Viewing profile — zmaurelius

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 verif…

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.

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.

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 …

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.…

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.

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…

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 buc…

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.

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 in…

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…

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…

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 …

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 caba…

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…

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.

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…

Holding a large amount of cryptocurrency without multiple backups spread around various geographical locations is foolish. So ultimately to store cryptocurrency securely, its never…

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 f…

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 themselv…

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 techn…

Thanks for sharing this, I had no idea it was already this prevalent.

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 i…