Started hearing ads on whatifalthist this summer for it, seemed incongruous and a bit desperate. The tech is interesting but the founder poisoned the brand long ago. I assume it's a surveillance scheme in search of a tyrant at this point, but there is probably some worthwhile tech there for improving btc if only on higher layers. I'll choose Monero if I really need a privacy and evash won't cut it...
Sure, but pro sports are subsidized by money printing. The athlete vs regular dude wage gap is another one of those things that got grotesque coincidentally after 1971.
Agreed. The botstorms on every platform are over the top even for the left, more vitriolic than even Butler. Seems orchestrated.
The Big Print is coming...
Got Bitcoin?
https://v.nostr.build/Aut63ZOk859XsUqa.mp4
Listen to "The Big Print" by nostr:nprofile1qqsxc56ajk5xtxerf4dqspgrfa0s5elrcr80lnz9nasldq87j3zzf0cc5h4hk on Audible, narrated by yours truly.
https://www.audible.com/pd/The-Big-Print-Audiobook/B0F2NBRB4Q
How many Indian slave kids did it take/did you put out of work to make this graphic?
Does anyone know who the artist is? I would like to buy the ip and open source it.
Major quantum computing advance made obsolete by teenager (2018)
Discussion: https://news.ycombinator.com/item?id=44672859
Best I can tell as a non expert is that QC has to assume some underlying "free" sampling operation from wave function collapse (or "branching" if you're a multiverser, though the distinction eludes me) to provide a fundamental speedup. If the waveform just entangles with the detector which is the simplest explanation, then you'll have to run a gradient descent on multiple quantum calculations to find an answer. I suspect that will always turn out to be the same O() as just doing the damn thing classically for a given accuracy.
Lol. I had an acquaintance who bought some beachfront property and then loudly told everyone who would listen that global warming and rising seas were a crisis that "we" had to fix. Enjoy you home in the Baltics. The tribute payment is 30 years late though.
Deflationary spiral is not a thing. The thing Keynesian called a deflationary speak is actually a default spiral. Things getting cheaper at the rate of real growth is not a problem.
XMR trail emissions are meant to fix the miner death spiral. Which very well may be a real thing but we just don't know.
Boldly weighing in on the hottest topics from the year 840!
Devil's advocate... BTC secured, overcollateralized loans are 12-15%. Could it be an "honest" rehypothecation play? Those rates are stupid, driven by legacy liquidity's lack of understanding. CB has enough liquidity to be a bank, this could be the initial volley in a price war that they might just have a chance at winning.
This isn't fair.
https://xcancel.com/parkeralewis/status/1910312274696310870#m
Classic conflation of "reserve currency" & "reserve asset." The problem is that the reserve asset (US federal govt debt) is an interest-bearing instrument. Once you accept that, Triffen's dilemma is unavoidable because future liabilities are not balanced by current assets.
Part of this is because few Americans have ever seen a modern factory, so they are imagining something from Upton Sinclair.
Shocking. Triffin's dilemma can't be solved by tariffs.
All these small studies miss THE critical point - broad govt welfare does very little on average besides raising the price of the things the people receiving it buy. Look no further than the COVID handouts for this. This study just minted some cantillionaires. Scale matters for welfare - it arguably works ok when 1% of society receives it, but above maybe 5-10% it just creates welfare slaves. Which is what the state wants anyway.
You might have it backwards. Maybe none of this is worth using the govt's monopoly on force to collect for. Maybe both sides shooting down the others grift is exactly what we should not hate to see.
Live by the sword...
I say this as someone who works for a very politically exposed govt and defense contractor. Every paycheck is part grift. If you rely on govt guns to collect, you need to be ready to be cut off at any moment at best, or have them pointed at you at worst.
CPI is the "price of the things poor people will riot for" index. It has been determined empirically that you can make poor people at least 2% poorer per year and they won't guillotines you.