awrence

6 ms·

1.
by awrence 2y ago
Def super successful. Crazy how the flaps held given how they seemed to disintegrate on re entry. They said they’d try and catch the booster for flight 5 if the booster splashed down successfully this time and it did so fingers crossed. Tha
2.
by awrence 2y ago
Ok but what happens if they cross the streams??
3.
by awrence 2y ago
Honored to get a reply from you sir! I haven't personally done a deep dive on Satoshi's intentions probably for the specific reason I've always failed to see why former intentions or aspirations for technologies, even by thei
4.
by awrence 2y ago
I'm not a tax expert so wondering, shouldn't the potential loss be computed off the non payment of exit tax at date of exit or 2014 levels? (which would have computed to much lower than 48mm)
5.
by awrence 2y ago
Given the monetary policy Satoshi chose and the headline he picked to include in the genesis block, I really don't think you can infer what he himself thought bitcoin was meant to become, even if he referred to it as cash originally. B
6.
by awrence 3y ago
Hmmm can’t speak to the likelihood of their actual inflows but tens of billions of usd from global participants that are functionally shut out from usd pipes is really very reasonable. It’s 0.25% of M2. What amuses me a bit is how shocked i
7.
by awrence 3y ago
Very simply? If the conspiracy theories about their scamminess were wrong and they did what they said which was hold dollars without duration exposure (mostly cash and tbills). Then once rates got hiked they were basically the only bank equ
8.
by awrence 4y ago
EUR vs Dollar went as low as 0.82 ish in its early days (00) and was below 1 through roughly 02 so not a first no.
9.
by awrence 5y ago
DOOMP EET
10.
by awrence 5y ago
This is your opinion.
11.
by awrence 5y ago
You made a straight up declaration about proof of work in a pretty condescending and unsubstantiated way. I literally applied your exact framing and wording to present that approach from my point of view, and you hated that version of exact
12.
by awrence 5y ago
It's a misconception to think a miner will only locate on energy sites with continuous supply. It can still make perfect sense for a miner to locate on a site with variable demand (which by the way is basically every energy production
13.
by awrence 5y ago
I agree it's not an argument for bitcoin. Whether bitcoin is a net positive environmentally or not is a different debate. I was just emphasizing how people point fingers at Proof of Work without considering the immense negative environ
14.
by awrence 5y ago
It also demonstrates a basic lack of understanding of how the energy markets work and how as just about the only intermittent buyer of last resort, proof of work is about to positively impact the energy infrastructure in a pretty substantia
15.
by awrence 5y ago
Easy there big fellow. The petrodollar is certainly and undenyably a huge problem in and of itself, as you well know. Its horrible environmental impact is a huge problem, as are its effects on the mental health of the people who go online a
16.
by awrence 5y ago
I see your point but my first bit just meant to highlight the unfair disproportionate energy attention PoW has been getting specifically vs just about any other use case. I don't personally think you should be making moral judgements a
17.
by awrence 5y ago
I've been following this topic intensely for years and am very comfortable with these numbers but fair enough. I agree I should reference some official sources which I'll try and dig back up. Happy to discuss any assumption in clo
18.
by awrence 5y ago
The math on the PoW energy FUD just doesn't check out. - At current levels, bitcoin uses very roughly 0.1% of global electricity but electricity only represents 25% of fossil fuels emissions so current PoW contribution to global emissi
19.
by awrence 5y ago
Random reply: Or you can stay here on earth, go scuba diving and experience the exact same weightlessness... :)
20.
by awrence 5y ago
Economists predicted 100 of the last 1 recessions.
21.
by awrence 5y ago
“ In his 1979 history, The Alcoholic Republic, the historian W. J. Rorabaugh painstakingly calculated the stunning amount of alcohol early Americans drank on a daily basis. In 1830, when American liquor consumption hit its all-time high, th
22.
by awrence 5y ago
My shower pays for itself :)
23.
by awrence 5y ago
It's pretty brilliant actually. Case 1 electric space heaters blindly pass electricity through dumb wires. Case 2 instead of dumb wires you use ASICs. Case 2 is a win win that helps secure a decentralized monetary asset, get paid for i
24.
by awrence 5y ago
The burden seems to be on the business side here. So I'm not sure what changes tax wise for end users who were using centralized exchanges to monetize their holdings. If they weren't assuming the IRS was monitoring everything they
25.
by awrence 5y ago
I'm afraid this is the complete misunderstanding of what money is for. You're describing the best medium of exchange, which you know today generally as base money of fiat currencies (cash). Acting as a medium of exchange is a prop
26.
by awrence 5y ago
Couldn't agree more. Very well said.
27.
by awrence 6y ago
That’s fair, if the assumption is that false negatives are very low or 0 (in which case it’s a super high accuracy test at low contamination rates and super useful). And yeah obviously we desperately need a decent test like three months ago
28.
by awrence 6y ago
This is a classic statistical fallacy. A test that is 50% accurate serves 0 purpose. You might as well consider coin flipping a valid test. If you tested America with this test you’d end up thinking half the country is infected. And within
29.
by awrence 7y ago
Yes that was the joke :)
30.
by awrence 7y ago
Nope, entirely with you. I listen to quite a few podcasts but I gave up on the daily pretty quickly. I absolutely cannot stand his delivery.

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