boogoob | 2 years ago | on: Change my mind: Density increases local but decreases global prices
boogoob's comments
boogoob | 3 years ago | on: Why was Roman concrete so durable?
Isn't the particularly short lifespan of modern concrete construction mostly a combination of its use in areas with regular freeze-thaw cycles and using a reinforcement material that rusts (and in doing so expands, damaging more concrete and hastening further water inclusion)?
boogoob | 3 years ago | on: $477M FTX ‘hack’ was a Bahamian government asset seizure
A large portion of the transferred assets were quickly traded to ETH. I wouldn’t expect that from an “asset seizure”.
Maybe the seizure didn’t happen until after the hack?
boogoob | 4 years ago | on: Self directed IRAs under attack in proposed tax bill
They can't contribute to a Roth IRA, but they can contribute to a Traditional IRA, just without a deduction.
https://www.irs.gov/retirement-plans/plan-participant-employ...
boogoob | 4 years ago | on: Self directed IRAs under attack in proposed tax bill
Oh actually, if you go and read the bill text they link, there is in fact a cap at $10m along with other measures to close up loopholes. Starting at section 138301.
https://www.advantaira.com/wp-content/uploads/2021/09/WM-Tax...
boogoob | 4 years ago | on: Self directed IRAs under attack in proposed tax bill
Given the relatively low cap on IRA contributions, it's not directly an issue of income, but rather your access to high-return investments like early-stage stock options.
Of course, someone with lots of investments will have the luxury of just making the highest-payoff ones with their IRA funds.
Independently, in the rest of the bill [1] there are lots of reasonable things like a $10 million IRA cutoff limit.
1) https://www.advantaira.com/wp-content/uploads/2021/09/WM-Tax...
boogoob | 4 years ago | on: Self directed IRAs under attack in proposed tax bill
Presumably meant to address high net worth individuals completely dodging taxation on huge gains by using their IRAs for investments like exercising early-stage stock options.[1]
I kind of wish they'd go with just capping the gains, but would I still say that if I wasn't planning to use mine to "fund" high-return cryptocurrency arbitrages?
1) https://www.forbes.com/sites/sarahhansen/2021/06/24/peter-th...
boogoob | 4 years ago | on: Filecoin, StorJ and the problem with decentralized storage (2019)
One general solution is to have persistent nodes in the network that develop reputation over a duration of time, who perform operations that can't be done entirely trustlessly. In Storj's case these are called Satellites.
> Whenever a Satellite on the Storj network has a less than stellar payment, demand generation, or performance history, there is a strong incentive for the storage nodes to avoid accepting its data. When a new Satellite joins the network, the participating storage nodes will commence their own vetting process. This process limits their exposure to the new and unknown Satellite, while building trust over time to highlight which of the Satellites have the best payment record.
They also incentivize complete file delivery by paying for chunks of bandwidth as they're used to deliver the file, rather than all up front.
boogoob | 4 years ago | on: Filecoin, StorJ and the problem with decentralized storage (2019)
I agree that all the concerns can be mitigated. But they're not just theoretical, they're also issues with the current implementations—some of which remain a year and a half after this was written.
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Short term, the supply for a specific area increases while other factors are basically constant, exerting downward pressure on prices.
Long term, the positive effects of density increase the desirability of the area, pushing prices up.