> deflation
You are making a lot of assumptions. But yes, a productive enterprise has to outperform doing nothing to be successful. And no, it is not possible to generate unlimited wealth simply by investing in a deflationary currency.
240 karma · joined April 15, 2015
You are making a lot of assumptions. But yes, a productive enterprise has to outperform doing nothing to be successful. And no, it is not possible to generate unlimited wealth simply by investing in a deflationary currency.
* https://fee.org/articles/what-do-we-mean-by-sound-money/
* https://mises.org/library/principle-sound-money
* https://www.aier.org/pertinent_category/sound-money-project/
Early adopters weren't enthusiastic about bitcoin because they hoped it would end fractional reserve banking or any other financial product. Rather, it was incredible to see the entire financial industry quickly rebuilt on top of sound money.
I agree that small transactions and mining can be (and are being) improved, but not for the same reasons. It's silly to blame bitcoin for government corruption and people taking advantage of government subsidies. Bitcoin is simply doing what was always done more efficiently.
I would expect that an individual like Bear would be more in tune with what bitcoin was trying to accomplish.
You don't need anyone else to agree to start mining your own fork / altcoin. However, even if most of the miners change the protocol, it doesn't mean that the users will.
Nope. I don't buy things in crypto only because of the reporting burden. Every cup of coffee bought with crypto has to be reported on a tax return.
San Francisco has a city budget larger than most other countries. This election, it voted to pass all nine measures for new taxes!
https://sfelections.sfgov.org/november-3-2020-election-resul...
I’d love to trust Microsoft. They have a lot of talented people working on a lot of cool things.
But, they voluntarily collaborated with the US Government to spy on their users at home and abroad, and those people are still in charge, as far as I know.
> We found 43% of all protein coding genes showed circadian rhythms in transcription somewhere in the body, largely in an organ-specific manner.
Assuming they looked at more than one protein biomarker, it’s highly likely that one of them would have circadian expression.
Places I've worn the P100: an airplane, grocery store, train, Uber, medical lab for a test. I found the peace of mind alone was well worth the inconvenience in these scenarios.
You should also include the cost of running all of the world's central banks.
US Federal Reserve budget is about $5B. Assuming 328.5k BTC mined per year, no tx fees, $20k BTC value, and mining at break even, mining energy costs are about $6.57B. It seems like they're on the same order of magnitude.
I am more concerned about the misaligned incentives for PoW, and to a lesser extent for PoS.
We settled on a public policy where we are only as safe as the worst mask an infected person is wearing. I would have preferred an alternative policy where people who don’t want to get sick simply wear an effective mask.
I do encourage covering the exhale valve, though, just to be extra safe and considerate.
Definitely! UCSF had a security firm send out a fishy-looking fishing email. My email client pointed out the url did not match the link text, whois told me it was a security company, and I opened the URL in a VM.
“You just got fished!” eye roll
I wouldn’t be surprised if most of those employees at gitlab were not so much fished as curious.
“But without government, who would break the contracts?!”
At that point, poker seems to me mostly about the skill of handling uncertainty and communicating with other players.
https://www.thestreet.com/personal-finance/cares-act-paychec...
I think it's also possible to learn without having strongly held beliefs about the subject beforehand. This alternative reminds me of Descartes (don't assimilate knowledge until you are sure of it's veracity) and Bayes (keep track of degree of belief about traditionally non-probabilistic things). Maybe such an approach would help getting trapped in local optima. E.g., I'd imagine it would be hard to climb out of the theist energy well once your world view were based on it.
I stopped using Bitcoin for daily transactions because of the stress of having to report every coffee purchase on my tax return.
Maybe the reason PayPal and so many other companies won't service adult industries is that there are laws that put them within arms reach of criminal liability?
On a related note, this reminds me of Operation Choke Point (2013-2017), where the DOJ harassed banks that did business with customers in legal, but "undesirable", industries [1].
[1] https://cei.org/blog/operation-choke-point-targets-porn-and-...
[2] https://reason.com/2014/04/28/doj-operation-chokepoint-and-p...
The free market works great to provide food.
"culture and fun has been sucked out of the city since the second tech boom ... when the artists [left] the sex parties would dry up ... Burning Man morphed [to] a multi-million dollar, helicopter valeted, elite event ... sex and intimacy parties altered by the world of tech and money ... You can smell hubris on the streets ... toxic and sometimes dangerous events that revert back to a very unprogressive and misogynistic dynamic, in which entrepreneurial tech 2.0 entitlement and hubris is leveraged to excuse treating women, usually lower on the career ladder, as little more than sex toys."
It's suffocating.
Yes, the events happen. They are almost always sincere, good-hearted, intimate, and problem-free. People in SF are experimenting to see if this is the vitamin that makes people happier in a culture that is hyper-connected, but scrutinized and isolating.
This writer takes these intimate events, and publishes an article about how they are "kinky" and "sexual." Author Andrew Chamings should write 1,500 words about he's the problem.
The only hint of anything socialist in this report is that Japanese zoning is based on centrally planned guidelines. However, the author reports a key downside of this: that there are fewer possibilities for experimentation- so I don't get that this is left-leaning.
> just because there is an open area available, should we really develop everything
The author makes the point that whitelist-based zoning results in urban sprawl. So, IMO, if you are going to develop an area, make it dense, convenient, and creative. And then you can leave the rest undeveloped. I don't know about the zoning laws in Seattle, but it's pretty dense with residential towers, pretty mixed use downtown and in Capitol Hill, but hikes and waterfalls are like a 20 minute drive away.
Well, it doesn't run on taxes either. Successful societies runs on voluntary exchange.
Given how much of the taxes are paid by the ultra wealthy (most of them), how philanthropic they are (very), and how wasteful the government is (impressively), why would you assume that voluntary philanthropy cannot replace involuntary, state-managed welfare?
Perhaps the government shouldn't incentivize their residents to make suboptimal investments.
"It's not really the government's problem if they impoverish their citizens and hurt their economy."
Instead, investing in stocks and cryptocurrencies benefit the economy in very similar ways. In both cases, companies hold on to these assets, and can sell them to raise money for doing projects, buying companies, hiring employees, etc.
But government's probably shouldn't be incentivizing or de-incentivizing any investing. Saving money is sometimes the best thing to do with it.