puranjay

33 ms·

301.
by puranjay 5y ago
So does the internet. It was even worse in the early days of the web.
302.
by puranjay 5y ago
“Hey hey heyyyy”
303.
by puranjay 5y ago
I was pretty sad when they banned it here in India. TikTok had become really popular among poorer people somehow. The income and class gaps in India mean that you don’t often get to know how the rural poor really live - TikTok was rare a wi
304.
by puranjay 5y ago
I would not believe any numbers coming out of India right now. I have family in the medical field and they all agree that deaths are underreported by a factor of 5-10 based on where you are located. The FT did a story on it as well that sho
305.
by puranjay 5y ago
I wonder how much money GTA 6 would make. Isn’t GTA 5 already the most profitable single IP in history?
306.
by puranjay 5y ago
It wouldn’t be HN without a hilariously out of touch yet confident statement. I know this won’t be a popular comment but I used to come here because it was open to new ideas. Increasingly, popular comments here are reaffirmations of the com
307.
by puranjay 5y ago
State actors with armies haven’t exactly helped a lot of fiat survive. Ask a Venezuelan if he would rather have BTC vs his native fiat.
308.
by puranjay 5y ago
The idea of a decentralized ledger coupled with smart contracts is too powerful to be called a ponzi. Ponzis can be built on top of it, just as the internet can be used to sell penis pills and get rich quick scams. But just as those don’t m
309.
by puranjay 5y ago
Do you know what’s a good place to start if I want to build a rig for Chia?
310.
by puranjay 6y ago
Dissent against the elected government is a part and parcel of democracy.
311.
by puranjay 6y ago
If you can trade it, keep it in your own wallet, transfer it across accounts, that’s ownership. These are all ERC-721 tokens so they are under your control at all times. The servers can die but you can always still interact with the smart c
312.
by puranjay 6y ago
I think researchers underestimated how much solar simply “makes sense” to the average person. Once the price is reasonable enough, people are very easily able to latch onto the idea of using what they already know and feel - the sun’s heat.
313.
by puranjay 6y ago
Well, the good part about these metaverses is that they can actually create an income for people who own this virtual land/resources. I personally know people who earn a substantial income from owning land in games like MegaCryptopolis
314.
by puranjay 6y ago
Yeah, have heard the same from friends - IAS officers are unable to find beds for their close family. Remdesivir is being sold at 20-50x retail price.
315.
by puranjay 6y ago
The doctors in my family all openly say that the real numbers are at least bigger by a factor of 10.
316.
by puranjay 6y ago
I'm in Delhi right now and its truly bad over here. My neighbor was sick and we literally couldn't find a hospital bed for him that had sufficient oxygen. The system is breaking down. This is what they originally warned us about.
317.
by puranjay 6y ago
Crypto != Bitcoin You were meant to slay dinosaurs, not become one Banks used your money and bought risky assets that crashed the entire market in 2008. Did you benefit from it? Did most people? Banks deploying risky tactics to maximize pro
318.
by puranjay 6y ago
Forget it man. I've tried doing this on every HN thread. This place has lost its hacker spirit. It's happy toeing the status quo now.
319.
by puranjay 6y ago
> But I believe this is a kind of short-term bet against our future. Because we know the detrimental effects of cryptocurrencies. I'll list a few: 1. Owning your own money 2. Hedging against hyperinflation and endless money printing
320.
by puranjay 6y ago
> If a major government wanted to break crypto, it would simply credibly threaten to launch a 51% attack. Anyone who makes this argument likely stopped staying in touch with blockchain tech after 2016.
321.
by puranjay 6y ago
And I would still be fine with it because, again, my money, my risk. You have a chance to disrupt an ageing, slow legacy industry - banking - and most people here are rooting for the dinosaurs. Amazing!
322.
by puranjay 6y ago
Yessir, it's surely because of that and not because of the complete state collapse a lot of these people witnessed first hand.
323.
by puranjay 6y ago
Ever wondered why so many crypto projects come from China and Russia and former Soviet states? Because people who live there know what oppressive governments can do and how unreliable fiat is. I don't think people in the developed worl
324.
by puranjay 6y ago
> There’s a reason why Macau is no longer needed to get money out of China Why would letting people circumvent the laws of an oppressive state to move their assets to safer havens be a bad thing? If anything, this describes a bull case f
325.
by puranjay 6y ago
> anonymity lets users skirt the government's laws, which has value to basically criminals And dissidents and marginalized communities and activists and anyone living in an oppressive state. Are you really trying to argue that anony
326.
by puranjay 6y ago
Bitcoin can die tomorrow and crypto would still remain a $1T industry
327.
by puranjay 6y ago
If that happens and people don't get mad, it will be truly, truly sad. Most people here are pro ownership. If you think everyone should own their data (they should), why wouldn't you think that everyone should also own their money
328.
by puranjay 6y ago
Why would that be a bad idea? I don't know a single musician who says that record labels stealing 90% of their work is a good thing.
329.
by puranjay 6y ago
Putting a license on the internet isn't innovative. Putting a license that can be owned in fractions is. Most deals in the real world are already fractionalized. If someone is building a new housing complex, he is likely going to raise
330.
by puranjay 6y ago
NFTs can store any data. Currently, they're used for art but more and more crypto projects are deploying them for store different types of data on chain. You can tokenize anything and track it on chain - music, art, physical goods, rea

More ›