zmaurelius

5 ms·

1.
by zmaurelius 4y ago
Before Bitcoin, there did not even exist the possibility of programmable money because no unit of account could ever be guaranteed to actually exist since there was no way to verify said existence. After Bitcoin, we now have a fundamental c
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by zmaurelius 4y ago
If that's the lowest fee you can find, you are probably sending some money to a few Nigerian princes on the side and investing in SBF's next venture.
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by zmaurelius 4y ago
It looked like Gensler was trying to secure a monopoly for FTX in the US, so making sure Coinbase didn't have a competing product was a cornerstone of that game plan.
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by zmaurelius 4y ago
As a society, we are quite good at keeping people alive for a long time but not so good at addressing chronic illness. With the massive increase in autoimmune disease, obesity and other chronic illnesses, I would contend that overall we are
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by zmaurelius 4y ago
I believe only Coinbase publishes total liabilities at the moment. In my opinion, Coinbase is the gold standard due to being a publicly traded company and Kraken carries more risk.
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by zmaurelius 4y ago
It is kind of strange how unsophisticated the hack ended up being. I feel like SBF would have pulled off something with a bit more finesse.
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by zmaurelius 4y ago
Kraken regularly publishes proof of reserves. I don't recommend keeping funds on exchanges as a rule, but I don't feel stressed out leaving a percentage of my holdings there for an extended duration.
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by zmaurelius 4y ago
That's the thing with decentralization, since anyone can participate you will always get a bunch of gamblers because most people are not in it for ideology but rather to make a buck. That's just human nature. Is it possible to cre
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by zmaurelius 4y ago
Organ meats such as beef liver provide a significant amount of B12. If you are just eating muscle meat, then you will have to eat a lot.
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by zmaurelius 4y ago
High dividend stocks have been a good bet and hedge in previous downturns. Individual stocks will have high variance, but a basket of high dividend stocks would be worth looking into.
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by zmaurelius 4y ago
I don't think fair distribution of cryptocurrency in the bootstrap phase is a solved problem. We got a long way to go if we are to come up with a fair system. Satoshi went with the best that he could come up with which is a no premine
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by zmaurelius 4y ago
It also enabled about $60+ million dollars to be donated to Ukraine and that's just one data point. Whether these other problems are a small price to pay will depend on who you are talking to. To the Ukrainians that benefited from thes
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by zmaurelius 4y ago
Bitcoin only solves the problem of manipulation of the underlying money supply. It does not solve the problem of fraud and scams. Maybe one day we can also solve that problem with exchanges existing only as smart contracts, but with exchang
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by zmaurelius 4y ago
I think people are too hyper focused on the price aspect of cryptocurrencies. The experiment that is Bitcoin shows that people do not need to rely on a monetary system where a cabal of rich and powerful individuals can arbitrarily modify th
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by zmaurelius 4y ago
At the end of day, this entire fiasco really drives home the point if its not your keys its not your coins. Shady exchanges/banks can always collapse and take your entire portfolio with it, but if you have a securely backed up wallet,
16.
by zmaurelius 4y ago
https://en.wikipedia.org/wiki/United_States_involvement_in_r... I think it would be naive to think similar programs are not being enacted in the present day.
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by zmaurelius 4y ago
They could, but then the IRS would have contend with an army of lawyers to claw their money back. In this case, going after a small time criminal with no connections is an easy win, so it makes sense from a resource allocation perspective f
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by zmaurelius 4y ago
Holding a large amount of cryptocurrency without multiple backups spread around various geographical locations is foolish. So ultimately to store cryptocurrency securely, its never actually easy when you get down to the nuts and bolts of it
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by zmaurelius 4y ago
Unfortunately, fake products have infiltrated just about every product segment. Even though there are relatively fewer fake products in some categories, the overall percentage of fake products is uncomfortably high and only getting higher o
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by zmaurelius 4y ago
It also depends heavily on what exactly you are buying. If you are buying health supplements, expect way more than 30% fake reviews and expect a lot of products to be fake themselves. On the other hand, if you are buying something like a ri
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by zmaurelius 4y ago
Upon closer examination, it may not be. There is some force multiplier there that I am not accounting for and cannot because there isn't really a good unit of measurement for technological progress or research speed. What seems intuiti
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by zmaurelius 4y ago
Thanks for sharing this, I had no idea it was already this prevalent.
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by zmaurelius 4y ago
Ultimately it comes down to a numbers game which we can roughly estimate by looking at the number of STEM graduates generated by each country assuming the research output of each individual is roughly equivalent. The US does have the advant
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by zmaurelius 4y ago
By your logic, Congo should be topping that list for introducing HIV to the world and causing more than 40 million deaths. That sounds ridiculous to me, but hey whatever floats your boat.
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by zmaurelius 4y ago
I am really surprised that there haven't been even more malicious packages distributed in the past couple of years considering the rise of cryptocurrency. Seems like a determined and malicious actor could score big by targeting the mor
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by zmaurelius 4y ago
Can you show some data to back that up? Post 9/11 US wars have displaced more than 38 million people and directly caused more than 900,000 deaths. China and Russia both have terrible records when it comes to human rights, but where are
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by zmaurelius 4y ago
> I'm not well off like most people on here, I can survive 4-6 months with no salary For a more extended break, you can stretch that out by going somewhere much cheaper and living like a digital nomad. Consider places like Kuala Lu
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by zmaurelius 4y ago
Unfortunately, politicians in the US lack the foresight and willpower to enact any of those changes because that would necessitate foregoing short term gains. Even if we pulled another $31 trillion out of thin air, none of these problems a
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by zmaurelius 4y ago
How do you define 'high-tech' here? Would a 'low-tech' nation be able to build a space station like this? China has a lot of systemic issues stemming from corruption and nepotism, but they also have a large population a
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by zmaurelius 4y ago
So how did they manage to complete this space station at all when R&D is 'almost impossible'? There is no doubt that China did not develop everything from the ground up, but to disregard the progress that they have made on to

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