nootropicat

7 ms·

1.
by nootropicat 2y ago
Not paying taxes is the single best thing anyone can do. You can get an average market return and you will still move up, relatively, because most people pay taxes. Often it's the difference between having to work or not. Old money doe
2.
by nootropicat 2y ago
No they don't, banks have accounts with the central bank. They also have their assets and liabilities. They have to manage the system so that they can manage external withdrawals. When assets outweigh liabilities it's a bankruptcy
3.
by nootropicat 2y ago
What he wrote is a popular myth that originated in a misunderstanding how fractional reserve works, it just means they have long term assets to cover short term liabilities. There's a lot of this stuff on youtube. If it was true no ban
4.
by nootropicat 3y ago
There's a type of people that considers good living a sin and they invent 'solutions' like these. The solution to water shortages is to build desalination plants. They are surprisingly cheap - $0.28 per m³. https:/&#x2F
5.
by nootropicat 3y ago
I used to be optimistic, but it's 2023 and the only non-ponzi use case of crypto are stablecoins. What people actually want is to easily trade and transfer US dollars. Some tokens are pure ponzi schemes (like shib, btc) some are owners
6.
by nootropicat 3y ago
A ponzi is any system in which the only way for older buyers to cash out is at the expense of later investors. How is 'supply is fixed' relevant?
7.
by nootropicat 3y ago
The only issue with central planning is making people behave according to its rules - it's a problem of motivation. The calculation side itself is evidently better under central planning. Free market is an optimization algorithm and ma
8.
by nootropicat 4y ago
Eip 1559 saved eth holders billions of dollars. It's not possible to perfectly design a system from the start, and in fact ethereum was explicitly started as a work in progress. Bitcoin would need massive changes to even have a potenti
9.
by nootropicat 4y ago
The actual cost of running ethereum is negligible, about $5k/day at the upper end. It's just the cost of running thousands of staking nodes.
10.
by nootropicat 4y ago
I would have agreed with you in the past. Now, I have to disagree. >the web was hard to navigate and you relied on webpages "befriending" each other and helping you navigate to similar pages. That was real navigation and it had
11.
by nootropicat 4y ago
>ETH/BTC reached 0.1515 in June 2017 Yes, there were few weeks when ethbtc was higher, but that was over 4 years ago. There were 6 months of free money during the second half of 2020 with three digit APR. Most active people in defi
12.
by nootropicat 4y ago
Bitcoin has been an absolutely terrible bet for the last 4 years. On top of that most people in eth multiplied their holdings during defi summer.
13.
by nootropicat 4y ago
Humans didn't change at all since tests like cruentation were an accepted method. https://en.m.wikipedia.org/wiki/Cruentation Fortunately it appears ai will soon enough act as a modern version of God's judgme
14.
by nootropicat 4y ago
All those arguments reduce to "humans have a soul, computers don't, checkmate atheists". Ironically, soon AI will be able to generate articles arguing that AI can't ever think, automating yet another job. Any model capab
15.
by nootropicat 4y ago
Those historical returns are ridiculously optimistic. In fact stocks aren't great once you look globally. Imagine investing starting from 1900 Germany or Russia. In both cases you would be zeroed out. It's a form of survivorship b
16.
by nootropicat 4y ago
Relying on constant insane returns isn't financial independence. Considering how many people are working to extract money from equities it's most likely luck. Insane returns is one way to get to financial independence, because eve
17.
by nootropicat 4y ago
The obsession with plastic recycling is due to human irrationality. We are driven to conserve material resources over hard to imagine energy because matter is tangible. This is a fallacy. Plastic is made from oil, and recycling plastic requ
18.
by nootropicat 4y ago
That's because the actual point of progressive taxation is to prevent class mobility.
19.
by nootropicat 4y ago
Does this guy not realize how much he fucked up his Mars idea? You would have to be insane to live in a place controlled by him.
20.
by nootropicat 4y ago
You're thinking of the upper 0.01%. Global upper 1% starts at about $1M nw. Private jets are only really affordable at 9 figures.
21.
by nootropicat 4y ago
Online reality is as much real as the physical one, and as technology for io to the human body advances it's going to increasingly dominate. She feels noticeably superior to people that prefer the online reality for unclear reasons.
22.
by nootropicat 4y ago
>Western culture already has driven fertility rates well below replacement. Yes but it's clear it's not 'western culture' but 'industrial economy'. It's happening everywhere. Eg. Iranian TFR dropped off
23.
by nootropicat 4y ago
Because they would be. Cultures aren't equal. If you disagree, then how do you feel about death penalty for homosexuality in countries like Saudi Arabia or Iran? It's their culture after all and should be respected? Same for the B
24.
by nootropicat 4y ago
The problem with doing this in an adversarial online setting is that it's often used as a trick to make someone admit to some position that's 'close' to the original, and then spin that as agreeing to the original positi
25.
by nootropicat 4y ago
>And at the bottom of it all, one of the first dominos to tumble, was a company called 3 Arrows Capital, which promised to generate revenue by buying crypto-dickbutt NFTS... and then went on the run. I'm not even kidding. They lost
26.
by nootropicat 4y ago
>1. Incorruptible supply Not inherent value. >energy must be expanded. There's no way to fake it. That's a negative, not a positive. It means bitcoin actively destroy wealth while giving nothing in return. >3. Self-custod
27.
by nootropicat 4y ago
Gold isn't money. It was when the US government (and other before) forced people to sell other wealth for it to pay taxes. It was an early implementation of money. Gold has very weak utility today. >I don't think money needs to
28.
by nootropicat 4y ago
Money must be backed by something. Bitcoin is backed by nothing. This makes it a ponzi, not money. It's very simple. It can be used as a means of exchange, but due to being unbacked isn't and can't ever become a store of valu
29.
by nootropicat 4y ago
From all anecdotal reports of 'not working' I noticed all think of outsourcing as something they contract a middleman foreign company for, rather than hire individual remote developers. That company then hires locally. Then they w
30.
by nootropicat 4y ago
Hating Elon is in vogue now, anything else is irrelevant.

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