142 karma · joined July 22, 2011
Interests: AI/ML, Entrepreneurship, Programming, Remote Work, Startups, Web Development, Philosophy, Investment, Fitness, Data Science
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2. You don’t have to join the team and just observer the status quo, especially in an under performing team. I see a Sr Staff Eng as a leadership role- shatter the status quo and reform it to be a high performing team.
Take the bull by the horns.
Edit: This will do more for your career than any team or product you can produce.
Something just never felt right about the client building the queries for me, I guess.
I disagree that I am being dishonest. I stand by the fact that the money is stolen. Bank rescues are financed through the monetisation of government debt, this causes monetary debasement which directly confiscates purchasing power of those who hold the money, without their permission. This fits the definition of theft.
By introducing the ability to transfer a scarce asset globally you resolve the requirement for credit, as no one ever needs to redeem.
Credit is a hack, Bitcoin is the fix.
Of those with Debt:GDP higher than the US, who exactly are you aspiring to in terms of quality of life? https://worldpopulationreview.com/country-rankings/debt-to-g...
The problem the US has is that it is one of the largest creditors of its own liabilities. The US prints its own money to issue itself debt with it. History's biggest ponzi.
The Bitcoin that El Salvador is buying is used as liquidity and is interchanged to and from dollars with it citizens on a daily basis. They are constantly making BTC/USD trades with their citizens, so it's not quite as straight-forward as "Bought at price X, today's price is Y, therefore loss is X-Y".
There is no monetary phenomenon. It's clear as day on the Fed's balance sheet the reason for inflation. https://www.federalreserve.gov/monetarypolicy/bst_recenttren...
If one can't understand why the value of their money goes down as the government buys trillions of dollars of their own debt with non-existent money, I'm not sure how to help.
Data should be stored in the fashion you wish for it to be read, and storing the same data in more than one configuration is acceptable.
Good resource: https://docs.aws.amazon.com/amazondynamodb/latest/developerg...
This is the basis for mixing services which do this at scale.
The fact is that the author is using intellectually dishonest arguments to try and convey something as the truth, which is not true.
The above also doesn't take in to consideration any L2 or Taproot transactions that provide even easier ways to mitigate Government overreach.
Centralised exchanges can't freeze the exchange of Bitcoin. They themselves can decide that THEY won't accept money from certain individuals (Centralised exchanges are required to complete KYC for users), but they have no power to stop UTXOs being spent on the network. The only way UTXOs can be prohibited from being spent is via consensus between node operators.
This is just one example of many points where the author decides to fuse centralised services which interact with the decentralised network with the network itself.