Viewing profile — carleverett

"The "It's not X -- it's Y" pattern, often with an em dash. The single most commonly identified AI writing tell. Man I f*cking hate it. AI uses this to create false profundity by f…

Let’s see: - 12 months runway - $100k/mo. burn rate - 4% APR Gives you about $25k interest. Seems worth it to me.

No one is speculating on stablecoins. Keep in mind stablecoins aren't a product built for Americans, they're built for people outside the US financial system to give them access to…

If it's a fraud, then it's one with a working product. In 2022 when confidence in stablecoins plummeted after the Terra collapse, $20 billion in Tether was liquidated in a month - …

This is a great pitch for digital privacy as a global standard as well.

But stablecoins are backed by real dollars. People hold dollar-backed stablecoins because they believe the US dollar to be the most durable unit of account on the planet. All the p…

I can’t really think of a better, more concise pitch for cryptocurrencies than “ideally you could just have a foreign bank account that your country cannot touch.”

As someone from the US who's traveled all over the country for fun, I can assure you there are loads of delightfully unique places and rich communities that think and act quite dif…

But 1 day is still 24 hours. If you want to celebrate your birthday at the moment earth reaches the same spot around the sun as when you were born, then we’d all have the same issu…

there's a (small) chance that the moon landing was the first time a living organism successfully chose to visit another celestial body in the entire history of the universe. "basic…

I’m not saying fiat currency doesn’t store value… just that, of the functions of money, it’s better as a medium of exchange + unit of account where you care way more about price st…

I think you're confusing store of value with medium of exchange... most people don't really store value in currencies long term - usually they just keep enough to pay near term bil…

> I do think that cryptocurrency is nonsense and should be banned A good definition for "real" cryptocurrency is whether or not it's possible for it to be banned.

Ahhyeah I see now it only has a few upvotes - there must've been an algorithm glitch because it was the #5 story on the front page when I clicked on it. The topic is relevant, but …

Looks like some upvote farming going on here... this isn't the type of story Hacker News usually finds interesting.

This comes up near the top when you search "Google Maps My Saved Places" and now a random list with 1 saved place - the USDA Cereal Disease Lab in Minneapolis, MN - has a whole bun…

Tether is using Deltec Bank and Trust in the Bahamas. Deltec's CEO actually did an interview where he responded to the Tether fraud claims: https://unchainedpodcast.com/is-tether-a…

Yes I 100% agree Lightning Network solves a lot of the medium of exchange issues and in a really cool way too. I don't see the volatility stopping though. And being volatile upward…

A good medium of exchange should have: - Little to no transaction fee - Near instantaneous transaction time - stable value The characteristics of Bitcoin that make it such a good s…

"Store of Value" and "medium of exchange" are 2 separate functions of currency that shouldn't be served by the same asset.

I don't think you could ever find the "true price" of a pure store of value asset like Bitcoin. Gold has been around for thousands of years and is still volatile enough that no one…