hal9000xp
Joined 12 years ago
Karma
1,458
Submissions
221
Member since
May 6
Creator of E(u)clid.
See GitHub for the same username.
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Comment · 8 years ago
You can read why I strongly believe in cryptocurrencies based on my life experience (which has nothing do to with crypto):
https://news.ycombinator.com/item?id=16197475
I think HN went pretty much to the left, if not far-left. HN readers are pretty much on the side of Paul Krugman, Thomas Piketty's world view.
I'm on the side Milton Friedman, Paul Graham's world view.
The left consider what I believe as total shit and at the same time call me intolerant. And this irritates me a lot. There is no way of being in peace with left without being submissive or self-censoring. And I don't want to be either.
> I believe that this cryptocurrency you mentioned is probably fraudulous
So do you believe YCombinator promotes fraud? Because cryptocurrency I mentioned was on blog.ycombinator.com.
Comment · 8 years ago
I don’t live in US. While I understand what’s real offense (including disrespectful jokes), I have concern about “guilty till proven innocent”.
If I’m attracted to someone and I want to date. How you can ask to go out without risk of being accused of sexual harassment?
This is not sarcastic question. This is especially important if you as a male is not very good at reading subtle social cues.
P.S. I really don't see why it got downvoted. There is no hidden message here.
Comment · 8 years ago
Thanks for mentioning DAI.
I mentioned DAI today in comment and essentially got banned for doing it.
In comment I provided link to interview with Olaf on blog.ycombinator.com where MakerDAO was mentioned.
So I got banned as spammer in HN for providing link to blog on YC.
It tells a lot about the level of average HN reader.
Comment · 8 years ago
As tensions with USDT rise, my prediction is that MakerDAO decentralized stablecoin will take over the market in 2019. You can see how issued DAI market cap pumping up steadily all year long almost with no break:
So I'm accumulating position in MKR.
Here is YC interview with backer of MakerDAO:
https://blog.ycombinator.com/blockchain-investing-with-olaf-...
Andressen Horrowitz also increasing their position in MKR:
https://medium.com/makerdao/a16z-crypto-purchases-6-of-mkr-b...
https://medium.com/makerdao/maker-sells-12m-of-mkr-to-partne...
Although there are some concerns that it's economically impossible to create fully decentralized stablecoin. Historical example:
https://en.wikipedia.org/wiki/Black_Wednesday
Failed stablecoin example:
https://coinmarketcap.com/currencies/nubits/
We will see as time goes on. Anyway, it's very interesting economic experiment.
P.S. So YC HN readers keep downvoting me even if I give links to interview on YC. Okay...
Comment · 8 years ago
Usually, people who trade smarter than those who vote. So stock market is constant voting machine for expected future earnings, it's fair to say that indexes provide pretty accurate overview of economy.
With that in mind, if you look at SPY (US) and compare it with EWI (Italy) and EWP (Spain), you will see that Italy and Spain are not going anywhere since 2008 and US at that time made huge progress.
https://www.marketwatch.com/investing/fund/spy
https://www.marketwatch.com/investing/fund/ewi
https://www.marketwatch.com/investing/fund/ewp
Now, take a look at GDP of US:
https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&...
And compare it with sad picture of Italy and Spain and Greece:
https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&...
US has populists but their debt denominated in their own currency and on top of that US economy is very diverse and strong. US is much more business friendly than Italy, Spain and Greece. And their debt denominated in currency they can't print.
If you are anti-business and pro-welfare, then your business won't flourish and at the same time you will accumulate huge debt.