why? asset holders in this country have a free fed put, wage earners get smashed in the face. you can make a solid case this institution is more harmful and free banking is much better for wealth equality.
HN user
cconroy
just an ape from Earth
This is definitely true but btc buys you more of almost anything else too (btc/X): X is one of s&p500, housing, gold, etc. except maybe $nvda or $tsla. For example the btc chart in dollars looks the same as in gold.
It is b/c he says so! Since they dont value it -- it must be stupid or wasteful!
"Inflation is caused when the money supply in an economy grows at faster rate than the economy’s ability to produce goods and services."
I would rather have (monetary) deflation when then economy grows. Then the money I save in would increase in purchasing power. If I save in the money described in the quote above, I don't participate in the growth.
Just to be clear, do you believe there is a connection between money printing and decreased purchasing power?
C is an abstraction over assembly. It is also minimal compared to prolog.
satoshi's use of cash probably referred to the concept of final settlement.
Probably alternating cold/hot temperatures. Probably best to sit in a dry sauna and jump into a cold (very) shower. Nothing beats it. You should come out feeling refreshed, if not sligthly euphoric.
Possibly the coolest data structure to visualize was invented to visualize complex data: zig-zag from the great Ted Nelson.
Humans, on time scale of 100s of thousands of years. You wouldn't expect Earth to be too dissimilar from today, if not for fossil fuel consumption.
Is it known what are, perhaps narrow, the climate conditions for humans? Humans evolved during the Pliocene which was 2-3 degrees warmer than today.
My gut feeling is not good, especially on geologic time, of which most spans humans would most certainly not survive. It feels like we are tossing 100s of thousands of years of stable climate and pushing Earth to points in its history were fauna/flora were very different from today.
oh man; they should of selected 42 or 1337 study subjects!
he is conflating things with value and a good unit to measure said value -- which is itself very valuable.
bitcoin in its finite, pre-determined supply and halvings every ~4yrs (formed through consensus) while going through s-curve adoption brings forth its unique number go up technology that has economist around the globe stumped
I just looked at coinbase's about page they have 35MM users now. Bitcoin is going through s-curve adoption like the internet. Fools on here look for conspiracy theories because they ignore demand increasing, for whatever reason.
Yeah.
ML syntax is very pleasant, and roughly, sexprs w/o all the punctuation noise.
I don't believe it has a macro capability like lisps though, but you gain a sophisticated type helper.
Definitely worth looking into!
"statically, strongly typed Lisp that still doesn't sacrifice its flexibility and expressive power"
SML
how about counterfeiting the taxpayer's money?
Look into Cantillion Effect
"...recipients of new money enjoy higher standards of living at the expense of later recipients..."[0]
[0] https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_the...
These policies exacerbate inequality. In fact, I think economic inequality wouldn't be an big issue without this crap.
I am sure these best genes will "trickle down".
What is their position on nuclear? I don't see anywhere were there's a plan to replace Oil + Gas + Coal (renewables atm will not come close!).
James Hansen has the carbon dividend / tax.[0] This is the only thing that will work imo.
Pink plane reasoning like this makes you dismiss bitcoin as not scalable. The blue idea is to scale off chain with smart contracts whether centralized or not.
Compare cos fighting this to those not like cash app which are building on top of bitcoin.
Does anyone know of the implications of a year-round ice-free artic? Is the artic salvageable at this point? It seems evident that soon the artic will have a short period of being ice-free, kickstarting an inexorable process with yet longer periods of being ice-free.
It is safe to assume at this point climate change is like an asteroid on a trajectory of near term collision with Earth. I'd rather be wrong and alive then right and extinct on this one. But thats me.
s/Bitcoin/Central Banking/g
this proof is sound (for this simple structure) but does it imply you can never have all three (CAP) in some scheme where you can draw from many nodes and edges (not infinite) to handle partition failure while always being available and consistent? Perhaps a proof that you need to draw from infinite nodes and edges to achieve CAP would be interesting.
disclaimer: i am not well educated on the literature in Distributed systems :(
You're right when I used the word I was referring to "Audit the Fed" slogan à la Bernie Sanders & Ron Paul. The bill in question that was striked down is here [0].
The bill's purpose
...If enacted, the bill would also have ensured that the
audit results would be available to Congress. The audit
would include the Fed's "discount window", its funding
facilities, its open market operations, and its agreements with foreign bankers. [1]
[0] https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_A...
[1] https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_A...
@JumpCrisscross how independent are they really? The fact that they will not entertain a thorough audit is in itself instructive. Perhaps central banking is too "centralized" and susceptible to corruption even in a well-run system like the Fed (the fact that the dollar is the reserve currency and they fight inflation ruthlessly too the detriment of employment). Perhaps a p2p software system could help ;)
I also think prolog has the most advanced sense of this concept with equalities and unification operators.
Alan Kay had a good answer on quora for this.
Let me confess that I’ve not read every answer. But the ones that I did read were all very concerned with “squaring” etc.
The simplest answer — and I think the reason many people have difficulty with both arithmetic and especially algebra — is that you need to deeply internalize just what the “=” sign symbolizes and asserts: that there is the very same number on each side.
In other words don’t be distracted by the symbols and operations. One way to think about this is that “a number is all the ways you can make it” (i.e. it can be thought of as “processes” (an infinite number of them) as well as a “value”).
This means whatever you can do to any number can be done on both sides of the “=” because there is just the same number underneath the gobblydegook on both sides.
This is what “=” actually means. And it’s why algebra is actually quite easy rather than mysterious or difficult. [0]