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randomhodler84

1,208 karma · joined January 4, 2021

Character account — I only play a Bitcoin maximalist on the internet.
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randomhodler84··on Let's Encrypt swag is here and I love it
If you are going to make swag, make it in black. I wouldn’t be caught dead in yellow or blue.
randomhodler84··on Salman Rushdie Joins Substack’s Stable of Cancelled Writers
What are you talking about?

Atheists are generally far more intelligent than the religious. Something to do with not get caught up in millennial old fairy tales is one, and use of science, reason and logic over lore, superstition and guilt.

randomhodler84··on Number of pubs in England and Wales falls to record low
Ja it will come back. It’s a protocol. Nothing about the protocol(s) are broken. If you haven’t been around long enough it looks bleak, but it’s all happened before, multiple times. Paul is right about the future, but his timing might be off.
randomhodler84··on Players Finally Obtained the Triforce 23 Years Later in Ocarina of Time
Hehe yeah, had to be TAS-bot inputting the exploit and payload, the video said it was over 2M button presses over 4 controllers! I think some of the simpler ACE could be done by a human, like the Mario 3 one…
randomhodler84··on Players Finally Obtained the Triforce 23 Years Later in Ocarina of Time
This is super impressive. Using arbitrary code execution, the speedrunner injected a whole new set of models, sound, dialog and code satisfying many urban legends and beta content from the game 23 years after it was released.

I love that we can now reimagine old games and make them do anything, include fulfill childhood playground rumors of secret levels, powerups, endings…

randomhodler84··on Ask HN: Why Is HN Pro-Piracy?
Mostly out of practicality. Gone are the days of safety running binary warez. (Code) [malware]. Too many malcode and viruses.

Data on the other hand, is far less risky, as malicious content would need to exploit the file format parser, etc which is much harder than Trojan using a binary. You probably are not getting malware from mp3s.

randomhodler84··on Ask HN: Why Is HN Pro-Piracy?
This is hacker news, not boot licking statist news.

It’s not a strange position, infact, I would say going on a hacker board and moralizing is a strange position. Hackers just want information to be free.

randomhodler84··on Show HN: Calculator for US individual income tax, from 1970-present
“640K ought to be enough for anybody“
randomhodler84··on People who are isolated from others do worse on cognitive tests: new research
Same story and I feel the same way. It is the curse of our generation. We have no future, it was stolen from us by our selfish forebears. We will all die cold and alone as the world collapses around us.
randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Ha! Ok! I guess that is slightly less useful.
randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
My mate bought some beers for 87k sat the other day. A family member spent 40k sats on groceries a few months ago.

I’m actually tracking it for art

randomhodler84··on Sync Your LUKS Boot and User Passwords
It’s better if you don’t.
randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Why not?
randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
His full diplomatic title is His Excellency Justin Yuchen Sun, Ambassador and Permanent Representative to the World Trade Organization in Grenada.

It is correct to address him as His Excellency or HE. He also has diplomatic immunity.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
I prefer “Bitcoiner”, I’m not into ‘crypto’, bro.
randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
21 million Bitcoin. 2.1 Quadrillion Satoshi. For all time.

Unlike gold which can be mined in the trillions from asteroids.

Your argument that Bitcoin is trivially copyable was /an/ argument in 2014. We are in a different place now.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Yes, through redemptions. So we know $10s of billions is real — at least!

It’s a stablecoin, so market cap is simply the amount printed.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
I think it is the full story. Company performance is the driver, but it doesn’t set the price. It not right to say it’s irrelevant, it is, but the most important thing is what the market is willing to pay.

The dividend price drops occurs only because the market believe this and reduces the price of their orders. It’s driven by the market responding to the loss of cash, the fact the cash was spent cannot impact share price unless there is buying and selling. The company doesn’t set the share price except for IPO.

It is compounded by Dividend Reinvestment Programs, where the dividends end up buying more stock.

Additionally, I think your equation is wrong. Company Value = assets - liabilities.

Market cap = n shares * price.

Market cap != company value.

Big tech stock is very similar to cryptocurrency. It’s all about the greater fool who will buy it from you.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Not quite! Shares of AT&T go up because people spend fiat on buying them. The activity makes it a more attractive buy, but unless the company buys back it’s own shares they don’t go up when they make money. It’s not magic, it’s a market like anything else.

Note: AT&T is a dividend share, so it has yield. Cryptocurrencies generally don’t, they are more like tech stocks. Amazon shares don’t go up when Amazon makes money (unless they spend earnings on stock), or the market buys more Amazon stock.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Pleased to meet you jpambrun!

I am one of those 0.1% idealists.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
True. I was able to make riskier investments knowing that I would be able to eat if things went badly.

I’m just waiting for the collapse of civilization now myself.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Yeah, you are correct. The downward spiral mechanism is allowlisted, and the players won’t bring this event.

I have no love for HE, but indeed it is a pretty clever play to monetize HE’s illiquid shitcoins. Ive always deeply distrusted HE but I may have underestimated him.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Some even did better than that ;-)

My life is completely unchanged. I still work everyday.

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
$10k can’t even buy a car. I don’t know where you are in this crazy world but where I but $10k isn’t life changing, it’s more like a month of fancy dinners.

I guess I’m a real dumbass. :-)

randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
Yeah, don’t short USDD (at least not yet). If Justin using His Excellencies personal wealth to bail out His Excellencies stablecoin sideproject, wait at least until the market cap goes beyond what he can bail out. It’s currently 3x over collateralized, you will lose.
randomhodler84··on Three Arrows Capital has defaulted on a loan worth more than $670M
I don’t think tether is going to collapse. The money is there and the demand is high.

Nobody is trading suitcases of fiat bills behind closed doors anymore, it’s all in USDT.

randomhodler84··on Crypto Is Crashing, But Companies Aren't Acting Like It
One way to think of it as energy spend on activism for integrity. Many governments, tyrants and thieves would stop at nothing to corrupt the integrity of the chain. By sacrificing energy we make it very difficult for them to do so. It is not the energy or work itself that is valuable, but the requirement that an adversary outwork in order to inflict a negative outcome.
randomhodler84··on Crypto Is Crashing, But Companies Aren't Acting Like It
And I’ll leave you with “yes, the game theory intensifies”. Thank you for playing.
randomhodler84··on Crypto Needs to Be Eradicated
Haha Michael Hiltzik wtf are you talking about?

Cannot be audited? Lol ok come back when you understand “free and open source software” “transparent blockchain that records transactions for all enternity” “trustlessness”. This guy need to go back to the start of the 2010s.

randomhodler84··on Crypto Is Crashing, But Companies Aren't Acting Like It
“Useful” PoW never really took off (primecoin and riecoin were prime number discovery POW functions that did not sustain long term value).

it’s possible that general purpose and usable proof of work system might exist but I dont think we have found it.

I have always said knowledge of the silicon capability of SHA256 and the integrity of ECDSA is itself of immense value.

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