seibelj

233 ms·

391.
by seibelj 4y ago
Proof of Stake will come to Ethereum soon, and when it does, the environmental argument against NFTs and other ETH-based tokens will be moot. On the concept of creating artificial scarcity, this is a philosophical debate and we will not agr
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by seibelj 4y ago
That you are a hardcore cryptocurrency enthusiast
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by seibelj 4y ago
There is big money coming into crypto because it is rebuilding the financial system with software protocols, assembled into building blocks, and each block is tokenized like a stock. It’s like being able to invest in TCP at the dawn of the
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by seibelj 4y ago
You and I have fundamentally different world views. I don’t see an increase of commerce = more inequality. I see it as more services and goods being provided and more needs being met. I like when commerce happens. It means people are volunt
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by seibelj 4y ago
I would pay a lot of money for a Crypto Punk, the very first NFT collection. The floor price is about $50,000 currently. I would pay around $10k, but maybe in the future I’d be willing to pay more. Owning a Punk is a status symbol in crypto
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by seibelj 4y ago
I am a member of many token projects that have successfully altered their rules via governance vote. These include contract upgrades and fundamental changes to structure. It is possible to fix and augment post-launch, and in 2022 is quite c
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by seibelj 4y ago
Yes - Ferrari could make far more cars than they do. But new cars are limited edition and sold only to prior owners of Ferraris. This is a marketing strategy that keeps them artificially exclusive cars.
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by seibelj 4y ago
My world view, summarized to the simplest term, is “incentives”. You can find places and times where people act altruistically. We all do it regularly. We most reliably act altruistically when it comes to our own families, with our children
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by seibelj 4y ago
FYI they take monero, the most private cryptocurrency.
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by seibelj 4y ago
I have a totally made up theory given I know nothing. But perhaps alcohol cleans out the arteries because it makes built up fat break away from walls. It is a solvent after all.
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by seibelj 4y ago
I have dedicated the majority of my professional career to crypto. I am deeply passionate about the industry and its potential to disrupt the global financial system, and IMO it has already in significant and profound ways. Whether you agre
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by seibelj 4y ago
You can find some expert to say anything. I have literally no idea whether it was legal or not. But finding an expert to quote for your narrative is not exactly breaking news.
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by seibelj 4y ago
Plenty of firms and trading shops will survive. Not everyone was a total YOLO degen with billions of dollars.
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by seibelj 4y ago
The private sector will have to arrange any acquisition of distressed assets or they will fail and people will get hurt. Lenders will harden and be better equipped for the future. This IMO is a good thing - there is no one to save anyone an
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by seibelj 4y ago
Widespread union membership actually made it easier to keep wages down. Union leaders would negotiate wage increases to match inflation, but you couldn't leave the union and find a new job without losing all of your seniority. You were
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by seibelj 4y ago
I am a crypto diehard and I am rooting for all bad actors to fall apart. No government should or will step in - this is an experiment in watching what the free market will do. If BTC and ETH drop 99% I have no issue with this. Solid firms w
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by seibelj 4y ago
Crypto is clearly crashing but I’m more curious if a reckoning will hit FAANG, particularly Google. I know one person there who is the spouse of a good friend, and they make nearly 7 figures as a middle manager (although I’m unsure what hap
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by seibelj 4y ago
It’s also very focused on women being victims and exploited - but there is tons of male on male porn. So should only gay porn be legal because the men couldn’t possibly be exploited? Or is anyone on the receiving end by-definition being exp
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by seibelj 4y ago
Private tutoring will always be available to the rich. The various bans on personal freedom will keep life mediocre and ambitions small for the majority. China won’t reverse anything and their authoritarian nature will (as always) lead to r
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by seibelj 4y ago
Everyone who is giving interviews likes being in the public eye. It’s extremely easy not to give interviews - unless you did something like a big crime or are the center of a big story accidentally, you actually have to go out of your way
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by seibelj 4y ago
Yeah just gotta raise taxes more on whatever businesses are left and that will solve it.
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by seibelj 4y ago
Boston (Cambridge) is also the global top biotech and life sciences center.
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by seibelj 4y ago
I am a freedom-oriented person. This includes legalizing LBGTQ marriages, interracial marriages, and enabling adults of solid mental state to ingest substances of their choosing.
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by seibelj 4y ago
But you are not advocating for outlawing banking, which despite the centuries of regulations and oversight, still recently in our modern age conducted crime at vast scale. Yet crypto should be banned? When we are throwing them in jail?
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by seibelj 4y ago
I think we should ban 18 year olds from going $200k in debt for English degrees from our most illustrious universities. An albatross around the neck of incompetent rubes yet this is not outlawed. I can play this game all day. Why do we let
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by seibelj 4y ago
Novogratz of Galaxy Digital lost billions in the UST collapse as well as having a tattoo of Luna on his arm. He was not a normal clueless person. There are also clueless people who bought SNAP stock the day before it dropped 45%. There are
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by seibelj 4y ago
The wise among us will put their wealth in index funds. The less wise may dabble in options and stock picking. The foolish may buy BTC and ETH. But not everyone who picks stocks and not everyone who bought BTC were foolish. And this is why
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by seibelj 4y ago
Duetsche Bank was fined $700 million for helping launder $10 billion out of Russia. This is an astronomical sum and is merely one of innumerable cases of our largest government regulated banks assisting enormous crime at monumental scale.
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by seibelj 4y ago
It’s also fixed rate! As inflation eats into purchasing power, your monthly bill never goes up.
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by seibelj 4y ago
They can't raise interest rates quickly because it would nuke the easy-money economy (i.e. the entire economy) that has become addicted to low rates. They have to slowly raise them to keep stuff from falling apart. The ruling party als

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