311–320 of 377 posts
>Cryptocurrencies add nothing useful to society I wonder what kind of society Nvidia wants? Crypto (some of it) offers a freedom to buy and spend that is not corporately regulated. Some crypto brings huge investment in energy production; Green where the society structures it to be, not green where the society structures it not to be. Did they think gaming brought more value to society? Its nice that AI will 'reinvent…
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So what you're saying is that we need a front-end layer with content-addressable hashes? Like Beaker Browser with Dat, or like IPFS gateways? And then we have a truly decentralized ecosystem in which billions of dollars are invested and trading. And no one owns it! They can't introduce a 100% fee or deactivate their contracts. I read the code. It is impossible.
Yes. I said in my first comment that you can use other tools to access smart contracts. My point is, all of these tools have central leadership and centralized auxiliary services (DNS, discord, etc). Without the centralized leadership or centralized services, these protocols can’t function.
As I said there needs fo be a front end that is based on DHT. Freenet. Beaker Browser. IPFS. Why not?
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I am aware, and that is indeed very bad, but do you realize how irrelevant that is?
Irrelevant to a response regarding both the importance of human rights and the spread of syphilis? I can't imagine an instance where it would be more relevant, I'd be interested to hear why it's not though.
What you're throwing into the mix is a suspension of human rights for... unethical research? Failing to see the distinction is really not something I can help you with.
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> A Ponzi scheme pays profits to earlier investors with funds from more recent investors. You just described how Social Security in the USA is funded. Its billed as government-run social insurance, but funded as a ponzi.
1. "Profits" is a relevant keyword there. 2. If Social Security were to fail, the US government would be free to decide between canning it (or reducing it) or funding it from more taxes (or delaying retirement age, which is kinda both); in none of these cases is this itself going to threaten the USA economy or the USD currency.
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The story of 'dollar backed by petrol' is fiction. Petrodollar exists as much as a corndollar exists. The dollar is US Treasury debt.
If I follow your train of logic, why does Russia carry USD reserves?
Central banks often carry reserves of various currencies to help with those international settlements and to manipulate currency values.
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“Search isn’t a business!” Blockchain and Web3 ended up mostly being zero sum games. But that doesn’t mean it’s not capable of being so much more. Who remembers the silly and tags? The Web has come a long way. And personally, for all its faults, I find Web3 better than Web2 in terms of economics - rather than giant server farms and Big Tech monopolies, we have UniSwap and Aave Marketplace and Filecoin etc. The networ…
> But that doesn’t mean it’s not capable of being so much more. No, the enormous amount of wasted investment and energy with no progress means that it's not capable of being much more. Crypto somehow managed to start at its best and most productive, and got worse day by day. Buying pizzas or drugs with Bitcoin was so much funner than what crypto developed into.
Just to pick one random thing from this month: https://www.coindesk.com/tech/2023/03/01/ethereum-activates-...
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are you trying to tell me that the world’s second largest economy banning cryptocurrency had no real impact on demand for cryptocurrency?
I wasn't referring to the demand for units of cryptocurrency on particular networks. I was referring to actual industry, i.e. the companies that are researching, improving, and selling the technology itself.
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Irrelevant to a response regarding both the importance of human rights and the spread of syphilis? I can't imagine an instance where it would be more relevant, I'd be interested to hear why it's not though.
The topic of discussion is the limits on human rights that can reasonably arise to protect the public from real harm. What you're throwing into the mix is a suspension of human rights for... unethical research? Failing to see the distinction is really not something I can help you with.
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If I follow your train of logic, why does Russia carry USD reserves?
Currencies are used to facilitate settlement of international trade. Trade in various goods and services. Central banks often carry reserves of various currencies to help with those international settlements and to manipulate currency values.
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> Neither does the P/E ratio of a company, yet it's still a fundamental used to value stocks. Earnings is used to create a valuation of a stock. Price-to-earnings is the result. As a company's earnings increase, the stock's value increases. As a country's earnings increase, there is no similar correlation with its currency. > Relative to which other currencies? Relative to a standard basket of goods.
> Earnings is used to create a valuation of a stock Is it? Many times stocks perform well at earnings and shareholders still put on a fit and downvote its price. Conversely, they often upvote its price based on some PR hype instead of actual earnings.
> Many times stocks perform well at earnings and shareholders still put on a fit and downvote its price.
Price fluctuations at earnings calls are due to relative earnings expectations, not the absolute value of the earnings itself. Such stock revaluation is due to investors suddenly having more accurate earnings figures to price into their valuation.
> Conversely, they often upvote its price based on some PR hype instead of actual earnings.
"PR hype" pumps represent increased market expectations of actual future earnings, however tenuous those expectations may be.