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212 sats \ 3 replies \ @Undisciplined 6h \ on: Specialization: Dividing Responsibility to Multiply Productivity econ
I don't have a "more or less?" answer for you, but this is something that's fascinated me since I first read Adam Smith.
Highly specialized tasks so obviously underutilize human abilities. For instance, I'm specialized into analyzing data, which requires precisely zero of my physical ability. But, I'm a lot smarter than I am athletic, so my time is most productively spent on purely thinky stuff.
Maybe in a sufficiently specialized and wealthy economy there would be jobs that require my full set of abilities and pay even more. Tasks have been getting increasingly complex since the assembly line days of people literally doing the same single motion over and over again.
There's also a tie-in with your post about whether we have enough already. Job satisfaction and work-life balance probably deserve more consideration than people give them. Most of us can probably afford to accept less pay and may find more benefit from a more fulfilling job than we get from the extra consumption.
What I'm going to say is 100% pure speculation, I haven't put hardly any time into the NAKA deal, but I have evaluated other of these PIPE deals....
David's sorta panicked state over the last few days, and his now very sincere effort to "reassure" stockholders leads me to believe he got over his skis a bit here.
Odds are he was either told, or just sorta assumed that all the PIPE investors weren't just going to dump once they unlocked. He probably felt something like "Bitcoin treasury companies are such a good long term hold why are they going to dump for a mere 2x return, when it could be 10x a year from now".
But, well welcome to wallstreet. Now its dawned on him that he has unwittingly dumped on his core constituency. Obviously this situation can turn around...and maybe now all the profit takers are cycled out....but nonetheless he definitely gave off the vibe that he is stressed.
Any on-chain transaction is pseudonymous, right?
Even if you improved your privacy by generating a new address for every transaction you received, you forfeit that privacy benefit by sharing all of your addresses with someone else's server every time you sync.
I don't think i'd buy daily necessities using sats unless it's from a platform that I trust to deliver it to me speedily and efficiently, and in which I have some reasonable ability to resolve disputes with.
That's why I said in a previous comment that the first order of business for a bitcoin merchant is to build a product/platform that people actually want to use. I think the idea of wanting to build a bitcoin business before focusing on the product itself is putting the cart before the horse.
Ultimately, I voted for "No I like shitcoining gift cards" because that's my practice right now. Most of my bitcoin spending, other than on SN, SNZ, and a few merch items here or there, has been gift card purchases.
Almost certainly, according to the premiere LN prediction market
Unappreciated his take on social media as a beneficial presence in modern society:
The next point is an optimistic one: social media has transformed information flow. Historically, people traded information at the barber shop or fish market, acting as both conveyors and recipients. Big media disrupted this, turning us into passive consumers of TV lectures by the state and a bowdlerized press. Now, platforms like TikTok and X allow us to both share and receive information, returning to a natural model.
Everybody loves to hate on social media, despite almost everyone using it to some extent. And the effects haven't been all bad.
Also liked this one:
In Europe, governments account for 40–50% of GDP (higher in France particularly if you include education). In the U.S., it’s higher than reported when you include local government and recent interventions. A century ago, governments were under 15% of GDP, often less than 5%.
A limited-government conservative today is dreaming of what a centralizer was hoping for only a few decades ago.
The same may be said for freedom. As the cliché goes, infringements of freedom that would have sparked revolutions a century ago, lead to mild whining in our current age.
I think I would, but it also depends on how low the price (inclusive of shipping) is compared to fiat.
I'd also prefer bulk orders in that case, since I don't want to have to spend too much time managing the logistics of ordering.
It's the only way macOS can scale without making a blurry mess
5k (
2880p) -> (1440p) = good on a 27"
4k (2160p) -> (1080p) = okay on a 27"
everything else: trashwhy? macOS re-renders with antialiasing the whole display output, it doesn't scale windows.
It's a relic of the past (20 years ago), and a perfect example of technical debt. It was really good back then, with resolutions like
1920x1200 or 2560x1600, you couldn't spot a difference. But now it's really unbearable, Apple had to make 5K displays or odd resolutions for macbooks to circumvent this, and even with this you can only get crisp text by going with half resolutions.Ironically, if you use X11 apps on macOS (thanks NeXTStep legacy), you can have better scaling lol
Living on credit is basically spending money you don’t have, and you’ll pay extra for it too. There’s some “good credit,” yeah, but most of the time, it’s smarter to just save up and then buy.
Us and a bunch of degens spamming pics, I guess.
Why do you use it?
On hot wallet basically because its what wasabi coinjoin does most for smaller sized outputs, so it's just a thing for joining the larger anonset. I do think that this is a more recent development; iirc i used to have more p2wpkh before. I don't really care either way on hot. Most of it gets spent through LN often sooner rather than later.
On cold wallet, the honest answer is because i thought it was cool that an observer doesn't know whether its a script or a pk output. Which is, I admit, a dumb reason and i should have skipped it until at least there was a battle tested FROST implementation I could use. So yeah... feel free to call me a retard on that one.
Well thank you for setting the bar higher and challenging us to scale it. For me at least, I’m encouraged to slow down and give more time for my thoughts to take expression
Fall of the House of Usher was a decent watch. Recommend for all you Poe-heads.
So was The Pale Blue Eye
You and I have probably both heard most of the arguments for and against the removal of filters. Let's see if we can take the conversation somewhere new:
How would you react in the following case:
- Bitcoin Core decides to leave the datacarriersize default at 80
- A bunch of new nodes running Libre Relay start showing up, so much so that they account for 20% of Bitcoin nodes.
What do you do?
I hardly think the above argument is one of trust. I think he makes a reasonable case for why filters are not an effective solution to the problem of spam.
My recently gained perspective is that when you don't have money, then debt is a trap and you want to get out of debt as soon as possible.
On the other hand, if you actually have enough money and you are "rich", then in the current money system, debt is actually a very good strategy to use. This is of course messed up, but also it's a reality. Bitcoin makes this situation better.
When you talk to people that are very rich, the money works differently for them. Money can essentially be created from nowhere for them. You want 50M USD? Sure, let's round it to 100M because that's a nicer number. The amount truly doesn't matter - what matters is what cashflows it creates.
This particular hearing is from 13Nov2024, at least what's live right now. Don't know if it's a loop of the big three hearings over the last 2 years.