Peeps by @ButtSparks69
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In politics it's not turtles all the way down, it's lies all the way down.
Wisdom is not correlated to technology, but technology is correlated to existential risk. This seems to be a rather large problem.
AOC and Trump were both elected for all the same core reasons.
Replying to @ButtSparks69 (0xcb0a036341cb1f4ea1a5a1da4afee648f32edf82)
The "Washington National Football Team" is clearly half-assing it. They removed the racial slur part of their name, but decided to keep the racist slave owner part. SMH.
For that matter, Washington State, I'm looking at you o_o
The "Washington National Football Team" is clearly half-assing it. They removed the racial slur part of their name, but decided to keep the racist slave owner part. SMH.
Idea: Split all arguments you come across into two categories. Those which clearly Steelman the opposition, and those which do not. The former deserve at least 1 order of magnitude more of your attention than the latter.
Both sin and pigovian taxes seem to contain an element of moral hazard for the government that implements them, as it ties a governments sustenance to the very thing it is trying to discourage. What's a better system?
All real-life exponential functions are, at most, the first part of a sigmoid (s-shaped curve). e.g. a culture in a petri dish.
Replying to @ButtSparks69 (0xcb0a036341cb1f4ea1a5a1da4afee648f32edf82)
E.g. the revenue (block rwd + tx fee) for finding BTC block must aprox. equal the $ cost to mine it over the long term due to financial incentives. Assume 3tx/s, 10min blocks, and future 0BTC block rwd, the ave BTC fee would need to be $11 to support BTC at 20K USD (20K/3/10/60)
Assumptions I've identified in this thought experiment:
1) BTC devs won't get their s*** together enough to meaningfully increase tx throughput. Agree this is at least /somewhat/ debatable.
2) ETH (or a similar competitor) gets majority of BTCs transactions ported onto it.
Replying to @ButtSparks69 (0xcb0a036341cb1f4ea1a5a1da4afee648f32edf82)
Thought experiment: If the possible future plays out such that BTC transactions on the ETH chain (WBTC) are more secure and far cheaper to send, then what happens after block rewards end? There will be no transactions on and no incentive to secure the BTC network. Am I wrong?
E.g. the revenue (block rwd + tx fee) for finding BTC block must aprox. equal the $ cost to mine it over the long term due to financial incentives. Assume 3tx/s, 10min blocks, and future 0BTC block rwd, the ave BTC fee would need to be $11 to support BTC at 20K USD (20K/3/10/60)
With great information, comes great noise. Looking for better sources of news, any recommendations?
Thought experiment: If the possible future plays out such that BTC transactions on the ETH chain (WBTC) are more secure and far cheaper to send, then what happens after block rewards end? There will be no transactions on and no incentive to secure the BTC network. Am I wrong?
Inflation taxes you even if you just hold stocks. If you have 100 shares of a company, and the whole economy inflates 10X, then you have to pay capitol gains taxes on the 9X increase when you cash out, but that increase didn't gain you any additional buying power.
In a world with static money supply, the natural rate of inflation is highly negative due to tech + pop growth. This means that 2% inflation doesn't tax your buying power by 2% every year, it taxes it at 2% + tech growth + pop growth every year. Now how reasonable does 2% sound?
The problem with Wikipedia is that there's a citation for every opinion.