It seems that most comments posts are either pro bit-coin or anti bit-coin, but both sides seems to make wrong arguments based on a flawed thinking of mining.
A fixed amount of bit coins are mined (on average) per unit time. Thus, how much work it takes to mine a coin depends solely on the number of miners. Econ 101 theory tells us that the aggregate costs of the miners will equal their aggregate rewards. So, the total cost of mining (hardware, electricity, people's time who work on it) will equal the reward.
That's all that's happening with mining. No for either side to complicate it and make it seem like more is there.
"Maybe my indirect reading is biased by the most prominent cultural exports of the US, or their the most vocal representatives"...
Most of the cultural exports of the US are driven by economics, i.e. what can sell to worldwide audience.
Having lived in the US and traveled extensively throughout the world, it is my opinion that the average people in most countries are much more similar than different. People are people. The people in power may have slightly different agendas and by pushing slightly different things, but that doesn't fundamentally affect the citizenry.
I find it interesting that SV is normally in favor of capitalism and free markets, yet some seem tolerant of the government forcing content owners to license their content at a fixed price.
There is often more inovation in a space when the market participates are left to decide on their own what to do.
Serious question: How to reconcile BI with more liberal immigration laws?
I see a benefit of BI, but I personally see a larger benefit of allowing open immigration (else you have large inequalities based on country of origin).
Thank you very much for sharing this. Two questions:
1) Without an option pool, how do you prevent founders from issuing more options to themselves?
2) On the other side, do the Participation rights include the right to purchase into the option pool when it is created? i.e. is creating the option pool a "offering of new securities".