scyclow

5 ms·

1.
by scyclow 3mo ago
This is a fun book, but it famously embellishes, exaggerates, and sensationalizes the tulip bubble [1]. The efficient markets people obviously don't like the story, but there doesn't seem to be much evidence that it happened on th
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by scyclow 3mo ago
This is where non-financial use of blockchain could really shine, IMO. Self-sovereign identity management with a smart contract-based process for recovering ids if keys get lost or hacked. Blockchains are pretty out of favor these days, but
3.
by scyclow 4mo ago
No, people are still trading them for some reason, and there's pretty good liquidity. The highest offer right now is $15.2k, which someone can dump any of the 10k apes for that. And there were 16 sales (totaling $271K) in the last 24 h
4.
by scyclow 4mo ago
It does fluctuate, but the floor price is still miraculously $16k
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by scyclow 5mo ago
I don't know what American LLMs you're using. Just asked Claude, which gives nuanced answers on both, but amounts to "It's contested, but numerous authoritative bodies say yes" and "it depends on your definitio
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by scyclow 5mo ago
As an American, I can conclusively say that we absolutely have no moral high ground whatsoever. But bringing the topic back to LLMs, I don't feel great about using an LLM that has a panic attack any time I ask about Tiananmen Square or
7.
by scyclow 8mo ago
Really? Blocked how?
8.
Vibe Coding is an E-Bike for the Mind(steviep.xyz)
7 points by scyclow 8mo ago|4 comments
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by scyclow 8mo ago
https://steviep.xyz
10.
by scyclow 9mo ago
I agree as it relates to bitcoin: It's positioning itself as a store of value... and it kind of works as long as the collective delusion that it _is_ a store of value holds up. But that sort of self-fulfilling prophecy is kind of flim
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by scyclow 1y ago
Author here. Gas costs have actually come down a lot over the past few years. It only costs me a few dollars to run the transaction. It's more that scheduling, setting up, conducting, and tearing down each burn session is a huge pain i
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How To Set $2,455 on Fire(busd.steviep.xyz)
3 points by scyclow 1y ago|0 comments
13.
by scyclow 1y ago
That's not really a valid criticism. You can say that same thing about any protocol. Who's to say that the majority of btc hashing power isn't single force or conspiring group?
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by scyclow 1y ago
Being able to handle Bitcoin transactions is fine, but it's disingenuous to act like it's the only way to be truly decentralized.
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by scyclow 1y ago
Frankly, this is better than a stablecoin since the value is locked on the blockchain forever no matter what.
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by scyclow 1y ago
It's a federal crime a federal crime pursuant to United States Code Title 18 (CRIMES AND CRIMINAL PROCEDURE), Part I (CRIMES), Chapter 17 (COINS AND CURRENCY), Sec. 333 (Mutilation of national bank obligations): Whoever mutilates, cuts
17.
Show HN: Burnt US Dollars(busd.steviep.xyz)
9 points by scyclow 1y ago|6 comments
18.
by scyclow 1y ago
The math here doesn't really work out for a couple reasons. First... sure, if you spend $500,000 on buybacks instead of paying dividends, then large shareholders might make trillions of dollars. But individual investors make money also
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by scyclow 1y ago
> POW is necessary to keep the network secure It's certainly a way to keep the network secure. At best it's marginally better than POS. At worst, it's a ticking time bomb security budget cliff.
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by scyclow 1y ago
Pretty much everything other than bitcoin, monero, and dogecoin are running proof of stake these days anyhow, so it kind of doesn't matter.
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by scyclow 1y ago
There are different flavors of stablecoins though. There's the ponzi scheme flavor that is propped up based on hand waving alchemy, and there's the boring (and now regulated) flavor that's actually backed by real money.
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by scyclow 1y ago
Yeah, but so can PayPal and Visa and Mastercard. The issue here is that payments is essentially a duopoly. Itch doesn't have any alternatives because they're locked into traditional payment rails. Stablecoins at least let someone
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by scyclow 1y ago
There are a lot of people mentioning crypto as a possible solution to this, and a lot of people responding that crypto is a ponzi scheme, and they're not interested. But congress recently passed stablecoin legislation that could possib
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by scyclow 1y ago
Look at the GENIUS Act https://www.congress.gov/bill/119th-congress/senate-bill/394...
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by scyclow 1y ago
Sure, so I guess if the owner of the land doesn't own the mineral rights then they have no incentive to look for oil with or without a LVT.
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by scyclow 1y ago
LVT proponents also typically advocate for pigovian taxes (tax things you want less of to disincentivize it) and taxes on rent-seeking activities. So, offshore drilling would probably be hit with something like a carbon tax (directly or ind
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by scyclow 1y ago
Let's be real: if this scenario unfolded today, your land would be worth more as housing/infrastructure/commercial/etc. than as farmland, some real estate developer would buy it from you, and you'd make a lot of mon
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by scyclow 1y ago
The first two arguments he makes here miss the point of a LVT entirely > An LVT discourages searching for new uses of land > An LVT implicitly taxes improvements to nearby land If I find oil on my land, or if someone builds a park acr
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by scyclow 1y ago
My biggest criticism of LVT is that the name is confusing :) The idea is that you're taxing 100% of land rents, not 100% of the total value. So if there's a 5% cap rate on your property, and the land value is $300k, then the annua
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by scyclow 1y ago
If I'm understanding the paper correctly, they're assuming that defenders are also scanning deployed contracts with the intention of ultimately reporting bug bounties. And they get the $6,000/$60,000 numbers by assuming that

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