carleverett

8 ms·

1.
by carleverett 6mo ago
"The "It's not X -- it's Y" pattern, often with an em dash. The single most commonly identified AI writing tell. Man I f*cking hate it. AI uses this to create false profundity by framing everything as a surprising r
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Truthful Decision Mechanisms – The Holy Grail of Democratic Systems(substack.com)
1 points by carleverett 7mo ago|0 comments
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by carleverett 8mo ago
Let’s see: - 12 months runway - $100k/mo. burn rate - 4% APR Gives you about $25k interest. Seems worth it to me.
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by carleverett 1y ago
No one is speculating on stablecoins. Keep in mind stablecoins aren't a product built for Americans, they're built for people outside the US financial system to give them access to some of the benefits of the US's relatively
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by carleverett 1y ago
If it's a fraud, then it's one with a working product. In 2022 when confidence in stablecoins plummeted after the Terra collapse, $20 billion in Tether was liquidated in a month - $10 billion of that in a single day: https:/
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by carleverett 1y ago
This is a great pitch for digital privacy as a global standard as well.
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by carleverett 1y ago
But stablecoins are backed by real dollars. People hold dollar-backed stablecoins because they believe the US dollar to be the most durable unit of account on the planet. All the proof you really need for that is that most crypto users outs
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by carleverett 1y ago
I can’t really think of a better, more concise pitch for cryptocurrencies than “ideally you could just have a foreign bank account that your country cannot touch.”
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by carleverett 1y ago
As someone from the US who's traveled all over the country for fun, I can assure you there are loads of delightfully unique places and rich communities that think and act quite differently from each other. But yes I could see how work
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by carleverett 3y ago
But 1 day is still 24 hours. If you want to celebrate your birthday at the moment earth reaches the same spot around the sun as when you were born, then we’d all have the same issue - we’d have to celebrate it 6 hours later every year, rese
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by carleverett 3y ago
there's a (small) chance that the moon landing was the first time a living organism successfully chose to visit another celestial body in the entire history of the universe. "basically a photo op" is such a strange way to thi
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by carleverett 3y ago
I’m not saying fiat currency doesn’t store value… just that, of the functions of money, it’s better as a medium of exchange + unit of account where you care way more about price stability and liquidity. A good store of value is scarce, dura
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by carleverett 3y ago
I think you're confusing store of value with medium of exchange... most people don't really store value in currencies long term - usually they just keep enough to pay near term bills. Stores of value are things like stocks, bonds,
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by carleverett 4y ago
> I do think that cryptocurrency is nonsense and should be banned A good definition for "real" cryptocurrency is whether or not it's possible for it to be banned.
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Response to SBF on regulation recommendations for cryptocurrencies(moneyandstate.com)
2 points by carleverett 4y ago|0 comments
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by carleverett 5y ago
Ahhyeah I see now it only has a few upvotes - there must've been an algorithm glitch because it was the #5 story on the front page when I clicked on it. The topic is relevant, but the format of long Q&As with a lot of info on the p
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by carleverett 5y ago
Looks like some upvote farming going on here... this isn't the type of story Hacker News usually finds interesting.
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by carleverett 5y ago
This comes up near the top when you search "Google Maps My Saved Places" and now a random list with 1 saved place - the USDA Cereal Disease Lab in Minneapolis, MN - has a whole bunch of views.
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Random “My Saved Places” List on Google Maps with 177k Views(google.com)
1 points by carleverett 5y ago|1 comments
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by carleverett 6y ago
Tether is using Deltec Bank and Trust in the Bahamas. Deltec's CEO actually did an interview where he responded to the Tether fraud claims: https://unchainedpodcast.com/is-tether-a-fraud-its-bank-says... When Tether s
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by carleverett 6y ago
Yes I 100% agree Lightning Network solves a lot of the medium of exchange issues and in a really cool way too. I don't see the volatility stopping though. And being volatile upwards might be good for the spender who's been saving
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by carleverett 6y ago
A good medium of exchange should have: - Little to no transaction fee - Near instantaneous transaction time - stable value The characteristics of Bitcoin that make it such a good store of value make it really bad at these. Computation-he
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by carleverett 6y ago
"Store of Value" and "medium of exchange" are 2 separate functions of currency that shouldn't be served by the same asset.
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by carleverett 6y ago
I don't think you could ever find the "true price" of a pure store of value asset like Bitcoin. Gold has been around for thousands of years and is still volatile enough that no one would want to use it for daily transactions.
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by carleverett 6y ago
Neat! Would you mind sharing the company you work for?
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by carleverett 6y ago
This chart shows the amount of BTC that's locked into the Lightning Network over time, one measure of adoption: https://embed.theblockcrypto.com/data/on-chain-metrics/bitco... It hasn't grown much in th
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by carleverett 6y ago
Fun anecdote: A couple years ago I was at a bar in Marfa, Texas - a small art-centric town that gets a lot of tourism for things like it's fake Prada store ( https://en.wikipedia.org/wiki/Prada_Marfa ) - and overhea
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by carleverett 6y ago
I highly recommend "A Blank Slate of State" by Chris Burniske: https://unchainedpodcast.com/chris-burniske-a-blank-slate-of... He makes the same argument that I think you're making, that these new types of &
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by carleverett 6y ago
God was supposed to have created men not the other way around.
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by carleverett 6y ago
Decentralization isn't really the point - it's going from non-tradable Reddit karma to tradable ERC-20 tokens. Reddit definitely could have built a marketplace that let people trade karma from different subreddits, with a way to d

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