David Gerard
the guy who got Elon and Grimes to hook up, destroying Twitter and then Reddit
[flagged]
I liked this comment on the HN post:
Our computer security analogies are modeled around securing a home from burglars, but the actual threat model is the ocean surging 30 feet onto our beachfront community. The ocean will find the holes, no matter how small. We are not prepared for this.
Not gold, but some countries do work to an officially restricted money supply! Those that have officially dollarised, e.g. El Salvador and Ecuador.
I’m familiar with .sv. The government is horribly constricted - because they can’t print money and the populace doesn’t trust them to print money - so every year it’s more sovereign bonds. Then a fuckwit like Bukele comes along and thinks that bitcoins will make anything better and not worse.
So yeah, turns out past 1930 that not being able to do monetary policy fucking sucks.
the original post is fucking amazing
here in the future, nothing fucking works