zoshi | 4 years ago | on: Turkey bans use of cryptocurrencies for payments
Taxation and financial privacy are not mutually exclusive. Taxation and cryptocurrency are not mutually exclusive. Cryptocurrency and banking are not mutually exclusive.
zoshi's comments
zoshi | 4 years ago | on: Turkey bans use of cryptocurrencies for payments
Cash is opaque, yet governments have been funding themselves via taxation for thousands of years.
If government charged a flat rate for its services, tax evasion would become impossible. One would simply show a proof of payment. This would only be ~$10k/year in US according to its current tax receipts and population. Property tax is also impossible to evade.
zoshi | 4 years ago | on: Turkey bans use of cryptocurrencies for payments
Lightning and sidechains can handle thousands of TPS. Monero has adaptive block sizes, and is estimated to be able to perform 1500-2000TPS.
Privacy is a feature, not a bug. I don't want people knowing how much money I have.
zoshi | 4 years ago | on: There’s Nothing to Do Except Gamble
All trade is speculative. Prices are a result of speculation between buyers and sellers.
zoshi | 4 years ago | on: Ask HN: Why is stock market booming when the economy is struggling?
Is the economy struggling?
Consumer spending has completely rebounded to previous levels: https://tradingeconomics.com/united-states/consumer-spending
Manufacturing output has also completely rebounded: https://fred.stlouisfed.org/series/OUTMS
Unemployment has fallen back to 6%, near prepandemic levels https://tradingeconomics.com/united-states/unemployment-rate
And the technology sector never really slowed down. Many tech companies experienced high growth during 2020.
zoshi | 4 years ago | on: Logica, a novel open-source logic programming language
A major difference between Datalog and SQL is that Datalog uses set semantics, whereas SQL uses bag semantics. For those not aware, that means facts in datalog are unique. SQL’s equivalent to facts (records) are not unique, and relations can contain duplicates.
zoshi | 4 years ago | on: Coinbase’s listing may break records
The government helped create both the 1929 crash and the Great Depression. The US suspended the gold standard to pay for the first World War. Commercial banks were flooded with money, and when inflation got out of hand the Fed tightened rates in 1928-29. Then after the crash, the government implemented all kinds of disastrous economic policies, including wage and price controls, and a massive trade war with Smoot-Hawley tariff act, destroying imports and exports. The Fed shrank the monetary base by 7% 1929-1930, one of the largest tightenings in 20th century. The Fed helped create the crash then applied disastrous monetary policy after the crash, none of which was a result of a gold standard.
zoshi | 4 years ago | on: CEO of a top Bitcoin exchange warns: crackdown on cryptocurrencies may be coming
Leviathan awakens
evil eyes look everywhere
blind to my Monero
zoshi | 4 years ago | on: Ask HN: Why no-one is disrupting politics/government?
One attempt to hack representative democracy is a party controlled by an app. It works like this:
An app is created which lets citizens vote on every issue in the legislature. A party is formed whose elected members vote according to the app results. Citizens elect members from this party. Once the party achieves an elected majority, the legislature becomes controlled by the app, and transformed into a digital direct democracy.
There’s a few projects that attempted this. The one that’s still active is Flux Party of Australia: https://en.m.wikipedia.org/wiki/Flux_(political_party)
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