Bitcoin and have
47.
by louloulou 4y ago
A globally accessible sound money that can be stored in your brain is pretty valuable to me.
48.
by louloulou 4y ago
The cool thing about that also is the hash power can be accumulated secretly and dumped on the network all at once
49.
by louloulou 4y ago
Or solar panels on the roof
50.
by louloulou 4y ago
> doesn’t require you to ever own any Bitcoin It requires you to borrow bitcoins from someone -> sell them -> do the attack -> buy them back -> and then return them. If you could borrow enough bitcoin, and gain enough hash, a
51.
by louloulou 4y ago
If you can maintain it, sure. But you can only double spend coins you already control, so at this point you would control 51% of global SHA2 hash and have a bunch of bitcoin that you would be double spending? Who would accept that as paymen
52.
by louloulou 4y ago
There's a simple solution to this... just wait longer
53.
by louloulou 4y ago
> Proof-of-work is so obviously, undeniably, mathematically guaranteed to be a crypto dead-end Bold claim. > Proof-of-work requires, by design, that the electricity value expended on mining is proportional to the total market cap of B
54.
by louloulou 4y ago
> contributes massively to the destruction of our planet. As with all human activity.
55.
by louloulou 5y ago
lol
56.
by louloulou 5y ago
CPI: 8.9% Fed funds rate: 0.5% US gov debt: 125% GDP HN: the problem is COVID/Putin, there is nothing the WH or the Fed can do.
57.
by louloulou 5y ago
It's a little unfair to compare to Shinjuku, which is the busiest station in the world . Sure, some of the big Tokyo stations can be mazes, but the signage is always very clear. No German stations are really dealing with comparable de
58.
by louloulou 5y ago
> we should be in a heavy transition period towards getting the most out of what we already know That's what a free market is for. Developing technology from what we already know is profitable and self sustaining. I can't thi
59.
by louloulou 5y ago
Cash is great, I moved from the UK to Japan. Now use cash all the time. Also helps to preserve privacy and personal autonomy.
60.
by louloulou 5y ago
Please don't kill StarCraft 2 MS

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