nexthash

20 ms·

91.
by nexthash 6y ago
In Venezuela the rich were never destroyed, I'd argue that Chavez and his supporters rose into a new class of elites. They control the oil company, drug smuggling, etc. I'd argue that wealth as a zero sum game is a part of the p
92.
by nexthash 6y ago
It's actually interesting to look at the history of the income tax in the United States. The highest marginal income tax rate was at a crazy amount (> 70% !!!!!) during wartime in the 1910s and 1940s, corresponding with the strong
93.
by nexthash 6y ago
I wouldn't say that the Fed is corrupt or incompetent by intention, rather it is part of a set of policies giving lenience to the financial system written by a generation that doesn't understand the need for strong regulation. Suc
94.
by nexthash 6y ago
You don't seem to get it, do you? Your government decides it can't regulate crypto, so it bans it. People use crypto anyway. Government raids telecom and puts filters on Internet. People use encryption. Government shuts down Inter
95.
by nexthash 6y ago
This line of computers is really a testament to the ingenuity of people from the Soviet Bloc at a time when resources were few. There's so many stories of them harnessing the limited computing/calculator power they had to play gam
96.
by nexthash 6y ago
Don't invest in what you don't understand is the #1 rule of investing. If you jump off the deep end without knowing what's at the bottom, you are at a high risk of losing what you put in. New technology always comes with this
97.
by nexthash 6y ago
What is your evidence for these claims? Bitcoin and other cryptocurrencies go through multiple price fluctuations a day. The American dollar currently underpins and backs a majority of the world's financial system [1]. Sure it isn&#x27
98.
by nexthash 6y ago
Sorry to burst your bubble, but if a government wants to prevent you from using a cryptocurrency it has many tools at its disposal. Firstly, they control the ground upon which you stand. If they don't like that you are using crypto, th
99.
by nexthash 6y ago
Set this chart to "all" and tell me that this price movement is not a bubble. There is no earthly reason for why a "BitCoin" is worth $47,459.66 as of this post. https://www.coindesk.com/price/bitcoi
100.
by nexthash 6y ago
Call me back when crypto is being used for anything normal - buying groceries, homes, pay checks, etc rather than trading and speculation. As of now, if my job attempts to pay me in DogeCoin I will quit and file a complaint with the NLRB.
101.
by nexthash 6y ago
Yeah, it's crazy sad. Apparently the same thing is starting to happen now in Zimbabwe again with a 737.9% annual increase. At this point they are screwing over their people and any reasonable citizen shouldn't rely on or trust t
102.
by nexthash 6y ago
It doesn't make a difference whether a currency is paper or digital - if digital currency takes over in your country, the exact same thing will happen. The government will regulate its use, punish those using crypto 'unlawfully&#x
103.
by nexthash 6y ago
And who's to say crypto doesn't have 100 points of failure or insider founders that built the system before it went public? Just remember the hacking, scammy exchanges, founders selling off failing coins and the early whales who m
104.
by nexthash 6y ago
Seeing that the entire world uses USD as a reserve currency, and that governments won't touch BTC with a 10-mile-long pole, yes.
105.
by nexthash 6y ago
Yep, crime is all relative. Cryptocurrencies fullfill a very important need - how else would I accept my ransomware payments?
106.
by nexthash 6y ago
Ah, the Bitcoin gang has arrived! Have you considered the fact that coinage is actually for buying things ? It drives economic activity! Now explain what Bitcoin does
107.
by nexthash 6y ago
Yes, yes, yes. In another discussion, I brought up that according to current energy consumption rates for average mining equipment, it took 2.4 million terrawatts to mine the $1.5 billion in Bitcoin Tesla bought recently. Does putting this
108.
by nexthash 6y ago
This post promotes Snikket, a chat app built on top of XMPP. It talks a lot about decentralization and protocol development, but I doubt it will be able to best Matrix in this regard. Matrix has bridges connecting it to other apps like Face
109.
by nexthash 6y ago
Wow, this is a really cool idea, and I love the platform behind it! Reminds me of the old Anchor.fm. I can definitely see it riding the upswell of proximity and private chat room apps. Only question from me: how do you do moderation in thes
110.
by nexthash 6y ago
Sounds just like a bunch of bandaids applied to a deep gash wound.
111.
by nexthash 6y ago
At current energy consumption rates for average mining equipment, it took 2.4 million terrawatts to mine Elon Musk's $1.5 billion in Bitcoin. Pretty sure that such horrendous energy consumption would be better used elsewhere, such as k
112.
by nexthash 6y ago
So in essence researchers invented a computer program that sifts through conjectures (possible theories) about a certain area of mathematics (continued fractions), which will help discover new ways of computing important constants like Pi o
113.
by nexthash 6y ago
Throughout the technology hype cycle, different tech stacks will be promoted as the 'cool new paradigm', such as a JAMstack with a NoSQL backend being seen as 'modern' or 'scalable' compared to a Microsoft SQL
114.
by nexthash 6y ago
What does the second part of your sentence have to do with the first part?
115.
by nexthash 6y ago
I've said it before, and I'll say it again. Blockchain and decentralization does not produce trust and integrity. In this article the author gives a statistic: that fewer than 1/3 of Americans trust the financial system. And
116.
by nexthash 6y ago
https://outline.com/rbqkfu
117.
by nexthash 6y ago
Yep, and it's wonderful that we have important fabs that haven't moved production out of the US. However, other parts of the chip supply chain have been moved out of the US, such as iPhone chip manufacturing and stuff related to
118.
by nexthash 6y ago
A couple of strategic reasons: Taiwan's proximity to the PRC would knock out fab production should a war occur between the two. Also, the same proximity could lead to unwanted IP transfer, which could compromise US national security if
119.
by nexthash 6y ago
The context to this is the EPA's toxicity assessment on PFAS chemicals ("forever chemicals"), which are a family of chemicals shown to stay in the environment and human body for extremely long periods of time. Under the Trump
120.
by nexthash 6y ago
A lot of people here are asking the same question and I can't find it addressed anywhere: how does this product not heavily pollute the environment? Since the bricks contain plastic they are prone to flaking and the formation of microp

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