keithtom

Not quite the same. A lot of “give money away” programs look the same. But the incentive design is important. This program is over 3 years and is monthly. This means a few things: 1) if you make a mistake a blow 1k on stupid things, you have a chance to learn next month 2) it is over a 3 year period, which allows the recipient to make decisions like try go to school to improve their overall productivity in society in the long run

When you do cash relief in lump sums and without any long term reliability, the above effects are diminished.

After 100 years, you have:

Gen 1: 3

Gen 2: 3 + 9

Gen 3: 3 + 9 + 27

Gen 4: 3 + 9 + 27 + 81

Assuming the Gen 1 lives to 100 and each Gen has 3 kids every 25 years, then at the end you have 120 mouths to feed.

100 years of 4% growth above inflation would be rough 50x so 500M. But that assumes no consumption over the 100 years. Either way the growth of people overcomes the growth of resources over time.

What about chain re-org attacks? Without miners the next blocks would be easy to attack and then you lose immutability along with creditability.

Re environmental costs, I have yet to hear anyone make an analysis of the environmental cost of the banking system or an equivalent; that is, how much to warm all the offices, the computers and servers, the transportation costs of cars & planes for all the employees.

Also, proof of stake will reduce 99% of the environmental cost.

Underrated comment

It’s called DAI by makerDAO

just the centralized ones...

1) you could just post the last block ID to an active blockchain or centralized data store if you must, then anyone can download the blockchain via a torrent for example and verify the entire chain; this just requires some trusted data store. If you don’t have one, then you are screwed anyhow and probably shouldn’t have shut down that blockchain.

2) if there is utility in the blockchain, chances are it won’t shut down.

Really? No one going to mention brave.com. It’s chromium based.

I think you are missing some key elements.

It adds a new potential way monetize the web. Currently, the prevailing model is to offer a “free” product, where user data is being collected and sold to whoever is willing to pay.

Brave introduces the ability to pay per use and if you want to, you can opt-in to ads that are targeted based on anonymized data for targeting and you can earn BAT for doing so.

It basically changes the incentive model the ad industry and arguably a lot of the internet.

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making this for my kindle http://readlists.com/c130caf3/

Really interesting article. Sunyata makes me think of string theory for some reason. To give another perspective on 'we are not matter', we can view ourselves as a configuration of atoms.

And if you zoom in more, those atoms (carbon, hydrogen etc.) are just different configurations of electrons, protons and neutrons.

At the end of the day, string theory zooms in even more and says that those particles are made of just one thing - a 'string'. And the different particles are manifestations of strings vibrating w/ different energies and patterns (like how a musical instrument makes different notes w/ different vibrations).

That idea paints the universe as as one grand orchestra. Each string not really different from the next (fungibility) and somewhat interdependent. In short, Sunyata.

i dont know but I just signed up. I've been doing RoR for almost two years now ( 8 months at a small company, and 11 months at JP Morgan Chase).

see ya there!