lowkey

58 ms·

601.
by lowkey 5y ago
The law hasn’t taken effect yet. Apparently it will go to a vote in parliament next week. I’m honestly not sure but would suspect they haven’t bought yet but will soon have the legal ability too.
602.
by lowkey 5y ago
It is desirable for a reserve asset and a store of value - which are use-cases for a currency. It is obviously not great to have a deflationary currency as the only option for spending. However, luckily we still have fiat currencies which a
603.
by lowkey 5y ago
“It's not hard to build a very conservative investment portfolio that beats managed competent-Western-central-bank inflation. Hell, you could just buy something like TIPS or Series I savings bonds and be done with. From that perspectiv
604.
by lowkey 5y ago
Though not mentioned in the article, the President of El Salvadore apparently also mentioned that the country plans to hold Bitcoin as a reserve asset.
605.
by lowkey 5y ago
“But the "loses 100% of the value per century" doesn't really seem to be a hindrance to our real-world financial needs. Lenders are capable of understanding this risk and extending 30+ year mortgages and even those weird cent
606.
by lowkey 5y ago
I’m not sure I understand, has BTC ever lost 99% of it’s value? If I understand correctly, the value of Bitcoin has only gone up over the past 11 years. While the purchasing power of the US dollar has fallen in real terms every single one o
607.
by lowkey 5y ago
I appreciate your point of view but if we look at the origin story of Bitcoin and Satoshi’s vision of the hardest money ever created, the fact that all fiat currencies lose value over time is exactly why it was created. While bitcoin may be
608.
by lowkey 5y ago
No one is arguing that Bitcoin is stable. I was simply pointing out that the USD is not as stable as you presume on a long-enough timescale. In fact it loses approximately 100% of its purchasing power per century.
609.
by lowkey 5y ago
The US dollar has lost 99% of its purchasing power since moving off the gold standard in 1933. Wonderfully stable if you consider $1 in 1933 = $1 in 2021, inflation is hidden taxation and disproportionately affects widows and orphans.
610.
by lowkey 5y ago
The regular banking system leaks your purchasing power over time via the mechanism of inflation. The regular banking system relies on the US Dollar which is backed by proof of violence - aka the largest military industrial complex ever crea
611.
by lowkey 5y ago
To clarify from the vlog, the vest itself is $400 + subscription option ($12/month or $120/year), though the owner has the option to pay an additional $400 ($800 total) to fully unlock the vest without a subscription.
612.
by lowkey 5y ago
According to the article real wages have been climbing for the past 20 years or so and only in the last year have caught up to the average wage in 1974. I don’t believe the article states what you claim. Based on your experience which of th
613.
by lowkey 5y ago
Which of my facts are made up? Real wages have fallen for the past 50 years. The fact that they may have made up some ground recently doesn't change the fact that wage growth is falling behind asset price growth and the problem is only
614.
by lowkey 5y ago
You are forgetting that the FED can and has printed enormous sums of dollars for example over the last 18 months. This dilutes the real-world purchasing power of the dollar leading to increased inflation in scarce assets such as real estate
615.
by lowkey 5y ago
Bitcoin is the opposite of a Ponzi scheme. A Ponzi scheme relies on fraudulent accounting to work. The earlier investor is paid a 'return' from funds that come from the principal of later investors. The distinction between a Ponzi
616.
by lowkey 6y ago
The definition of fiat means by decree. In other words fiat currency has value because a central government authority (formerly king) decrees that the paper has value. Bitcoin has no central authority that decrees it has value - only demand
617.
by lowkey 6y ago
> I don't see countries going to war over BTC (or the mining pool) as they already have cornered all the fiat currencies in a tight system. I think that's the point here. Unlike BTC which is powered by Proof of Work (POW), the
618.
by lowkey 6y ago
I just installed this and looking at the dependencies it includes both numpy and pandas. Could anyone advise how these relate to DuckDB? i.e. Is a DuckDB accessible as a Pandas dataframe?
619.
by lowkey 6y ago
Thanks for pointing that out. I've updated the title to reflect that it was blocked but not deleted.
620.
Google Drive blocks personal copy of Plandemic at request of Washington Post(reclaimthenet.org)
2 points by lowkey 6y ago|2 comments
621.
by lowkey 7y ago
sudo !! to run the previous command as sudo (so useful when you forgot to sudo a long command)
622.
by lowkey 8y ago
And the United States was notorious for IP theft before them. Fun Fact: the word Yankee is Dutch for pirate - not a coincidence.
623.
by lowkey 13y ago
> High real interest rates means that capital is scarce. That is an insightful observation, though I would argue that the scarcity of capital in a high-interest environment is an effect rather than a cause. The root cause of our current
624.
by lowkey 13y ago
> Falling real interest rates is probably a good thing! I would argue that is only true in an environment with negative real savings rates which are in my opinion not a good thing. It used to be that 'savings' accounts actually
625.
by lowkey 13y ago
Per the eWeek article referenced by salon.com, 'NSA Backdoor Torvalds was also asked if he had ever been approached by the U.S. government to insert a backdoor into Linux. Torvalds responded "no" while nodding his head &quot
626.
Linux creator admits NSA demanded backdoor(salon.com)
15 points by lowkey 13y ago|5 comments
627.
by lowkey 13y ago
If I understand correctly, ROS development will continue and the core ROS team are being migrated over to the OSRF, another organization started by the same founder. source: A friend works at the Open Source Robotics Foundation (osrfoundati
628.
by lowkey 13y ago
Adding a compressor fan to actively transfer air from the front to the rear of the pod while simultaneously serving as an air cushion to support the vehicle is simple, elegant and absolutely brilliant! An ingenious solution appears so obvio
629.
by lowkey 14y ago
Are you sure he specifically said it wouldn't require any sort of tube? I was under the impression that Elon's Hyperloop would be a derivative of the concept of Evacuated Tube Transport - a capsule containing passengers launched inside a tu
630.
by lowkey 14y ago
Fee-based Twitter vs. Ad-Supported Twitter is a false dichotomy. This smells like a PR stunt. How about an open-source Twitter-like service that can run on your own server and federate with others? http://www.Status.net has offered this f

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