louloulou

10 ms·

61.
by louloulou 5y ago
A rational actor will exchange money for food rather than starve to death, regardless of whether the currency they are using is deflationary or not. Your argument is nonsense.
62.
by louloulou 5y ago
Fed profits (after paying out their 6% shareholder dividend to banks) gets remitted back to the US treasury. With a captured Fed, this is nothing but the government printing money to cancel their debt, with an extra step where banks skim so
63.
Eric Voskuil Presents Black Market Money at Web3 Summit 2019(youtube.com)
2 points by louloulou 5y ago|0 comments
64.
by louloulou 5y ago
> Otherwise some Russian bank could just increase that number to whatever they like. And say "Look, we own 100 Trillion USD. Now let's go shopping." Yeah, they can, and do. This is what Eurodollars are. And why the World i
65.
by louloulou 5y ago
Certainly that's what they want you to think.
66.
by louloulou 5y ago
> What happens if the biggest player has an unlimited supply of money they can just mint at will and use it to drive up the price that you pay? That's the situation we are in with fiat currency. That's what central banks do.
67.
by louloulou 5y ago
What ridiculous framing. The transaction wasn't reversed. Some people stole some bitcoin from Bitfinex in 2016, and then the US gov stole it from them in 2022. What exactly got reversed?
68.
by louloulou 5y ago
Use multisig. Just to add to this, we haven't even scratched the surface of what's possible with shared/collaborative custody and timelocks.
69.
by louloulou 5y ago
nice graphs for eurozone countries https://www.euro-area-statistics.org/inflation-rates?cr=eur&...
70.
by louloulou 5y ago
You're missing a few pieces. The amount of electricity needed to protect the network is directly tied to the value of the block reward. This depends on the value of bitcoin, true, but also the amount users are paying in fees and the
71.
by louloulou 5y ago
Replace it with.. a Pixel. https://grapheneos.org/releases https://calyxos.org/install/
72.
by louloulou 5y ago
Not a metaphor. The general theory of relativity is proof of work, so is a bridge. Being too big to fail is an example of proof of stake in a system and how it can be gamed. > an ever-increasing difficulty in the case of Bitcoin (getting
73.
by louloulou 5y ago
Literally everything good that humans have produced are proof of work. Proof of stake is the rent seeking that comes afterwards.
74.
by louloulou 5y ago
For bitcoin at least, a top of the line ASIC miner can do ~1,000,000x more hashes per second at ~1/100th the power per hash compared to a top of the line GPU. The current total hash rate for the Bitcoin network is ~200EH/s. So a 5
75.
by louloulou 5y ago
*Thanks to the chip shortage and trillions in money printing
76.
by louloulou 5y ago
Do you know the reason? In my case I just had to boost the power for the wifi a bit in the settings to improve the speed. But I never ran it with the original firmware, so have no point of comparison.
77.
by louloulou 5y ago
Not sure what they mean by "build my own router", it's easy enough to flash open firmware on a lot of tp-link models. https://download1.dd-wrt.com/dd-wrtv2/downloads/betas/2021/1...
78.
by louloulou 5y ago
Nonsense. Free banking systems worked fin in Scotland and Canada on a gold standard, and would arguably work even better in an internet connected society. Central banks exist purely to give governments full control over money.
79.
by louloulou 5y ago
bitcoin-cli verifymessage "address" "signature" "message"
80.
by louloulou 5y ago
You don't receive legal documents when you mine bitcoin. You receive bitcoin locked to an address to which you presumably have the key. Good luck convincing everyone that it's your bitcoin when someone else can prove they have the
81.
by louloulou 5y ago
Craig Steven Wright is a liar and a fraud. It is only due to the fact that our society is so scientifically and technologically illiterate that he is still on anyone's radar in 2021. Here are a bunch of signed messages to that affect -
82.
by louloulou 5y ago
We still don't have the whole picture precisely because the CCP have covered-up and blocked any real investigation into the origins at every step.
83.
by louloulou 5y ago
On Feb. 4, 2020, after a private meeting with Xi, Tedros formally announced to the WHO Executive Board that there was no need to “interfere with international travel and trade” and restricting Chinese flights was “counter-productive” to fig
84.
by louloulou 5y ago
Yeah, people making these arguments haven't lived in developing countries with terrible, inconsistent, reactionary, arbitrarily applied laws. Where you have to "break the law" constantly in order to survive.
85.
by louloulou 5y ago
Lightning channel opens/closes are 2-of-2 multisig transactions. Taproot would make them indistinguishable from singlesig transactions.
86.
by louloulou 5y ago
I haven't read the LNs, and have no opinion on whether it's Haruhi's mind or Kyon's. Either way, after watching it, I was left with a feeling of emptiness and the sense that life is meaningless if you're not able to
87.
by louloulou 5y ago
I wish he had mentioned Haruhi though (not the Haruhi subculture). That's the most extreme case of a single mind generating the entire world in which they exist, and having to keep itself distracted from that fact so it doesn't al
88.
by louloulou 5y ago
Well if it only applies practically to industrial level mining, I guess that's a good thing. Since it would decentralise mining and makes it more profitable for individuals who can freely ignore the law à la file sharing, cannabis, etc
89.
by louloulou 5y ago
Thank god governments exist to decide when I'm using my own money too wastefully. Funny how the portion of my money they already took and spent is never spent wastefully in their eyes.
90.
by louloulou 5y ago
Sure, all businesses are regulated within the jurisdictions in which they operate. But if I want to set up a mining machine in my house, I don't see how a government can say that running my heater is fine but running the miner is not..

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