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41 sats \ 1 reply \ @jimmysong 10 Feb \ on: Why doesn't the gov go full dystopia to combat benefit fraud? econ
The main assumption here that's wrong is that government is competent at IT. It's not.
Even giant companies have a really hard time integrating new IT infrastructure. A failed IT upgrade is one of the most oft cited reasons for firing CEOs, for example. Incidentally, this is why Costco refuses to upgrade their systems. It's too costly and the chance of failure high.
If you want to know how bad it is, just remember what happened with healthcare.gov. Government is an order of magnitude worse than large companies. CBDCs and the dystopian nightmare you're talking about is almost an existential risk to government. Think about some software bug that doesn't let you buy groceries or pay for a used car from a neighbor. It's bound to cause way more strife than almost anything else. This is why despite the power to do so, China is rolling out their CBDC slowly and very carefully. Even then, there are going to be big glitches.
The VCs they raised from are all heavy altcoiners. There's now a decent chance they move to Solana or something if they don't get OP_CAT.
149 sats \ 0 replies \ @jimmysong 29 Jan \ parent \ on: CrowdHealth - Ditch Fiat Health Insurance AMA
Let me just say that I'm a very happy member. Andy does not pay for any endorsement from me and despite being good friends with Andy, I joined because it was an economically rational decision.
I used to work in health care billing (athenaHealth before it went public) and my wife used to be in the medical field, so I know more than most about what a complete disaster the whole field of health insurance is. It's a robber's den of regulatory capture and rent-seeking and I couldn't be happier that CrowdHealth exists.
Also, if they don't ask for the money you put into your health account every month, they send it back! I've never had a health insurance company do that. And now that they have Fold integration, you can convert that straight to Bitcoin. It's a wonderful service and I truly believe it's better for your health.
The article just destroyed Paul Sztorc's Hivemind and in turn, Drivechains, not to mention all those altcoins that were focused on some platform for betting/gambling.
The article makes sense to me and I don't really see any substantial flaws in it. There is a way to subsidize using inflation that would motivate savers, but then that's essentially what the stock market and real estate are now. Anyway, nice find!
121 sats \ 0 replies \ @jimmysong 11 Jan \ parent \ on: Shill me your lnbits instance bitcoin_beginners
What backup version do you have? Armory used a proprietary backup format (the wallet was created before BIP39), and it uses the backup to generate the private keys in a deterministic fashion. IIRC, they are all letters, no numbers. Anyway, it's been a while, but I used to work on that code base so message me on Nostr if you want help.
Can we have a deboosting option? This is just drivechain crap that's not really interesting. I'd pay to have it not stare at me every time I visit this site. If Vlad wants to boost against the de-boosting of everyone else, more power to him, but I'd pay to not see this post.
I'm skeptical of that particular interpretation of the Marshmellow Test. For a different take, check this out:
We don't act like that because we're not homo economicus, but people with relationships, emotions, goals and dreams.
Also, Asian cultures just give money a lot of the time. It's a lot like dating people are hoping to get a good deal (paying $50 for a gift that the recipient will value at more than $50, or getting someone slightly higher value on the dating market), but most of the time it's a futile exercise and everyone loses.
4 was good. 5 was great. 6 was ok.
1, 2 and 3 sucked in such indescribable ways, especially after waiting over 15 years for them to come out. One of the most satisfying early youtube videos for me was this takedown of episode 1: https://www.youtube.com/playlist?list=PL5919C8DE6F720A2D It's so old that it had to be broken into 10 minute chunks because that was the limit on YouTube back then. There are similar takedowns of 2 and 3 by the same guy.
But then, it got worse and 7, 8 and 9 somehow made 1, 2 and 3 look reasonable, which still amazes me. I haven't watched 8 or 9, but if they can make 1, 2 and 3 look ok, they must be truly dreadful indeed.
But yea, 4 is basically a modern retelling of Kurasawa's classic The Hidden Fortress. Seriously, the plot is very similar, down to the perspective of the two lowest characters, which Lucas admitted he ripped from the movie. 5 was the real gem, in my view.
Sadly, this probably means the lone Bundestag member that advocates for Bitcoin (Joana Cotar) will no longer be a member after February.
There's a more general public-friendly and newer paper by the same guy here: https://ebooks.iospress.nl/pdf/doi/10.3233/APC200019
I'm going to send this out along with the classic Locklin article whenever anyone asks me about quantum computing and Bitcoin from now on.
I know they have regulations on dollars flowing out (exchanging KRW->USD). Do they have them for dollars flowing in (USD->KRW)? Because if you can withdraw BTC, you can sell them elsewhere pretty instantly for USD (or even USDT) and exchange them for KRW to close the loop. I'm sure I'm missing something about what's happening which is why I ask.
It's still a 5-6% kimchi discount if I'm calculating correctly. Seems like a great arbitrage opportunity, so I'm wondering why it's not being exploited.
It's harder up until they're out of diapers and car seats. Thankfully, it's a lot easier than it used to be, especially with food delivery and uber-like services everywhere. Use AI if you want ideas, and google translate to read menus and signs, airalo (and some bitcoin version, too but I forget) to get e-sim data for whatever country you're going to cheap.
There are definitely downsides to traveling with kids, like cost and having to accommodate their tastes, but there are upsides, too. You get a lot of discounts, for example, especially at museums and such in countries with few kids (like Japan!) It's also fun being with them and giving them memories. A picture in front of some iconic place is a lifetime memory. It's also really good for them to get exposed to different cultures.
Anyway, it's going to be harder, no doubt, but it's also more meaningful because you're doing the activity as a family. And don't underestimate how you'll look back on it. A trip like that is something that you'll be referencing for the rest of your life.
He's probably most famous for his short story Paper Menagerie, which won the Hugo, Nebula and World Science Fiction awards. He's written the 4-book epic Dandelion Dynasty series, has a few short story collections including one in the Star Wars universe, and a few other books, almost all very unique in their approach. He also translated the first and third books of the Three Body Problem trilogy and has a bunch of short films and TV series based on his stories. He's one of the few sci-fi authors that treats Bitcoin properly.