817 karma · joined December 5, 2024
If a multi-millionaire loses 50% of their net worth, they are still a multi-millionaire. When normal people lose 50% of their net worth, they have real problems.
Not arguing for a bailout, but the "it mainly hurts rich people" argument is pretty weak, and may actually be backward.
It is the driver/user of the car who is liable, and possibly the manufacturer if it's defective.
ANT also has positive gross margins, so they aren't selling gold bars for $1.
I don't understand why people on HN treat ECON101 like some fringe theory every time this is discussed. This is basic stuff.
Is $2k for a whole machine not "consumer" ?
pros: can already be used to buy all things, and doesn't set the earth on fire in order to verify transactions
cons: cannot be used to buy live grenades and CSAM
oh, and three acounts hold like 25% of all btc in circulation.
crypto can do some things, but decentralization isn't one of them. just ask Coinbase
USD tether is barely crypto at all, it's a wrapper around treasury bonds which the US govt. regulates
It's not economical today to run my own hardware, but the insurance is worth it to me in the sense that if my bet is wrong, I'm still okay with paying extra for the protection.
They are subsidizing all of us to the tune of $billions in losses per month. That can't go on for a decade. Probably not even for another 18 months.
I still use all the tokens Claude will give me on the max plan. But I also run deepseek v4 locally for overflow and for... contingencies.