simple-thoughts

10 ms·

91.
by simple-thoughts 3y ago
History is not the past - it’s the study of documents from the past. So history changes for two main reasons (1) the uncovering of documents that were not previously available for study and (2) new, more convincing synthesis of the existing
92.
by simple-thoughts 3y ago
US DOD does not experience competitive pressures towards competence. It does experience competition from other agencies attempting to acquire funds from Congress. Most other militaries are even less competent.
93.
by simple-thoughts 3y ago
Note that higher interest rates necessitates higher corporate profits. If corporate profits didn’t rise with interest rates, then the risk adjusted return on equity would drop relative to the risk free rate. Imagine you’re considering stock
94.
by simple-thoughts 3y ago
I disagree with the following, but my understanding is Bitcoin purists believe that ordinals are moving Bitcoin away from Satoshis’s whitepaper introduction of Bitcoin as peer to peer electronic cash. In this mindset, meme coins and nfts ar
95.
by simple-thoughts 3y ago
Run an offshore bank or shadow bank with dollar accounts then credit the account with dollars. Ideally backed by dollar denominated assets so you don’t get a bank run.
96.
by simple-thoughts 3y ago
Other countries continued to use the dollar even after the Usa defaulted on its obligation by closing the gold window. There’s a bit more going on that trust in USA - most dollars are issued by private entities in overseas markets.
97.
by simple-thoughts 3y ago
The traditional definition of democracy is “rule by the demos” in contradiction to “rule by a small group ” or “rule by one person. So by this definition, any policy which is not popular with the general public is undemocratic. But it’s cle
98.
by simple-thoughts 3y ago
I don’t know what is meant by democracy here. I wish articles like this one would define what they are talking about. It’s definitely not “rule by the people” since if the people elect what is considered non democratic leaders or vote for n
99.
by simple-thoughts 3y ago
If people believe that inflation is caused by companies raising prices, the obvious solution (if you accept the premise) is price controls.
100.
by simple-thoughts 3y ago
A few people have said that the response to inflation will be price controls eventually. Reviewing this article and comment section has convinced me that it is politically possible. Perhaps it’s a good time to remind people that inflation h
101.
by simple-thoughts 3y ago
It’s posts like these that show the fallacious thinking behind most climate change policy. He’s taking the position of an overbearing parent telling the child to clean their plate, then explaining that it’s not enough “we need to do more.”
102.
by simple-thoughts 3y ago
I have only run remote teams since 2018 or so. I find that most focused work requires being alone not only for me but also for the team members. That said, slackers are a real risk and problem. Some people who would be fine in an office som
103.
by simple-thoughts 3y ago
Certainly your statement is false in economies such as South Korea which have heavily and intentionally relied on national champion corporations to drive economic growth.
104.
by simple-thoughts 3y ago
Tornado has those audit tools built in - if asked, you can prove the source of funds to a third party.
105.
by simple-thoughts 3y ago
Tornado cash still hasn’t been shut down. You can even visit it like a normal website if you have IPFS companion installed. Some people care more about freedom than compliance.
106.
by simple-thoughts 3y ago
There’s a certain strain of progressive thought, going back over 150 years, that connects these seemingly unrelated ideas: - Blank slate: human genetics are trumped by environment - Born Good: humans are good in their natural state and soci
107.
by simple-thoughts 3y ago
There’s no clear black and white categories of “violent” and “nonviolent” humans. Human on human violence has been a part of Homo sapiens as far back as there are archaeological records. Anyone can become violent given the right circumstanc
108.
by simple-thoughts 3y ago
Exactly this. Politeness is a way to allow social functioning in spite of bad behaviors. Different individual with different cultures and families will have different ideas about what is right and wrong. Politeness creates a field of commun
109.
by simple-thoughts 3y ago
Who even wants to work just 2 hours per day. Sounds extremely boring. Work is a great way to exercise your mind and body while simultaneously earning funds to purchase luxuries.
110.
by simple-thoughts 4y ago
The problem with the “SEC shutdown ICO” theory is US citizens are not the majority of crypto users. ICOs did ban US citizens and the ones active today usually still do so. Most of the world did not enforce anti ICO regulations so the cause
111.
by simple-thoughts 4y ago
They were superseded by defi and especially decentralized exchanges. In the ICO era, the only way to get a coin tradeable was to get it listed on centralized exchanges. Once uniswap and other dex launched, it became much easier to launch a
112.
by simple-thoughts 4y ago
For good or for bad, what “society” wants doesn’t really matter. People onboard through extremely difficult and regulated processes to blockchain applications because their desire for the products is stronger than the blockages. Sure you ca
113.
by simple-thoughts 4y ago
Luxury goods, blockchain games, access to usd for unbanked, international remittances, international contracting, alternative governance, p2p lending, trading micro cap assets, asset self custody, and more are all legal use cases of cryptoc
114.
by simple-thoughts 4y ago
> You want something that holds 1-to-1 exchange through time for it to be useful for exchange. There’s three issues. First, 1-1 to what? For daily expenses, people want their currency to be stable against consumer goods in a practical wa
115.
by simple-thoughts 4y ago
> bitcoin possesses far more credible monetary properties than the dollar Sorry this is complete BS. Inflation makes the dollar more useful for exchange. Not only that, the dollar is great for consumer goods as it is pegged to a basket o
116.
by simple-thoughts 4y ago
Your perspective is correct but missing a critical fact. The hedge fund manager still pays taxes in his home country for his earnings abroad. So he still pays the taxes for those services. Where it gets more crazy is if the hedge fund manag
117.
by simple-thoughts 4y ago
You will get wrecked, but yes you can use defi lending dapps to short BNB without counterparty or systemic risks.
118.
by simple-thoughts 4y ago
It may follow XRP where people buy it as a means to protest USG.
119.
by simple-thoughts 4y ago
Looks like AML compliance, since it’s sporadic and they don’t say the reason. Everyone I know hasn’t had a problem withdrawing.
120.
by simple-thoughts 4y ago
Exactly this. The financial system is designed to extract wealth globally and funnel it to well connected elites and the organizations they control. It’s not even a secret or a conspiracy, since all of the information is in the public domai

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