Games, collectibles, lending, money markets, exclusive virtual clubs, international payments, trading are just a selection of activities I’ve personally engaged in on chain in ways I could not have off chain.
Also whether or not you like speculation, many people do and it’s not a crime.
Interesting that the article misscharacterized Nozick as right wing, completely missing the history of rejection of libertarians by both right and left parties and the continued outreach by libertarians to both.
It’s both. Collective madness supports the ruler while the ruler cultivated collective madness. You don’t even have to look into the extremes to see this- both democrats with Biden and republicans with Trump are seeing complete unreality, while both rulers have taken well documented evil actions (mass murder, human rights violations, etc). Rulers can be evil while their supporters are also evil and insane as well.
I personally experience this loop all the time on different sites. I’ve completely given up - if a site loops I don’t use it and try again a few weeks later. If it’s something extremely urgent I use my mobile device which for some unknown reason never loops.
PayPal is a closed ecosystem that doesn’t support smart contracts or any other form of arbitrary code execution. If your point is that traditional finance uses code, sure, but that disguises the real differences between those systems and web3.
There’s a wide range of products and services that are native to crypto that you don’t have access too without a blockchain wallet. Now you personally might not care about nfts, tokens, exclusive clubs, blockchain games just to list a few, but other people definitely do.
Also the parent comment is out to lunch, crypto will likely never replace fiat simply because there’s nothing preventing states from implementing the parts of crypto that succeed.
Kind of depends on PayPal’s implementation details, but it’s still quite painful to transfer assets between web3 and the traditional financial system. If it’s easy to transfer pyusd from PayPal to a private ethereum wallet and vice versa, it could potentially be an easier way to move usd in and out of crypto.
Of course this probably won’t happen for regulatory reasons, and even if it does pyusd may have the same type of blacklisting that prevents many dapps from using usdc.
It’s programmable, meaning you can use it for smart contracts. A common smart contract use case is dex smart contracts that let you swap between other cryptos and usd without any counterparty risk.
If you’re abandoning your friends because of political differences, you’re part of the problem. Picking fights with people because you don’t agree with them doesn’t change any minds and does make the world a little worse. Also, your beliefs may not be rooted in fact as much as you’d like or you might be more confident in your truth to win in its own.
Science does not in fact prove only fruits and vegetables are good for you, and in recent years the healt benefits of meat and dairy have been coming to light.
Limited shelter plus forced fasting is a way to achieve self actualization, learning both the limits of your body and discipline. Only to a degree, too much and you’re physically injured perhaps permanently.
Because the State does it instead of a different organization. I wish I was joking but that is literally their justification- that because it’s done by a State it’s automatically legal. Of course the courts will rule differently but the people who stole won’t be punished.
People haven’t woken up yet to the combination of social media plus ever present cameras. Traditional ideas of security through obscurity plus mass media manipulation to keep secrets out just doesn’t work like it used to. In the meantime a lot of decent people are going to get caught in the crosshairs of populist rights violations.
The process is the punishment. Most likely he will win in court, but after years of legal battles, lost equipment that he has to replace without reimbursement, and having to find funds to pay contractors to repair his residence.
Yes, but while it takes years to work these cases through the courts USG can continue rights infringement with no consequences for its staff. And once the court cases rule against USG, it can either ignore the case or find new workarounds. 1A only works with popular support that it doesn’t have, most people only support free as in beer.
In theory healthcare and social security could provide positive roi. For healthcare due to a healthier workforce being more productive, and for social security by removing family burdens and freeing up prime age workers from elder care.
Yes due to soft default (inflation). If you look at projected debt burdens, they are predicted to grow faster than gdp if inflation targets are met. If inflation targets aren’t met, like they haven’t in the past few years, then it’s effectively a default since the government is paying back less in inflation adjusted dollars than it borrowed. Plenty of other countries have tried this strategy and it doesn’t merit a high credit rating.
Even the size of the debt would be ok as long as gdp is growing faster than the debt. It’s not, which means the deficit spending is being used on things that are not growing gdp faster than interest rates on that debt.
Like any business, government debt is fine as long as it’s used to fund expenses that have an roi greater than the debt servicing costs. Otherwise there will be a default (tho for government inflation is also an option)
Markets are fundamentally about choice and trade offs. Monopoly is about runaway power dynamics created through random chance and force (you have to pay rent, you can’t choose not too).
Most catastrophic thinking is related to climate change, though of course it could also be referring to the inevitable end of the solar system as the sun expands.
If I send my crypto to coinbase, I no longer own my crypto. Coinbase now owns it and can do whatever they like with it. But they market themselves as providing crypto services and as selling crypto when in fact they are just selling numbers in their internal database.
So users of Coinbase are clearly being defrauded. They think they own crypto but they don’t.
Personally I selectively disable scripts because it’s not any 3rd party business to know which sites I visit on my private device. And if a site works without any JavaScript that’s the ideal scenario - I don’t have to hunt thru the scripts to see which ones are actually required for the site to work.
Resource intensity of gdp in developed economies has been decreasing over time. That’s because wealth is not a zero sum game that necessarily requires an exterior to take the negative side of the equation. Rather wealth is created when better options are made available- when actors within the system have superior choices to what they had before. That’s why you see some entertainment media produce outsize returns while others end up failing; it’s not a matter of how much resources are consumed but rather how they’re put together to make a better story (better from the consumer perspective versus their alternatives).
This post reminds me of a founder I worked for. We had a pitch meeting where one of the prospective investors laid out exactly why the founder’s idea was fundamentally flawed based on the investor’s personal experience as a past founder working on a variant of the same idea. The investor also explained what paths forward our founder could take with clear and actionable ideas before the rejection.
After the rejection the founder told us “the investor is biased because he failed so if we succeed it will hurt his ego” and proceeded to ignore all his advice. Well 6 months later when we tried to get users on the platform everything the investor had said turned out true and the startup limped along for another couple years on angel funds, thankfully without me.