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usednet

997 karma · joined February 28, 2022

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usednet··on Patients keep getting charged for crying
Just reading the article and remembering my last hospital visit gives me a headache. I got better treatment in Tunisia than at an American hospital in a wealthy area.

What an embarrassment for us being the only developed country without universal healthcare.

usednet··on Be Real – App that notifies friends simultaneously to capture and share a photo
Extremely popular with college students right now.
usednet··on Scammers Are Teaching the Art of Fraud on TikTok
Now its on Tiktok, before it was on Instagram, before that Twitter, and so on. Is this really news? There’s far more interesting scamming communities on the clearweb than the kids selling shitty methods on Tiktok for $20.
usednet··on Wireless is a trap (2020)
I played competitive FPS games for years at high ranks with a Bluetooth headset before learning of the delay. I did not notice. However, for a while I switched to a Bluetooth keyboard and until I realized the input delay was severely impacting my performance. Wireless mice (non-Bluetooth) on the other hand have low enough latency that most pros are fine using them.

Some advice for Bluetooth headset gamers - Bluetooth completely breaks the audio for some games like Battlefield 1. The only solution is to go into device manager and disabling Handsfree Telephony on your device.

usednet··on Tether starting to lose its peg too, after Terra did
Ponzis can be very profitable. I think algorithmic stablecoins are stupid too.
usednet··on Tether starting to lose its peg too, after Terra did
Pretty much all under the table crypto transactions are in Monero, Zcash, or other privacy coins. Bitcoin’s utility is horrible compared to most other cryptos, its purely a store of value.
usednet··on Tether starting to lose its peg too, after Terra did
The parent comment was edited to remove the section on UST after my comment.
usednet··on Tether starting to lose its peg too, after Terra did
AFAIK, Tether will not convert to USD for you unless you register and have >100k Tether. Therefore, most holders only ability to “cashout” is on exchanges. Obviously, this is problematic.
usednet··on Tether starting to lose its peg too, after Terra did
Your explanation is incorrect, please see my reply to the comment under yours. You should edit it so people aren’t misinformed.
usednet··on Tether starting to lose its peg too, after Terra did
That explanation is not correct. Algorithmic stablecoins rely on a pairing with another crypto, in UST’s case LUNA. 1 UST can always be swapped to $1 US dollar of LUNA. It is interchangable, so $1 US dollar’s worth of LUNA can also be swapped for 1 UST. Hence, the “algorithmic” in the name. This way traders are always incentivized to keep the price of UST at $1.

There is no collateral requirement. In UST/LUNA’s case they had collateral, mostly in Bitcoin, in the Luna Reserve Guard but their collateral proved insufficient. Some algorithmic stablecoins are entirely uncollateralized.

usednet··on Tether starting to lose its peg too, after Terra did
No, but when many major exchanges only have USDT pairs people are forced to use it.
usednet··on Flash Boys 2: Frontrunning, transaction reordering, consensus instability (2019)
Yeah. Furthermore, I don’t know how CMC calculates their total but if it uses fully diluted market cap, the crypto total would be even less by a large amount.
usednet··on That Doesn’t Feel Like $150 Worth of Groceries
Bari Weiss doesn’t seem to know basic economics. Are all consumer goods perfectly competitive markets? No. Is demand for consumer goods highly inelastic? Yes. Does the author account for collusion? No.

One can’t just say that consumers should find cheaper alternatives. Reality is not so simple. But after reading far too much of Bari Weiss’ writing, it seems clear that all she ever offers is surface level takes.

usednet··on Mullvad VPN now accepts Monero payments
I’m curious as to what HN’s VPNs of choice are.

I personally use IVPN and Mullvad.

usednet··on Bill Gates on how the world needs a pandemic protection team
Lovely. The same Bill Gates that convinced Oxford to sell their low-cost/free vaccine to Astrazeneca, creating billions in profit at the cost of global health.
usednet··on Did the Japanese offer to surrender before Hiroshima?
I studied the atomic bombings extensively in college and it seemed abundantly clear that the decision to drop the bombs was barbaric and unnecessary. The question of whether or not the Japanese offered to surrender before is largely irrelevant too considering the Imperials’ disregard for civilian wellbeing. The military impact of the bombings was quite low.
usednet··on 'Patriotic millionaires' in the U.K. call for higher taxes on themselves
How exactly do you suggest the federal government create 4 trillion dollars in yearly profits?
usednet··on At one company I worked at only one thing mattered: the yearly bonus
I wish Valve still cared about Team Fortress 2. Unfortunately their terrible work distribution system has lead to the complete abandonment of many of their most popular franchises.
usednet··on Doctor fired from ER warns about effect of for-profit firms on U.S. health care
Easy to say that, harder to live it. Would you willingly choose to receive treatment from a less trained, less accurate NP? I wouldn’t, even if I had to wait longer.
usednet··on Kaspersky is declared a US national security threat and is banned by the FCC
I’m sorry but are you stupid? Your first comment is literally whataboutism, which I made fun of in response.
usednet··on Have economists led the world’s environmental policies astray?
I’m not fundamentally opposed to pigovian taxes, they are the best option in many cases. For climate change, definitely not the best option. I personally advocate for cap and trade.
usednet··on Kaspersky is declared a US national security threat and is banned by the FCC
I’m getting deja vu to “WMDs”, “moderate rebels,” “dictators,” and “national security.” Even a broken clock is right twice a day.
usednet··on Kaspersky is declared a US national security threat and is banned by the FCC
Because then you get a gag order and a wiretap.
usednet··on Have economists led the world’s environmental policies astray?
I like Steve Keen. I find his work convincing and practical.
usednet··on Kaspersky is declared a US national security threat and is banned by the FCC
Nobody within the hacking scene actually believed that story. It’s remarkable that there’s been 0 evidence that Kaspersky has ever had a backdoor yet so many people believe it.

The NSA’s own incompetence led them to run an antivirus on a computer with Equation Group spyware on it. Keep in mind that Kaspersky had been fighting Western intelligence services for years at that point. Israeli intelligence actually breached Kaspersky’s network in 2015, no doubt because Kaspersky is the only AV company that actually exposes US-created malware.

usednet··on Have economists led the world’s environmental policies astray?
I agree, and I think that what you said about the rate being incorrect is right. Pigovian taxes are great in models but extraordinarily difficult to implement. Measuring externalities, especially of something like carbon production, is a monumental task that economists in my opinion have been failing at. Another commenter linked a great analysis on how economists are drastically underestimating the economic effect of climate change (assuming 90% of GDP won’t be affected because its indoors!).

On the second point I somewhat disagree. The current inelasticity of demand is extremely important as climate change will become uncontrollable at longer timeframes. The current trend is not enough and not fast enough. I agree with the authors that Pigovian subsidies for renewables worldwide are necessary as soon as possible.

usednet··on FTC sues Intuit for its deceptive TurboTax “free” filing campaign
Yes. The FTC, BigLaw, and tech are highly interconnected.

> Public Citizen found that just over 75 percent of top FTC officials (31 out of 41) over the past two decades have either left the agency to serve corporate interests confronting FTC issues, joined the agency after serving corporate interests on these issues, or both.

https://www.citizen.org/article/ftc-big-tech-revolving-door-...

usednet··on Onyx Boox Nova Air color e-reader is now available
> Onyx Boox Nova Air Color with Kaleido Plus

Somebody fire their naming guy

usednet··on Google routinely hides emails from litigation by CCing attorneys, DOJ alleges
It’s pretty clearly abusive and not under the scope of AC privilege. In fact multiple cases have resulted in companies with similar behavior being forced to turn over the material.
usednet··on BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom
Found the private equity ghoul
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