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ehrtt

74 karma · joined December 31, 2013

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ehrtt··on Facebook plans cryptocurrency debut
The Transferwise borderless account is pretty good, at least I much prefer it to Revolut - since SEPA transfers happen same day, the app is better and the debit card is free.
ehrtt··on Facebook plans cryptocurrency debut
And FBcoin won't make it any easier, capital controls in India and China won't just go away (not that FB is even allowed in China). Centralized entities will be regulated to maintain the status quo.
ehrtt··on Assange Indicted Under Espionage Act, Raising First Amendment Issues
He chose to go to Ecuador, once the US plans became obvious to them.
ehrtt··on Apple introduces 8-core MacBook Pro
12" MacBook hasn't been updated in 2 years.
ehrtt··on Crypto Market Roiled by New Allegations Against Tether, Bitfinex
Not true. You can trade USDT for USD on Kraken.
ehrtt··on Julian Assange arrested in London
> He may have committed some heinous crimes outside of the actual hacking/leaking

Pretty serious throwaway comment without stating what "heinous crimes" were apparently committed..

ehrtt··on Bitcoin ETF research finds that 95% of Bitcoin volume is fake
It's not.
ehrtt··on LHCb discovers matter-antimatter asymmetry in charm quarks
"The result is consistent with, although at the upper end of,SM expectations" (https://cds.cern.ch/record/2668357/files/LHCb-PAPER-2019-006...)
ehrtt··on Bye, Bye, Google
Brave stole a lot of bitcoin from people by converting it into their useless/worthless BAT.
ehrtt··on German town votes ‘No’ to street names
You're going to love Japan.
ehrtt··on Apple Entrepreneur Camp
Such an efficient way to boost flagging iphone revenues. Get other people to do the work and rent seek through your walled garden.
ehrtt··on Richard Stallman: We Can Do Better Than Bitcoin
I think you missed the onion routing part. The route is determined by the sender, forwarding nodes only know who they received from and who to forward to, as with TOR.
ehrtt··on Millennial Men Leave Perplexing Hole in Hot U.S. Job Market
Yeah, but there are two sides to that (voluntary) transaction. The person bidding for labor and the person offering their labor. If the buyer and seller can't agree then the transaction doesn't take place. The value of the labor is subjective.
ehrtt··on Millennial Men Leave Perplexing Hole in Hot U.S. Job Market
> You're worth what the market is willing to offer you, not what you think you are worth.

This is an absurd statement, the market is not a god. It does not have a value system.

ehrtt··on Coinbase is launching support for the USDC stablecoin
What you're talking about is investing+speculating, not saving. By the same logic investing in the S&P500 over the 1999-2009 decade would have been worse than cash. You save money, you invest/speculate to earn a return -- which requires taking on downside risk.
ehrtt··on Coinbase is launching support for the USDC stablecoin
If no one has even heard of them, how could their prices possibly matter to anyone.
ehrtt··on Coinbase is launching support for the USDC stablecoin
What will Coinbase do if there is a contentious hard-fork of the Ethereum chain and different USDC supporting exchanges decide to follow different forks?
ehrtt··on Blockchain isn't about democracy and decentralisation – it's about greed
Lots of people (millions) share the same wallets (technically addresses), as they hold coins on exchanges. The richest bitcoin addresses are the cold storage for the exchanges.

https://bitinfocharts.com/top-100-richest-bitcoin-addresses....

ehrtt··on Blockchain isn't about democracy and decentralisation – it's about greed
> Gini coefficient of 1.0 means that a single person controls 100% of a country’s income/wealth, North Korea scores 0.86, the rather unequal United States scores 0.41 and bitcoin scores an astonishing 0.88.

This was a bizarre section, and I wanted to make some points about it:

1) The distribution of bitcoins among individuals is not known, any claim to the contrary is false. If you want to make estimates, include the massive uncertainties.

2) Assets do not have Gini coefficients, groups of people do. The distributions of helicopters or Google stock are also very unequal. If you care about wealth inequality among crypto hodlers you should measure that. Conflating the distribution of an asset with the distribution of wealth seems meant to confuse.

3) When bitcoins had 0 value they were much more unequally distributed than now. People starting to value them is the mechanism by which they get distributed. The process is gradual. The more people value them, the more value they accrue.

ehrtt··on Apple's Proprietary Software Locks Kill Independent Repair on New MacBook Pros
It is the case for the 13-inch ones.
ehrtt··on Apple's Proprietary Software Locks Kill Independent Repair on New MacBook Pros
The RAM is soldered on.
ehrtt··on The Tyranny of the U.S. Dollar
There were a series of interviews I listened to a while back that form a nice primer for understanding the eurodollar system:

https://www.macrovoices.com/edu

ehrtt··on New Zealand travellers refusing digital search now face $5k Customs fine
Let me ask you this hypothetical question instead: What if we have a "brain encryption" technology that allows encrypting your brain so that brain scanners, thought detecting methods or emotion detectors cannot see through it?

Would customs be allowed to ask for the decryption key? Or should the customs just ignore whatever is encrypted inside?

ehrtt··on ‘Five Eyes’ Nations Quietly Demand Government Access to Encrypted Data
Resting on a massive assumption.. so really the opposite of solid math.
ehrtt··on Bitcoin's Use in Commerce Keeps Falling
..because in this thought experiment it's guaranteed to be deflationary...
ehrtt··on My Life in Pens (2009)
So not to get completely crazy here but about 5 years ago I settled on the Leuchtturm1917 medium, dot grid, softcover notebook + the Pilot Better Retractable ballpoint pen (black, 30000). It's a nice place to be if you want to consider a finer point and a freer page.
ehrtt··on Bitcoin, Ether Sink as ‘Sense of Panic’ Grips Crypto Investors
Security against double spends.
ehrtt··on The fightback against the Bitcoin energy guzzlers has begun
Hmm, but also [inserts mindless platitude]
ehrtt··on The fightback against the Bitcoin energy guzzlers has begun
Not worth it to you. Just like your trip to Thailand is a waste of finite resources as far as I'm concerned. Who gets to decide, these things are subjective. That's why we use markets to allocate resources.
ehrtt··on Vitalik Buterin on Cryptoeconomics and Markets in Everything
He started Bitcoin Magazine when he was 18, I think.
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