Viewing profile — nootropicat

Not paying taxes is the single best thing anyone can do. You can get an average market return and you will still move up, relatively, because most people pay taxes. Often it's the …

No they don't, banks have accounts with the central bank. They also have their assets and liabilities. They have to manage the system so that they can manage external withdrawals. …

What he wrote is a popular myth that originated in a misunderstanding how fractional reserve works, it just means they have long term assets to cover short term liabilities. There'…

There's a type of people that considers good living a sin and they invent 'solutions' like these. The solution to water shortages is to build desalination plants. They are surprisi…

I used to be optimistic, but it's 2023 and the only non-ponzi use case of crypto are stablecoins. What people actually want is to easily trade and transfer US dollars. Some tokens …

A ponzi is any system in which the only way for older buyers to cash out is at the expense of later investors. How is 'supply is fixed' relevant?

The only issue with central planning is making people behave according to its rules - it's a problem of motivation. The calculation side itself is evidently better under central pl…

Eip 1559 saved eth holders billions of dollars. It's not possible to perfectly design a system from the start, and in fact ethereum was explicitly started as a work in progress. Bi…

The actual cost of running ethereum is negligible, about $5k/day at the upper end. It's just the cost of running thousands of staking nodes.

I would have agreed with you in the past. Now, I have to disagree. >the web was hard to navigate and you relied on webpages "befriending" each other and helping you navigate to sim…

>ETH/BTC reached 0.1515 in June 2017 Yes, there were few weeks when ethbtc was higher, but that was over 4 years ago. There were 6 months of free money during the second half of 20…

Bitcoin has been an absolutely terrible bet for the last 4 years. On top of that most people in eth multiplied their holdings during defi summer.

Humans didn't change at all since tests like cruentation were an accepted method. https://en.m.wikipedia.org/wiki/Cruentation Fortunately it appears ai will soon enough act as a mo…

All those arguments reduce to "humans have a soul, computers don't, checkmate atheists". Ironically, soon AI will be able to generate articles arguing that AI can't ever think, aut…

Those historical returns are ridiculously optimistic. In fact stocks aren't great once you look globally. Imagine investing starting from 1900 Germany or Russia. In both cases you …

Relying on constant insane returns isn't financial independence. Considering how many people are working to extract money from equities it's most likely luck. Insane returns is one…

The obsession with plastic recycling is due to human irrationality. We are driven to conserve material resources over hard to imagine energy because matter is tangible. This is a f…

That's because the actual point of progressive taxation is to prevent class mobility.

Does this guy not realize how much he fucked up his Mars idea? You would have to be insane to live in a place controlled by him.

You're thinking of the upper 0.01%. Global upper 1% starts at about $1M nw. Private jets are only really affordable at 9 figures.

Online reality is as much real as the physical one, and as technology for io to the human body advances it's going to increasingly dominate. She feels noticeably superior to people…

>Western culture already has driven fertility rates well below replacement. Yes but it's clear it's not 'western culture' but 'industrial economy'. It's happening everywhere. Eg. I…

Because they would be. Cultures aren't equal. If you disagree, then how do you feel about death penalty for homosexuality in countries like Saudi Arabia or Iran? It's their culture…

The problem with doing this in an adversarial online setting is that it's often used as a trick to make someone admit to some position that's 'close' to the original, and then spin…

>And at the bottom of it all, one of the first dominos to tumble, was a company called 3 Arrows Capital, which promised to generate revenue by buying crypto-dickbutt NFTS... and th…