RamshackleJ
Joined 11 years ago
Karma
311
Submissions
96
Member since
Jun 4
Recent submissions
Comment · 2 months ago
Thanks but I'd much rather spend 20x on inference to compensate for not knowing how to evaluate my own system.
Comment · 3 years ago
https://www.ibm.com/investor/att/pdf/IBM-2Q23-Earnings-Press... IBM is getting killed in infrastructure, their margins look to be growing but losing ~15% of their revenue y/y. This seems like them just gouging the last of the customers who are either unwilling or unable to leave.
for context during the same period AWS grew 12% y/y.
Comment · 5 years ago
nope, transactions clear at a rate unrelated to mining(so long as at least 1 person is mining).
The only thing that impacts transaction costs is how many other people are trying to clear their own transactions and bidding up the sat/vbyte rate.
Comment · 5 years ago
Inflation is easy to fix, default on your debt and stop printing to service that debt.
Comment · 5 years ago
also the basket of goods is mostly impacted significantly by technology which causes deflation.
it doesn't include things that don't have acute tech-driven inflation (housing/education/healthcare) where tech can't drive prices to zero as easily.
Comment · 5 years ago
most people globally do hold most of their savings in cash, many people are unbanked and physical currency is the only way they have to preserve wealth.
Comment · 5 years ago
you never had to worry about ransomware back when we used clay tablets for accounting.
Comment · 5 years ago
sure, if you think the US government is united against bitcoin and willing to step on the civil liberties afforded the ~30 million US citizens who own it.
but.... I really don't think either of those things is true. You should talk to people in the state dept or DoD and pay less attention to FED/Treasury. The current USD global reserve status quo isn't always great for the US gov.
Comment · 5 years ago
so you're saying a black swan event might affect the price? gee well Im glad that doesn't currently happen with USD, CNY, JPY....
you can also use bitcoin like a physical bearer asset (gold bullion) by using things like https://opendime.com/ so even if the network was 100% down transactions could still happen IRL. You'd just be exchanging a hidden private key that can move UTXO's on the blockchain.
considering that I'd say bitcoin is much more anti-fragile than a bank statement, in most of the natural disasters you're talking about im not so sure banks will be letting you withdraw any significant amount of $
Comment · 5 years ago
anyone throwing those critics at bitcoin needs to provide criteria for when their critic is no longer valid.
They need to provide: - vol metric thresholds - price targets - adoption % - etc...
We've had over 10 years of shifting the goalposts with bitcoin. At this point it's starting to sound like denial. Every meaningful metric has continued to improve in bitcoins favor yet we keep hearing the same critics.
Comment · 5 years ago
Changing it from one invasive species dominated ecology to a different invasive species dominated ecology.
at least the new invasive ecology has clean water.
Comment · 5 years ago
wrong. The great lakes has been an ecological experiment since the St. Lawrence seaway was opened and continued to be that when the Chicago river was reversed.
There are almost no "native" species left in any of the lakes (excluding superior).
If you want sustainable native great lakes ecology you need to cut them off from the oceans, re-reverse the flow of the Chicago and do a one-off massive trout and other native fish stocking. None of that is ever going to happen so until then we can keep experimenting with ecology and in that case Zebra muscles is much better than massive population booms and busts of alewives or other invasive fish species (Salmon were originally introduced to help keep the alewife population down)
Comment · 5 years ago
2021, the year when shitcoins, scamcoins and ponzicoins have their comeuppance.