81–90 of 123 posts
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Show me something Goldman has done that wasn't for the return %.
That's not what I argued and you are misrepresenting my point. My argument is that, at least sometimes, Goldman invests in positive-sum trades which make the world better off, even if they extract too much for themselves in fees and leverage. By contrast, the various investments A16Z makes are negative-sum and only manage to make the world worse.
And as if to sprinkle salt on the wounds, the Supreme court today allowed unlimited spending by political parties 'in coordination with allied interests(read the money class)' https://news.ycombinator.com/item?id=48734220 Moneyed interests have always jockeyed for power, but earlier they were held somewhat in check by Congress which had to listen somewhat to voters. With Citizens united in 2010 and corporate media dr…
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We know that it is much, much worse than the banks.
From a privacy and freedom perspective, crypto in general is a big improvement on banks. Monero is the perfected implementation of cryptocurrency. Banks hold your funds, lock you out of accounts, file reports on you, share every transaction with the government, scam you in interest, ask you what your using your money for, require invasive services to use their apps, require invasive biometrics, hoard your identity da…
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if you're in with the fascists they are the most liberty-oriented party. you can do whatever you want, entirely without regard to the law.
But this has never been true. Lots of valuable, productive, and loyal Nazis ended up in political prisoner camps. Because that kind of kleptocracy runs on constantly fighting factions and incentives and selfishness. The core belief is selling someone else down the river because you can.
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It's not hard to figure out, the fascists have been more explicitly welcoming to crypto freedom or at least put themselves out there to solicit that vote even if you claim their underlying policies aren't. Trump offered the freedom of Ross Ulbricht at the libertarian convention, did Kamala come to the libertarian convention and offer anything?
> Trump offered the freedom of Ross Ulbricht at the libertarian convention Libertarianism is when you can buy your way out of criminal convictions?
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From a privacy and freedom perspective, crypto in general is a big improvement on banks. Monero is the perfected implementation of cryptocurrency. Banks hold your funds, lock you out of accounts, file reports on you, share every transaction with the government, scam you in interest, ask you what your using your money for, require invasive services to use their apps, require invasive biometrics, hoard your identity da…
I'll pick one incorrect claim out of many: Public ledger systems have no privacy at all, by design. You can hope nobody knows which wallet is yours, but that's not serious privacy. Today that's not even really hide-it-from-your-kid-brother privacy.
What are the other errors in my critique of banks?
Will you explain how Monero is worse than banks?
The fact that political spending is considered free speech in the US gives the rich and already powerful massive sway in the political system, it is basically tiled hard towards them. And then combined with how PACs hide their funding behind names like "Everyday Americans Making the World Better" when really it just wants to lessen online gambling laws for a billion dollar company, is just brutal. US politics is a dy…
The decision to allow unlimited political donations in 2010 was certainly one of the worst decisions in the history of the Supreme Court. Care to guess who was behind it? Roberts, Thomas, and Alito. The same corrupt assholes who continue to fuck this country every single time they get the opportunity.
I wonder if an incoming next president can order those three to be jailed in an undisclosed offshore prison for "obvious corruption and abuse of power" and claim presidential immunity in the lawsuit that would follow, as it was clearly an official act of the presidency for which the illegal order was given.
They have given that power to the president, it seems?
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If you back fascists to promote crypto, your values are fucked.
It's no wonder the fascists won the "libertarian" crypto vote when the message you and sister have for the comments as your campaign slogan to those voters is "your values are fucked" and "at least we're not the guy who showed up and offered you something." Did you think "your values are fucked" is actually persuasive at garnering votes?
It is not my nor anyone else's job, including Kamala's for that matter, to coddle your sweet little fee fees about wanting your fake power-wasting money to work. It is especially not anyone's job to tolerate socially corrosive viewpoints like fascism to indulge your ponzi scheme. Full stop.
It's also well documented that fascists will happily enable and cosign the efforts of whatever their chosen right people are to steal money on industrial scales from everyone else, so they were always going to support crypto. Completely foregone conclusion and to be honest, I'd bet money that a notable amount of crypto figures did in fact know that and voted accordingly for the party that was prepared to let them get away with financial crimes, as they have done before, here and elsewhere.
If you're so offended at the notion of someone saying your values are fucked, respectfully, un-fuck your values and then I won't have to say it anymore.