fossuser

7 ms·

1.
by fossuser 5y ago
I think what that twitter thread points out is that #2 is harder and less common in crypto (for better or worse) in the current state. What would be a trivial correction in the normal system isn't here. There are also a lot more ways f
2.
by fossuser 5y ago
I'm not sure this follows in the case of options? You have a contract to buy stock at X price. You do this at a discount and get the stock. You could just tax the gain on the stock on its sale with existing tax law and you could do thi
3.
by fossuser 5y ago
So tax the gain on sale of the stock - there's no good reason to tax it on exercise (especially when the stock is illiquid and the price can still go down). The current law is bad imo.
4.
by fossuser 5y ago
There are some exceptions like exercising stock options where you’re taxed for the difference between the strike price and the fair market value at the time of exercise (I’m not sure why the law is this way).
5.
by fossuser 5y ago
Yeah I got a kick out of that too. “Send the money back or we’ll follow the laws we were supposed to be following anyway!” Patio11 had a thread on Twitter better than this article.
6.
by fossuser 5y ago
> The crazy thing about Theranos is that so many people with experience in microfluidics (developed mainly for DNA sequencing although there are other uses) knew that their claims were impossible, technologically speaking. I'd push
7.
by fossuser 5y ago
The funny thing to me is if Verizon's plans and website weren't such a disaster I'd be happy to pay more for better service. I just don't want to deal with a rep, be forced to go to a store, be forced to sign a contract,
8.
by fossuser 5y ago
I use Visible which is a Verizon subsidiary (MVNO-like, but not an MVNO) - I think they used it to test out stuff or something? Either way it's $25/mo unlimited everything with the tradeoff being that you can be deprioritized. In
9.
On Nathan Schneider on the limits of cryptoeconomics(vitalik.ca)
2 points by fossuser 5y ago|0 comments
10.
by fossuser 5y ago
It lets you migrate without having to update your email across every account. It’s what I do with a custom domain (though only have a handful of custom aliases currently). Having this integrated in a first class way is a nice surprise and a
11.
by fossuser 5y ago
Starlink works well (got it for my in-laws place in Placerville). It was a little rocky early on with more frequent dropouts, but now the dropouts are rare and the speeds are fast: 50mbps to 200mbps and this is with the dish being slightly
12.
by fossuser 5y ago
They're cheap certainly, but they're not an example of a good idea for a high growth startup. I also wouldn't personally call the experience great as a user either, but that's subjective. If you're trying to start a
13.
by fossuser 5y ago
You're arguing a strawman unrelated to what I wrote. When figuring out what ideas are good potential options for startups (particularly high growth startups) - you want to choose one where there's a large need and where you have
14.
by fossuser 5y ago
It was a more nuanced point in the book. Basically starting a restaurant in Manhattan is a bad business because of extreme competition competing away all of the profits. You want a business where you have a moat to generate capital you can
15.
by fossuser 5y ago
The odd thing about their repeated attempts to damage crypto is that it feels like a strategic miss to me. If I was the CCP I'd try to leverage BTC (and others) as a weapon against the dominance of USD. Instead it looks like they just
16.
by fossuser 5y ago
Yeah - it's one of those cases where effective coordination is hard. We need effective coordination (regulation) to get outcomes that are best for both individuals and the group, but that doesn't make it easy. Risks of regulatory
17.
by fossuser 5y ago
Some of my favorite aspects of capitalism are when incentives align people toward things that are also in the public interest in addition to the private interest of the company. Another historical example that comes to mind were some train
18.
by fossuser 5y ago
Yeah - I think Apple's 30% cut is a racket and a bad incentive for them. They should make money by shipping incredible products, not taxing everyone who builds for them. That said, I like the app store rules they can enforce like IAP -
19.
by fossuser 5y ago
Vitalik's role is dependent on consensus of most of the community - he's not a dictator. He won ETH vs. ETC because the majority of the community thought he was right. If that changes then he'll lose his influence (imo), but
20.
by fossuser 5y ago
Yeah - ETH2 is a high risk long bet on the future of ETH, that risk is why the rewards for doing it are pretty high right now. I haven't personally staked anything because of that risk. My point was billions of dollars of wealth are al
21.
by fossuser 5y ago
You're right that the specific computation of PoW is supposed to be useless for game theory reasons [0], but the computation requirement itself still delays updating the network (while block size constrains how many transactions can ha
22.
by fossuser 5y ago
Why does PoS have little to do with transaction costs? I thought it enabled massive throughput without the need for block computation? Am I wrong? Layer 2 is a hack given the current constraints, but it comes with its own trade offs that I
23.
by fossuser 5y ago
Lack of leadership is why BTC elevated a con artist pretending to be satoshi and is still arguing over block size. I think hard improvements require effective coordination and someone who can pull that off. Vitalik is part of the reason I
24.
by fossuser 5y ago
For those not that involved in this stuff, ETH2 fixes this issue by switching to proof-of-stake. There are already billions being staked in ETH2 validators today in preparation for the switch and Vitalik has written and talked a lot about i
25.
by fossuser 5y ago
Yeah - the lack of retention control on these platforms makes me hesitant to use them. For Twitter there are third party sites that make it easy to remove old tweets, but it's nearly impossible to remove likes (you have to start a proc
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by fossuser 5y ago
That cap can be increased if necessary it’s just a default, the reason to have non-zero cost ids to combat spam and accrue reputation makes sense. I don’t agree with CY’s NRX politics (or much of Thiel’s for that matter - I think he was inf
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by fossuser 5y ago
If you spin up a comet to check it out say hi in the general chat!
28.
by fossuser 5y ago
Yeah the Pax was obviously for cannabis and the wink wink copy on the website about tobacco or “herbs” was just what everyone did back then prior to recreational legalization. If they’re not acknowledging that in the podcast I’d have little
29.
by fossuser 5y ago
I think Urbit solves some of the issues that remain unsolved in Scuttlebutt. When you have non-zero cost NFTs as IDs on the network you make spam a non-issue and moderation 'easy'. Avoiding blockchain in the actual system design a
30.
by fossuser 5y ago
"Two young Silicon Valley entrepreneurs set out to rid the world of smoking with an incredible new product." This seems a little like revisionist history? Apologies for awful forbes link, but it has some of their early ads: https

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