jslove (u/jslove) - Readit News

jslove commented on Major crypto lender Celsius freezes withdrawals as markets tumble reuters.com/technology/cr... · Posted by u/pseudolus

capableweb · 3 years ago

Let's say I bought $1000 worth of Bitcoins before, thinking "it can go up, or it can go down, I can lose this money without an large impact on my day-to-day financials", why would I sell it now when it has gone down a bit?

It's not until you sell it, that you actually lose anything. Let it go down to $0, you shouldn't care, because you're only playing with money you know you could lose.

What do you stand to gain by others selling their cryptocurrencies by the way? Seems to be an odd position to hold.

jslove · 3 years ago

Yup treat it like a non expiring option.

jslove commented on Major crypto lender Celsius freezes withdrawals as markets tumble reuters.com/technology/cr... · Posted by u/pseudolus

newaccount2021 · 3 years ago

if you can't realistically use crypto as money (which you can't), then there is no reason to hold it unless it is rising

crypto does not generate revenue

crypto does not generate dividends

crypto is only something you try to sell to a bigger fool

if crypto even just goes sideways....then its just a cash-equivalent with no real-world utility

these pyramid schemes have a long way to fall still...crypto will be the greatest ponzi scheme of the last 100 years

if you like exotic cars, the crypto kids will be liquidating soon...keep your eyes open

jslove · 3 years ago

Gold does not generate revenue... its still worth 11 trillion

jslove commented on Ask HN: Why is Firefox losing marketshare and how would you save it? · Posted by u/feross

Jayakumark · 4 years ago

Current CEO is a cancer to Mozilla, her main goal seems like to make more money personally before Mozilla goes bankrupt. As long is as she is there - there is no hope

https://itdm.com/mozilla-firefox-usage-down-85-but-why-are-e...

jslove · 4 years ago

previous one - now stellar ceo wasn't great either

jslove commented on Discord is a black hole for information knockout.chat/thread/3325... · Posted by u/Prestoon

jslove · 4 years ago

I am not sure why all the crypto channels are on discord. Why not an open source system like matrix?

Twitter is also so much better... but people don't DM much.

jslove commented on Ask HN: Tools to visualize data in SQL databases? · Posted by u/dyml

btown · 4 years ago

This may be an unpopular opinion, but if you have US$70/mo to spare, it's hard to beat Tableau for this exact use case.

"Connect to an arbitrary database, create a view that joins numerous tables (including foreign tables, via blending) together, load to columnar storage on a local SSD for performance if necessary, add arbitrary derived columns (including well-defined lateral lookups for things like 'annotate this action with the date of the first action of this action's user' [0]), group by 4 of the derived columns, map two of the groupings to nested dimensions along the horizontal axis and two to the vertical axis, and show the sum or count at each cell in a resulting table, then when satisfied, drill down into a slice and turn it into a bar chart with colors that match your branding needs" - every one of those clauses can be accomplished with drag-and-drop mouse commands almost at the speed of thought.

And once you get the hang of it, there's zero impedance mismatch with hand-rolled SQL, it's just way faster to iterate on, especially with schemas where you may not remember all the columns available to you, and especially when you're doing so over screenshare with non-technical colleagues.

[0] https://help.tableau.com/current/pro/desktop/en-us/calculati...

jslove · 4 years ago

As you get deeper into it they hook you into the server and other stuff and it ends up costing 000s.

Pandas is better but requires programming.

jslove commented on Mozilla Foundation pausing cryptocurrency donations twitter.com/mozilla/statu... · Posted by u/cpeterso

ShamelessC · 4 years ago

And what happens when the internet goes out?

https://www.reuters.com/markets/europe/bitcoin-network-power...

jslove · 4 years ago

there were a couple implementations of stellar blockchain projects in nigeria that used sms as a base technology.

jslove commented on Web3 is centralized blog.wesleyac.com/posts/w... · Posted by u/goranmoomin

jiggunjer · 4 years ago

Doesn't the lightning network used by btc allow obfuscation constructs?

jslove · 4 years ago

yes with taproot that just went live. there is also bitcoin liquid which is hidden as well.

jslove commented on Web3 is centralized blog.wesleyac.com/posts/w... · Posted by u/goranmoomin

r_hoods_ghost · 4 years ago

The main issue with "Web3" is that it moves records of transactions from many private places to one public place. Sure this one place may not be controlled by a single entity, but it facilitates tracking at an unprecedented level.

Cryptocurrencies are the ultimate example of this and are an absolute boon to tax collectors, forensic accountants and fraudsters. In our current economy financial transactions are recorded in millions of individual ledgers that are kept private, or in the case of cash transactions are often not recorded at all, or are not linked to an individual. There is no central ledger.

With crypto currencies however you can not only see all transactions but also trace them back to individual users as long as you can link a wallet to a person. This is a massive increase in centralisation yet discussion of whether this is a good idea seems to be entirely missing. The notion that centralising transactions in one place is somehow an example of decentralisation just seems mad.

jslove · 4 years ago

with taproot bitcoin lightning transactions can be mostly private, scalable, not using energy, and cheap.

jslove commented on Ask HN: Are paradigm shifting breakthroughs rarer or is it a bias in my eyes? · Posted by u/newyankee

jslove · 4 years ago

I think that changes are happening faster and slower than you imagine.

We are very bad at exponential math. I think changes in birth control, dating online, and social changes are faster than ever before.

The developed world will shrink and people couple up in ways people only 5 decades ago couldn't imagine.

Governments and societies are not ready for this or a system where we need to work less. John Maynard Keynes in Economic Possibilities for our Grandchildren opined that, by 2030, the average work week would be around 15 hours (3 hours per work day).

jslove commented on Singapore: Sovereign City devonzuegel.com/post/sing... · Posted by u/aaronng91

jslove · 4 years ago

Personally I think they:

1) benefited from Indonesia (refining their oil etc) like HK did for china back in the day and cheap labour

2) Now benefit from HK Chaos with China as a kind of Switzerland of Asia

3) Are hard to compare with a large country