HN user
we've all mostly been liberated from back breaking agricultural farm work in developed countries, no? At least in countries that have automated. Don't think you can say the same for countries without automation. We've reaped tremendous benefits that are just totally lost / taken for granted by the luddites.
I think the compensation comes in the form of lower prices, greater availability of the products, a higher standard of living and newly gained freedom for the worker. They can do something else now. The compensation maybe isn't as explicit or obvious as receiving an "automation dividend" check every month. That's what securities are for!
Probably helps maintain dollar hedgemony by allowing a wider swath of the global population (criminals, poor people) to use the system unencumbered.
Aren't they using RLHF? The feedback from humans might not always be the ~right~ feedback. Couldn't that possibly degrade the quality of its responses?
There's no promises of future gains or profits made explicitly by the protocol, nor is there any central party pushing/benefiting from its adoption. There are plenty of other crypto coins you could accurately label as Ponzis. It's unfortunate that bad actors have tarnished the Bitcoin name...
Social media is just the medium for which doom/despair is transmitted. Removing social media might slow down the transmission speed, but folks will eventually arrive to the same conclusions mentioned in OPs comment.
Anecdotally I've had more recruiters reach out to me for potential jobs when I have the Open to work badge. Why not have it on all the time even if you are currently employed, especially if you are well performing. Would that not be an incentive for your current employer to boost pay/bonus to retain?
It's a hedge against currency debasement. And it hedged pretty well against that! From the moment M2 supply increased (Feb 2020) to the moment M2 began decreasing(jan 2022), bitcoin earned you almost 400%.
The claim is higher interest rates cause things to collapse.
US interest rate go up, bitcoin go down!
Argentina interest rate go up, bitcoin go up!
Contradiction.
What you pointed out tho is important: fiat is a confidence game at the end of the day, and it doesn't matter how much yield a fiat offers if it lacks confidence.
Bitcoin is more or less a measure of how much confidence people have in their respective fiat currencies.
Interest rates in Argentina have been on an upward trend for the last decade [1], yet bitcoin is near its all time high relative to the Peso [2]. How do you explain the contradiction here?
"Nothing to see here! Move along!"
The problem here is a fundamental flaw in the design of bonds.. They're non fungible by design. Why not make their yields fixed to the current fed funds rate regardless of when they were issued? That would eliminate market dislocations like what was experienced by SVB where their 1% yeilding bonds lost tremendous value.
Looked at the incredients in some walmart Great Value brand hot chocolate... found silicone dioxide listed as ingredient for anti-caking. Really?? Sand?? Basically getting scammed. Wouldn't be surprised to see saw dust as an ingredient from Dollar Tree coco.
I just watched a relevant interview between Dwarkesh Patel and Marc Andreessen[1] where they discussed James Burnham's ideas on how a manager class inevitably arises once a corporation reaches scale in order to maintain the machine. Unfortunately innovation and building suffers once the managerial class takes over. The culling of managers indicates Zuck maybe isn't quite ready to abdicate and there is more growth/innovation ahead?
Or Monero.
Probably because all of the French reactors are over 20 years old and the last operational reactor they built was in 2000.. how is France going to replace the carbon free energy they get from their aging reactors? Average life span of reactors are between 20-40 years. Intuition tells me wind and solar ain't gonna cut it.
I've been getting about 80 mb/s. Still outperforms the only available alternative in my area by 500x.
The ol' wrench attach
Yup pretty sure this is the simplest answer here. Lots of people just BS on the fly if they're expected to have an immediate answer, but it would do better to keep meetings short if people honestly said IDK
Disgusting. Everyone trusted him because he and his family are basically washington insiders. He used that trust to scam millions of people. Just goes to show if you become buddy buddy and make contributions to congress you can get away with anything...
"I know who I'd rather trust my money with: SBF, hands down."
This quote is complety antithetical to everything crypto is actually trying to achieve; which is a trustless financial system, a system that would be void of these sorts of melt downs.
Don't trust; verify.
How is California planning to cleanly support the extra electricity load from EVs since they've planned to decomission all their nuclear power plants? The base load is going to be generated with coal and nat gas now. Most people will likely be charging their EVs at night so they'll be charging their cars from coal or gas rather than carbon free nuclear.
"Now nuclear costs 3-5x more compared to renewables and is simply not relevant."
We're seeing the hidden cost of renewable energy now, aren't we? Cheap because it's supplemented with natural gas to provide base load. If the politicians actually cared about the climate, they would be adamant about supplementing with nuclear, which is far far more energy dense.
Asteroid mining seems like it would become a necessary endeavor once uranium becomes too expensive to extract on earth. I'd bet big that humanity can figure out profitable asteroid mining within the next 100 years!
The natural disaster was responsible for killing people, not the nuclear meltdown... maybe if we had been consistently building nuclear since the 60s we wouldn't be in this global warming catastrophe? Obviously speculation, but I'm curious what our global CO2 levels would be if all the major industrialized nations transitioned to 100% nuclear Over the last 60 years. Anyone happen to have some charts?
Nice! Get yourselves added to the bitcoin balance sheet list: https://www.buybitcoinworldwide.com/treasuries/
How is this any more newsworthy than netflix investors getting wiped out?
Stills begs the question... why would we see inflation when all of those trends are deflationary? Can't possibly be because the fed is printing money out of thin air..
A risk to someone else is an opportunity for others. Risk is very subjective here