smokeyj

52 ms·

181.
by smokeyj 9y ago
To answer your original question > why should a company be allowed to operate if it isn't insured against failure to meet its basic contract obligations? Because it is meeting its contractual obligation. The liquidation preference
182.
by smokeyj 9y ago
And what's to stop someone from creating a BATS blocker that simulates attention? Will there be a captcha like challenge?
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by smokeyj 9y ago
> I'm sympathetic to your general point but it doesn't seem very relevant to this discussion. That you should judge the economy as a whole instead of picking one aspect and extrapolating what "our values are". Europea
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by smokeyj 9y ago
Except you don't know which land should be "for living", and which should be barren swamp land. If this were applied city-wide, there would be many owners of less than developable land getting taxed higher for no reason. If y
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by smokeyj 9y ago
There really wasn't a ETC ETH battle. BCH is currently trading about 1/5 of BTC and was briefly #2 in market cap.
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by smokeyj 9y ago
But the relevant metric here is how many people have nothing. If everyone had nothing you solved the inequality but you're still poor. Inequality is just a bad metric. I'd rather be a poor in America than equal in Venezuela.
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by smokeyj 9y ago
If you have two popsicles, and I have one - we could achieve popsicle equality by throwing one of yours away. We have overall less popsicles but greater equality.
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by smokeyj 9y ago
Blogger predicts bitcoin is a bubble. HN violently agrees. News at 11.
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by smokeyj 9y ago
> And why spend your money tomorrow when you'll get more stuff the day after tomorrow? Right, we'll die of starvation because our money will be worth more in the future. Instead of paying rent we'll all sleep in cardboard
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by smokeyj 9y ago
Russia is actively interfering in politics so we should resort to burning books. Yeah what could go wrong. Next we'll start accusing people of being communists.. https://en.wikipedia.org/wiki/Red_Scare
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by smokeyj 9y ago
> Since Russia is activaly trying to destabilise "the West" This is what happens when we allow CNN to broadcast. They radicalize the population and turn them into fanatics. It's funny how Russia became an existential threa
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by smokeyj 9y ago
Who decides what's legitimate? Twitter? Trump? There's nothing more anti-communistic than thinking for yourself.
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by smokeyj 9y ago
What do you think a better terminology is? I happen to agree with you. The more I think about it, the more sense it makes to use computer-network terms to describe the human network. Because what we're trying to analyze is fundamentall
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by smokeyj 9y ago
> The clear distinction between private and public is (in my estimation) more of an idealisation of free market economic systems than reality. Let's look at mall cops vs real cops. A real cop has the authority to blow your head off,
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by smokeyj 9y ago
Anyone who's ever touched bitcoin or run a node is risking prison time. It's luck that running a node didn't get your door kicked in by the feds for being an unlicensed money transmitter. At a certain point you just stop cari
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by smokeyj 9y ago
On my laptop (plugged in) I'd much rather donate CPU cycles than deal with ads/trackers/malware/etc. If I could generate credits when I'm plugged in on my laptop, then use those credits later from my mobile, I would
197.
by smokeyj 9y ago
Most of the practical use cases are illegal developed nations (because fundraising should be guarded for the elite). But there will be a developing nation that adopts the token economy, allowing for global crypto liquidity to flood in and b
198.
by smokeyj 9y ago
> it surprises me that someone would want to live for 1000 years when some people don't get 1 Yeah I get that. Crossing the border into Mexico is an experience. On one side of the line you have prosperity, on the other side you have
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by smokeyj 9y ago
> It's weird to think that you'd be interested in living for centuries or longer in a world that has seen everyone before you die When you consider that humans are just primates that evolved from a process known as "surviv
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by smokeyj 9y ago
>> If people against their conscious choice do things they know are bad for them > Ethical egoism is not my position; I'm not making a moral claim Hmm.. > Rather than just recognizing that jrs235 is using a different defini
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by smokeyj 9y ago
We're using different definitions of self-interest. https://en.wikipedia.org/wiki/Self-interest https://en.wikipedia.org/wiki/Ethical_egoism (your use) https://en.wikipedia.org&#x2
202.
by smokeyj 9y ago
I think you're conflating self interest and best interest. In the case of banks, you have execs acting in their personal self interest and not in the long-term interest of the bank. Their long and short-term interests were not in align
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by smokeyj 9y ago
> irrational regardless of the supposed interest. What does this mean?
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by smokeyj 9y ago
My point is humans have self-interest, and that humans act rationally to satisfy that self-interest. Not that the self-interest is "rational". An alcoholic who buys liquor is acting rationally according to his interest of getting
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by smokeyj 9y ago
Defining government is always a fun one. The cognitive dissonance alone makes it worth it.
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by smokeyj 9y ago
Do you have an example of someone not acting in their (voluntary) self interest?
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by smokeyj 9y ago
> Socialism is about class solidarity I thought it was about workers owning the means of production.
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by smokeyj 9y ago
All part-time drivers have to do is out-lobby the entrenched interests? That doesn't sound like a level playing field..
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by smokeyj 9y ago
Isn't the point of a drivers license to certify that you're qualified to drive on the road? Why isn't that enough?
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by smokeyj 9y ago
Blockchain the currency and blockchain the equity/bond/token were inevitable. The crypto world isn't concerned with traditional finance and their legacy rules. The future is decentralized companies financed with decentralized

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