simple-thoughts

11 ms·

31.
by simple-thoughts 3y ago
Games, collectibles, lending, money markets, exclusive virtual clubs, international payments, trading are just a selection of activities I’ve personally engaged in on chain in ways I could not have off chain. Also whether or not you like sp
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by simple-thoughts 3y ago
Interesting that the article misscharacterized Nozick as right wing, completely missing the history of rejection of libertarians by both right and left parties and the continued outreach by libertarians to both.
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by simple-thoughts 3y ago
It’s both. Collective madness supports the ruler while the ruler cultivated collective madness. You don’t even have to look into the extremes to see this- both democrats with Biden and republicans with Trump are seeing complete unreality, w
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by simple-thoughts 3y ago
I’ve done this before, and the response is always “this is the first time I’ve seen this” and “you must be a bot operator”.
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by simple-thoughts 3y ago
I personally experience this loop all the time on different sites. I’ve completely given up - if a site loops I don’t use it and try again a few weeks later. If it’s something extremely urgent I use my mobile device which for some unknown r
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by simple-thoughts 3y ago
PayPal is a closed ecosystem that doesn’t support smart contracts or any other form of arbitrary code execution. If your point is that traditional finance uses code, sure, but that disguises the real differences between those systems and we
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by simple-thoughts 3y ago
There’s a wide range of products and services that are native to crypto that you don’t have access too without a blockchain wallet. Now you personally might not care about nfts, tokens, exclusive clubs, blockchain games just to list a few,
38.
by simple-thoughts 3y ago
Kind of depends on PayPal’s implementation details, but it’s still quite painful to transfer assets between web3 and the traditional financial system. If it’s easy to transfer pyusd from PayPal to a private ethereum wallet and vice versa, i
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by simple-thoughts 3y ago
It’s programmable, meaning you can use it for smart contracts. A common smart contract use case is dex smart contracts that let you swap between other cryptos and usd without any counterparty risk.
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by simple-thoughts 3y ago
If you’re abandoning your friends because of political differences, you’re part of the problem. Picking fights with people because you don’t agree with them doesn’t change any minds and does make the world a little worse. Also, your beliefs
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by simple-thoughts 3y ago
Science does not in fact prove only fruits and vegetables are good for you, and in recent years the healt benefits of meat and dairy have been coming to light.
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by simple-thoughts 3y ago
Limited shelter plus forced fasting is a way to achieve self actualization, learning both the limits of your body and discipline. Only to a degree, too much and you’re physically injured perhaps permanently.
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by simple-thoughts 3y ago
Because the State does it instead of a different organization. I wish I was joking but that is literally their justification- that because it’s done by a State it’s automatically legal. Of course the courts will rule differently but the peo
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by simple-thoughts 3y ago
Makes me wonder what other economic statistics are mismeasured or misinterpreted due to intangible assets. Seems like a potentially big issue
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by simple-thoughts 3y ago
People haven’t woken up yet to the combination of social media plus ever present cameras. Traditional ideas of security through obscurity plus mass media manipulation to keep secrets out just doesn’t work like it used to. In the meantime a
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by simple-thoughts 3y ago
No they will like it. A great book on the topic is “Hitlers Beneficiaries”. Most people like the idea of punishing their out group.
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by simple-thoughts 3y ago
The process is the punishment. Most likely he will win in court, but after years of legal battles, lost equipment that he has to replace without reimbursement, and having to find funds to pay contractors to repair his residence.
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by simple-thoughts 3y ago
Yes, but while it takes years to work these cases through the courts USG can continue rights infringement with no consequences for its staff. And once the court cases rule against USG, it can either ignore the case or find new workarounds.
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by simple-thoughts 3y ago
There’s not a functional between Google and USG. They act as two branches of the same unit.
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by simple-thoughts 3y ago
In theory healthcare and social security could provide positive roi. For healthcare due to a healthier workforce being more productive, and for social security by removing family burdens and freeing up prime age workers from elder care.
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by simple-thoughts 3y ago
Yes due to soft default (inflation). If you look at projected debt burdens, they are predicted to grow faster than gdp if inflation targets are met. If inflation targets aren’t met, like they haven’t in the past few years, then it’s effecti
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by simple-thoughts 3y ago
Even the size of the debt would be ok as long as gdp is growing faster than the debt. It’s not, which means the deficit spending is being used on things that are not growing gdp faster than interest rates on that debt. Like any business, go
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by simple-thoughts 3y ago
Markets are fundamentally about choice and trade offs. Monopoly is about runaway power dynamics created through random chance and force (you have to pay rent, you can’t choose not too).
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by simple-thoughts 3y ago
Most catastrophic thinking is related to climate change, though of course it could also be referring to the inevitable end of the solar system as the sun expands.
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by simple-thoughts 3y ago
Difference is securities are heavily regulated, it’s a weird system but works. With crypto self custody is not only possible but preferred
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by simple-thoughts 3y ago
Here’s my issue with coinbase. If I send my crypto to coinbase, I no longer own my crypto. Coinbase now owns it and can do whatever they like with it. But they market themselves as providing crypto services and as selling crypto when in fac
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by simple-thoughts 3y ago
Watching his mit lectures is edifying. He loves Bitcoin and thinks all ICO are scams. Of course most ICO are scams but not all…
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by simple-thoughts 3y ago
Personally I selectively disable scripts because it’s not any 3rd party business to know which sites I visit on my private device. And if a site works without any JavaScript that’s the ideal scenario - I don’t have to hunt thru the scripts
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by simple-thoughts 3y ago
Resource intensity of gdp in developed economies has been decreasing over time. That’s because wealth is not a zero sum game that necessarily requires an exterior to take the negative side of the equation. Rather wealth is created when bett
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by simple-thoughts 3y ago
This post reminds me of a founder I worked for. We had a pitch meeting where one of the prospective investors laid out exactly why the founder’s idea was fundamentally flawed based on the investor’s personal experience as a past founder wor

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