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berns commented on PayPal to support Ethereum and Bitcoin   newsroom.paypal-corp.com/... · Posted by u/DocFeind
dzonga · 3 months ago
one thing with these stablecoins is they're pushing to buying of 'us-debt'.

congrats if you buy a stablecoin - you've effectively financed the US gvt at 0%.

now the US gvt can inflate away that debt at 0 cost to them, and pass on the cost to you.

that's why a bunch of these stablecoin companies are pushing it as a way to save for people in distressed economies.

what a way to steal from the poor.

that's why the crypto act was called GENIUS act.

berns · 3 months ago
> congrats if you buy a stablecoin - you've effectively financed the US gvt at 0%.

As MMT teaches us, a government that issues its own currency does not need to borrow to finance itself, as it can create the money it needs, though it may still issue debt for other reasons.

berns commented on How much I’ve spent so far running my own Mastodon server on AWS   micahwalter.com/how-much-... · Posted by u/Stratoscope
AlchemistCamp · 3 years ago
They increased what was provided in the old $5 a couple of times, before raising the price to $6, though.

Also, there’s a new $4 entry-tier droplet that has the same CPU, the same amount of ram and the same amount of storage as my $5 droplet used to: https://www.digitalocean.com/pricing/droplets

The included bandwidth is only half as much (500GiB), but I suspect most people who would have gotten $5 droplets in the past will now be getting $4 ones.

berns · 3 years ago
As far as I can remember, the $5 droplet always had 1 GB of RAM. The current $4 droplet is only 0.5 GB.

The AWS instance in the post, t4g.small, has 2 GB of RAM. So it's not really comparable to the $4 DO droplet.

berns commented on How much I’ve spent so far running my own Mastodon server on AWS   micahwalter.com/how-much-... · Posted by u/Stratoscope
invalidname · 3 years ago
I would bet the cost would be lower if you use Digital Ocean/Linode and CloudFlare. Both have 5USD instances with no egress costs at these scales. No need to commit for three years or anything.

If you already own a domain you can use a subdomain and cut even that cost although it might make up for a long URL.

I think the main cost here is time. Probably far more expensive than all of those costs. Even on AWS.

berns · 3 years ago
> Both have 5USD instances

DigitalOcean no longer has a USD 5 instance, it's USD 6 now.

berns commented on Ask HN: Ads triggered by WhatsApp “end to end encrypted” messages?    · Posted by u/rreyes1979
berns · 3 years ago
You and your wife can both install Signal and play the same game. Then you can discard that Facebook is snooping on your messages. And you can think of bigger conspiracies which is always fun.
berns commented on Slack’s free plan change is causing an exodus   blog.zulip.com/2022/08/26... · Posted by u/williamstein
AceJohnny2 · 3 years ago
> It's interesting (and sad) how the forums of yesteryear have essentially gone away entirely

May phpBB and its ilk burn in hell.

I understand and recognize the value of private/self-hosted forums (I'm commenting on HN after all!) However the design principles of phpBB and similar forum software of the early 2000s were horrendous, and single-handedly held me back from participating in some communities I would have liked.

The excessive metadata displayed around comments, such as the user's icon, initial sign-up, or last activity cluttered the interface. And signatures! God those awful multi-line signatures, making every comment potentially a banner ad, when someone was just posting "this". And having to page through each... page, cluttered with inane responses.

Perhaps they were just a product of their era, script kiddies building their l33t hangout spaces before learning principles of design and UX, and before XmlHttpRequest came along to allow dynamic loading.

In any case, I'm extremely glad Discourse came along and democratized proper forum UX. I agree that we need an adequate free alternative. What are the candidates?

berns · 3 years ago
> In any case, I'm extremely glad Discourse came along and democratized proper forum UX. I agree that we need an adequate free alternative. What are the candidates?

Discourse is 100% open source.

berns commented on Launch HN: Pana (YC S22) – Social Trust Banking with a US Latino Focus    · Posted by u/Piero0909
Piero0909 · 3 years ago
I so feel your pain having lived it in flesh and bones and yes, we're just getting started but those are the pain-points we're working on fixing. Thank you for the feedback and we hope you try Pana. We do not have hidden fees like minimum balance or even debit card fee
berns · 3 years ago
He said he no longer lives in the United States. Did I understand correctly that you need to live in the US to open a Pana account?
berns commented on Estonia clocks fastest inflation in the Eurozone at 20.1 percent   news.err.ee/1608615118/es... · Posted by u/possiblelion
itsoktocry · 4 years ago
>but for me there should be two types of inflations 1. a dilution of money

Outside of the fact that "some people say" (generally anti-fed types) that inflation is an increase in the money supply, why is it you think that?

In economics inflation has a specific definition: a general rise in the price level. It can be caused by all kinds of things. A rapid rise in the money supply is one. A breakdown in available supply is another.

>Let say a central bank injects a lot of new money, then all prices will be higher, but salary will be higher too

Maybe, maybe not. There's economic theory around the stickiness of wages; they don't react as quickly as the prices of goods. And that's understandable. It's easy to raise wages, but difficult to reduce them.

berns · 4 years ago
> In economics inflation has a specific definition: a general rise in the price level. It can be caused by all kinds of things.

When the prices of all goods and services go up, it is the thing you measure them against that is going down. If there were no currency, there would be no inflation, only changes in relative prices.

u/berns

KarmaCake day435February 28, 2014View Original