Viewing profile — atweiden

To avoid ecological disaster, we need to slam on the brakes, not merely pump them. > Once the marginal productivity of physical capital is below the real interest rate people will …

Hyperinflation of the old currency would erase all debt denominated in it as we shift to a global deflationary economic system. Once in the deflationary environment, the cost of bo…

Another option is to pump the brakes . > “ As the lockdown to stop the spread of coronavirus in India continues, pollution levels across much of the country have dropped sharply. N…

> both Florida and California went through pretty stringent lockdowns In Australia, police would patrol the streets to ensure people were staying within a 5 km radius of their resi…

> Without a really deep dive I'm not certain the island-country numbers of Australia or Japan would be achievable in the US If “being an island nation” was all it took to eradicate…

> Here in the U.S., at least, what has widely been maligned as "COVID denialism" was actually a deeper and more nuanced conversation about whether sudden, sweeping changes to socie…

lizmat++ The innumerable dark-seeming corners of the language is part of what makes Raku so very, distinctly “Perl”. Little traits and single character sigils that change everythin…

> The concept of "inflating debt away" is an assumption that wages match inflation while debt stays static It also myopically focuses on household debt. But household debt is signi…

> The alternative is to have your boss decide for you when he wants to fire you Just for fun, I thought I’d do the math on deflationary economics: #!/usr/bin/env raku use v6; multi…

Have you used Raku before? The new and improved regex syntax [1] IMHO completely obsoletes legacy PCRE. Writing regexes in other languages feels like stepping into an ICE vehicle a…

I’m disappointed in the way this Perl 6 v Perl 7 debate is developing. Perl 6 modernizes Perl with e.g. concurrent and reactive programming, built-in grammars and a reimagined rege…

Miners hold enormous political power in Bitcoin. Users and developers are dependent on miners to create blocks. The negotiating power of miners is self-evident.

> All blockchains require social coordination. How do you think Bitcoin operates? That’s a great question, and one Jude C. Nelson — who has a PhD in distributed systems from Prince…

> no one in this thread is promising utopia. i am merely pushing back against assertions of bitcoin being "most equitable". Fairly launched proof of work systems are a great deal m…

> or can be coordinated by users in the network Phone-a-friend consensus aka “weak subjectivity” doesn’t meaningfully differ from the administration of centralized Git repositories…

I’m only commenting from the perspective of investors concerned over debasement. 0.03% annual inflation reduces purchasing power by about 7% every 250 years.

A tail emissions rate of 0.03% or less annually seems acceptable. #!/usr/bin/env raku use v6; multi sub inflate($n, $r, $y) { my $m = $n; loop (my $i = 0; $i All else equal, a 1% a…

There isn’t an infinite amount of gold on earth, whereas there _is_ an infinite amount of any linearly emitted $COIN. Linear emissions models don’t resemble terrestrial gold mining…

Just to make sure I understand correctly, Eth2 stakers have no “voting” power, but are relied upon in a core capacity to ensure the continued functioning of the network? Something …

> PoS is easier than PoW to defend against a 51% attack as the offending validator set can be targeted. Who decides which validators are malicious?

> how does the capital cost being mining hardware and electricity rather than a pos token make the system more equitable? Every well known proof of stake system today was either pr…

And that would constitute buying an equity. We’re not mining in your example, we’re buying shares in a mining company.

You’d have to be doing something seriously wrong in your staking endeavours to break even due to “staking costs” even over the course of 1000 years. The primary cost of staking is …

Staking is similar to buying lottery tickets at the store, except you need never leave your home or pay any money for the tickets. It’s all about passive income generation. Mining …

Government money is a tool nations can use to further their own national interests. While this isn’t without its downsides (though see Yanis Varoufakis on CBDCs [1]), the gains fro…