skysight-inc/HackerNews huggingface dataset:
It isn’t a ‘poor people are too stupid’ argument. It’s a ‘poor people don’t have the resources to do enough due diligence, go after someone who scams them using a legal team, or diversify enough they won’t be eating dog food or homeless if this goes sideways’. Which is true.

Additionally, if someone is rich enough they are a millionaire or billionaire or whatever and DOES somehow get ripped off enough to be homeless or eating dog food out of necessity, the general public is going to be cheering for whoever did the ripping off in the next Hollywood blockbuster, not calling their congresspeople angry about how that poor grandma is now destitute and the government SHOULD DO SOMETHING.

It’s a combination of having enough resources to plausibly be able to defend themselves and not lose everything, and a lack of public empathy if they screw up and get ripped off.
> how can you possibly make the claim that BTC was diluted vs the market cap of other coins being net new value?

It makes some sense to me. When BTC was smaller in capitalization it was easier to double your money. Now smaller coins attract dollars that otherwise would have pumped up BTC so growth stagnates. BTC was considered the most stable of them all and I now find those claims somewhat dubious, they're all extremely volatile
Yeah, it is standard in Europe for at least the whole last decade.
Yes, they could. You know why they don't? Because the courthouse keeps the records. And we trust the courthouse.

No one is going to do shit for someone walking in with a piece of paper with "I own this house" written on it.

Or, let me clarify, you aren't going to get far, because sooner or later, those papers will be checked against the records kept by the government.
This isn't close to being true at all in my experience.
True but it still makes a single day hit via Coinbase users predictable - which gives them data they'd need to pull different levers including when they use reserve funds they're controlling for buy orders from large institutions; likewise they'll know when the bank run is trending too fast and they'd need to hit the breaks by making Coinbase inaccessible.
It seems amazing that one could take an arbitrary sentence from one language, write it in a different script, and then read that script in a third language and get a coherent sentence.
Actually, the problem right now is the complete lack of Keynesian style fiscal stimulus. China and USA already did their part and they will do more.

I am mostly talking about Europe. The Eurozone basically makes fiscal stimulus impractical even though keeping it alive absolutely requires it.

Every time I hear people talk about Keynesian economics ruining everything I am thinking "no such thing happened". QE fills bank reserves, interest rates drop on their own, banks never lend out money, stock market goes up without any actual investment, there is unemployment caused by the macroeconomic structure of the economy, investors are flooding governments with their money by buying bonds, inflation remains stubbornly low, trump cuts corporate taxes.

The fact that things are reversing in the US is a good sign for the US economy as a whole. Biden is actually doing the fiscal stimulus that the economy was asking for decades. There may be a short term crash in the future but it's only going to get rid of the unproductive part of the economy to make everything ready for more long term growth.

Meanwhile Europe will be stuck forever if the Eurozone doesn't resolve its structural problems.
Lukka and others wanted to bring Ted Nelson's dream into reality using open source (GZigZag). Ted Nelson fucked them over. After giving permission he suddenly started to assert trademark and patent rights.

"It is a sad story. It is an infuriating story." http://lambda-the-ultimate.org/node/233#comment-1715
https://en.wikipedia.org/wiki/Andrew_Lee_(entrepreneur)

"In 2021, Lee took control of freenode, making some staff resign and move to Libera.chat."

https://en.wikipedia.org/wiki/Libera.chat

Freenode's wikipedia entry also has been updated https://en.wikipedia.org/wiki/Freenode

Not sure how I feel about those lightning fast Wikipedia changes.
Haha thanks. Not my pun, I just saw it somewhere on the internet!
I had to apply to get a margin account and options trading with Schwab. It was a pretty minor barrier, but it's enough to know that you're getting into something risky. The issue with Robinhood is that the slickness of the app encourages risky behavior.
Let's say it were. Ooops, key stolen, item transferred, no rollback, etc etc.
> It's not trying to be a PayPal.

Binance already has a credit card service that lets people use their cryptocurrency holdings to buy anything.
> whats possible with Smart contracts on Cardano

nothing? (yet)
Yeah this must be new-ish. I remember searching for this and only finding some plugins that didn't work on Linux.
There's a place somewhere between "making a lot of money" and "being truly wealthy" where a person can become obsessively frugal. Think of it as hoarders, but for money. They don't want to spend a penny more than they have to, because they have a kind of psychological investment in their net worth. Yes, they will spend a lot of money on some thing in order to be able to display their wealth as their class demands, but they'll pinch every penny in other ways. Think of the guy who tries to stiff a contractor, or never tips for service.

So for your generationally wealthy investment bankers, summering at Fishers Island is a necessary conspicuous display of wealth as well a as networking and social process. Eating the office food and using the office pain killers are largely invisible, but to a person obsessed with having money, the costs are accounted for in their personal ledger.

https://www.weforum.org/agenda/2016/10/wealth-can-make-us-se...
whups. i really need to hire an editor, with all that crazy substack money :-)
That depends, doesn't it? Where did I get that BTC? Did I mine it in 2010, or did I buy it last month for $64k?
Effective arbitrage is nothing special, but that the platforms go down and prevent trading is. On reasonable market people should be allowed to make money with price going either direction.
I suspect Satoshi lacks the intent to be a villian here.

The creator of the Keurig, a device which produces amazing amounts of waste, talked about the unintended consequences of his invention and how ashamed he is for the damage his invention has done.

https://time.com/3731356/keurig-coffee-k-cup/
So much nocoiner butthurt in here lmao. Yes, it's down 50%, yet I'm still a multi-millionaire thanks to holding, from a small mining stint a couple years back, $0 invested directly aside from mining machines (GPUs I would have bought anyways for gaming).

With how it's progressed, I never have to sell. My employment income is zero, and I can't get any mortgages cuz of this... no problem, I can literally use crypto to sythnetically underwrite my own mortgages.
I encountered the "a/s/l" question on numerous Undernet channels when I started using irc.

We would joke about it in programming channels, but people really did use it in non-programming channels.
So why doesn't the state just make a database then?
I tried showing my students how to use Regex and explained how I use it quite often to edit large amounts of repetitive texts, and the look of confusion that over time, switched to fascination in a few kids was just so satisfying.

I love sharing resources such as these with them.

Thank you for sharing.
All brokerages do this. RH started charging $0 + (selling order flow) while everyone was charging $5-10 + (selling order flow).

For smaller trades that's charging 99+% less than their competitors at the time..
I think this highlights the difference between practice and good practice. You won't get better at something by merely doing it over and over again. You have to practice something difficult or foundational to the skill with intention, using techniques that are designed to help you improve your skills.

For example, if you're trying to get better at playing drums, playing the same beat poorly for an hour probably won't do much. A technique like starting to play at a slow tempo and gradually speeding up, cleaning up the mistakes as you go, is a technique that can help you practice more effectively.

The same is true for programming. Implementing a simple TODO app, while a good intro problem to solve for beginners, is probably not going to make most programmers better or more knowledgable at programming.
By that definition any stock that doesn't pay a dividend is a pyramid scheme. Of course, if you believe it has no value whatsoever, then anything can be seen as a pyramid scheme.
Once I had to solve a memory problem because someone assigned what should have been a byte array to a list of byte. Nice enough programmer for high level concepts but needed the fundamentals. I think a good skills assessment is needed and then you patch the missing knowledge. A smart resource who can learn and is nice to work with is still a good hire.
Create medieval memes and discover the Middle Ages
The security aspects of it are vastly underestimated IMO.
Worth considering in many places (especially due to the additional hassle of having a car in some cities) but not viable in others, at least without considerable hardship.
Read the pdf front to back and get back to me.
>That said there is certainly something that's personally appealing about an asset that's guaranteed to maintain the supply side of the equilibrium.

It's appealing because it keeps politicians honest, but if you have honest politicians it is just a thought experiment.
I think the chance of detecting another civilization right now is rather slim. Maybe in a couple thousand years.

I'll try to explain my reasoning. First, a few assumptions:

- Life and intelligence are physical processes. Given the starting conditions of the universe, they'll eventually pop up somewhere.

- Where it pops up, is random and relatively uniformly distributed in space (as for the density, I don't know)

- Humans are an average civilization

- For most civilizations it takes about the same time than us from the start of the universe to reach our current level of advancement (given that we presume that we're average).

Under these assumptions, we have been detectable for roughly the last 100 years. So we can assume, that it's about the same for an average civilization out there.

Even if they're plentiful, it's unlikely that the signals from the close ones would have reached us yet. So everything looks dark.

It wouldn't surprise me if in a few thousand years, the sky starts lighting up with signals from other worlds, as the signals from the ones that are reaching detectability start getting to us.
Yeah so like you've just rediscovered proof of work. If a bunch of people clone it, who can say which repo is the real repo? Well you burn a bunch of electricity in a provable way to vote for a repo. The repo with the most burned electricity is the real repo.
What a bizarre opinion to have on an IT website. “Software is worthless, it’s just expended energy, you can’t use it for anything, whereas I can melt down gold and make earrings with it”
If you want to stay in the technology sector...

* Technical Trainer (usually requires travel)

* Sales Engineer

* Project/Product Manager

These would assume you're reasonably good at public speaking and/or have solid interpersonal skills.

I've been in IT for 15 years and recently started learning to repair and shine leather shoes, as in my city there are only 2 places that do this and they don't speak English (Europe), so they're missing out on the expat population. I'm not sure if this will be my long-term plan, but I'm making money on the side and it's something I don't need a storefront for. Hoping to retire from full-time IT in another 5 years or so, so maybe this will be one of the ways I generate income.
It's definitely not a novel idea, but given that newer social networks are coming up every day, there ofcourse enough takers for it. However, the part that I find worth questioning is, how much of the revenue is really recurring revenue. Why'd someone subscribe for more than a few months on such a service.
What's the opposite of "to the moon"?
The decentralisation aspect is a lie, like equality under communism was a lie. See https://gauravsharma.com/2021/02/04/bitcoin-is-a-scam/
Or someone picked it up to buy it, thought against it, and dropped it off in the wrong place.
High power batteries aren't like high power engines. They're built on the same production lines. High power engines prioritize power over cost; high power batteries just prioritize it over capacity.

It's not challenging to make a cheap, small battery that can provide 200 kW. It just happens that it hasn't been prioritized.

A provable example: 1,826 Sony VTC4 18650 cells will push 200 kW continuously. That's only 14 kWh of storage and weighs <100 kg. It's a 28.5"/72 cm square 3"/7.5 cm thick. I could personally build that battery for <10k USD. A full scale automaker should be able to do it for half that.

That would almost triple (136 -> 336) the Mirai's power and put it (2050 kg @curb) in spitting distance of the 550i (390 kW, 2020 kg @curb). The BMW's MSRP starts 27k USD higher.

Of course you would need to change the suspension and geometry completely, make the interior far nicer, and add even more power to be able to actually compete with the 550i, but the point stands. A small, powerful battery is cheap and easy to add to a FCV.
>Think of this scenario. The French government has a top notch security protocol in place to secure the private key to the ownership of the Mona Lisa. But we have a change of government and some high ranking government official gets corrupted. They have access to the keys and he uses them to transfer the Mona Lisa to one of his rich buddies Joe Shmoe.

A "top notch security protocol" would require more than one official to sign off on the transfer precisely because this particular attack is so easily anticipated.

A blockchain for asserting ownership of the mona lisa would be largely ceremonial anyway - a bit like the land title deeds for the French Parliament. That doesn't mean that, like the deeds, it won't some day exist, but it will, like the deeds, not really mean anything. The "true owner" will forever be whomever has a monopoly on violence in France.

His assertion that a database is just as good for recording ownership, I think, misunderstands what blockchain is good at - distributing trust (everybody runs the database), rather than centralizing it (one party runs the database).

This isn't a theoretical concern, either.

I see the blockchain as a tool to prevent the MERS debacle, where a group of banks decided to come together and tried to make their privately run centralized database of mortgage titles into, quite literally, law (if you're in our database, we can foreclose on your house): https://www.nakedcapitalism.com/2012/01/mers-the-law-and-the...

This gambit worked in a lower court but, IIRC failed in the supreme court, but it created an almighty paperwork headache.
Exactly.

This makes me think of a funnel. Into the top, you pour all of the people interested in maybe using a blockchain. A lot of sober evaluators of technology exit the funnel for the same reason: blockchains don't provide much advantage for most real-world projects.

That means further down the funnel you end up with a lot of people who for whatever reason miss or ignore that. I remember a meeting with a would-be entrepreneur whose product was "reporting sexual harassment in the the workplace but with blockchain". When I asked what "blockchain" brought to the project, they said it brought security. When I asked how users would see that, the answer was basically that users would just have to take the company's word for it. I explained that if that was the case, they didn't have an advantage over competitors. The entrepreneur did not like that one bit, and that was basically the end of the meeting.
n
I'm not discussing trading here, in which case you would be absolutely right. Trading using a log chart would be absurd.

I'm talking about long term positions. Cost averaging over time means you are immune to such a massive swing.
How do you expect me to accept a privacy policy of your website if two parties are not identified? Every legal(-looking) document begins by identifying the parties (not necessarily names, though a quick lookup on https://www.allabolag.se will get you the names of the directors). Also, https://gdpr-info.eu/art-37-gdpr/, p. 7 requires DPO to be identified.
Simple. Gold is an asset that is not used as currency but provides the holder with certain desired benefits and the asset can be liquidated if needed. Crypto is similar in that it prodives a financial vehicle that posesses certain properties. Im not saying they should all be thought of as digital gold but that lile gold, they provide value not only in thier price tag but in some inherent property that provides value to the user (this property varies wildly from crypto to crypto and is what makes each project distinct and unique.
The usual name clash rant. Why kitty? KiTTY is a fork of PuTTY and has been around since at least ~2007 or so
Losing the wallet is like burning up all the paper cash. They are gone. What can the court do? It's like Mona Lisa got burnt up. What can blockchain help in that case? Or what can the court do in that case?

Blockchain is not the end all to all problems.
What's with the personal attack?
A global, decentralized MLM-Ponzi scheme in an irrational market could last decades - especially with the manipulation of the market and regulatory capture efforts.

Edit to add: It's part of the cycle of educating society, it'll be painful and costly to those who were left holding the bag - a mob of potentially 100s of millions of people financial aligned hoping they can get more of society convinced of their ideology of Bitcoin's supposed exclusive value.
Hackles [1], is that you?

1: http://www.hackles.org/
So the court can decide to transfer any assets at will, without the consent of anyone else on the blockchain?
Fidelity gave me an EXAM on options concepts before allowing me to trade them. I made one trade, then realized it’s a casino where the sharks take money from the fish. I reasoned that options trading is a full time job to be successful.
I believe the biggest differentiators are inherited from the fact that many countries who aim for rehabilitation first are also countries with free access to the kind of help many people incarcerated might need: free access to a psychiatrist or doctor, anger management therapy, educational help, etc. So not only are most of the money already earmarked for this but the extra it does costs to offer the help to inmates that aren't allowed to leave the prison to access these services are likely less than the cost of a punishment-first system. The lower recidivism rate added with the fact that these systems also rarely label people as former inmates, which often would block access to well-paid jobs that pay more taxes, must be a lot cheaper but... I can't be arsed to look it up.

As an example from around here (Denmark) if someone want to hire a person they do not by default know that this is a former inmate and they will only have access to this information if the job somehow is related to the crime committed in the past. You could ask the job applicant to bring a form from the police but if the sentence is unrelated to the job (or a set amount of years have gone past if it is a lesser crime) the form will be completely blank. Only related crimes will be shown.

All in all I believe that such a system is also punishment (few like to be locked up) but this rehalibation-first-system will punish everyone else less in the long run.
https://codekeeper.co/
Unfairly compensated labor.
No my point is that eventually the energy burn per transaction in crypto will likely be near zero.
I think what you say is true, but I think the public reaction also reflects the disingenuity of Robinhood presenting itself as "democratizing finance," when in reality it seems like they are ambivalent about whether their users are investors or gamblers.

As other poster has noted, I think you have to apply on Schwab to trade options. I've never done that.
> How is blockchain superior than me just creating a git repository on GitHub called "allmoney" and just setting it up such that a commit represents a transaction and the log represents the ledger?

Blockchains are designed in such a way that each new block contains information from the previous block. Changing a single transaction in the past on a blockchain requires doing all the work to make each subsequent block conform to the rules, something which is designed to be prohibitively expensive to do by generating unlikely random hashes with special properties. Even if someone decided to do this anyway, the protocol says that in the case of competing chains, go with the chain that has the most work put into it. So it's just not feasible for someone to rewrite history in a healthy chain with many nodes validating/mining blocks; they just can't catch up, and nobody will trust their chain.

Git commits are designed around the idea that they can be rearranged relatively freely, and rearrangements are cheap, so there's no good criteria for trusting the git history that has the most work done with it.
Sure. If the state can speed billions mining the bitcoins.
One way to reason about why it doesn’t matter: insolvency is not the key part of the financial survival constraint, liquidity is. You could think of tether as just “leveraged” against its underlying USD holdings. It’s only problematic if there is a run on tether, so to speak, where it does not have enough liquidity of USD reserves to satisfy redemptions. (There’s some kind of a limit on redemption though, right?)

The same is true for other types of money - a bank does not hold reserves (assets) against all of its deposits (liabilities), but that does not prevent it from operating, or from bank customers understanding bank deposits as “real money”.

To be clear, I’m not very informed about tether, and as a lay person I do find it to be a shocking situation that probably makes sense to label as fraud. I’m just trying to offer some explanation.
> Yeah so like you've just rediscovered proof of work. If a bunch of people clone it, who can say which repo is the real repo? Well you burn a bunch of electricity in a provable way to vote for a repo. The repo with the most burned electricity is the real repo.

what? no, the original repo is the real repo. my point is, is that the transparency makes it impossible for you to not trust me/GitHub.

why wouldn't you trust? you can see nothing was altered yourself - and if it is altered, the issue isn't trust anymore, I've simply committed fraud and you can use the existing legal system to punish me.

this is the same reason you would trust open source software installed on your machine, said machine that presumably has access to your environment/browser/etc which could contain a virus to take your existing fiat money today.
2021 Ampere Strategy and Roadmap Update
"Emit the escape sequence CSI < u at application exit or just before leaving alternate screen mode to restore the previously used keyboard mode."

What happens if the application crashes without emitting this? The user is dropped in to the shell and the terminal and shell might misbehave together?
Clicking through to everyone's profile is only occasionally useful and an impractical suggestion.
>As wealth gaps widen, as inflation rises, as our debt grows,

I will take this opportunity to throw this link up: https://fredblog.stlouisfed.org/2018/11/how-expensive-is-it-...
BTC was was 10k last fall. It grew 6x till a month ago. That is 6x. Now after the drop it's still 4x from that 10k figure. I didn't claim it doubled in a week, other coins with a smaller cap did and not one or two, a whole lot of them. Lots of people made fortunes of this hype. Sure, a lot of people also lost a lot and that makes volatile markets very dangerous if you don't know what you're doing.
That was a fun year.