But this shitcoin has a special feature! You can use it to mint tokens called t-bills, bonds, and common shares (need a cool name for those) which consistently beat inflation.

I think the term came specifically from the problem “what to do with a windfall?” Since a diversified portfolio of conventional assets will tend to grow, the theoretical optimum is to invest it all today, but if there is a stock market crash or a spike in interest rates tomorrow this can lead to regrets. If you have trouble with this, a common strategy is to commit to investing 10-20% a month so you will get some high prices and some low prices. The same if you inherit some shares which are too much of your net worth and are worried about selling them before the price rises or keeping them until the price crashes: commit to selling a certain amount once per week or month and follow that. In casual language it gets conflated with the principle that a regular schedule of saving and investing is better than waiting until you get a raise or find the ‘right time’ to buy in.

I think the OP thought he understood this concept from reading Internet posts on crypto spaces and a better way to learn is a book or at least a blog by a trained and certified professional.

So this is the most reliable way to grow your capital in conventional assets. If you put 10% of every paycheque into a mix of stocks and bonds, not worrying too much about whether stock prices seem high or low, you will almost certainly have enough to generate a meaningful income after twenty years. The problems with this strategy in crypto seem many, including “no reason to expect that crypto prices will grow forever” “massive price manipulation by insiders” and “omnipresent theft and fraud.” That is like how quantum mechanics is powerful for manipulating the world, but quantum woo just lets you manipulate people. It would not make sense to read a Deepak Chopra book and say that physicists made up quantum mechanics to con people onto buying their self-help courses and fake medicine.

I have no idea what dollar-cost averaging means to bitcoiners so I asked for an explanation. I think bitcoiners should read finance textbooks too.

Its a good idea to think of investing as an activity with a timeline in decades. If I buy a ten-year bond at 4% annual interest today, and a year later the same government is selling nine-year bonds at 5% interest, nobody will pay me the face value of my first bond. A year after that, maybe an eight-year bond is yielding 3%, and people will pay me more than face value for the first bond. I only know how much I made after inflation when ten years are up.

So the error there is that purchases are not actually independent. If say dot com stocks have been growing ten times as fast as the rest of the stock market, they can’t do that forever (eventually they will become the whole stock market, then the whole economy). If a government keeps offering higher and higher real interest on bonds, eventually it will default or trigger high inflation. So the wise investor buys lots of different things, knowing that today’s darling will be tomorrow’s ugly sister. I recommend a good textbook.

Could you explain? Dollar-cost averaging is a mainstream and effective concept in investing (if you buy investments with a series of contributions over time, you will get some when price are high and others when they are low, and the average price you pay will be in between). Traditional investments are cyclical, so one part of your portfolio will do poorly for 5 or 15 years, then suddenly it grows quickly while the things which were growing shrink.

Find a specialist in socially responsible investing or ESG investing in your country (like someone with a Master’s Degree in the subject who charges as much as a lawyer for consultations). As others have said, that term means different things to different people, so you have to look at what specific funds actually own and how they decide what they will buy going forward.

I think it got started with Yud and Salamon thinking “I’m not sure about race and IQ, but this community lets us recruit people to fight Skynet,” Siskind thinking “I’m not sure if Skynet is a danger but this community will let me spread the Truth about Black people,” and Bostrom and MacAskill thinking “bednet EA is a bit lame but it will let us recruit people to conquer Death together.” Then the people really interested in Ivermectin or COVID origins arrived and wanted to spread those ideas while slinging Rationalist jargon. And like El Sandifer predicted, most of them were not able to share their favourite brainworm without being infected by the others which were being passed around.

There are whole families of confidence games which rely on convincing the mark that he is about to cheat a third party.

I think the same pattern is why the subculture keeps spawning scams and gurus. Yud teaches in HPMOR that intelligence is the ability to predict the future and manipulate people and the best person is the most intelligent, so if you want to be his disciple, you try to find someone you can manipulate. The idea that you could work together with your community to shut down that pattern of behaviour and expel repeat offenders is alien to them, and most of them have trouble with the idea of being honest about what you want.

Banking in Canada is dominated by the Big Five. A branch in a big city should be able to change most currencies into CAD, but they might want you to wait overnight or give notice to change that much money. Not sure about private currency exchanges. Selling RMB, yen or HKD in Vancouver would be easy but you might have trouble selling Kuwaiti Dinars at a small currency exchange in Halifax.