Governments need to regulate crypto. Without regulation, you get ponzi schemes.
IMO the ideal balance is to allow legitimate exchanges like Coinbase to only offer established cryptos like Ethereum and Bitcoin than have a decent price history
Given that the supply of these two is mostly no longer held by the teams, it's reasonable to treat them like commodities.
If people want to take their Ether and Bitcoin off exchanges and do stuff onchain, that acts as a filter for the idiots.
In general, we vastly underestimate the importance of social parasites. And I don't mean people on welfare. I mean organizations that exist to extract some kind of rent from us and do a lot pf harm in the process.
A technological society creates massive amounts of surplus that in theory should be shared out equally between everyone - but in practice there's a huge incentive to do anything you possibly can to steal all of that surplus for yourself and your associates, even at the cost...
Apr 23 • 5 tweets • 1 min read
Mijic's law of cynicism: however cynical you are isn't enough, even when you take this law into account.
2022 has been a good year - a bumper year - for extreme cynicism.
The left just call everyone they disagree with "Nazis" in an entirely cynical and opportunistic way?
Doesn't go far enough. They will literally send weapons to modern neonazis and feel good about it if the NPC puppet masters tell them to.
Apr 22 • 4 tweets • 2 min read
A reasonable question here from @StruanCurtis: human population is quite large, why do we need to worry about population collapse?
(1) Dysgenics: reduced fertility tends to hit people with high human capital.
Apr 21 • 4 tweets • 1 min read
LGBT advocates want equality over teaching children about sexuality.
The problem with this is that LGBT people mostly don't produce children. Each child that gets diverted from a "cis-straight" life-path to an LGBT life path is an evolutionary dead end as they won't reproduce.
@ConceptualJames and others are "preaching to the choir" when they deliberately mix up pedophilia with gender indoctrination, rather than really trying to win the war.
It's like Kadyrov posting Instagram photos of himself in prada boots with but not actually in Ukraine.
Apr 4 • 13 tweets • 5 min read
If you want a very simple model of why insane leftism is winning so hard at politics, I think it goes like this:
Political power is controlled by elites, not by commoners. Commoners lile #Maga don't have the intelligence or competence to win any kind of sophisticated conflict.
So, elite populations get to decide what happens.
OK, but why have the elites gone crazy? I think this is partially a product of increasing wealth. When people are rich and happy, they are *desperate* to virtue signal. This has upsides: it makes people more kind and cooperative.
Apr 3 • 5 tweets • 1 min read
I am not going to claim that Russia only kills civilians "by accident" at this stage. The situation on the ground is fluid and many claims are being made.
If there have been large-scale atrocities committed, we'll probably have plenty of time to condemn them.
At the same time, I wouldn't deny that atrocities happened. At this stage it's too early to be sure and the information environment is extremely rough.
What we have seen so far *looks* like mass killings of civilians by Russian soldiers at a scale of say a few hundred people.
Mar 31 • 4 tweets • 2 min read
Game theory to the rescue: the reason that people frequently ghost people rather than explicitly reject them is that by rejecting someone you create a dangerous, vengeful person, but if you just ignore them then that sliver of hope keeps them safe.
The official lines that we're getting about escalation risks from MiGs flying across the border are bullshit, the real reason we're not giving that kind of assistance is that it would work too well and therefore precipitate escalation.
Mar 24 • 5 tweets • 2 min read
☭ RETVRN TO TRADITION ☭
I wonder whether this is true though. It would be pretty significant if it was; maybe this is what the plan for all of Ukraine was?