pengwing

9 ms·

31.
by pengwing 5y ago
You asked for the econ perspective, so prepare for some darkness: When judging the economic productivity of the lowest class of wage workers the usual expectation is negative. Violent crime and substance abuse leads to a huge cost in terms
32.
by pengwing 5y ago
Regarding 1: Sure the game itself is centralized, for example Axie Infinity might even ban players who "cheat" according to their definition of cheating. So if you are a bad apple or get banned without justification, then block ch
33.
by pengwing 5y ago
I always like to imagine how we will look back onto subjects 5 years from now, which helps to come up with more precise terminology and potential perspectives: "Generation 1 of play2earn gaming popularized in 2021/2022 was based o
34.
by pengwing 5y ago
In scenario 1 (monopoly): Only one company with worker w1, price p. prod_1 = p units / hours_w1 In scenario 2 (supplier + monopoly): Let's assume that the second company is not magic, but needs a worker to coordinate with the othe
35.
by pengwing 5y ago
1) It enables users to own their assets regardless of the state of a centralized server. 2) Standardized format to trade on any third-party marketplace. A player could sell to an investor who has no intention of playing.
36.
by pengwing 5y ago
I agree: There is no killer-app from the perspective of a first-world citizen. For low-wage workers in developing countries the killer app is play2earn gaming.
37.
by pengwing 5y ago
It doesn't have to, that is probably the largest take-away and also most important aspect when it comes to career advice: Being a 10x engineer at a small, insignificant company without growth potential means that you hardly produce any
38.
by pengwing 5y ago
Rent is commonly very low on the list of issues a business owner faces. This may apply to mom-and-pop shops who feel two simultaneous effects: lack of demand and gentrification. Do you have a specific business in mind that is very rent-depe
39.
by pengwing 5y ago
Thank you for that comment. It helped me understand that many people do have their own definition of productivity (getting X done per hour) which differs starkly from the economic definition of it (GDP per hour). Speaking in economic terms:
40.
by pengwing 5y ago
1: It's the same from an econ perspective as long as people are interested in being alive. 2: I think "same job" is the misunderstanding here. It is about your contribution to the company's gross result. Being a lumber j
41.
by pengwing 5y ago
Five times "why" tends to give us more answers. 1) Why is the labor supply so low? Workers are not interested in the relatively low salary for relatively bad working conditions. 2) Why do salaries not rise? Mid-term the hard cap f
42.
by pengwing 5y ago
Let me expand on that point: "Don't accidentally throw out good apples with the bad ones because you are looking at the wrong metrics." What I mean is: Bad apples are real, but don't ever do time-tracking or fast respons
43.
by pengwing 5y ago
You don't have to. Inventing BTC and being rewarded for it is very much based on merit. You are free to live in a society based on other values if you want to.
44.
by pengwing 5y ago
BTC is already a de-facto currency in El Salvador and somewhat short term stable. As an asset class BTC solves yet another problem: It is a better version of gold due to the hard supply cap.
45.
by pengwing 5y ago
A really great study, albeit of a completely different topic. Let me explain the it in layman's terms: Can expectation of inflation be used as a trading signal to profit from a rising price of Bitcoin and Ethereum? Result: Not really,
46.
by pengwing 5y ago
Ethereum has only been around since 2015. Naturally smart contracts, DAos and NFTs are somewhat newer technology, still exhibiting flaws. Block chain as a concept with the single use case of store of value has been around since 2009 in the
47.
by pengwing 5y ago
"Wallet" is already such a great term for it. Much like a real wallet, just put an amount into it that you are willing to lose. Credit card chargebacks can be a feature and they can be a nightmare + all CC interactions definitely
48.
by pengwing 5y ago
This is a good example of knowledge rot. The author used to be an authority in the field of IT, but has a mid-level understanding of blockchain tech and almost zero understanding for blockchain culture. For example "With a blockchain b
49.
by pengwing 5y ago
Simply looking at inflation and wages is sufficient to detect the problem, but not to solve it. An increase in wages is always limited by an increase in worker productivity. GDP per hour worked increased by 1-2% yearly. ( https:/&#x2F
50.
by pengwing 5y ago
The irony of course being that you would have to fully trust the programmer who reviews your contract.
51.
by pengwing 5y ago
If this individual was based in the EU, Art. 22 GDPR would protect him against this practice. Basically making a fully-automated high-impact decision is not legal. This applies regardless of the company's location.
52.
by pengwing 5y ago
I do not know this particular story and do not see the relevance to the points I am making. That being said, you cannot steal an NFT via Discord screensharing unless you manage to display your private key on screen. In which case: Children
53.
by pengwing 5y ago
NFTs are not the answer to many questions. Maybe you should start asking the correct questions. The one problem NFTs solve perfectly: How to do decentralized and pseudonymous proof of community membership. Successful projects like Bored Ape
54.
by pengwing 5y ago
SEEKING Digital Artist - Remote We turn digital art into successful NFT projects. Our focus are profile picture collections. You can either be paid upfront for all rights to your work or receive royalties of the NFT sale. Please submit a sa
55.
by pengwing 5y ago
This reads more like an issue with Vue (social, not technical) than a valid criticism of the JS ecosystem. Vue.js is a great project for front-end enthusiasts, but if you look at business objectives (aka getting things done) you would want
56.
by pengwing 5y ago
SEEKING FREELANCER | Remote worldwide Seeking graphical designer/artist. We are a group of blockchain developers and marketers looking for graphical designers/artists to create NFT collections. You should have a unique artstyle th
57.
by pengwing 5y ago
Dear Mr. Client, a whole year has passed, the web app we developed for you is obsolete. Paying us a lot of money to develop a new version appears to be the only option.
58.
by pengwing 5y ago
This thread definitely helped me to understand that there is a huge market demand for a Youtube series teaching how to write decent SPAs with React and also how to properly secure an API. Leave a reply if you want to be notified when the co
59.
by pengwing 5y ago
I think you misspelled "contributed".
60.
by pengwing 5y ago
I would not contribute to something framed as a graveyard, because the name implies commemoration of your loved ones. If you ever want to be successful, your way will be paved with the corpses for your side-projects. You killed each one you

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