357 karma · joined February 6, 2017
Some of us prefer not to give up on that though.
- throughput scalability (is being fixed) - programmability (could be fixed) - privacy (could be fixed) - post-quantum security (can't be fixed)
Building sound and complete STARKs are really an intricate affair! I have no doubt that we'll eventually get there though!
That's just, like, your opinion, man.
But maybe that misses the point: I have a firm belief that crypto currencies in one form or another is the future of money. History is too fraught with hyperinflation for it to not happen. The crypto currency that wins, though, will be the one that's in highest demand, not the one that's serves some abstract societal goals. So maybe the relevant question is: would linear emission be more attractive for its holders than e.g. Bitcoin's emission scheme with halvings of the inflation rate every four years?
Government is an abstraction that might make us blind to the fact that political decisions are made and enforced by actual people. The more economic power that crypto currencies amass, the bigger a threat they become to big government's taxing abilities, yes. Granted. But at the same time it also affords its supporters more lobbying power. I think governments face a prisoners dilemma in this regard: most governments might be better off if they all banned crypto currencies. But even better off if only their neighbors banned them and they allowed them, so they would get an influx of people and businesses making money in this sector, and they could tax these individuals. Think e.g. Crypto Valley in Switzerland, or Bitcoin enthusiasts visiting (or moving to?) El Salvador. And we all know how the Prisoner's Dilemma plays out in the long run: to the detriment of its actors.
And to you last points: ask modern day Venezuelans or North Koreans whether it's a waste to have sound money that can't be inflated by the whim of self-serving autocrats. Or ask a German citizen that was alive 100 years ago if sound money is a waste of resources.
Let `cp` be the current stock price; let `op` be the original price, before the offer was made; let `bp` be the bid price, what Musk offered; and let P be the probability that the offer is accepted. Then it must apply that
`cp = op + P*(bp - op)`
Meaning: The current price is the original price plus the probability that the offer is accepted times the stock price premium if the offer is accepted.
=> P = (cp - op) / (bp - op)
Plugging in the current numbers gives us a probability of about 50 %.