coralreef

5 ms·

1.
by coralreef 1mo ago
Carbon tax would shift the economics in favor of renewables.
2.
by coralreef 4mo ago
Unfortunately I feel this was inevitable as GoPro did not stay on top of hardware design. DJI and Insta360 offer compelling products. And budget, lower quality 1080p-4k action cams got eaten by Akaso and other clones.
3.
by coralreef 5mo ago
The data center money was private capital put up by individuals and corporations willingly. They are seeking to provide a product (compute) to paying consumers. You can have an opinion on whether or not AI/data centers are worthwhile,
4.
by coralreef 5mo ago
What was gained from it?
5.
by coralreef 2y ago
How do TPUs perform compared to GPUs on LLMs and image generation?
6.
by coralreef 3y ago
Possibly. Who would be more efficient at pricing money: the market or the government?
7.
by coralreef 3y ago
Medical tourism
8.
by coralreef 3y ago
And 640k memory is enough for anyone!
9.
by coralreef 3y ago
I feel like this is a weak point. There are countless spam/scam websites out there, because anyone can spin up a page and publish something. That’s why you exercise a bit of caution and skepticism. That’s the tradeoff of an open web. W
10.
by coralreef 4y ago
What self respecting lawyer would ever advise their client, whom is probably being investigated for criminal charges, to tell their story to the media?
11.
by coralreef 4y ago
> is of significantly more historical significance Hmm, maybe, or maybe a video representation of the moment, endorsed and co-branded by the league and the athletes, will come to be as valuable or more valuable than a physical photo prin
12.
by coralreef 4y ago
Yes, you could go and mint NFTs claiming to be authentic. The same way you can try selling fake Rolex’s or picasso’s. Any serious buyer would attempt to vet the items provenance to make sure it’s authentic. You might be able to pull a quick
13.
by coralreef 4y ago
And cryptographic proofs are not a form of provenance?
14.
by coralreef 4y ago
You realize it’s not the pointer to a jpg that makes an NFT valuable, it’s the provability of the artist that published it?
15.
by coralreef 4y ago
So you pay money for cardboard with ink on it, and it’s worth thousands? Sounds sus
16.
by coralreef 4y ago
Lebron James rookie cards were always a scam.
17.
by coralreef 4y ago
But what happens if/when a large amount of user ETH gets staked in a single country, in a few entities? End users don’t have the motive or skills to move their ETH to platforms or systems that better protect decentralization. The downs
18.
by coralreef 4y ago
You misuse the word “backed”. The US economy does not “back” the dollar, figuratively or literally. America, it’s workers, corporations, military, etc., will happily abandon the dollar should it become necessary. No one wants to be paid in
19.
by coralreef 4y ago
Corporations generally avoid creating cryptocurrencies because of the immense regulation and legal work they would have to do. And because banking regulation and compliance is generally out of their wheelhouse. Facebook tried it with their
20.
by coralreef 4y ago
Creating something doesn’t automatically make it valuable. You’re failing to realize that value is socially derived.
21.
by coralreef 4y ago
Just because you can clone Facebook doesn’t mean you get a valuable user base
22.
by coralreef 4y ago
Even better: being able to create money out of thin air…oh wait.
23.
by coralreef 5y ago
> If you steal my gold or other metal store of value, I can pursue you in court and recover my loss Stolen property is stolen property. Not all stolen property is recoverable. Even stolen property with a paper trail may not be recoverabl
24.
by coralreef 5y ago
Peer to peer money (low transaction cost, high scalability) is not immediately possible without tradeoffs to decentralization. You can increase block sizes to a degree, but that threatens decentralization by making it difficult/expensi
25.
by coralreef 5y ago
Right, it doesn't necessarily grind the economy to a halt; it simply forces investments to be worthwhile, because now they have to generate enough return to satisfy a higher interest rate. If money is not cheap, speculation is less ram
26.
by coralreef 5y ago
Yes, money creation pushed wages up as it did costs. And gains from technology resulted in real wealth increases for society in general. However, holding the asset itself resulted in loss of buying power over time. There is a distinction be
27.
by coralreef 5y ago
I've yet to see the demise of the movie industry thanks to BitTorrent.
28.
by coralreef 5y ago
> We have one already: cash. Cash is awful if you live in Turkey, Venezuela, Zimbabwe, Lebanon, etc. The USD has lost 90% of its purchasing power since the 1950's, meaning cash is toxic over longer time horizons. You cannot have a
29.
by coralreef 5y ago
Bitcoin in particular is used as a store of value, or a form of "digital gold". Everything is speculation (you hope it goes up in the future, but no one knows for sure), but large corporations are increasingly keeping a balance in
30.
by coralreef 5y ago
This entire post seems to avoid or lack the understanding of the basic reasons blockchain were created; that is, to offer a decentralized, permissionless, censorship-resistant network. This was Satoshi's vision, and those values are a

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