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@SimpleStacker
1,702,143 sats stacked
stacking since: #48657longest cowboy streak: 114 verified stacker.news contributor
24 sats \ 1 reply \ @SimpleStacker 2h \ on: Transparency science
What if your son asks you for transparency on your bitcoin wallet? haha
I had to go dig up this old Saylor post of mine from 2022: #69542
It seems like I was on to him early!
How did fees reach 500sats/vb+ back in the first few ordinals and runes waves?
It was a fad. I hope they lost a buttload of bitcoin.
How much would you have to pay Google Drive or Drop Box for uncensored data storage for 1000 years?
Byte for byte, it's still probably cheaper to store your data on google drive / drop box
What if you are a government actor that can print money for fees?
That seems like a risk regardless of non-monetary data rules on bitcoin
There is limitless demand for data storage. And v30 just invited a lot more data storage users to bitcoin.
IMO, your analysis of the source of the demand is wrong. If what they wanted was actually just data storage, there are other much more efficient ways.
100 sats \ 0 replies \ @SimpleStacker 3h \ parent \ on: prediction markets aren't just gambling oracle
The unraveling argument doesn't rely on the efficient market hypothesis per se, but I think it rests on similar assumptions. Namely, that everyone is hyper rational and can strategize many moves ahead. In reality, people aren't that super rational, so the market won't unravel completely. But people are somewhat rational, so the dynamic will still be there.
I think it makes sense to not want to participate in the larger platforms. There, you are more likely to be betting against real insiders. (Not to mention, some oracle shenanigans in Polymarket). For a relatively small and unknown platform, you're more likely to be betting against people just having fun.
0 sats \ 0 replies \ @SimpleStacker 3h \ parent \ on: prediction markets aren't just gambling oracle
It does seem a superior way to gamble than with bookies, though I suppose bookies do have some sort of liquidity / market-making function.
I think my skepticism towards prediction markets is more towards the idea that you can have a functioning prediction market for every event under the sun. Some niche markets I think just won't have enough volume to generate a good prediction.
Yeah, it's disappointing at how few people seem to actually want to use Bitcoin as a MOE. @siggy47 has wrote about it a few times, about the attitude of most bitcoiners he meets at in person meetups. People who use bitcoin to buy things is a minority of a minority
Twitter attracts drama queens and clout chasers. "Stuff that works" is boring and thus no drama and no clout to grab. Stacker News is better for quality discourse
it's the most realistic approach too.
Your boss doesn't care if you use AI. But they sure as hell care if you have no idea what the AI is talking about and submit the work anyway.
indeed. It is not worth policing. Pretty much impossible to police anyway.
I have a few principles though that i think make sense.
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You're allowed to use AI, but you're responsible for understanding and being able to explain everything that you submit.
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If it looks like you used AI without understanding, I reserve the right to assess your understanding with an in-person oral assessment. If you cannot demonstrate a level of understanding consistent with your submitted work, you may receive a penalty on the assignment.
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On written assignments, I reserve the right to penalize you for sounding too much like AI. If you disagree with my assessment that your work sounds too much like AI, you may request to demonstrate your understanding of the material through an in-person oral assessment. If I am satisfied that you have an understanding of the material which is consistent with the submitted work, I will remove the penalty.
So, with these rules, I don't have to use an AI checker. I just penalize if they sound too much like AI. (I'm usually pretty lenient on this.) If they want to appeal, they can do so in-person. No one has ever taken me up on this, because when I penalize them for using AI i'm almost always right.
A big issue is also local control. Residents of neighborhoods vote to make it hard to build. That keeps their property values up, preserves the "character" of their neighborhood, and basically makes it hard for anyone else to live there.
I think it's probably inverse U shaped. At some more money just becomes a headache, sometimes in ways you can't even control, like people befriending you because you're rich, or family fighting over inheritance issues
floods can't decide to happen when they notice that you're vulnerable to a flood
But places more vulnerable to flood have historically have had more flood damage! Clearly the floods are strategic about how they come about.
Been a lazy week, which makes me feel uneasy. I sometimes feel like I may have mild workaholism. When there isn't much to do, rather than enjoy the break, I tend to stew in discomfort. I seem to best enjoy myself only after I've had a productive workday.