7 Matching Annotations
  1. Jun 2019
    1. The association is the only party able to create (mint) and destroy (burn) Libra. Coins are only minted when authorized resellers have purchased those coins from the association with fiat assets to fully back the new coins. Coins are only burned when the authorized resellers sell Libra coin to the association in exchange for the underlying assets. Since authorized resellers will always be able to sell Libra coins to the reserve at a price equal to the value of the basket, the Libra Reserve acts as a “buyer of last resort.”

      Digital native coins like Ethereum are more advantageous due their less-trust-required nature. Libra Assoc.'s biggest challenge will be to earn trust and don't lose it.

    2. The assets in the Libra Reserve will be held by a geographically distributed network of custodians with investment-grade credit rating to provide both security and decentralization of the assets.

      Who are they? Worth looking into.

    3. It is backed by a reserve of assets designed to give it intrinsic value;

      Libra is a basket of things which we can question their intrinsic values also. Libra will re-trigger "Intrinsic Value of MoE" discussions.

    1. Currently, when we say fractal computation, we are simulating fractals using binary operations. What if "binary" emerges on fractals? Can we find a new computation realm that can simulate binary? Can "fractal computing" be a lower level approach to our current binary understanding of computation?

    2. In 1953 I realized that the straight line leads to the downfall of mankind. But the straight line has become an absolute tyranny. The straight line is something cowardly drawn with a rule, without thought or feeling; it is the line which does not exist in nature. And that line is the rotten foundation of our doomed civilization. Even if there are places where it is recognized that this line is rapidly leading to perdition, its course continues to be plotted. ..Any design undertaken with the straight line will be stillborn. Today we are witnessing the triumph of rationalist know-how and yet, at the same time, we find ourselves confronted with emptiness. An aesthetic void, dessert of uniformity, criminal sterility, loss of creative power. Even creativity is prefabricated. We are no longer able to create. That is our real illiteracy.   Friedensreich Hundertwasser
    1. So I learned very quickly that non-dual states of awareness coincide with balanced bilateral symmetry and the ego almost always functions through some form of energetic asymmetry.

      Does the writer imply that ego emerges on energetic asymmetry? I would argue that it is possible to be perfectly balanced when "ego is in".