zmaurelius

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قبل 4 سنواتdiscuss

Before Bitcoin, there did not even exist the possibility of programmable money because no unit of account could ever be guaranteed to actually exist since there was no way to verify said existence. After Bitcoin, we now have a fundamental change where programmable money is now a possibility. So what if we have not found all the possible use cases of programmable money? That's going to be a work in progress for a long long time. You can assert that programmable money doesn't have any real use and you are welcome to have that opinion. Personally I think programmable money will have many uses and will allow for the creation of a more robust and more efficient financial system.

قبل 4 سنواتdiscuss

If that's the lowest fee you can find, you are probably sending some money to a few Nigerian princes on the side and investing in SBF's next venture.

قبل 4 سنواتdiscuss

It looked like Gensler was trying to secure a monopoly for FTX in the US, so making sure Coinbase didn't have a competing product was a cornerstone of that game plan.

قبل 4 سنواتdiscuss

As a society, we are quite good at keeping people alive for a long time but not so good at addressing chronic illness. With the massive increase in autoimmune disease, obesity and other chronic illnesses, I would contend that overall we are less healthy on average than just a few decades ago and this trend will continue indefinitely until massive changes occur in the medical and food industries.

قبل 4 سنواتdiscuss

I believe only Coinbase publishes total liabilities at the moment. In my opinion, Coinbase is the gold standard due to being a publicly traded company and Kraken carries more risk.

قبل 4 سنواتdiscuss

It is kind of strange how unsophisticated the hack ended up being. I feel like SBF would have pulled off something with a bit more finesse.

قبل 4 سنواتdiscuss

Kraken regularly publishes proof of reserves. I don't recommend keeping funds on exchanges as a rule, but I don't feel stressed out leaving a percentage of my holdings there for an extended duration.

قبل 4 سنواتdiscuss

That's the thing with decentralization, since anyone can participate you will always get a bunch of gamblers because most people are not in it for ideology but rather to make a buck. That's just human nature. Is it possible to create incentives to keep the gamblers way? I haven't come across any great ideas so far.

قبل 4 سنواتdiscuss

Organ meats such as beef liver provide a significant amount of B12. If you are just eating muscle meat, then you will have to eat a lot.

قبل 4 سنواتdiscuss

High dividend stocks have been a good bet and hedge in previous downturns. Individual stocks will have high variance, but a basket of high dividend stocks would be worth looking into.

قبل 4 سنواتdiscuss

I don't think fair distribution of cryptocurrency in the bootstrap phase is a solved problem. We got a long way to go if we are to come up with a fair system. Satoshi went with the best that he could come up with which is a no premine solution.

A slightly better solution would be a no premine coin with a global announcement for 5 years before the mining begins so everybody gets a fair shot at participation. I am sure we can develop even more fair forms of distribution with sufficient research.

قبل 4 سنواتdiscuss

It also enabled about $60+ million dollars to be donated to Ukraine and that's just one data point. Whether these other problems are a small price to pay will depend on who you are talking to. To the Ukrainians that benefited from these donations and to those that have food, weapons and shelter from these donations, it is most likely a small price to pay.

Perhaps a portion of these donations could have come from other sources if cryptocurrencies did not exist, but there isn't really a good way to quantify that, so I won't go into that discussion.

قبل 4 سنواتdiscuss

Bitcoin only solves the problem of manipulation of the underlying money supply. It does not solve the problem of fraud and scams. Maybe one day we can also solve that problem with exchanges existing only as smart contracts, but with exchanges that are not completely transparent you always run into the risk of getting defrauded because you don't really know what's going on under the hood.

قبل 4 سنواتdiscuss

I think people are too hyper focused on the price aspect of cryptocurrencies. The experiment that is Bitcoin shows that people do not need to rely on a monetary system where a cabal of rich and powerful individuals can arbitrarily modify the money supply without any regard to all the participants in that monetary system.

The genie is already out of the bottle and there is no way to put it back. There will always be those especially in the younger generations that want something better than the current system. Bitcoin shows that you can have a completely transparent monetary system based on code that is available to be audited by anyone. Bitcoin may or may not survive, but the idea behind it will.

قبل 4 سنواتdiscuss

At the end of day, this entire fiasco really drives home the point if its not your keys its not your coins. Shady exchanges/banks can always collapse and take your entire portfolio with it, but if you have a securely backed up wallet, then your coins will be untouchable no matter what kind of shady shenanigans goes down in the wider cryptocurrency landscape.

قبل 4 سنواتdiscuss

https://en.wikipedia.org/wiki/United_States_involvement_in_r...

I think it would be naive to think similar programs are not being enacted in the present day.

قبل 4 سنواتdiscuss

They could, but then the IRS would have contend with an army of lawyers to claw their money back. In this case, going after a small time criminal with no connections is an easy win, so it makes sense from a resource allocation perspective for them focus on cases like this instead.

قبل 4 سنواتdiscuss

Holding a large amount of cryptocurrency without multiple backups spread around various geographical locations is foolish. So ultimately to store cryptocurrency securely, its never actually easy when you get down to the nuts and bolts of it.

قبل 4 سنواتdiscuss

Unfortunately, fake products have infiltrated just about every product segment. Even though there are relatively fewer fake products in some categories, the overall percentage of fake products is uncomfortably high and only getting higher over time it feels like.

قبل 4 سنواتdiscuss

It also depends heavily on what exactly you are buying. If you are buying health supplements, expect way more than 30% fake reviews and expect a lot of products to be fake themselves. On the other hand, if you are buying something like a rice cooker, you won't run into many fake products and the number of fake reviews will be closer to 30%.

For that reason, I avoid buying supplements on Amazon unless it comes from a few brands that only use one trusted seller to push their stuff.