theseatoms

5 ms·

1.
by theseatoms 3y ago
Have they learned nothing from the past four years? Just that they can get away with it?
2.
by theseatoms 3y ago
If I had to guess, it's less so "planned" and more so that the various institutional and regulatory incentives make this sort of outcome extremely likely.
3.
by theseatoms 6y ago
Sort of like what's about to happen to housing prices, maybe.
4.
by theseatoms 7y ago
Just wait until Uncle Sam foots the bill directly. He has quite the "ability to pay".
5.
by theseatoms 7y ago
JRE is breadth first search, within a certain...domain.
6.
by theseatoms 7y ago
Pretty sure cable news is legally designated as "entertainment".
7.
by theseatoms 7y ago
Payments can be reduced to packets, for one.
8.
by theseatoms 7y ago
https://en.wikipedia.org/wiki/Goodhart%27s_law
9.
by theseatoms 7y ago
The open protocol could start small and gradually grow over time, maintaining backwards compatibility. The incentives aren't there, of course.
10.
by theseatoms 7y ago
They can sell their shares.
11.
by theseatoms 7y ago
Taleb's forte is applying various insights from practitioners of financial options to other domains.
12.
by theseatoms 7y ago
Imagine how powerful a paid browser could become on this front. As people slowly become more privacy-aware this might be feasible.
13.
by theseatoms 7y ago
At that point the pollsters may as well conduct a public service announcement. "Be aware that Google tracks and stores basically everything that they can. By the way, did you know this?"
14.
by theseatoms 8y ago
> There is a reason we don't see signs up like; 'No Blacks', 'No Gays', 'No Jews' in private establishments. Could you imagine the immediate public backlash against this type of behavior by a private es
15.
by theseatoms 8y ago
That "independence" is a fast-dissolving illusion.
16.
by theseatoms 8y ago
> which creates an incentive to maintain currency under the mattress. Continuing the thought experiment, consider what goods and services people would continue to spend money on, in spite of the expected increase in the value of money.
17.
by theseatoms 8y ago
> using bitcoin would send us backwards not forwards. This statement strongly implies that the US (and global) monetary situation is headed in a good, positive direction for human flourishing.
18.
by theseatoms 8y ago
> It's surprising to see how much many posters on HN want more government regulation over a tech. Regulation is one of the best ways for incumbents to build a competitive moat against prospective new entrants.
19.
by theseatoms 8y ago
Interesting. I'll have to read up on HyperLedger.
20.
by theseatoms 8y ago
The monetary supply schedule is deterministic, for one.
21.
by theseatoms 8y ago
As you've identified, a "private blockchain" is just a database. People can't wake up to this soon enough.
22.
by theseatoms 8y ago
Meanwhile, Twilio is raking it in on the back of this broken system.
23.
by theseatoms 8y ago
> give it to them as a freelance job I've always wondered why this isn't more common. It's win-win to be able to test the waters in this way. What downsides am I not seeing?
24.
by theseatoms 8y ago
Yeah. They analogy makes no sense. They can print however much money they choose to. There's no "profit" for government.
25.
by theseatoms 8y ago
Sounds like the typical terms need to be negotiated in the direction of founders, away from VCs.
26.
by theseatoms 8y ago
This is so relatable. Virtually all "news" is entertainment these days. And entertainment is, at its core, a matter of subjective preference.
27.
by theseatoms 8y ago
Forget "view". I want to own my records. It's my personal data that I've enlisted a professional to gather on my behalf.
28.
by theseatoms 8y ago
The costs of hacks are still largely external, while the costs of avoiding such hacks are high and internal.
29.
by theseatoms 8y ago
it's that or deadweight loss
30.
by theseatoms 8y ago
Plenty of economists push that idea. The way to make people richer is to move them to rich places. (Even more so internationally.) Your point about politicians stands. That's a great assessment of the tension between the two worldviews

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