AdamHodl

AdamHodl's avatar
AdamHodl
npub17lm4...8t66
In an unhealthy codependent relationship with Nostr.
I propose an alternative to "Bitcoin is the hurdle rate". The flaw with that phrase is that there should be a premium on top of the Bitcoin rate when considering an investment alternative. What I propose instead is a risk adjust premium on the Bitcoin power law, which is forward looking. see attached for the model. Where: ​T: The holding period of your investment in years (use 99 for indefinite). ​t_{start}: Days since Bitcoin Genesis (Jan 3, 2009) to today. ​t_{end}: Days since Bitcoin Genesis to the end of your investment (t_{start} + T \times 365). ​5.8: The Power Law Slope constant (Santostasi / Burger coeff). ​Risk Premium: The extra return you demand for execution risk (non-monetary risk). image
Society would be better served if it ranked and controlled what Government could post online based on the trust it has earned from the People. Israeli tech CEO Shlomo Kramer calls for US to limit First Amendment rights | Fox Business
I'm rewatching The Orville, a Star Trek inspired show that takes place in the distant future. It's wild how poorly that show aged in just three years. Only one artificially intelligent robot on the ship? It's created by an alien species, and did not originate form Earth?
Technology that has shifted human civilization typically has been in the realm of advancements in communication. Or in other words, reducing friction between people coming together. Tech we consider standard or even obsolete spurred an immense amount of innovation which typically did not build upon them the way we would consider layer 1 technology, but influenced societies all together. Airplanes, automobiles, telegraphs, phones (in all their forms), were time machines that catapulted the user forward faster and farther than they would have ever reached otherwise. They reduced latency between people interacting. Even more recently, going from 2g to 3g to 4g and now 5g, we saw humanity propelled forward because the reduced friction, measured in latency and bandwidth, allowed for us to communicate and collaborate faster. AI is a lever that will undoubtedly help more men and women move the world, but it's not yet in the same category as the technology that reduces friction between human interaction. It's a productivity gain that magnifies what one person can accomplish. I am not yet sure if it will be a net positive on humanity, though. Depends on how we address property rights in a brave new world and whether income becomes conditional on foregoing civil liberties. Getting incentives right to spur innovation and stabilize society will be tough. I think technologies like Neuralink may actually be more positively impactful on societies, because it resembles other innovations in the past that have done the same, in that it can reduce latency and increase bandwidth in communication. It will have its dangers at first, undoubtedly, but within a few generations, I have faith those will be worked out through an anti-fragile system, because we share incentives, regardless of class, for it to be, and it can become ubiquitous.