The regulation fetish has become a form of magical thinking. In the thinking of the regulation fetishist, the lack of explicit permission from authority is in and of itself dangerous, but the danger could be easily neutralized by a talismanic permit!
The fact that these professionals have already adhered to countless existing regulations and have been trained to safely deal with bodily fluids and infection risk is immaterial to the regulation fetishist. The government has not explicitly granted permission for this exact activity. In this mindset anything that is not enumerated as an allowed activity is dangerous and should be forbidden.
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I think HN plays a vital role and these opinions by very intelligent people are very helpful to me.
Your comment also made me wonder about a sentiment analysis of HN comments. Something like:
"What does HN Think about It?" App
I first heard about bitcoin right here, when it hit $3 per coin for the first time. That was a huge event.
I had my own reservations about investing in bitcoin, but reading the comments here prejudiced my view.
VC's say it's not the losses that get to you, it's the companies you miss out on that scar you.
Not investing in Bitcoin at $3-5 was the single worst strategic decision of my life.
It was something that could have saved me years of toil, it was an easy ticket into the Big Game. A massive influx of economic energy, a fantastic counterstrike to entropy was right there, and it was easy. So easy to buy, granted it would have been not easy to hold through the dark times, the dips, the panic.
Oh, but if one did!
None of the hard work of starting a company, finding product-market fit, hiring a team, raising funds, fighting off the inevitable bandits that will come for their extortion money in the form of frivolous patent lawsuits...
None of that. Just easy, huge, beautiful, juicy investment capital right at my fingertips.
Oh the land that could have been bought! The development deals that would have flowed and the opportunities that could have been pursued. Instant entrance to Ruling Class, a ticket to the best club on earth.
'The most important men in town would come to fawn on me! They would ask me to advise them, Like a Solomon the Wise. "If you please, Reb Tevye..." "Pardon me, Reb Tevye..." Posing problems that would cross a rabbi's eyes! And it won't make one bit of difference if i answer right or wrong. When you're rich, they think you really know!"'
- If I Were A Rich Man, Fiddler on the Roof
And it's that emotion thats fueling crypto asset valuations right now, along with actual riches created by people who didn't give in to the negativity, the doubt, the fear.
The thing has value. People like this thing. They like it all over the world. There are infinite uses for something like money + code + global computer networks.
And a thing doesn't have to be perfect or solve every problem to have value.
The standard that commenters here hold crypto to is not the same standard they hold startup companies to.
With companies if they do something some people like enough to use, they say wow what a success, look they are a real company with profits!
I mean even if the only use for crypto currency is regulatory/legal arbitrage, that's insanely valuable and would have merited an investment.
The other key innovation was funding in batches, in classes. This created a close-knit ad hoc community with shared goals, and one in which teams whose ideas were not finding traction could join teams whose ideas were.
Edit:cheapest aliexpress ones i see are about usd$2.00 each. That's not bad though.
The cost can be $1 a cell, a pack might have 20. Each cell might be 10-12 watt hours. It takes 3 cells to produce 12 volts.
Source: there's a guy in socal (Jehu Garcia) building a reclaimed peaker 1 MWh pack in about 10 racks from used batteries and equipment (50 kW 480VAC inverter) on the cheap in order to store energy off-peak (plus possibly charge using solar) and use it at peak supplemented by grid power. This is how manufacturing and other heavy industry / large electrical consumers can save money right now in US day-of-use billed grid systems.
You can build 18650 packs for electric bikes, scooters, boats etc... or build your own Power Wall type home electric energy storage.
The costs of these cells coming out of China have gotten down to $1 each in some cases of excess inventory...
The real activity was on Facebook groups, viralizing anti-immigration and far-left news, controling the narritive on 4chan pol and /r/the_donald, and botted up - and downvote brigades.
It was so blatant it was visible to a non-expert on information warfare like me.
The people doing this probably got paid about as much as a paid advertisement.