There are numerous public lists of wealthy individuals. Nobody gets upset about them.
But every time a BTC-holder is identified, somebody claims that the person might be killed. One more fun side-effect of anonymous, irreversible transactions.
HN is a site where some users say things like "tech feminists never seem interested in taking the high road, and instead optimize for maximum drama", while unironically claiming that they are reserving judgment.
HN is a safe-haven for sexism and bigotry.
It's great that samaltman claims that he wants to undo some of the damage that pg enabled, encouraged, and actively allowed. However, I'll believe it when I see it.
p.s. User johnbm made the comment I quoted, along with some other pretty great comments. And he got upvoted for it, because that's the sort of community pg built. samaltman has a huge job ahead of him if he wants HN to stop being sexist.
You're so blinded by bigotry that you don't realize that you insulted, quite literally, all tech feminists.
I know I'll get banned for pointing this out on this forum, but you're a bigot. And like most such bigots, your head is so far up your own ass, you can't even see what you're doing.
Thanks pg. We're all worse because johnbm and others like him have a platform for their proud sexism here at HN.
And it's worth remembering that banks aren't the only institutions that make loans. There are a lot of businesses that extend credit (post-paid services, invoicing with net 60 terms, etc), which has the same exact macroeconomic effect.
No. They did not become a fractional reserve, they became insolvent. A large portion of the BTC community grossly abuse the term 'fractional reserve', and it's flatly wrong.
Fractional reserves refer to liqudity, not solvency. If I run a financial institution and I owe depositors $100, but have $10 cash and am owed $100 on top of that, I'm running a fractional reserve.
If on the other hand, I'm MtGox, and I owe depositors $100, but have $10 of cash and am owed nothing on top of that, I'm insolvent. Bankrupt. And if I keep operating, I am a fraud.
HN is a safe place for bigots, and it always will be. The management doesn't care enough to fix it, and it's a vicious circle with the users.