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  • 343 Stimmen
    17 Beiträge
    11 Aufrufe
    L
    Great interview! The whole proof-of-work approach is fascinating, and reminds me of a very old email concept he mentions in passing, where an email server would only accept a msg if the sender agreed to pay like a dollar. Then the user would accept the msg, which would refund the dollar. So this would end up costing legitimate senders nothing but would require spammers to front way too much money to make email spamming affordable. In his version the sender must do a processor-intensive computation, which is fine at the volume legitimate senders use but prohibitive for spammers.
  • Theoretical Private Age Confirmation -- Possible?

    Technology technology
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    10 Aufrufe
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  • 138 Stimmen
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    115 Aufrufe
    S
    Nobody fucking cares.
  • 376 Stimmen
    51 Beiträge
    27 Aufrufe
    L
    I believe that's what a write down generally reflects: The asset is now worth less than its previous book value. Resale value isn't the most accurate way to look at it, but it generally works for explaining it: If I bought a tool for 100€, I'd book it as 100€ worth of tools. If I wanted to sell it again after using it for a while, I'd get less than those 100€ back for it, so I'd write down that difference as a loss. With buying / depreciating / selling companies instead of tools, things become more complex, but the basic idea still holds: If the whole of the company's value goes down, you write down the difference too. So unless these guys bought it for five times its value, they'll have paid less for it than they originally got.
  • 72 Stimmen
    7 Beiträge
    35 Aufrufe
    F
    I think the issue is people started buying etf instead of using Bitcoin themselves. Bitcoin as such has no value at all, it's only valuable if people use it for transactions.
  • We Should Immediately Nationalize SpaceX and Starlink

    Technology technology
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    496 Beiträge
    728 Aufrufe
    F
    How many of those Saturn V rockets landed themselves back on the launch pad? NASAs milestones were not the same as, nor anywhere near as hard as, SpaceX’s. Your incompetence line shows you’re not capable of being impartial in this so there’s no real point continuing. You’re saying the guy responsible for the EV market we have no, the almost fully self driving cars we have now, the satellite internet network we have now, and the reusable spaceship booster rockets we have now is “incompetent”. You’re not here to actually have a discussion.
  • 131 Stimmen
    67 Beiträge
    225 Aufrufe
    I
    Arcing causes more fires, because over current caused all the fires until we tightened standards and dual-mode circuit breakers. Now fires are caused by loose connections arcing, and damaged wires arcing to flammable material. Breakers are specifically designed for a sustained current, but arcing is dangerous because it tends to cascade, light arcing damages contacts, leading to more arcing in a cycle. The real danger of arcing is that it can happen outside of view, and start fires that aren't caught till everything burns down.
  • *deleted by creator*

    Technology technology
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