smokeyj

22 ms·

151.
by smokeyj 9y ago
The price of one bitcoin is arbitrary. $1 is no more crazy than $1 million. It's all crazy. But the question is, what's the supply and what's the demand. At some point there will be a correction. This velocity can't be m
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by smokeyj 9y ago
The kids are fed a sugar cereal diet, get no exercise, and are told to sit still and learn damnit . Meanwhile the rest of their existence is highly stimulating video games and instant gratification. I blame the adults. The kids who are at
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by smokeyj 9y ago
It isn't crazy to imagine crypto becoming adopted for actual transactions . Even if people are currently speculating, they're still downloading wallets they can spend from and loading it up with currency. For all these users ther
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by smokeyj 9y ago
How should hospitals distribute limited resources like vital organs? Or is that a dumb question because it's solved by Universal Basic Organs? I'm just going to take this one step further and pledge my support for Universal Beach
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by smokeyj 9y ago
I thought it was "universal" because it was meant to replace all social welfare programs with a basic income.. But what about it requires to be at the federal level? Is there a base number of participants that are required? Does t
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by smokeyj 9y ago
If UBI is sustainable and grows the economy, is there a reason not to implement it at a more local level than federal?
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by smokeyj 9y ago
The theory seems to be that when people have a safety net they'll better themselves with long term skills and grow the economy. I'm more inclined to have a more concrete social contract. For example, pay someone to learn a trade,
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by smokeyj 9y ago
How is this not dogecoin part two? What has this contract done to alter the laws of supply and demand? There's no doubt digital contracts are the future of social contracts. This contract however is not it.
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by smokeyj 9y ago
Compared to national currencies bitcoin is now top 20 in terms of market cap.
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by smokeyj 9y ago
Degrees are cost prohibitive and there's no incentive to increase supply. Higher costs signal exclusivity and prestige - which I would argue is the true value of a degree. It's an item of luxury that is intended to open doors for
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by smokeyj 9y ago
Can't tell if you're enlightened or institutionalized. > Scholarly work really helps shape the way you look at life for the better. Like what? What scenario did you encounter and how did your studies help you? Otherwise it soun
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by smokeyj 9y ago
While I believe other coins will inevitably be better suited for handling transactions than bitcoin, bitcoin may end up being the best store of value due to the amount of liquidity it has. Because of this bitcoin tends to act as the gateway
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by smokeyj 9y ago
There's literally no libertarian who didn't want bitcoin to go public. It's being adopted, not "coopted".
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by smokeyj 9y ago
What excites me most about ICOs is how accessible it makes organization. To get a group of 10 people to work on a common goal and share the reward is surprisingly difficult. The overhead of the legal and accounting costs makes it a non-star
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by smokeyj 9y ago
> I'm not saying it's any better Donation based funding verses decentralized equity.. And we're not going to say one is better.. Crypto has become so politically incorrect on this forum that we now have to preface logical
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by smokeyj 9y ago
And who's face is on the bitcoin? Pay Satoshi what's due to Satoshi?
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by smokeyj 9y ago
> I agree it's not a perfect system I think it's a great system. But I also hate poor people and don't want them to have the same opportunities I have. Let them play the lottery instead right?
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by smokeyj 9y ago
> If it is optimizing a compiler in assembler So if you have a CS degree, you're qualified to optimize compilers and perform security audits at large institutions? No way. In practice these are two different and highly specialized j
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by smokeyj 9y ago
So all scaling progress is stopped because of a youtube video? Yikes. There should be a law of bike shedding, where you don't realize you're bike shedding because omg it's the most important thing in the world .
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by smokeyj 9y ago
> We'd be better off with an economic system that values agency and lives worth living a little more than efficiency and profit So, charity. Any economic system rooted in the altruistic nature of man is doomed to fail. Only rational
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by smokeyj 9y ago
> relying on random numbers being both fair and not being tampered with You can easily validate that a block is valid and has the correct PoW. For this to work an attacker needs to be mining valid blocks (expensive) and partition the bit
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by smokeyj 9y ago
The point about regulatory capture is secondary to the increase in cost. But there are patients going from high cost to low cost countries (linked below). There's also "big pharma" that is using IP regulations to limit what c
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by smokeyj 9y ago
I realize these regulations exist, my point is they come at a cost and that at some point the costs can become prohibitive. As I mentioned below the argument isn't just theoretical, it's why the term "medical tourism" ex
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by smokeyj 9y ago
> How would they be more dangerous if they were regulated? Not necessarily more dangerous, but more expensive. Medical tourism anyone?
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by smokeyj 9y ago
The streets where I live have giant pot holes. The government had the job of creating a flat surface. I got a surface with holes in it. If we had a competent government they could probably just upgrade the roads nation wide with smart senso
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by smokeyj 9y ago
> The reason why consumer/enterprise software is so lightly regulated is that very few people die when mistakes are made So few people die because computers are nearly unregulated and mass manufactured. Computers are cheap and saf
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by smokeyj 9y ago
This is largely solved with multisignature wallets. But centralized databases have this same attack vector, along with all the challenges of maintaining a database.
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by smokeyj 9y ago
Bitcoin has proven to be an effective ledger in regards to uptime, consistency and not getting hacked. The transaction fees are becoming higher but it's probably still cheaper than administering your own database that's potentiall
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by smokeyj 9y ago
There's some truth here but it seems we're comparing apples to oranges considering Finland is the size of a US city. I wonder how a top US city compares to Finland for example, or the EU as a whole compares to the US in class mobi
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by smokeyj 9y ago
> Workers aren't systematically unable to get their final paycheck in most other western countries. How is a one-off event systematic? This is a chapter 7 bankruptcy. The employees become creditors and participate in the liquidation

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