tuesdayrain (u/tuesdayrain)

tuesdayrain commented on The fall of Sam Bankman-Fried is crypto’s Enron moment spectatorworld.com/topic/... · Posted by u/gmays

marshmallowmad · 3 years ago

He seems to be deep into denial. I can’t imagine what’s going on in his mind right now.

tuesdayrain · 3 years ago

>I can’t imagine what’s going on in his mind right now.

Massive amounts of Selegiline, probably.

tuesdayrain commented on Why I’m Cryptophobic bvp.com/atlas/why-i-m-cry... · Posted by u/luisha

throwaway413 · 3 years ago

This is well said, I’m gonna borrow that - “crypto is like a 0 calorie apple.”

This matters. Even gold, at least I can wear it and display my wealth. You can’t even display your crypto wealth like that. It is entirely lacking in any “real” value.

Idea: luxury tshirt made out of a $5 white tee with a wallet QR code slapped on the front showing off the balance of the shirt. Or a ring. Crypto fine jewelry.

tuesdayrain · 3 years ago

>Even gold, at least I can wear it and display my wealth. You can’t even display your crypto wealth like that

I'd feel much safer displaying large sums of wealth online by posting a wallet than by wearing luxury goods in public.

tuesdayrain commented on Why I’m Cryptophobic bvp.com/atlas/why-i-m-cry... · Posted by u/luisha

mjburgess · 3 years ago

There needs to be some basic economics here..

Money has value because of the value of the economic transactions in which its conducted.

Government-backed currencies are forced to have value in the sense they force people to use it for their taxes. The US, additionally, forces the world to use it for oil trades.

Value is in those economic transactions. A currency is just a "liquifying" of that value, to make it easier to spread around. So that 1hr of my time/output can be more easily traded for 1hr of another persons. We are still just trading output.

For BTC (or any coin) to have any value, it needs actual economic transactions to be conducted in it. If there arent any, its value is smoke-and-mirrors; its not real. If you can't trade the market cap of bitcoin for actual economic output, it isnt actual economic value.

Imagine doing that right now. Imagine BTC was actually used for any scale of economic transactions. It would collapse overnight.

tuesdayrain · 3 years ago

Your mistake is valuing cryptocurrency purely as a currency. In reality BTC and other cryptos have combined properties of currencies, commodities, securities, as well as unique elements that can't be found elsewhere. Crypto is its own asset class and trying to value it using old models of other assets is bound to fail.

tuesdayrain commented on Ontario Court Declares the Ontario Math Proficiency Test Unconstitutional otffeo.on.ca/en/news/onta... · Posted by u/Melchizedek

sanxiyn · 4 years ago

Education and stock market are not analogous. The key question is whether current level is correlated with expected improvement. For education it is, for stock market it isn't.

tuesdayrain · 4 years ago

>Education and stock market are not analogous

Why not? A company is just an aggregate of people working towards a shared mission. Not unlike a society.

tuesdayrain commented on Ontario Court Declares the Ontario Math Proficiency Test Unconstitutional otffeo.on.ca/en/news/onta... · Posted by u/Melchizedek

sanxiyn · 4 years ago

Since worst students have most to improve, I'd think it's efficient not wasteful.

tuesdayrain · 4 years ago

This is a fallacy, similar to thinking that a portfolio should be invested into the worst performing stocks because "they have the most room to improve".

tuesdayrain commented on Ontario Court Declares the Ontario Math Proficiency Test Unconstitutional otffeo.on.ca/en/news/onta... · Posted by u/Melchizedek

fallingknife · 4 years ago

Why would you waste your best teachers on your worst students?

tuesdayrain · 4 years ago

There is a certain brand of person who is obsessed with redistributing resources from the most productive to the least productive. They don't see how allocating the best teachers in the world to students who are disabled or borderline disabled is not beneficial to society.

tuesdayrain commented on Harvard won’t require SAT or ACT through 2026 as test-optional push grows washingtonpost.com/educat... · Posted by u/ren_engineer

tuesdayrain · 4 years ago

>But everyone notices when every aspect of their society is led by people of one race.

I didn't go to China and become resentful when I noticed their leadership was Chinese. But I did immigrate to America, then eventually become resentful when I noticed white people & asians were discriminated against out of some twisted sense of fairness.

tuesdayrain commented on Swedish study finds discrimination against men in female-dominated occupations psypost.org/2021/05/swedi... · Posted by u/temp8964

Godel_unicode · 4 years ago

This is does not quite fit the general "left-leaning" belief that I have heard.

I would rephrase it as "it's popular to deny that there's an underlying preference at play when jobs which used to be female dominated, like programming, became male dominated shortly after they became lucrative."

Bringing it back to the subject of the article, this entire discussion is really about tribalism. Humans tend to look favorably on their group and askance at other groups. Where people get into trouble with this is assuming you know from the outside what groups someone thinks they belong to (e.g. do you see yourself as a man who happens to be a programmer or a programmer who happens to be a man).

tuesdayrain · 4 years ago

This is what I was referring to: https://twitter.com/clairlemon/status/1195528833157386240

I feel like my interpretation of that quote is fairly accurate.

tuesdayrain commented on Swedish study finds discrimination against men in female-dominated occupations psypost.org/2021/05/swedi... · Posted by u/temp8964

ryanmarsh · 4 years ago

I've not been able to wrap my head around this issue. What is the thinking behind the desire to even sex ratios in various profession? Why are some professions receiving more attention than others when it comes to evening sex ratios. Is a perfect world when every construction site, hospital, and dreary programming job (lets be honest most of them aren't fun) has an even mix of the sexes? What is the benefit? Can someone explain this in logical, non-political, terms. Surely there's some benefit to individuals or society but I can't figure out what that might be. I don't want my daughters sucked into dangerous oil field work prone to boom and bust cycles. Why would that be ideal?

Help an autist out here.

tuesdayrain · 4 years ago

>Can someone explain this in logical, non-political, terms.

Probably not, because it's ultimately a political phenomenon. In left-leaning circles it's popular to deny that there can be significant statistical differences between demographics for any reason other than discrimination. Based on that logic they view all unequal gender ratios as problems that need to be solved.