rogueSkib | 4 years ago | on: On anyone-can-spend Pay-to-Taproot outputs before activation
rogueSkib's comments
rogueSkib | 4 years ago | on: On anyone-can-spend Pay-to-Taproot outputs before activation
There is a common idea that high monetary velocity (GDP divided by broad money supply) is needed for inflation. However, the data show that this is not the case.rogueSkib | 4 years ago | on: On anyone-can-spend Pay-to-Taproot outputs before activation
rogueSkib | 4 years ago | on: Verkle Trees
I believe this is misinformation, because it assumes that the energy usage is not being well spent - that Bitcoin is a waste - but that assumption could not be further from the truth.
Bitcoin's value lies in its absolute scarcity and immutable monetary policy - it preserves your time spent working in a money that cannot be debased by anyone, ever. There will only ever be 21 million bitcoin.
If your savings is constantly at risk of being debased, not only do you lose purchasing power over time, but you're also incentivized to spend it and invest it as quickly as possible, rather than waiting thoughtfully for the best purchase or investment. You're being forced to have an extra job, as an investor, to even remotely come close to making a good investment. This is assuming that's even an option and that you have access to financial institutions in your country.
Technology is advancing exponentially - it should bring abundance and higher quality of life to everyone in the world. People will get more for less money, i.e. it is exponentially deflationary. With an inflationary monetary policy, where markets and assets prices are supported by the printing of money and will immediately crash if the printing stops, many nations will be forced to print exponentially to fight the deflation caused by technology. In other words, technology should be saving everyone time and energy as it raises productivity, but inflation forces everyone to work harder to keep up.
How can a finite planet support an economic system that demands infinite growth? A money with absolute scarcity solves this by allowing for deflation in prices as technology drives abundance. Fiat and inflationary monetary policy is the root problem driving climate change, and likely many other complex negative externalities.
In addition, I would point out that energy usage is not intrinsically bad. Higher per capita energy usage leads to higher quality of life. The climate issue energy poses is within how the energy is produced, and the majority of that problem lies in the emissions from coal power.
The good news on the energy production side is that a monetary network using Proof-of-Work incentivizes competition between miners globally. As cheaper (or even free, stranded) energy is made available to miners anywhere in the world, miners anywhere else who pay more for energy are pushed out of profitability and have to shut down shop. The difficulty adjustment in Bitcoin mining means that as more miners compete, those paying the most for energy are forced out of the market. This creates a clear incentive for miners to find the cheapest possible energy, which is predominately green and renewable and drives innovation in the space. Cheaper energy is great for humanity. Check out the recent work by ARK / Square exploring this.
Overall, these developments have made me hopeful and optimistic about the future again :)
rogueSkib | 4 years ago | on: 'Minting' electronic cash (1999)
As trust is spread across the network to an increasing number of people running nodes, the trust assigned to any individual participant approaches zero.
This can be observed in the resilience of the network, as it self-heals against any attacker or alternative fork from the consensus.
Bitcoin has democratically ossified into a store-of-value with absolute scarcity, deterministic monetary policy, and a priority on decentralization. It's extremely unlikely that those attributes will be compromised.
rogueSkib | 6 years ago | on: Interstellar space even weirder than expected, NASA probe reveals
rogueSkib | 6 years ago | on: Interstellar space even weirder than expected, NASA probe reveals
rogueSkib | 6 years ago | on: iPhone 11 Pro and iPhone 11 Pro Max
while enabling an unprecedented leap in battery life to easily get through the day
rogueSkib | 6 years ago | on: Three Tribes of Programming (2017)
* Source Code: Your code is clean enough for you. Your top priority is thorough documentation and intuitive API design.
* Execution: Critical around bottle necks, like large batch processing and build times, otherwise it doesn't matter. Iterate and optimize based on feedback from your devs.
* Correctness: The program should function exactly how it's described to function in documentation. If something unexpected happens, the error is clearly and concisely exposed to the developer so that they can understand what they did wrong.
* UI: Usually not a thing, but when it is, your users are developers and they should be able to figure it out ...
Personally, I'm a gamedev, super in Camp 3. I've worked with a lot of folks who could care less about product and polish, but love making their colleagues lives easier. It's pretty similar to Camp 3 in the sense of "making for your users", but the skillset and priorities are very different.
Favorite languages: TypeScript
Hangouts: npm, github, anywhere open source code is distributed
rogueSkib | 9 years ago | on: I made an iPhone game with PhoneGap and won't do it again
rogueSkib | 9 years ago | on: I made an iPhone game with PhoneGap and won't do it again
Source: https://github.com/rogueSkib/orcrun Playable: http://rogueskib.github.io/orcrun/
rogueSkib | 9 years ago | on: I made an iPhone game with PhoneGap and won't do it again
Github: https://github.com/gameclosure/devkit Docs: http://docs.gameclosure.com/
rogueSkib | 10 years ago | on: Vietnam's startup queen
rogueSkib | 12 years ago | on: Neil deGrasse Tyson’s Scientism
rogueSkib | 12 years ago | on: Today I Deleted My LinkedIn Account; You Probably Should Too
A few days ago, I received an email from LinkedIn displaying an old friend who wanted to connect. I was excited to see an old familiar face, so I logged in and eventually found a way to connect with him. Today, I received an email again for the same person, saying my invitation to connect was still standing. I clicked through the links in the email this time, and was walked through a multi-step tutorial, that tricked me into sending 16 invites to random people I have never met before. They had a list of potential connections, only one of which I wanted to make, so I took the time to uncheck all the other boxes beside strangers. When I hit their continue button, it told me I had sent 16 invitations ... apparently the list I had just seen was actually scrollable, but by design, it was very difficult to tell that there were 16 hidden users I had to scroll down to see. Very frustrating.
rogueSkib | 13 years ago | on: Judge Says Mathematical Algorithms Can’t Be Patented
rogueSkib | 13 years ago | on: Mathematics Cannot be Patented. Case Dismissed
rogueSkib | 13 years ago | on: 9 Year Old Girl RPG Kickstarter ... A Pack of Lies?
This reddit post sums it up: http://www.reddit.com/r/MensRights/comments/1awr1n/millionai...
The authors dug up some of her old tweets, and it's clear that Susan tends to behave unethically.
Also breaches Kickstarter rules: You can't fund your life (i.e. pay my tuition, or camp expenses). She is spamming all over twitter, including celebs.
Older siblings give younger siblings a hard time in general, regardless of gender; it's an evolved behavior, similar to baby birds pushing siblings out of the nest.
rogueSkib | 13 years ago | on: Mother raising money through Kickstarter to send daughter to RPG camp
rogueSkib | 13 years ago | on: Mother raising money through Kickstarter to send daughter to RPG camp
As your access to supply increases, your demand for more monetary units decreases. As your demand for monetary units falls below your demand for other goods and services you want in life, you spend some of it.
This is how markets function, right? This is why bubbles pop for example, eventually holders of an asset reach a price where they want to take some off the table.
"Everyone has a price."