"we all" in this case refers to the top single-digit percent of holders [1]. It's no small feat to get consensus there! But it's also not very decentralized/democratized and sounds a lot like our existing financial (or societal) systems.
I was locked out of my account for 3.5 years before they worked through the queue far enough to get to me. I stopped using Coinbase long before then though.
Hyperbole doesn't help here. Legalizing four-plexes in your neighborhood will almost never knock a million dollars off your home's value. I bet it'd be hard to find many examples of upzoning causing SFHs to drop significantly in price anywhere.
That wasn't what I was referring to. Net worth is (assets - debts), so the money for a down payment is largely the only part of a house that contributes to net worth at purchase time.
In other words, your down payment should be less than 30% of your net worth. Still hard to do in many places.
Totally. I'm deliberate and happy with the the bubble I've created. It's actually quite diverse in terms of authenticated sources-- the anonymous content is what's heavily filtered.
> It certainly will be better to know of something happening, even if in brief terms, than to be completely in the dark of it.
I don't think so. It's impossible to hear about everything and I feel whatever is newsworthy enough to hit the sources I read is important enough for me.
I completely agree. But it's hard, since "politics" is broad and almost everything touches it in some way.
The main way I've tried to achieve this is by largely limiting what I read to:
1. Authenticated contributors, either people I know personally or hired by companies I trust (e.g. NYT).
2. Anonymous contributors with heavy moderation and filtration (e.g. Twitter, but with O(100) muted words and accounts. My feed is basically just art now and it's delightful).
Again, that's hard to do. I'm still on here for instance.
As long as you don't put more than ~30% of your money into a single asset (e.g. a house), then you're pretty certain to always make money in the long-term.
It takes about 30 W to watch video in a browser [1].
Assuming every internet user watches 85 minutes of video per day [2] (517 hr/year), video consumption is 52 TWh per year. Or less than half of than the bitcoin network.
Google uses 12 TWh per year [3]. Assuming Google is entirely focused on serving the world's video (it likely could), that still is ~half of the bitcoin network.
You're getting a lot of replies but I don't see anyone answering the initial questions. Some really rough math for playing video games:
Assuming I'm playing with someone across the country, I hop 13 routers in a quick traceroute.
Assuming each router is commercial hardware (~400W) and my traffic completely saturates them, that's 5,200W.
Plus the two machines at the end of each line, assuming they're beefy gaming PCs/servers with 1,000W power supplies at 100% load just for this game. That's 2,000W.
Playing a 30 minute Starcraft game comes to 3.6kWh, or two orders of magnitude less than a bitcoin transaction. It's almost certainly less than that since my assumptions were very conservative.
~~~
For something live like a concert, a 54,000 sqft hall uses about 1,100 kWh of power per day (lighting, HVAC). Plus 15kW of speakers for a 6 hour concert is 1,190 kWh. Divided by the 6000 people attending, is 0.2 kWh per attendee. Adding a 10 mile solo drive per person is about 3 kWh. Or again about 2 orders of magnitude less.
~~~
These aren't good comparisons when I could do hundreds of each of the activities you listed for the cost of one transaction.
I use my Honeywell 24/7 and also find it effective [1] and easy to clean [2], even with our "hard" tap water. It might help that I use a good air filter nearby, which solves the dust problem.
I used to use an ultrasonic humidifier like they suggest but definitely prefer the evaporation-based unit.
The article read a little like one of the clumsy actors in an infomercial. The tank slides out and has a screw top! How can they spill so much while carrying it from the sink that it forms puddles?
[1] It goes through a tank almost every day. That water is going somewhere.
[2] I replace the wick and do a light bleach clean roughly quarterly.
0.5% of a big number is a big number. If it were a Google product, I'm pretty sure they'd be happy to get O(10s of millions) users in the first week (or 0.5% of the billions of existing users).
Absolutely. Upzoning never forces owners to "give up their home"-- maybe the issue is owners don't want their neighbors to be able to sell their homes to developers either.
I'd say there's effectively no latency, since most games don't need or benefit from <10 ms response times.
I mainly play twitchy shooters on a fairly high-end PC (CSGO, Tarkov, Q3A back in the day) and was super impressed with Stadia to play games like Assassin's Creed. It felt like I had my PC anywhere, but I attribute that to the forgiving latency requirements for the game.
I wouldn't expect CSGO to work as well (though I'd definitely try it).
I semi-regularly plug numbers into this Buy v Rent calculator by NYT [1]. They're pretty equivalent in the 10-30 year range and match housing prices I've seen.
It's hard to beat the SP500's >8% average return [2].
> Not sure about what anyone here considers as libertarian, but if you were to ask a libertarian what they would tell you is that if you own property you are free to do as you please so long as you do not harm someone else.
I think that's why I'm surprised I don't hear that more. The size of someone's back yard or height of their fence (to a reasonable extent) seems like it wouldn't harm someone else, but they're strongly regulated in much of CA's single-family zoning.
> Also not sure what you mean by lefty orgs, because labor unions, public unions and environmental groups are the biggest lobbyist influence on the high price of housing.
Totally. There are tons of liberal orgs that are contributing to the housing shortage. I mean the few orgs I see advocating for development (eg SF YIMBY, or politicians like Scott Wiener) appear more liberal than libertarian.
Housing seems to me to be one of the most government-planned markets due to the strict zoning laws, but I've only seen fairly lefty orgs advocating for relaxed regulation. I'm surprised there isn't more movement from libertarians along the lines that property owners should have more rights for what they can build on their land.
(I'd argue that highest asking price would be a better comparison, since the seller might have dropped the price. But still useful.)
[1] https://www.redfin.com/city/19457/CA/Sunnyvale/housing-marke...