TapWaterBandit

6 ms·

1.
by TapWaterBandit 2y ago
This is too real haha. I do this exact thing. > But now I’m sitting on this cash, and like Matthew McConaughey says in wolf of Wall Street , they’re fucking addicted Only point of contention is that when you have a currency experiencing
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by TapWaterBandit 2y ago
Dream on, dude. Look into how the sanctions against Russia are going, not very well. https://www.thetimes.com/article/66dfc09e-c94a-4846-a4e2-60d... I swear some Americans seem to think the world they live in is from 1
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by TapWaterBandit 2y ago
> Given a choice between an embargo by the US or embargo by the rest of the world, cuba and every country in the world would choose 'the rest of the world'. No way is this true. Look at this list of countries by biggest trade p
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by TapWaterBandit 2y ago
And this has been a major problem for them since then. Look up the "Triffin Dilemma". If a nation's currency is the reserve currency it pretty much must run a trade deficit and one of the major impacts will be loss of manufac
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by TapWaterBandit 2y ago
I think "follow the money" is the correct call but not like this. I think having the reserve currency be the USD means there is more demand for the currency than is needed to trade with the USA (because USD is used for all sorts o
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by TapWaterBandit 2y ago
My base case is still that the USD being the reserve currency is the problem. There will persistently by more demand for USD than is justified by the need to purchase American exports, so the currency is artificially high. This makes their
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by TapWaterBandit 2y ago
Not really, way more kids are getting caught in the crypto scams than are making money doing them.
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by TapWaterBandit 3y ago
At this point crypto clearly isn't a bubble. And why would it be? Cryptographically secured money has some advantages over fiat money. This doesn't mean fiat will disappear and all crypto will succeed. But most fiat currencies hav
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by TapWaterBandit 3y ago
Yep. And, of course, let's not discuss: - tourism + air travel - increasingly large cars far bigger than required from a utilitarian perspective - luxury good production - theme parks/fireworks displays - cruise ships Etc. Bitcoin
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by TapWaterBandit 3y ago
Legally, probably. I don't know the laws around environmental protection in that area so there may still have been a violation but it appears he was convicted here for violation of property rights as this is public land. But this whole
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by TapWaterBandit 3y ago
Interesting observation about McDonald's. I work as a doordasher and have never once spoken to or interacted with anyone who works at the company.Well that's not quite true, I had an order with issues once that went to a CS rep in
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by TapWaterBandit 3y ago
I don't think that is the point he is making. More that lawyers will hoard contracts but there will be financial incentives to defect early (the idea being to sell your contracts while the price is high). Then that lawyer's contra
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by TapWaterBandit 3y ago
Lol yep, thought the same thing. HN landed hard on the "sucks to be you" side of things with Musk, curious to see where this ends up.
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by TapWaterBandit 3y ago
Welding is incredibly important in modern construction. All steel-framed buildings are held together by welding pretty much. Not surprisingly it is quite highly paid (at least in my country).
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by TapWaterBandit 3y ago
The full quote is: > Last Friday, Japan’s Ministry of Health, Labor and Welfare released the results of an annual study of the number of homeless people *in the country’s parks and riverside areas.* So this isn't the full count of h
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by TapWaterBandit 3y ago
I don't think it does need an update, it came across quite clearly in the article that you were pretty happy with life in general but felt that selling the company took away a sense of purpose/identity that you hadn't expecte
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by TapWaterBandit 3y ago
This is a bizarre framing to support the argument people don't like faster delivery of goods. But in the spirit of good faith I will give some: - Movement of fish/meat to markets before it spoils - Delivery of military messages ar
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by TapWaterBandit 3y ago
Lol that isn't what a 51% attack is...The confidence people on this thread are speaking about something they have no clue about is staggering. A 51% is ALL about miners and nodes. https://www.investopedia.com/terms&#x2F
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by TapWaterBandit 3y ago
Anywhere I can read thia withiut paywall?
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by TapWaterBandit 3y ago
I didn't address that point because it is conceptually and factually incorrect. But I will breakdown why for your benefit: > The reason that bitcoin's energy usage is a philosophical nightmare is because it's a system wher
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by TapWaterBandit 3y ago
> Please trust me when I say that I do not give a damn about the price of bitcoin. What I care about is stopping runaway energy consumption, and from that perspective proof-of-work is the biggest existential threat to humanity since the
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by TapWaterBandit 3y ago
Proof of Work is an energy-intensive solution to a very deep and old social problem: how do you verify transactions between parties over a great distance/online without a trusted intermediary? Proof of work is enormously socially valua
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by TapWaterBandit 3y ago
> Miners and node operators can operate on whichever fork they want, but that doesnt mean Coinbase or Fidelity or whoever is going to recognize that fork. Mate that isn't how it work. If Coinbase or Fidelity don't recognise the
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by TapWaterBandit 3y ago
> No one can simply state "I am not interested in Bitcoin" in a discussion without triggering some "response". Regardless of the merits of Bitcoin, or absence of them, that is fscked up. Red flag. Lol this is ridiculo
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by TapWaterBandit 3y ago
Lol power usage is such a strawman argument. 1% of all electricity in USA is used watching Netflix but you don't hear people complaining. But running a global permissionless decentralised store of value currency network should supposed
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by TapWaterBandit 3y ago
Lol this comment is funny because you clearly don't understand how Bitcoin works but are convinced it will be a problem. Owning the most bitcoin (or even a majority of the bitcoin) doesn't mean you control the network......
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by TapWaterBandit 3y ago
Even before reading this I definitely got vibes of "Wine makers find drinking red wine has benefits" or "Starbucks finds that coffee is the ultimate health drink" etc.
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by TapWaterBandit 3y ago
Eh, what's the alternative? Some people have this weird attitude that businesses are not allowed to shrink/fail. Businesses can only ever go one direction and that is more headcount, otherwise give them govt bailout. Businesses ne
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by TapWaterBandit 3y ago
I've thought one of the funnier end states for AGI would be if it was created but this ended up making it vastly less productive than when it was just a tool. So the AI of the future was more like Bender or other robots from Futurama t
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by TapWaterBandit 3y ago
Yea this seems like the most likely read to me. The customers lost are indistinguishable from their churn rate.

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