WLKNSN
Will Wilkinson

Any real world macro-level equilibrium is a built up out of smaller systems in equilibrium which are made up of smaller systems, etc. It’s impossible to know, except ex post, how vulnerable the entire system is to some little exogenous addition causing some sub-sub-sub-system to careen out of its seemingly unshakable orbit.

2023-03-19 00:37:05

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As societies become richer, they demand more government. The relationship is so reliable and robust, it’s about asclose as social science gets to a “law”. https://www.niskanencenter.org/cant-make-government-smaller/

2023-03-19 00:32:49

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Not at all impossible!

2023-03-19 00:30:31

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What do you buy bitcoin with?

2023-03-16 18:53:51

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Went to high school with this guy!

2023-03-15 21:00:35

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Second cousins I think

2023-03-14 20:48:33

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I think this is likely to have HIPAA issues.

2023-03-14 03:32:45

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I will if you put your lnurl in your profile!

2023-03-14 03:23:42

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It’s pretty amazing! Given where we were a year ago, I can’t believe that they opened Oroville to be sure it could handle the coming immense snow melt.

2023-03-13 05:40:22

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Congrats! This looks amazing. Might have a couple shots, act like I’ve got that de gruyter money, and live large.

2023-03-13 04:20:52

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Also kudos to California DFPI and NY DFS. Sometimes the system works.

2023-03-13 04:13:20

Deregulation and bad private sector risk modeling caused this problem. The FDIC, Treasury and Fed are doing a great job cleaning up. Zaps are open.

2023-03-13 04:09:12

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They should cancel the Oscars when there’s a bank bailout? WTH?

2023-03-13 04:07:47

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Why believe him?

2023-03-13 00:06:29

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Good point. And insofar as regulators have been coordinating, it’s been to protect consumers and the broader financial system against scamtastic exchange/web3 shenanigans.

2023-03-12 04:07:26

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Thanks! Will check it out.

2023-03-12 00:24:48

I wouldn’t be too smug about bankruns. Bitcoin has value because people believe it does. That numbers in UTXOs are widely agreed to have real monetary value is a remarkably unlikely bit of coordinated textual interpretation, which is a lot more contingent and fragile than bitcoiners let on. I think much of the discomfort around ordinals, for example, comes from the fact that it highlights just how much the meaning of anything within the system is a matter of convention. The durability of the convention that the symbols stored in the big bitcoin database represent money and not, say, a codex of mystic numerology is only minimally a matter of math or consensus mechanisms. It’s mostly a matter of the durability of the belief system that constitute BTC as a synthetic commodity money, which is at least as brittle and prone to sudden collapse as shared belief in the safety of deposits in a conventional bank. Bitcoin isn’t subject to fractional reserve bankruns, but it is subject to a loss of faith, or drift in the worldview that constitutes it.

2023-03-11 23:54:46

Has anyone made a Nostr blogging platform?

2023-03-11 23:19:46

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Anyway, this same problem could happen with 1-to-1 reserves if some part of the reserve is not liquid or immediately accessible.

2023-03-10 05:48:02

Anybody know a good book that touches on why the lack of native identity and payment protocols led to the dystopian status quo internet? Or do I have to write it myself?

2023-03-05 15:46:32

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Sure… the center-right bias of the msm had them casting about for alternatives to Sanders and Warren. They thought Biden was too out of it so landed on Pete.

2023-03-05 01:53:28

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The voting in a caucus is public and totally transparent Miles.

2023-02-20 16:03:45

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OMG, adorable

2023-02-20 08:57:33

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Good question for Miles.

2023-02-20 08:55:58

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No accounting for taste. Cheers.

2023-02-20 07:14:48

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Also, not too interested in explaining what’s wrong with anarcho-capitalism for the 1000th time. If you think it resonates widely, you may want to try poking around outside your comfort zone. The 1619 Project, e.g., resonates widely; MM not so much.

2023-02-20 07:03:04

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His work is derivative and stale. Not worth my or anybody’s time, imo.

2023-02-20 05:29:48

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I’ve met him and think he’s a toxic wannabe

2023-02-20 01:46:13

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He is a boring self-infatuated edgelord.