881–890 of 1001 posts
Howdy HN, as some of you may know from previous comments of mine, I’m always on the hunt for swag from dead companies (Lehman Brothers letterhead, Theranos shirts, Clinkle phone case, Enron desk art, et al). The more fraudulent the collapse, the more interested I am. I’d love to get ahead of the ball on this one so if anyone here has any, and I mean any, FTX swag you somehow have picked up over the years, I’m a very…
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I actually really like the idea of not needing to rely on trust so much. Needing to rely on trust is a big problem that Bitcoin solves. There's no single Bitcoin Chair than can tweak the policy or supply of Bitcoin that you have to trust. No congress or president that can change the rules of the Bitcoin game that you have to trust. Bitcoin is impossible to forge, no trust that someone is handing you real money needed…
Literally none of this is true: > Needing to rely on trust is a big problem that Bitcoin solves. No, it doesn't. As soon as anything is external to the Bitcoin network, you now require trust. This is so well-known it has a name: the oracle problem [1]. Crypto Andys, of course, just double-down and say we need more crypto. Just like libertarians who when confronted with the problems of lack of regulation they will arg…
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I made a comment on that video elsewhere. It’s pretty clear they were way out of their league in more ways than one. They’re the type of people that are too smart for their own good where they can’t even see how idiotic they’re being. Or maybe they’re just spoiled. Or maybe they just think they’re smart. It’s interesting to me that Jane Street prides themselves on their hiring process, but they apparently hire folks…
I agree, it reflects VERY poorly on Jane Street. They like to give the impression they hire Ultra Mega Geniuses who have done the IMO (who cares if you did the IMO at age 17...?)
Anecdata,
I've studied along guys/gals who've done IMO, also had them as co-workers at other times, they have never performed well.
I really like Linus' saying "talk is cheap, show me the code". These people can make a thousand arguments about why something should/shouldn't work (but never write code), then you show up with working code and they don't have much else to say.
Dumb question: so if you stored digital assets in a FTX wallet, does that mean you just lost all of your $$$? If so, wow'zer.
Based on previous exchange bankruptcies, you're now a creditor: so you'll get something at some time , but not a lot and not soon. (Did the mtgox payout happen yet?)
Howdy HN, as some of you may know from previous comments of mine, I’m always on the hunt for swag from dead companies (Lehman Brothers letterhead, Theranos shirts, Clinkle phone case, Enron desk art, et al). The more fraudulent the collapse, the more interested I am. I’d love to get ahead of the ball on this one so if anyone here has any, and I mean any, FTX swag you somehow have picked up over the years, I’m a very…
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> Can anyone speculate what Bankman-Fried's exit plan was? I can speculate based on recently revealed facts. SBF did grease politicians to the tune of 40 million USD in political donations. Several have described these donations as: "bribes" (I'll let you judge). (as a sidenote I wonder if these politicians are going to give these donations back to the people SBF scammed). A US congressman, as reported here several t…
This is all very interesting. I am also starting to wonder whether CZ had a good idea this would happen because maybe Binance is structured similarly. Basically - is Binance solvent? I don’t know.
I'm actually confident that he's running a real business there, because that's the smart thing to do.
1: CZ literally destroyed FTX with a tweet.
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How would they be able to stop people making deposits?
By no more accepting deposits?
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Fast, cheap money transfer (theoretically) not requiring trust in any middle man, cutting out bank's control, i.e. "digital cash". I don't know if it's revolutionary, but it has a lot of potential and is great when it works.
I can transfer money for free and it gets instantaneously deposited in the other bank account. You list many things (middle man, bank's control) but don't list any reasons why these are bad. You also say it has potential, but don't provide any example such potential. IMO there is one saving grace of cryptocurrencies, but ultimately this is also the reason why they simply won't be accepted: they are temporarily out of…
Banks controlling who gets to participate in sending and receiving payments is obviously bad in my opinion. Being able to participate in the economy is fundamentally important. The government cannot outlaw a legal business, but banks and payment providers can do it for them. That doesn't bother anyone that buys a pop album off Amazon, but that's a different issue if you want to sell porn or drugs or whatever US morals have issues with and just get cut off from payments, so that your willing customers cannot pay you. When that happens, people get out the old "it's a private company, you have no right to their platform"-spiel and crypto-currencies solve that.
Crypto-currencies are to finance what the fediverse is to social media. They have shortcomings, in a perfect world we wouldn't have any need for them, but they fill a niche in the real world we inhabit.
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And with Meta you can live your wildest illegal dreams without risks! See? The metaverse isn't useless after all.
That's an interesting take. Probably wouldn't happen though, the argument being that illegal dreams taking place in the metaverse would contagiously spread to the unmetaverse.
Howdy HN, as some of you may know from previous comments of mine, I’m always on the hunt for swag from dead companies (Lehman Brothers letterhead, Theranos shirts, Clinkle phone case, Enron desk art, et al). The more fraudulent the collapse, the more interested I am. I’d love to get ahead of the ball on this one so if anyone here has any, and I mean any, FTX swag you somehow have picked up over the years, I’m a very…