ucaetano

11 ms·

31.
by ucaetano 8y ago
It does, you can download an apk and install it on Android.
32.
by ucaetano 8y ago
We all know how that ended :)
33.
by ucaetano 8y ago
The web didn't disappear, quite the opposite. Now you have the web AND the in-device app stores. Even more choice.
34.
by ucaetano 8y ago
> I, the engineer, do not want them to do this. You don't matter, consumers matter. > Before Google and Apple, I didn't have this problem. And you didn't have distribution either. > But it wasn't always this way
35.
by ucaetano 8y ago
> App stores are monopolies That is a huge claim, thrown around by you with no backing. You could get a few economists to discuss that for ages without reaching a conclusion. Unless you're talking about the layman's definition
36.
by ucaetano 8y ago
> We need similar laws to protect startups, small businesses, and sole proprietors Yeah, because laws protecting inefficient business are great for society and consumers. No business "deserves" protection. Consumers do, but not
37.
by ucaetano 8y ago
OP doesn't like single entities having so much power, so OP increases the power of a single entity.
38.
by ucaetano 8y ago
Loaning out a gold-backed currency isn't loaning out gold. You seem to be confusing "1 pound of gold" with "a piece of paper saying that bank X will trade this for 1 pound of gold". The two are not the same.
39.
by ucaetano 8y ago
> I think you're much too generous. Oh, definitely! Those in power don't understand that much of economics, and those voting don't really understand that much of technology.
40.
by ucaetano 8y ago
Yep, there is a divide between the old people in power who know economics, markets and regulation but have no idea how "technology" works, and the young voters who understand the technology, but without an understanding of how the
41.
by ucaetano 8y ago
How could those possibly solve the problem? They won't remove the cost of complying with GDPR. [Edit: sorry, I didn't get the sarcasm :) ]
42.
by ucaetano 8y ago
Sight...seriously? Gold wasn't a deflationary currency, not only that, the supply of gold increases over time, and some times suddenly such as when the Spanish empire started extracting gold and silver from the new world resulting in t
43.
by ucaetano 8y ago
Because you literally can't loan $5M in physical gold if you only have $1M in physical gold in your vaults. You can't just make gold out of thin air. Same with a bitcoin. You can, however, issue gold-denominated notes in $5M even
44.
by ucaetano 8y ago
Yep, users made it clear that they can't be trusted to make such decisions, so now the apps have to comply with new requirements, including security audits by 3rd parties.
45.
by ucaetano 8y ago
Damn millennials, ruining juvenile crime!
46.
by ucaetano 8y ago
> Bitcoin is an asset -- "always represent more value" is another way of saying "increase in value". What's the thesis here -- Bitcoin will decrease in value because it will increase in value? I think you'd
47.
by ucaetano 8y ago
It isn't returns. It is deflation. You're literally creating a broken system by design. Don't complain when it doesn't work.
48.
by ucaetano 8y ago
Sure there is a balance. Just like in emerging markets with high interest rates: if your government pays 10% per year (real terms) interest on its bonds, would you invest in a business that would only return 9%? No, nobody would ever invest
49.
by ucaetano 8y ago
> Why do we have to jump to infinity? Why can't the velocity of money vary based on market forces, including economic growth? Because the velocity of money isn't determined by market forces, it is determined by how easy it is f
50.
by ucaetano 8y ago
Isn't this the core concept of PageRank? If there are 10 million websites out there linking to a single article when referencing X, even if such article doesn't include X verbatim, that article will rank high in queries for X.
51.
by ucaetano 8y ago
Deflation and deflationary episodes aren't the same as a deflationary currency.
52.
by ucaetano 8y ago
Exactly. FRB is essentially a form of "double spending", but under certain conditions to maintain stability. Bitcoin doesn't allow double spending. Neither does gold.
53.
by ucaetano 8y ago
> Doesn't it depend on whether you deposit your bitcoin into a bank? Why would you? You can get better returns by simply holding it (since it is deflationary) than by lending it out or investing in productive assets. And even if you
54.
by ucaetano 8y ago
Don't copy-paste your reply :) But again, you are confusing deflation with deflationary currency.
55.
by ucaetano 8y ago
Oh, since you want to bring velocity into the game: a currency with infinite velocity has 0 value, and is therefore irrelevant. That's why it is trivial, the velocity of money doesn't change the deal, unless it is varying wildly,
56.
by ucaetano 8y ago
Driving deflation isn't providing value. The claim isn't even wrong, it doesn't make sense.
57.
by ucaetano 8y ago
Money is a proxy for capital when used for productive ends. So, yes, savings generate stock of capital.
58.
by ucaetano 8y ago
Loaning gold isn't performing FRB on gold.
59.
by ucaetano 8y ago
Exactly, and the difference of trying to do FRB with bitcoin or gold is that the new currency being created isn't the original currency. In the case of USD, for example, a USD created by a bank is indistinguishable from one you deposit
60.
by ucaetano 8y ago
You're confusing deflation with deflationary currency.

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