numair

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91.
by numair 5y ago
It’s 3:30am in Tokyo, so I don’t have the time to explain just how insanely incompetent Japan Inc. is when it comes to protection of national defense secrets. Instead, I will leave you with this link to a press release the Japanese governme
92.
by numair 5y ago
https://vitalik.eth.limo is an excellent resource. You’ll see that his thinking, and the thinking of people like him, is a lot more advanced than the thought processes of the armchair experts who seem to have dedicated their l
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by numair 5y ago
The only thing annoying about the term “web3” is that it downplays the eventual real-world impact of a lot of the capital innovations taking place. Personal lack of understanding doesn’t mean that something important isn’t taking place (whi
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by numair 5y ago
Not sure where you’re getting that statement from. The most important shift taking place right now is the massive increase in both capital velocity (speed at which it’s moving around) and capital diversity (whose money is being used) within
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by numair 5y ago
That’s completely incorrect, as this privilege is given out on a “friends of the company” basis. Hence my citation of the Clubhouse example. Moreover, as insiders have indicated, Cambridge Analytica had exactly that sort of privileged rel
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by numair 5y ago
Jack Dorsey personally helped Instagram with this exact feature integration while courting them to be acquired by Twitter. Once that failed he was one of the people who worked to shut this feature off for everyone else, to avoid another sit
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by numair 5y ago
One of the massive capital flows into the crypto and web3 markets has been from family offices and investment firms that sat around and watched VCs and Silicon Valley firms (like YC!) make billions from the shift to web and mobile interface
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by numair 5y ago
It’s amazing that people still don’t understand that a significant portion of “dark” markets are either created or controlled by law enforcement, often acting in a multinational collaborative effort that can go on for years without reve
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by numair 5y ago
A couple of months ago some colleagues and I submitted a very basic request practically begging Twitter for access to users’ follower/following graph on the new API. The use case was super-simple and obvious (allow people to import the
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by numair 5y ago
Conducting crime using crypto is quite stupid these days, because there’s a large cottage industry of companies dedicated to de-anonymizing every single transaction that occurs on the major blockchains. You know how people criticize these b
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by numair 5y ago
If Twitter had existed as a DAO on a blockchain, Jack Dorsey wouldn’t have been able to claim credit for “inventing” Twitter (yeah, I’ve seen the sketches, whatever dude) and we would be paying attention to Noah Glass’ opinions instead. The
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by numair 5y ago
> (Caveat: I work on FB Groups) You and your team members do really great work -- it's one of the only reasons many people still use Facebook. If you bail and create something that is more decentralized and web3, but with the same q
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by numair 5y ago
Quite the opposite. Check the moves on the exchanges, and you’ll see that the velocity of capital is truly unmatched. This is exactly why lots of very serious asset managers and quant shops have jumped in — crypto is becoming the major leag
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by numair 5y ago
Unless you have a birds’-eye view of the entire global economy and all uses of crypto in the market right now, there is no way you can make such a blanket statement with such certainty.
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by numair 5y ago
That is a very simplistic view of a large, rapidly evolving asset class. Your “few marginal use cases” will grow into the most important use cases of the entire economy — and no, we don’t yet know exactly what those are. Surely you understa
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by numair 5y ago
> Give a billionaire $20M, see the money go into the fintech machine and pour out into offshore accounts, as the billionaire holds on to whatever financial product they bought forever as long as it appreciates faster than inflation. I kn
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by numair 5y ago
Since this seems to be yet another HN comment thread filled with people who feel really smart for dismissing the potential of cryptographic digital currencies and the emerging liquid market for these digital assets, I'll just copy and
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by numair 5y ago
> They have been advertising publicly C@E for years but it was a restricted private beta. In my opinion the state of C@E has historically been falsely advertised. You could not go to the website and sign up, put in your credit card detai
109.
by numair 5y ago
When you’re a regulator, it’s often useful to allow things to grow into giant systemic failure so you have greater latitude to “fix things” when the time is right. As Sarbanes-Oxley demonstrated, the fix is often worse than the problem, and
110.
by numair 5y ago
Oh, great. The banking industry is getting “tough on crypto” by helping themselves. The Bank of Japan and the large banks in Japan operate one giant, corrupt, stupid oligarchy. It’s the insane incompetence of these entities, and witnessing
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by numair 5y ago
Thanks for putting the work in! This is really interesting; you might be on to something. I hope someone decides to cover this in a long-form article. Edit: The most interesting thing is comparing your comment with all of the others on this
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by numair 5y ago
Wow, if that’s true, it’s the first time I’ve ever heard of it — and it seems like something that ... A lot of people might need to know? Can we lazyweb into some citations and more data on that?
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by numair 5y ago
I think this has strong NFT potential. wagmi.
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by numair 5y ago
Regardless of whether they are biased or not, and whether they are positive or negative, I think it’s unethical for the NYT to publish articles regarding the social media industry without disclosing their multi-million dollar annual payment
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by numair 5y ago
> 10 companies agreeing to invest $10k apiece to advance and maintain some area of shared interest is every bit as useful as 1 agreeing to invest $100k generally. I wonder if the author is familiar with Ronald Coase’s work... https:&#x2
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Competitive Losers(numair.medium.com)
5 points by numair 5y ago|0 comments
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by numair 5y ago
Oooh, a copyright DAO. This is the most interesting thing in this entire comment thread, worth the time-value price of admission. Can you email me about this? Email’s in the bio.
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by numair 5y ago
A friendly reminder that, if you don’t like Amazon’s ethics in how they run their retail business, vote with your infrastructure dollars — that’s what’s paying for the show (well, that and their advertising business everyone ignores). Amazo
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by numair 5y ago
For those who aren’t aware of why everyone on Wall Street who understands both crypto and “traditional” markets would start laughing when they read this headline: Citadel is considered to be the main beneficiary from the “meme stock” madnes
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by numair 5y ago
There are so many things that could be said about correlation, causation, million-year-old biological and evolutionary design for the changes that happen to people when they have kids, and so on... But all I will say is that I think you’v

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