earthtolazlo

It’s wash trading to be exact, but that’s not really the point. The crypto markets as a whole have strong pyramid/ponzi scheme elements where most people are buying useless tokens with the sole intention of later selling them for a higher price to someone else. Not to mention obvious Ponzi schemes like Tether that provide much of the fake liquidity that feeds this mania.

By 2140.

I had the most success using Dragonfly with the Kaldi engine, which handles the heavy lifting of speech recognition and provides a nice API on top of xdotool for desktop interaction. You can also check out Talon, although I think its Linux support is still somewhat experimental.

I’ve only ever used Windows and Linux so I couldn’t say for sure, but my impression is that it’s pretty good. Talon or Dragonfly with the Kaldi backend handle speech recognition and provide nice Python APIs for controlling the keyboard, mouse, windows etc.

As someone with RSI who uses speech recognition to control most software on my desktop, X11 -> Wayland has been a massive roadblock. Ad-infested Windows isn’t great, but at least it doesn’t feel like I’m fighting any devs just to be able to use my computer in an accessible manner.

The federal government should have shut down Tether years ago. At this point, Tether growing its tendrils into the real economy and becoming a systemic risk almost feels like an inevitability. Madoff 2.0, but even more obviously fraudulent.

That seems like a reasonable assessment of the situation. I don’t know what it is with HN and absurd contrarian takes.

Proof of work makes me angry. I have a difficult time getting too upset over any attempt to curtail it.

Cryptocurrency enthusiasts talk endlessly about the virtues of decentralization, immutable transactions, “code is law” etc, but when they lose their keys or get scammed, it’s always some big, centralized entity that is apparently responsible for making them whole.

If nothing else, the absurd mining costs constantly pulls fiat out of the cryptocurrency markets. Tether has been able to keep things afloat (4 billion USDT printed in April so far), but it’s only a matter of time before everything collapses under its own weight.

Given the massive negative externalities and lack of widespread adoption beyond speculation and crime after more than ten years, I think that snark is a reasonable default response to any cryptocurrency-related news.

As far as I can tell, any defi project that isn’t an outright scam is just providing credit to people to speculate on cryptocurrencies. I’d be curious to see any counter examples. Otherwise it’s just turtles all the way down.

The business case is that people will buy their tokens/invest on their platform which will increase in value which will cause more people to buy in etc. If you look closely enough just about every successful blockchain project is a ponzi scheme on some level.

That was the number provided by Bitfinex’s lawyers at a time when there were about 20 billion fewer Tethers in existence. I’d be shocked if it was over 10%. But since they won’t do an audit, we’ll only find out after everything collapses.