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Skyler
Skyler@primal.net
npub1330v...2k82
Founder of Finite Supply, a design agency for bitcoin companies
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skyler 1 year ago
In 1947, two days after clipping Cuba and Florida, a hurricane was drifting out into the Atlantic. All predictions had it remaining at sea without further landfall, making it the perfect test subject for the newly minted Project Cirrus, a U.S. government- backed project bent on discovering a way to disable deadly hurricanes. The researchers planned to seed the hurricane’s clouds with dry ice, hoping that the ice would interact with the clouds and disrupt the cyclone’s internal structure, thus weakening it. So on Oct. 13, 1947, a plane flew over the storm and dumped 80 kilograms of dry ice into the storm’s swirling clouds. What happened next was a worstcase scenario: Instead of dissipating, the storm furiously swung nearly 130 degrees to the west and smashed into Georgia, where it caused $2 million worth of damage. Threats of lawsuits soon followed, with Georgia residents blaming the government for the devastation. Project Cirrus was all-but shut down before it truly began, and any research into weather manipulation was repudiated for decades.
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skyler 1 year ago
When the bitcoin invoice gets paid right before a pump image
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skyler 1 year ago
Which hat looks better, Ten31 or My American Bitcoin hat? Help me settle my blood feud with Ten31 over @ODELL ‘s cranial real estate. image
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skyler 1 year ago
“Miracles are not contrary to nature, but only contrary to what we know about nature” CS Lewis
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skyler 2 years ago
lnbc210n1pj5jatqpp5609uq25pp8e9rat2kuuq9t2ex0yqwf0laupenl8ayqr459rdfejsdqqcqzzsxqyz5vqsp5skrhqcqh7txtjm0mmllltfsyw4txq0y7zes76d7lhfvy776w66vq9qyyssqsy0fczsqug2wxkpgag6r0r6gtel4hnp08hrp523jsf3prfxxwv3n4qs8ztn68fjhrpzze94vdrcx7v363lhkf298y70vd9wh86k35lqpqgdsen
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skyler 2 years ago
“As a good rule of thumb, proprietary technology must be at least 10 times better than its closest substitute in some important dimension to lead to a real monopolistic advantage.” - Peter Thiel
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skyler 2 years ago
Alway always always make sure you understand the problem before solutionizing.
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skyler 2 years ago
“Nukes are fake” is one of my favorite CTs
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skyler 2 years ago
Heuristic: Whenever you hear the phrase “consenting adults” prepare yourself to hear about something disgusting
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skyler 2 years ago
There is a very good reason for Bitcoin-backed banks to exist, issuing their own digital cash currency, redeemable for bitcoins. Bitcoin itself cannot scale to have every single financial transaction in the world be broadcast to everyone and included in the block chain. There needs to be a secondary level of payment systems which is lighter weight and more efficient. Likewise, the time needed for Bitcoin transactions to finalize will be impractical for medium to large value purchases. Bitcoin backed banks will solve these problems. They can work like banks did before nationalization of currency. Different banks can have different policies, some more aggressive, some more conservative. Some would be fractional reserve while others may be 100% Bitcoin backed. Interest rates may vary. Cash from some banks may trade at a discount to that from others. George Selgin has worked out the theory of competitive free banking in detail, and he argues that such a system would be stable, inflation resistant and self-regulating. I believe this will be the ultimate fate of Bitcoin, to be the “high-powered money” that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today. Hal Finney December 30, 2010