Reality has a surprising amount of detail
“Bitcoin losing its lead makes sense to me. What doesn’t make sense is that Bitcoin still has a lead at all and that it still has so many proponents. In terms of actual utility, Bitcoin is inferior in almost every way to several other cryptocurrencies, most dramatically Ethereum”
“A system of this sort—one that produces and exalts generations of hopeless soldiers—requires millions of individual lies and necessitates discarding inconvenient truths.”
An interesting list of why "everything"—tools, inventions, ideas—wasn't created faster and sooner than it was.
"Neither Conway nor Trump himself nor his son-in-law, Jared Kushner — the effective head of the campaign — wavered in their certainty: Their unexpected adventure would soon be over. Not only would Trump not be president, almost everyone in the campaign agreed, he should probably not be. Conveniently, the former conviction meant nobody had to deal with the latter issue."
"The question is: Which coin wins in the end in terms of market adoption, and by inference, market value over the next 12–24 months. If it’s based on the current network effect, Bitcoin will win hands down. If Bitcoin Cash’s philosophy proves to be superior and it can build a bigger network by attracting the businesses than can no longer run on Bitcoin due to high fees, even while sacrificing some areas of centralization, then it has a chance of building the bigger network effect and having a higher coin price as a result."
“But you have to think about the universe of cryptoassets in terms of probabilities, and today, bitcoin cash seems relatively undervalued based on my personal probability estimate (20%) that it takes the mantle from bitcoin as the industry’s dominant cryptocurrency.”
"However as we shall see, small-game fallacies can sometimes arise even in the analysis of some very market-like institutions, such as "prediction markets."
"Since the costs of human ("wet") problems caused by the unreliability and insecurity of web servers running fiduciary code are often far higher than the extra hardware needed to run block chain code, when web server reliability and security falls short, as it often does for fiduciary computations such as payments and financial contracts, it will often make more sense to run that code on the block chain than to run it less reliably and securely on a web server."
Not surprising but pretty wild - the crazy tech behind addicting services
"The risk of war is greater than the public appreciates. There’s a complacency surrounding this crisis, which has been kicked down the road by several American presidents."
“Our drift toward credulity, toward doing our own thing, toward denying facts and having an altogether uncertain grip on reality, has overwhelmed our other exceptional national traits and turned us into a less developed country.”
Estonia’s system sounds awesome. Wary of biometrics used elsewhere though
“All I’m doing is betting half-pot whenever my opponent checks. I’ve given my opponent the benefit of psychic powers, and yet my couldn’t-be-simpler strategy crushes his more considered strategy.”
“Studies from around the world have confirmed that people have an increased risk of dying in the weeks and months after their spouses pass away.”
“There is something seriously disturbing about the situation in San Francisco that must not be ignored.”
“Contrary to Republican dogma, Brown's brand of progressive, green economics hasn't killed jobs – it has spurred the creation of 2.34 million. In the past five years, with just 12 percent of the U.S. population, California has driven one- quarter of America's economic growth.”
old but faaantastic read about the power of narrative in politics