Hacker News: sausman

New comment by sausman in "DERO Stargate: Private Decentralized Application Platform"

sausman — Sun, 27 Feb 2022 16:05:10 +0000

A lot to like about DERO:

* Smart Contracts * Homomorphic Encryption (not just obfuscation) for Privacy, Fungibility * Σ-Mining (anyone mining on the DERO network can earn rewards based on the amount of work contributed, instead of a ‘winner-takes-all’ reward model) * Account model * Written from scratch in Go

It's been a pleasure to work with, and the community is great.

Ckd-pre.1: Open web services for dApps [video]

sausman — Tue, 13 Jul 2021 12:00:03 +0000

Article URL: https://www.youtube.com/watch?v=Ngfxjpqr4vg

Comments URL: https://news.ycombinator.com/item?id=27819890

Points: 1

# Comments: 0

Somethin’s Off

sausman — Tue, 13 Apr 2021 11:11:05 +0000

Article URL: https://stackd.com/off

Comments URL: https://news.ycombinator.com/item?id=26790659

Points: 1

# Comments: 0

Reintroduce Free Competition in Currency Act

sausman — Sun, 14 Jul 2019 18:59:44 +0000

Article URL: https://downsizedc.org/free-competition-currency-act/

Comments URL: https://news.ycombinator.com/item?id=20435203

Points: 2

# Comments: 0

New comment by sausman in "It’s Official: This Is Now the Longest Economic Expansion in US History"

sausman — Mon, 08 Jul 2019 14:13:30 +0000

I’m not sure all types of money have this characteristic, but debt-based money in a fractional reserve banking system certainly seems to. The banks are perpetually insolvent because the time structure of their assets (loans) doesn’t match the time structure of their liabilities (“deposits”). At any time a bank run can bring them and the entire economy down. Sure, the government guarantees their deposits, but AFAIK they don’t provide anywhere near enough insurance. Not to mention the moral hazard it creates for banks to act recklessly.

It’s been a while since I read up on the topic, but the origins of fractional-reserve banking sound a lot like fraud that got blamed on the hard money that exposed it. (https://www.amazon.com/dp/1933550287)

New comment by sausman in "Democracy Is for the Gods – Humans Cannot Sustain It"

sausman — Sat, 06 Jul 2019 14:31:37 +0000

People (demos) and power (kratos) tend to not go well together, which is why the US was founded as a democratic Republic with strictly limited power. Many of the founders viewed the state as a necessary evil.

Ben Franklin referred to the US as “A Republic, if you can keep it." I think it’s fair to say we haven’t. Power is no longer viewed as an evil to be restrained, but the solution to our problems.

We need to realize the state is force, and force is rarely the solution to our problems. In most cases it creates more problems than it solves.

New comment by sausman in "Verizon is killing Tumblr’s fight for net neutrality"

sausman — Wed, 21 Jun 2017 23:54:37 +0000

> You might lose your job though.

That's what I was trying to get at. I didn't mean to make it sound like you'd go to jail.

New comment by sausman in "Verizon is killing Tumblr’s fight for net neutrality"

sausman — Wed, 21 Jun 2017 23:51:25 +0000

Interesting, I thought you had to be a special type of corporation for that. My language is a bit strong then.

New comment by sausman in "Erlang/OTP 20.0"

sausman — Wed, 21 Jun 2017 23:39:17 +0000

Yeah, the only thing I've used it for thus far is hashing passwords e.g. https://github.com/riverrun/argon2_elixir

New comment by sausman in "Trump administration has plan to scrap ‘startup visa’ rule"

sausman — Wed, 21 Jun 2017 23:28:13 +0000

Who is supposed to benefit from this? I'm confused.

New comment by sausman in "Verizon is killing Tumblr’s fight for net neutrality"

sausman — Wed, 21 Jun 2017 23:18:43 +0000

Facebook gives away Free Basics "internet". Although I'm not sure I'd call that internet...

New comment by sausman in "Verizon is killing Tumblr’s fight for net neutrality"

sausman — Wed, 21 Jun 2017 23:15:39 +0000

This is my biggest qualm with building a company aimed to sell (either to public markets or another company). You are binding yourself to pursue as much profit as possible through whatever legal means possible. Even if those legal means go against everything you stand for, you have to pursue them because you have a fiduciary duty.

New comment by sausman in "Chicago taxi industry sliding towards collapse"

sausman — Sat, 10 Jun 2017 20:15:33 +0000

Was probably going to happen eventually since Lyft and Uber offer a better product, but it's interesting that the big ride sharing companies aren't profitable yet either.

New comment by sausman in "Are Google, Amazon and others getting too big?"

sausman — Sat, 10 Jun 2017 20:07:54 +0000

> The world is a better place with lots of smaller companies.

I would tend to agree. What's troubling to me is central banks pouring money into the big tech companies. How are small companies supposed to compete with a printing press?

Even if a world with lots of smaller companies serves consumers better, consumers' votes don't matter when central banks can steal their votes via a printing press and give money to the big tech companies.

http://www.reuters.com/article/swiss-snb-stocks-idUSL8N1B738...

http://www.businessinsider.com/1-trillion-in-central-bank-as...

New comment by sausman in "$80k/month App Store Scam"

sausman — Sat, 10 Jun 2017 19:39:31 +0000

I was wondering the same thing.. Maybe the developer was able to remotely flip a switch after the app went through approval to change its behavior and app review didn't catch it? What's really surprising is how long it's been out (almost 2 months)

Experimenting with React and Phoenix Channels (Screencast)

sausman — Thu, 23 Feb 2017 14:35:47 +0000

Article URL: https://www.youtube.com/watch?v=KXPl5j9cQPE

Comments URL: https://news.ycombinator.com/item?id=13714126

Points: 1

# Comments: 0

All about the Stacks

sausman — Sat, 21 Jan 2017 14:55:36 +0000

Article URL: https://medium.com/@sausman/all-about-the-stacks-5d7831d7cff

Comments URL: https://news.ycombinator.com/item?id=13450249

Points: 3

# Comments: 0

New comment by sausman in "Most Danish voters oppose government plans to cut the top rate of income tax"

sausman — Tue, 13 Sep 2016 12:08:29 +0000

Another thing to consider is the size of Denmark compared to the US. It's a much smaller political unit which tends to translate into more responsive politicians. Danes have about half the number of representatives we have in the US but less than 5% of our population.

https://en.m.wikipedia.org/wiki/United_States_congressional_...

New comment by sausman in "Why I’m giving my company Election Day off"

sausman — Sun, 11 Sep 2016 16:24:45 +0000

I wish I could vote every day and have it count. Thankfully this is the case for many goods and services that are provided on the market. If I don't like the product I am getting or where my money is going I simply take my business elsewhere. Providers of goods and services that face market competition are encouraged on a continuous basis to be responsive to consumers or they risk going out of business.

By comparison, voting in elections feels ineffective. Monopolies, even those run by politicians elected every X years, are notoriously bad at serving the needs of consumers. Even if we could vote every day from our phones on who is in charge of a given monopoly, I still don't think it would change much.

New comment by sausman in "How a Libertarian Paradise in Chile Fell Apart"

sausman — Tue, 23 Sep 2014 03:05:40 +0000

Are my descriptions inaccurate?