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0 sats \ 0 replies \ @BallLightning 28 Jun \ on: What do most, if not all, bitcoiners say that you starkly disagree with? bitcoin
Hm.. So "Fix the money, fix the world." Wa supposed to be literal? 🤔🤔
10 sats \ 0 replies \ @BallLightning 27 Jun \ parent \ on: Why Don't We Have More Cripple Creeks? culture
Well, space x doesnt really own it, so it's not up to them. It's uo to the people.
Isn't this the same system that is used for fiat payments in some parts of Africa for yeara? In other words, this is somethin like a custodial wallet. How easy is once you have received sats that way to send them to a standard lightning invoice?
I will advice everybody to see the youtube channel of Robert Miles on AI safety. I think he explains the problem in a way that is a lot more understandable than Yudkowsky.
I kind of think this is a problem 🤔. I think I encountered this also when purchasing a channel from blocktank. Incoming payments were a lot more expensive than the default fees from robosats. It took me a while to figure out why I can't receive the sats I purchased.
Isn't this what is called fee siphoning attack? Also what would prevent something similar happening in the hypothetical future where merchanta use lightning? A merchant sets a node with high fee between his node and you and charges high fees from his customers?
Hm... I don't know what the system there is, but generally runoff election requires the winner to get more than 50% of the votes. That means that even if you vote for the most obscure party, you are making the best performing party take less of the votes percentage wise. So you don't need to strategically vote for the lesser evil, as long as your favourite is in the ballot (which is before the actual runoff).
The most difficult problem to solve without some form of non consensual value extraction is the free rider problem.
Simple and non consequential example would be street lighting. You can't exclude people yhat don't pay from benefitting from it and so you are incentivising people not paying for it. (So you may have situation where 95% of the people want something and will pay money for it, but the thing does not occur because of this problem.) And there are way more consequential examples.