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Joined 1 year ago
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Cake day: May 27th, 2024

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  • Bitcoin is pretty fast. You get 5 confirmations in about an hour. If you compare it to credit cards, the equivalent thing (clearing and settlement) happens in about 2-7 days.

    Thing that matters to the merchant is a bit different than the thing that happens with the customer. You can build similar layers in front of the customer for crypto payments that make it look like the payment went through in a second.















  • Yeah, these figures are bullshit manipulation. The 1% “real tax rate” figure specifically comes from a fantasy where we imagine that Jeff Bezos’s net worth is his income.

    I still hope Bernie Sanders is better than this, but it doesn’t look good.

    As a concrete example of why this is wrong thinking, let’s consider that you buy a very nice house with a lake from a small secluded neighborhood that seems to be dying for $500K. Then let’s further imagine that you got so lucky that the house you bought was in the center of a new town that for some reason grows magnificently over the next ten years. Things like that happened all the time in the 1900s.

    Your house now in worth $20M. Should you pay income tax for $19.5M even if you don’t sell the house?



  • If we consider UN as being the main arbitrator on who gets to launch a war, then to mention a few instances…

    1950: North Korea illegally attacks South Korea.

    1956: Soviet Union illegally invades Hungary.

    1956: Israel / France / UK illegally invade Egypt. All invaders withdraw after UN condemnation and international pressure.

    1964: USA illegally escalates Vietnam War.

    1967: Israel launches the Six-Day War, illegality debated.

    1968: Soviet Union illegally invades Czechoslovakia.

    1973: Egypt and Syria attack Israel.

    1974: Turkey illegally invades Cyprus.

    1978: Vietnam illegally invades Cambodia.

    1979: Soviet Union illegally invades Afghanistan.

    1982: Israel illegally invades Libanon.

    1983: USA illegally invades Grenada.

    1989: USA illegally invades Panama.

    1990: Iraq illegally invades Kuwait. Got their ass kicked by UN-sanctioned forces though so that worked out fine.

    1999: NATO illegally bombs Yugoslavia.

    2003: US and UK illegally invade Iraq.

    2008: Russia illegally invades Georgia.

    2014: Russia illegally invades and annexes Crimea.

    2015: Saudi-Arabia illegally invades Yemen.

    2022: Russia illegally invades Ukraine.

    I probably forgot a few. No ill meaning meant, just missing knowledge.