mindcandy

7 ms·

31.
by mindcandy 11mo ago
> in fact they can start doing so today In fact they already have. There are 10s of thousands of forks of Bitcoin. Only a handful ever got significant attention. And, the original is still much larger than all of the forks combined.
32.
by mindcandy 1y ago
There are at least two reasons to buy Bitcoin: 1. You need it for use as a collateral asset for smart contracts. There are no crypto cops or crypto courts. Only collateral gives contracts teeth. There are many options here. Just like there
33.
by mindcandy 1y ago
At a logical level, Bitcoin should be decorrelated from stocks. The fundamentals of Bitcoin network adoption and utilization are largely separate and independent. But, at an emotional level, Bitcoin is considered a high-risk asset. So, when
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by mindcandy 1y ago
> would prefer to pay all their employees $0 and have all diners/customers/etc pay 100% of the wages out of guilt. It is my understanding that this is literally the origin of tipping. After the abolition of slavery, there were
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by mindcandy 1y ago
One of the greatest problems in argumentation over the internet is that people gravitate towards acting as if every statement is intended to define a universal truth so they can argue against that strawman.
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by mindcandy 1y ago
> This means if you ask it one question every two minutes, you're using about as much energy as a 10W LED lightbulb. Meanwhile your idle desktop PC and monitor are pulling 20-100W each. People tend to forget that doing the work the
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by mindcandy 1y ago
Compared to the “Magnificent Seven”, Bitcoin’s volatility has put it in the middle, while it’s performance puts it at or near the top depending on the time window. https://www.fidelitydigitalassets.com/research-and-insights&
38.
by mindcandy 1y ago
> I find it a dumb idea what whether or not people can get credit to start/expand businesses would be dependent of solving math problems. That’s quite a mischaracterization. We can at least agree that Bitcoin’s supply is set up to i
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by mindcandy 1y ago
You can buy a pizza from me with Bitcoin now. I’m not a vendor or even a chef. But, anything is negotiable.
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by mindcandy 1y ago
> Maybe they should work on fixing that It’s not an either/or. While we figure out the practical solutions to corruption in impoverished nations, we can /also/ do other work to improve the situation in Earth. And, in doing
41.
by mindcandy 1y ago
I still remember from over 20 years ago I was sitting in the kitchen talking to my grandmother. She was smoking and had some Fox News talking head on in the background. Maybe Hannity? What I noticed what that there was a main story for the
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by mindcandy 2y ago
We're getting warmer. Back in the days of king and country, people went through all that, went home, and some lived normal lives. A whole lot hid in that trauma from the neighbors and instead took it out on their families because it wa
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by mindcandy 2y ago
I think the two of us are on opposite sides of the "These elements include:" list :) "Laundry to do..." is a trauma dump for pretty much everyone in this third decade of 24/7 local/global disaster reporting. It
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by mindcandy 2y ago
Compared to the dollar over the past five years… The dollar down vs itself by 20ish percent. The median home price is up 30ish percent. Oil is up 45ish percent. Gold and the SP500 are each up 80ish percent. Bitcoin is up 1000ish percent. I
45.
by mindcandy 2y ago
Of course. But, then there's the rest of my comment...
46.
by mindcandy 2y ago
From what I've read, the deficit looked like a huge problem and turned out to not be a problem from WWII to 2008. That's the situation most economists, finance leaders and regulators grew up in. But, the demographic crisis means t
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by mindcandy 2y ago
I applaud the goal of rooting out the pork. But, "We have to do something. This is something." doesn't excuse how it's being done. Turning off the entire flow of money is unnecessary, even counter-productive, to understa
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by mindcandy 2y ago
I would be 10X as concerned and so would everyone else because mishandling those programs could absolutely wreck the lives of tens of millions of people. My point is that a lot of people seem to be in an "ends justify the means" m
49.
by mindcandy 2y ago
76 of those days are social security, medicare/medicaid, vet benefits, income security for the poorest citizens and interest payments. 15 of those days are national defense. 9 of those days are what Elon hopes to cut in half. https:&#
50.
by mindcandy 2y ago
This is a strawman that assumes choosing between the volatility of a memecoin or USD/Euro when the reality of the situation being discussed is choosing between the volatility of a USD-pegged stablecoin vs. that of a developing nation&#
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by mindcandy 2y ago
I'm finding a lot of these arguments to be disingenuous. Much of the discussion is around "Meanwhile, most people trying to use cryptocurrency to improve financial inclusion aren’t even thinking about on-ramp problems." Kuhn
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by mindcandy 2y ago
> if it was clearly labelled as AI I wouldn't even look at it. If you dislike it without even seeing it, that would indicate the problem isn't with the video...
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by mindcandy 2y ago
Tens of millions of people are having fun making art in new ways with AI. Hundreds of thousands of people are making AI porn in their basements and deleting 99.99% of it when they are… finished. Hundreds of people are making deep fakes of p
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by mindcandy 2y ago
https://www.lexaloffle.com/pico-8.php
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by mindcandy 2y ago
While we are all waiting for the world to sort these problems out, companies that are not interested in solving them for the world will continue to use SSO techniques. I’m very not impressed by this deep, extended critique of machine learni
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by mindcandy 2y ago
Right now you can get a DeFi loan at places like changenow.io that don't even require you to sign in. You put up crypto collateral. When you pay back the loan with accumulated interest you get your collateral back. If your collateral d
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by mindcandy 2y ago
I don't know off-hand. I do know that millions of people distributed around the world are motivated to the tune of trillions of dollars to figure out how to make this stuff work better in more situations.
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by mindcandy 2y ago
Gah. I shouldn't have mentioned houses... Now everyone is drilling down into houses. Which is an obviously difficult use case. I can't solve all of the worlds problems, for all possible situations, today, in pure crypto. It's
59.
by mindcandy 2y ago
Thanks. I confused the two. It's been a long time since "History of Philosophy" back in uni :P
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by mindcandy 2y ago
You are correct. There are no crypto police to confiscate your home as collateral. So, you have to do the whole deal in crypto. Without oracles, your only foundational tools are: wallets, time and sign-offs as inputs to smart contracts. Eve

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