md_

49 ms·

481.
by md_ 5y ago
True, but for most transactions the credit card fee (~%2) compares favorably with the Bitcoin transaction fee (~$8).
482.
by md_ 5y ago
Wiring money isn’t a great analogy. In the US it’s expensive for consumers just because banks can charge a lot for it, but ACH isn’t really more or less reversible (I.e., both are, to a degree) and is free. Conversely, in SEPA, wire transfe
483.
by md_ 5y ago
Citation needed? Humans have been using credit systems for millennia. The implication that in the olden days people only walked around with bits of gold in their pockets is a bit of “retconning.”
484.
by md_ 5y ago
> You are clearly anti-cryptocurrency and there are lots of reasons to have a strong opinion about it. I'm glad you know my opinions better than I do. :) > The fundamental technology is like giving away the key. Which fundamental
485.
by md_ 5y ago
[I'm not particularly pro or anti cryptocurrency--having a strong opinion on this strikes me as odd. But a few things in your post seem worth noting.] > I hope you will research some more. This is sort of a snarky way to start a pos
486.
by md_ 5y ago
Sure. Isn’t that the argument for market-based fixes to negative externalities, like carbon taxes?
487.
by md_ 5y ago
> The elite/rich/etc don't like NFTs Really? Then who are the people spending $512,000 on “Mars House” (or $69,000,000 on a Beeple NFT)?
488.
by md_ 5y ago
Belarus is already such a country. https://www.npr.org/2021/05/24/999920538/eu-asks-all-eu-base...
489.
by md_ 5y ago
Thanks, super interesting.
490.
by md_ 5y ago
These are good points. I think the claims are a bit bold. I do think the "active vs passive voice" is an interesting metric, since it seems intuitively a bit harder to know why that would differ for the two groups. As I noted belo
491.
by md_ 5y ago
This seems like an interesting claim. One way to validate it might be to run this analysis on the same topic on different news sources and see if the relative biases of the sources matches our intuitions. For example, I would expect to fi
492.
by md_ 5y ago
Obviously this depends a lot on how you define the metric. It seems to me (superficially) that "like-for-like" metrics such as "use of passive voice" should be fairly independent of reality; for a similar example, see th
493.
by md_ 5y ago
Not sure what OP meant, but from what I understand (which is very little) the Geneva Conventions forbid "perfidy", which includes "feigning civilian, non-combatant status". See https://en.wikipedia.org/wi
494.
by md_ 5y ago
Agreed; it's disappointing that the UK beat them to banning it.
495.
by md_ 5y ago
If I'm being candid, what bugs me about this kind of marketing is that I work for a Silicon Valley company which spends a lot of hot air on "doing what's right"—and I want it to be true. So, for {altruistic, self-interes
496.
by md_ 5y ago
Note that it's illegal in the UK and being scrutinized in the EU: https://www.ft.com/content/3254a7c5-3c9b-468c-9ed4-a324f5e42... .
497.
by md_ 5y ago
But statistically speaking it empirically isn't. Piketty, as mentioned by Tenev in the article, does indeed point out that one of the reasons return on capital is higher for the wealthy is because of access to lower-cost asset manageme
498.
by md_ 5y ago
The thing I don't see mentioned in this thread is how incongruous Robinhood's image is (a professed goal of fighting inequality by giving the working classes access to the same return on capital as the wealthy enjoy) in relation t
499.
by md_ 5y ago
Please. We prefer it be called the Hoboken squat cobbler.
500.
by md_ 5y ago
High income tax rates vs taxes on capital earnings do that, irrespective of how progressive the income tax rate is, no? I assume the point you are making is that taxing income at a higher rate than returns on capital favors earnings from al
501.
by md_ 5y ago
I think by the most deterministic view of human behavior everything boils down to inequalities of opportunity, but that may be a little reductive. I was looking at this more in the Rawlsian sense of “everyone should have the same chances, s
502.
by md_ 5y ago
> And presumably RPs in practice achieve this by subscribing to a list of key updates managed by the FIDO Alliance themselves. That seems like it puts a lot of control over the web into the hands of a group whose incentives may not be th
503.
by md_ 5y ago
Hmm. I replied to the wrong post.
504.
by md_ 5y ago
I don't totally follow. The key is baked into each device, so if you sold a mix of devices where some had the old key and some the new, revocation of the old key would brick the new devices with that old key.
505.
by md_ 5y ago
Let me give you a little more of a fleshed-out use-case, then, as well as some alternative designs that come to mind. Let's imagine I'm a consumer bank. I want the following features: * I ship users a FIDO key when they sign up fo
506.
by md_ 5y ago
It seems obvious to me that we can break the discussion apart into one of: * equality of opportunity * equality of political representation * equality of means I agree that the last is the least important. Unfortunately, data and common sen
507.
by md_ 5y ago
This sort of debate is always difficult because of definitional challenges. When we talk about inequality, are we talking about billionaires? About the top 0.01%? The top 1%? The top decile? Interestingly—and I don’t know what to make of th
508.
by md_ 5y ago
I’ll avoid taking an absolute position on Amazon—socially beneficial or not—but I do take issue with your argument: only by the most stunted measures of “better” is turning a profit sufficient or even necessary to show someone “makes the wo
509.
by md_ 5y ago
This entire essay is a “[citation needed]”. Aside from the lack of evidence given for basic claims (like that the rich support higher taxes), it seems to take as a given that all tax codes are regressive (what about wealth taxes?)—a critica
510.
by md_ 5y ago
Maybe. I would have to read the FIDO group’s discussions on this to be confident in my opinion. :) I personally enjoy the ability to use my employer-provided authenticators on my personal accounts. I think this is both convenient (only one

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