throwdecro

Does that $65K represent a trade against USD or a trade against Tether?

Being somewhat generous, I don't think it's because they didn't understand the probabilities, it's because they didn't think about the impact of what they were doing at all, beyond the problem they needed to solve.

I.e., the only thing they were considering was whether the number entered at the start of the test would show up in the right places at the other end of their system. They simply didn't consider that an actual phone would be shut off along the way.

Does R2 have fewer expensive footguns than AWS?

I wish they'd offer to remove the touchbar from the laptop I have.

> Your machine has excellent resale value, because it's a Mac.

If the laptop is from Apple's garbage era of 2016-2019 who would pay good money for it? Macs don't unconditionally have excellent resale value, the resale value depends on the quality of the item.

Sure, but anyone holding that much wealth could expect some kind of "advanced persistent threat" working against them to either destroy all of the backups, or transfer the coins to /dev/null after extracting any passcode from the owner. The keys and anyone that knew how to use them would need a high level of physical security. The "costly militarized facilities" would still be necessary, contrary to the author's statement.

> Who does it now?

France sent a warship to escort its gold from the US to France. Wasn't free, probably wasn't cheap.

> Which is widely available and effectively free

What? Who is going to fight off people trying to obtain or destroy that USB drive to increase the value of their own holdings (i.e. speed up deflation by reducing available bitcoin), or extract the passcode from its owner, for free?

EDIT: I realize this is the plot of Goldfinger, but the author did invoke Fort Knox, and the strategy of destroying stores of value to increase the worth of your own stash makes sense.

Who actually wants this? I don't want to stare at digital copies of people I'm trying to communicate with, whilst trapped in a digital maze designed by someone trying to keep me engaged. If the "digital twin" is exactly the same, there's no point, and if it's not exactly the same, it's just weird (i.e. "uncanny").

This "metaverse" is some kind of deranged trap. Social media is a hellscape of misunderstanding and conflict already. A further layer of indirection and reduction in "humanness", in the form of "cartoonifying" everyone, is going to further erode society's foundations.

There's a difference between "software developers" and "FAANG software developer" though, which is a source of great cognitive dissonance when people see that industry averages are only slightly above $100k/year but FAANG compensation is like 3-4 times that for basic engineering work.

Both are paid a premium, but FAANG is paid a massive premium, and there isn't much precedent for collecting that massive premium continuously for 30 years.

EDIT: Actually in that spreadsheet I would argue that the $250K compensation is too low, the 10% return on investment is too high, and the 30 year timeframe is not sustainable.