> for the sake of argument, is there any way to introduce monetary policy into crypto currency so as to correct for unwanted inflation/deflation
yeah and you don't even need to change bitcoin - just use a stablecoin over-collateralized by BTC built on the bticoin network. In essence these systems work with $1 of the stablecoin backed by $N dollars (N > 1.6) of the the backing asset (BTC). Then they use a smart contract system of price oracles, liquidations & interest rate curves to balance supply, demand and risk parameters. It's pretty much an over-collateralized lending protocol that issues its own asset that is pegged to $1
This has worked well for the past 11 years with MakerDAO on Ethereum and it's stablecoin DAI. I think at its peak the DAI stablecoin had around $7 billion in circulation and was about 5-10% the size of USDT, now it's about half that. However, high treasury interest rates and low interest in decentralized stablecoins have made more "traditional" stablecoins like USDT, USDC vastly more profitable and successful. In recent times even DAI has been trying to become more like USDC and USDT with treasuries held in intermediaries
now it's way easier to track public blockchain transaction chains on Bitcoin, Ethereum and the like than it is to track bank transfers across countries
I asked deepseek-14b for a joke in the style of Norm Mcdonald, and it delivered an overexplained deadpan absurd joke that I thought was pretty similar to Norms style. Then I tried again with different styles and realized that all jokes it tries to make are in that same style as if it tries to follow a manual on how to construct a joke without actually being funny. Which is pretty funny
Kind of insane how a severely limited company founded 1 year ago competes with the infinite budget of Open AI
Their parent hedge fund company isn't huge either, just 160 employees and $7b AUM according to Wikipedia. If that was a US hedge fund it would be the #180 largest in terms of AUM, so not small but nothing crazy either
This is precisely what I was talking about when I said that reddit turns all communities into echo chambers.
If you assume that all opposing opinions come from flat-earthers and idiots that couldn't possibly be right about anything you will never even think about changing your opinion on anything. You'll continue to chat with other reddit yes-men and pat yourselves on the back about how you're all so right.
The upvote / downvote self-censorship system simply does not work for any serious discussions. It might be ok for sorting the snarkiest comment under an article but that's about it
same, people keep complaining that their twitter feeds are full of violence, porn & political bullshit but I get 0 of that
I haven't gone out of my way to restrict my timeline either, I follow ~1000 accounts I just don't follow or interact with accounts that post any of that crap.
There's a lot of interesting discussions on r/science but like the rest of reddit it's such an echo chamber that you end up with bizarre one-sided arguments that discourage all opposing views.
yeah and you don't even need to change bitcoin - just use a stablecoin over-collateralized by BTC built on the bticoin network. In essence these systems work with $1 of the stablecoin backed by $N dollars (N > 1.6) of the the backing asset (BTC). Then they use a smart contract system of price oracles, liquidations & interest rate curves to balance supply, demand and risk parameters. It's pretty much an over-collateralized lending protocol that issues its own asset that is pegged to $1
This has worked well for the past 11 years with MakerDAO on Ethereum and it's stablecoin DAI. I think at its peak the DAI stablecoin had around $7 billion in circulation and was about 5-10% the size of USDT, now it's about half that. However, high treasury interest rates and low interest in decentralized stablecoins have made more "traditional" stablecoins like USDT, USDC vastly more profitable and successful. In recent times even DAI has been trying to become more like USDC and USDT with treasuries held in intermediaries