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agorabinary's comments

agorabinary | 2 years ago | on: Why San Francisco Is a Homeless Mecca

Medical intervention.

You cannot expect the severely mentally ill to "voluntarily" seek medical help - this is the current prerequisite for medical intervention in SF. If a child runs into the street, you don't ask for consent before moving them out of the way of oncoming traffic. The severely ill in this city have less mental capacity than a child and yet we expect them to consent like any other adult. If you truly understand these illnesses you will recognize the futility of throwing money, housing, etc. at this problem.

agorabinary | 3 years ago | on: Legalizing Drugs Is a Terrible Idea

Sure, if heroin required a doctor's note then addicts would hit the streets once they've exceeded their allotment. But I don't need a doctor's note to get weed from a dispensary. The author is attacking a misrepresentation of what drug legalization actually is

agorabinary | 4 years ago | on: Lambda School lays off 65 employees

Chill your hyperbolic outrage. We should be able to talk about sensitive topics like job loss intelligently and in context to the realities of building a startup. Working at a startup is inherently risky and the people who take on the risk are adults. They don't need you to defend them as if they're children

agorabinary | 5 years ago | on: I’ve changed my mind on Bitcoin

That has nothing to do with the dollar. If bitcoin were to match the market cap of gold irrespective of any money printing, it would be $500k a coin. Which is to say that people consider Bitcoin to have properties similar but superior to that of gold.

agorabinary | 6 years ago | on: The Fed Has Bought 70% of Net Treasury Issuance Since October

The Federal reserve injected banks with money, not the economy. One would naturally think that these banks would then lend money to the broader economy (because that's how banks make money), but a law passed around that time allowed banks to deposit their money in the Fed itself and extract an interest rate better than they would get from normal lending. The Fed, which normally ran a surplus (money which goes to the Treasury to pay down debt), began to run a deficit from these payouts. Potential inflation just became more debt. This is why over a trillion dollars in "printed money" failed to yield much inflation over the last 10 years, but let's all just keeping reading ZH articles about the looming "inflation bomb"..

agorabinary | 6 years ago | on: The Fed Has Bought 70% of Net Treasury Issuance Since October

ZH is unmitigated garbage. It began by pushing the standard tropes of goldbug interpretations of the economy with the banker bad, armchair (amateur) realist good and an unrealized schadenfreude of global economic pandemic. Now it's realized that its early readership is just a subset of the broader misinformed armchair conspiracy theorist and has expanded its message to them as well.

Just as easily as someone in software can bullshit their way through a presentation with a couple years cursory understanding of SWE topics, same goes with "researching" and writing a ZH econ article. ZH does not do meaningful economic analysis, look elsewhere.

agorabinary | 7 years ago | on: A Journey to the Disappointment Islands

"In fact, Severo said that no-one could recall the last time a non-Polynesian had come to Tepoto – certainly not in their lifetimes."

I have a feeling this island is about to get quite a few visits from readers of the BBC...

agorabinary | 7 years ago | on: Understanding the Stellar Consensus Protocol

Who cares? The vast majority of Stellar's currency XLM is owned by the founders just like Ripple, and their efforts to distribute this currency to the public are entirely disingenuous. For example, their 2017 airdrop purported to distribute up to 16% of the initial XLM to Bitcoin holders, while less than 10% of that amount was actually claimed (as to be expected when you make people jump through hoops to claim something of dubious value).

The crypto space has an near-infinite supply of new coins and new whitepapers to trap the naturally curious into a hopeless cycle.

agorabinary | 7 years ago | on: BitPatron – A Bitcoin Censorship-Free Patreon Alternative

"Absolutely functional" is when a user can send+receive a payment as effortlessly as Venmo. You cannot do this with LN at any time in the near future - routing payments, automatic channel management, sending a push payment, etc. I don't mean to bash LN but its simply disingenuous when people suggest these features are anything but pre-alpha
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