Nostr seems like it's set up to allow for unmitigated abuse.
This is an excellent introduction for those that want to try it out.
ericjmorey
joined 1 year ago
The point is not to be the "rational economist" who doesn't pick up money off the ground because someone else would have picked it up if it was really there.
this would essentially mean a transfer of wealth from the masses sending remittances to a few HFT traders.
Compared to a frictionless world, this is sub optimal. But as you and the article established, there are frictions that currently result in a tranfer of wealth at a 6% rate of transfer volume which could very well be greater than the future equilibrium you posit.
I think that there are options that could be implemented at scale faster and simpler compared to crypto token exchanges. But any individual current getting hit with high transfer fees could benefit immediately if they know about and learn how to use something like monero.
The report itself is written in very approachable language and is worth reading beyond the summary. https://publications.parliament.uk/pa/cm201719/cmselect/cmenvaud/1952/full-report.html
The researchers in the article seem to be interested in that as well. They see their research as a pilot forhow to get useful measurements in many urban centers. I hope they receive more funding.
It seems that the most significant part of this news is the enhancement in detecting atmospheric CO2 concentration in a large urban area. Being able to measure more accurately and precisely will allow better evaluation of mitigation strategies.
Are you going to report balances in € now?
Probably not. There are several alternative projects being worked on with varying states of completeness and refinement. But the alternatives all seem to have off set visions for their projects.
That sounds like an opportunity I'd be foolish to turn away.
How do we make it happen?
I could not wrap my head around that game. I feel like I'm placing stones with 60% guesswork. I haven't played much, but I couldn't see the difference between good and bad placement.
It would be the difference between paying no taxes to either a) paying taxes on all funds received at regular income tax rates without the benefit of deduction of expenses or b) doing 99% of the work to still need to pay income taxes on net income (revenues less expenses). So if you're going to do the work, it's worthwhile to do the additional 1% to get all of the benefits.
Tarrifs are only a positive in cases where they are conditioned on labor, environmental, and other externalities being priced in and regional subsidies being countered. That seems like the case here.
But I suspect that the threat is being used as a negotiation tactic and China will call the bluff.