In 2026 I started writing letters. I mean, docs on my computer that will end up printed in physical form, then handed to someone, or shipped to someone in an envelope with a stamp.
I feel I will do more and more of this, this year, as a little experiment. I will most likely experiment with different types of papers, etc.
> Binance founder Changpeng Zhao — who supposedly has no managerial role at Binance after he and the company were criminally charged in the US — announced that Binance would reimburse users who lost funds.
It can be totally anonymous if you can use a non-KYC exchange way of acquiring it. And then again, you can buy monero or zcash, then buy bitcoin again. I could start up a new open source wallet on an air gapped machine, go to a local bitcoin meetup, and buy bitcoin for cash.
Yes, and a motivated man with a heavy wrench could take it too. That doesn't mean that permissionless currency isn't valuable. It just means that my threats have been reduced from nanny took my money and man with wrench to just man with wrench.
Back when I was studying computer science, I was taking the OS exam and the part about Lamport timestamp [0] was optional, but I had studied it because I loved it. When I mentioned it to my professor, he was so happy to hear something new that day that he asked me to describe it in details. This was the year 2001.
Many years later, in 2020, I ended up living in San Francisco, and I had the fortune to meet Leslie Lamport after I sent him a cold email. Lovely and smart guy. This is the text of the first part of that email, just for your curiosity:
Hey Leslie!
You have accompanied me for more than 20 years. I first met your name when studying Lamport timestamps.
And then on, and on, and on, up to a few minutes ago, when I realized that you are also behind the paper and the title of "Byzantine Generals problem", renamed after the "Albanian" generals to the suggestion of Jack Goldberg. Who is he? [1]
> To visualize $1.5 billion: if you cashed that check out in $100 bills and stacked them one on top of another, it would reach a five story building. For ordinary plebeians like us, at the average US salary of around $75K, you’d need to work 20,000 years to earn that.
A stack of bills is roughly 0.5 inches. Assuming a 12-ft joist-to-joist spacing, that's 12 feet per floor \times 12 inches per foot \times 2 stacks per inch = 288 stacks per floor = $2.88M per floor since a stack of 100s is $10k
So that would be a 1,000M / 2.88M ~ 347 story building.
Or is my unit conversion wildly off from dealing with sick kids over the holidays?
The average US salary isn't $75k btw. That figure is usually quoted from the reported median household income in 2022[1]. The median personal income, which is the figure that should* be quoted, was around $45k for 2024[2].
Once social trust (or assibiyah, to use Ibn Khandun's term) in a region collapses, it often returns slowly or not at all. Sadly common pattern in history. I think one could plausibly argue that in this way, Calabria never recovered from the collapse of antiquity, the Gothic wars, and generations spent as a Christian-Muslim war zone.
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