61–70 of 924 posts
I think most sensible people had figured this out already. The people that don't and honestly believe everything will be fixed by a DAO or whatever... they're beyond reason.
EDIT: I am apparently too disconnected from the crypto crowd. Or depending on how you look at it, appropriately disconnected.
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>If you think about it, humanity really is getting better and better over time. That is such a vague statement it is essentially meaningless. Better how? How is it not better? What do you mean by humanity? How is your life better? How is it worse?
On average, middle class and below lives longer and more confortable than in the previous thousands of years.
Society, once you look at inputs and outputs, is predicated on "the masses" abdicating intellectual responsibility to leaders who leverage them for their own benefit. This has happened since before recorded history. It is codified into our mainstream spiritual ethos. We glorify it every day by simply perpetuating the system we exist in.
If history is any evidence, things will always continue to get worse in this part of the cycle, then we will experience a collapse and rebuilding period.
I don't have half of these problems. I have run services for $6,000/year on bare metal servers that would have cost $240,000/year on AWS at the time.
Likely the author is unwilling to make another compromise, because they already weighed their options and arrived at these which are the least bad thing they could choose; or maybe they just don't even see there are other options.
A minor point but > Okay, great. Now skip paying your AWS bill for a few months. If you ran your database locally and with multiple reundant power sources, it wouldn't have this problem. That's of course a bad idea, however it shows it's not impossible to do it without a single point of failure.
Maybe if you set up on an abandoned oil platform and called it Freedomtopia, but that only lasts until your own money runs out and your equipment breaks down.
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You're merely documenting how current regulations are inefficient at catching current abuses. With proper regulations, these kind of abuses could be mostly prevented. With anti-regulation sentiment permeating government and politics right now, this becomes much, much more difficult. People will use the failure of antiquated regulations that need to be updated as justification for removing or kneecapping them, because…
Anti-regulation != anti-government. I am okay with regulation and being regulated, but I absolutely am not okay with any of our existing governments having any part of that process. Revolution does not require anarchy as an outcome; indeed, my preference simply would be to install better governance. Turning the law into a set of constantly shift sands would make it impossible to do business, because that could end up…
That sounds like the opposite of a risk to me. https://en.wikipedia.org/wiki/Risk
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>If you think about it, humanity really is getting better and better over time. That is such a vague statement it is essentially meaningless. Better how? How is it not better? What do you mean by humanity? How is your life better? How is it worse?
By every measurable metric, Humanity has gotten better. Longer lifespan, lower child mortality, better education, easier access to basic life neccessities and goods, (ironic to say at this time but yes even) better health, etc etc etc. We live in an age where every problem is weaponised and we are hyperaware of the problems now so that we don't see all the progrees that is done. https://www.openculture.com/2020/05/16…
Every measurable metric? How about median wealth? How about levels of debt? How about job satisfaction? How about median income per household? Per person? How about access to healthcare and cost? How about suicide rates? How about drug overdose rates? How about corruption? How about cost of higher education? How about homelessness? I mean cmon, you're looking at thing with rose colored glasses.
All of the current histrionics that we hear from DeFi advocates regarding escaping the evil centralized Banks and Regulators and what not -- you know what they remind me of? They remind me of what I hear from junior developers when they're tasked with fixing an antiquated, broken software system. These developers typically lack the experience and the patience necessary to fix the system incrementally from within, so…
I strongly believe that money itself has been corrupted lately, this then causes all number of bad flow on effects to happen. A massive shift happened when central banks started getting involved in direct purchases of various asset types and we started to see a major distortion happen in monetary policy that which has distorted the functioning of money itself. For example who would care if their business is completel…
You're merely documenting how current regulations are inefficient at catching current abuses. With proper regulations, these kind of abuses could be mostly prevented. With anti-regulation sentiment permeating government and politics right now, this becomes much, much more difficult. People will use the failure of antiquated regulations that need to be updated as justification for removing or kneecapping them, because…
But this is exactly the "we need fewer regulations" approach, implemented sanely.