Hacker News: l0ng1nu5

New comment by l0ng1nu5 in "The Crypto Crises Are Coming"

l0ng1nu5 — Mon, 04 Aug 2025 23:57:25 +0000

>All the incentives for stablecoin issuers are to invest at least some of their reserves in riskier assets to get higher returns.

No.

The GENIUS Act requires 100% reserve backing with liquid assets like U.S. dollars or short-term Treasuries and requires issuers to make monthly, public disclosures of the composition of reserves.

https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-pr...

New comment by l0ng1nu5 in "Australia Wants to See Your Papers Before You Press Play"

l0ng1nu5 — Mon, 21 Jul 2025 09:38:28 +0000

It boggles my mind that they gave police a legal avenue to take over accounts and modify data a few years later:

The Surveillance Legislation Amendment (Identify and Disrupt) Act 2021 (SLAID Act) introduced new powers for Australian law enforcement to combat serious cyber-enabled crime. These powers include data disruption warrants, network activity warrants, and account takeover warrants.

https://theconversation.com/facebook-or-twitter-posts-can-no...

New comment by l0ng1nu5 in "Colombia seizes first unmanned narco-submarine with Starlink antenna"

l0ng1nu5 — Mon, 07 Jul 2025 02:33:40 +0000

What costs are you talking about? By just about every humanist and economic metric there are only benefits to decriminalisation.

New comment by l0ng1nu5 in "Colombia seizes first unmanned narco-submarine with Starlink antenna"

l0ng1nu5 — Sun, 06 Jul 2025 05:51:16 +0000

The only conclusion i can draw from all this insanity is that the powers that be want things to be this way.

New comment by l0ng1nu5 in "Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B"

l0ng1nu5 — Sat, 05 Jul 2025 05:16:32 +0000

It was jack.

New comment by l0ng1nu5 in "Billionaire Brain Wave: Transform Your Mindset for Success"

l0ng1nu5 — Sat, 05 Jul 2025 03:10:25 +0000

Since you developed the system, I assume you're a billionaire then?

New comment by l0ng1nu5 in "Australians to face age checks from search engines"

l0ng1nu5 — Wed, 02 Jul 2025 05:07:23 +0000

Agreed but would also add the ability to prosecute anyone who writes something they don't like/agree with.

New comment by l0ng1nu5 in "Show HN: Confidential computing for high-assurance RISC-V embedded systems"

l0ng1nu5 — Fri, 23 May 2025 01:48:10 +0000

This area is where I see riscv excelling ahead of current proprietary options. I don't think it can compete on speed in terms of general purpose computing at this point.

The way I see it, once guaranteed security is offered, security conscious IT admins will insist on using it and the herd will eventually follow.

New comment by l0ng1nu5 in "Claude 4"

l0ng1nu5 — Fri, 23 May 2025 01:31:09 +0000

Life imitates art imitates life.

New comment by l0ng1nu5 in "Tesla Board Opened Search for a CEO to Succeed Elon Musk"

l0ng1nu5 — Thu, 01 May 2025 01:37:53 +0000

They can't do that or else the stock goes back to a sane p/e.

New comment by l0ng1nu5 in "Chinese mathematicans in US say they cracked century-old fluid mechanics puzzle"

l0ng1nu5 — Tue, 22 Apr 2025 09:07:45 +0000

Thanks for the response, I was kind of hoping it might have a bigger impact, perhaps in modelling of climate or weather.

New comment by l0ng1nu5 in "Chinese mathematicans in US say they cracked century-old fluid mechanics puzzle"

l0ng1nu5 — Tue, 22 Apr 2025 03:00:52 +0000

Didn't see this posted, wondering if anyone has an opinion as to the veracity and implications? Apologies if this is a duplicate.

Chinese mathematicans in US say they cracked century-old fluid mechanics puzzle

l0ng1nu5 — Tue, 22 Apr 2025 03:00:52 +0000

Article URL: https://www.scmp.com/news/china/science/article/3302657/chinese-mathematicians-us-say-they-have-cracked-century-old-fluid-mechanics-puzzle

Comments URL: https://news.ycombinator.com/item?id=43758706

Points: 3

# Comments: 4

New comment by l0ng1nu5 in "The Demoralization is just Beginning"

l0ng1nu5 — Wed, 05 Mar 2025 10:32:10 +0000

I said developed country which is a pretty major distinction. Maybe my definition is off but it appears to prescribe the printing of currency which is consistent with what we've seen in most major economies and low and behold - we have rising inflation and wealth inequality.

New comment by l0ng1nu5 in "The Demoralization is just Beginning"

l0ng1nu5 — Wed, 05 Mar 2025 08:22:15 +0000

The US since the GFC is probably the most obvious one.

As I understand it, pretty much every developed country employed mmt practice in response to covid.

Now we have (even more) rampant inflation and wealth inequality with no sign of slowing down.

New comment by l0ng1nu5 in "The Demoralization is just Beginning"

l0ng1nu5 — Wed, 05 Mar 2025 07:12:25 +0000

> I prefer my economic takes from economists, or people who actually study these things.

Keynesian economists and now mmt advocates are the reason that most of the productivity gains of the last hundred years have ended up in the hands of a few hundred people while most struggle.

I'd say it's high time to stop listening to these people who are nothing more than useful idiots of the elites.

New comment by l0ng1nu5 in "Ross Ulbricht granted a full pardon"

l0ng1nu5 — Wed, 22 Jan 2025 05:19:27 +0000

>it's not like there's a chain of provenance, and there's no particular guarantee that whatever grade of pure drugs was sold on Silk Road is the same purity that ended up in peoples' bodies.

The fact that the majority of listings on the site were for personal use quantities suggests that the majority of sales were to end users rather than traffickers.

It's hard to dispute that this saved lives and I would speculate that it saved many lives.

>That doesn't mean that large sales weren't made, or that those weren't in fact a significant portion of the site's revenue.

Nobody made any claim that large sales weren't made, of course they were.

New comment by l0ng1nu5 in "Ross Ulbricht granted a full pardon"

l0ng1nu5 — Wed, 22 Jan 2025 03:02:36 +0000

>We tried that, it was called the opioid epidemic and Purdue was the pharmacist.

Not really, this was a case of a private company deliberately pushing narcotics for profit without oversight or any associated increase in access to treatment options.

Now the "opioid epidemic" has been replaced with a "fentanyl epidemic" which is objectively a much more dangerous drug with absolutely no regulation and murderous cartels instead of doctors - and we're still throwing people in prison for the crime of being addicts rather than treating it as a medical issue.

I don't know the stats (or if it's even possible to accurately collect statistics due to prohibition) but I'm fairly certain this costs more lives than the short lived opioid epidemic.

New comment by l0ng1nu5 in "Ross Ulbricht granted a full pardon"

l0ng1nu5 — Wed, 22 Jan 2025 02:46:33 +0000

Least amount of harm to both the individual and society as a whole whilst recognizing people's fundamental right to bodily autonomy.

New comment by l0ng1nu5 in "Ross Ulbricht granted a full pardon"

l0ng1nu5 — Wed, 22 Jan 2025 01:35:34 +0000

Touche, however there is plenty of evidence of people throughout history making this assertion, including MLK.

He was trying to create a more just, egalitarian society. I don't understand how you can consider acting in accordance with leading research on successful drug policy "moronic"?