natrius

33 ms·

331.
by natrius 11y ago
It seems unlikely that they'll be able to transfer money for free indefinitely. Their competitors hold on to balances for a reason: it's the only way to build a sustainable business on top of free money transfers.
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by natrius 11y ago
Consider the MoPac toll lane that's supposed to open in a year or so. It's priced based on demand to keep the lane free-flowing at all times (barring an accident in the lane itself). You'll be able to shave significant time o
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by natrius 11y ago
Apple's Austin campus will employ about 7000 people. http://www.techtimes.com/articles/82805/20150909/apples-aust...
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by natrius 11y ago
The danger of cultural waves like this is that there might not be a market for schools that stand up to it. If this mentality is prevalent enough in a whole generation of students, there may never be a school willing to stand up to it. It&#
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by natrius 11y ago
Ujo solves this problem with software. You look up a song in a database, choose to purchase a streaming license, send money to the song's program, and the program distributes royalties to the individuals who are owed. http:/&#x2F
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by natrius 11y ago
In some scenarios, it makes sense to program in hooks for upgrading functionality. Since contracts can call other contracts, you can just write a new contract and point the old contract at the new functionality if the architecture is suited
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by natrius 11y ago
Thanks! That's completely new to me. You got me looking into Dire, which looks like a similar pattern for error handling. https://github.com/MichaelDrogalis/dire
338.
by natrius 11y ago
You write a revocation message to the blockchain signed by your key. Now anyone who is trying to verify your identity can prove that it has been revoked.
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by natrius 11y ago
I said things about key revocation. You said nothing about key revocation. How is that a retort?
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by natrius 11y ago
Decentralized identity revocation requires a blockchain. It's easy enough to give people statements that you control a given public key. It's hard for them to know whether they should still trust that key. Blockchains are the on
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by natrius 11y ago
Care to elaborate?
342.
by natrius 11y ago
Ethereum isn't ready for end users today. Remember that you used to have to wire money to Japan to get bitcoins. Today, you install an app on your phone, put in a debit card number, then deposit funds in the app to access the Bitcoin n
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by natrius 11y ago
You're overestimating the loss of fungibility. When someone decides to stop rewarding a polluter, they'll broadcast that fact to the public. They can limit that to future rewards rather than past rewards. It would be rare for mone
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by natrius 11y ago
And if you like CSP, you should consider going all the way to using core.async in ClojureScript. Channels are much more pleasant to use with syntax support.
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by natrius 11y ago
No one said anything about building law into money, nor about making digital money more like physical money. We're just adding information about who is being rewarded. That's it. Individuals can use that information to make decisi
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by natrius 11y ago
If you offer to sell me your assassination car, I'll ask you for your receipt for the car. You can drive the car all you want, sure. Using it as a money replacement is hard. Banishing people to barter is an effective disincentive.
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by natrius 11y ago
Very. Money maintains its history from its creation to its destruction. Money is created when someone provides goods, services, or labor in exchange for debt. Money is destroyed when its creator accepts the debt as payment. With that said,
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by natrius 11y ago
Nash tries to convince the audience that money is good despite popular opinions on money being the root of all evil. Those opinions aren't baseless, though. Money entitles you to a reward from society, no matter how you got the money.
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by natrius 11y ago
Google has all my data, and that allows them to build incredible features for me, like Google Now and Inbox's automatic parsing of travel and event emails. I'd rather have all my data myself so I could pick great features from any
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by natrius 11y ago
Good question. It does, but public goods always have this problem. We currently address the problem by granting temporary monopolies on intellectual property so prices can be established for it. This is replacing one market failure with ano
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by natrius 11y ago
Intellectual property is a local maximum as far as progress goes. It's clear that society should reward all three of these researchers for their work, but our laws and our currency don't allow this. Currency might seem like a tang
352.
by natrius 11y ago
How can yesterday's wealthy overwhelm new generations? Yesterday's wealthy don't have anything I need besides maybe land, which we could solve separately if we wanted to. They have money, but if they overwhelm new generations
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by natrius 11y ago
I thought this up last week, but I wouldn't be surprised if I'm not the first. It's a combination of a few popular ideas. The financial crisis got people thinking critically about what money is, especially the people who hopp
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by natrius 11y ago
The problem with our capitalism is our money. Currency is a means for us to socialize debts so we can make trade more efficient. When you give Steve money, you're saying, "my people, Steve has provided me $30 of value, so please r
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by natrius 11y ago
> If you remove a key, what's preventing the server from not admitting that? Can you point me to somewhere I can read about Keybase's solution to this problem?
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by natrius 11y ago
It does beat it. Those walls are full of people. Those people shop. That means there's more demand for nearby destinations. Walking in places where there's stuff nearby is better: it's more interesting, and you'll have a
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by natrius 11y ago
Towers surrounded by green space has been tried, with mostly negative results. https://en.wikipedia.org/wiki/Le_Corbusier#Criticism Good urban space is mostly about how nice it feels to be on a street. You want a comfo
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by natrius 11y ago
Do you prefer JavaScript's semantics to Clojure's? I don't, but I'm interested in being convinced. This is a neat project regardless.
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by natrius 11y ago
Unless you're paying with bitcoins, you can't just teleport money. You need to transfer it via third parties. Credit cards do this and take a ~3% cut. If 21 can get its chips into every household, they can take a much smaller cut,
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by natrius 11y ago
Because the cost of electricity required to mine competitively is variable. When the price of bitcoins goes up, mining becomes more profitable. More hashpower is added by new and existing miners until it no longer makes financial sense to d

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