RC_ITR

69 ms·

811.
by RC_ITR 4y ago
Be careful with this logic. Even at this 'discount' their market cap is 2x their revenue, which doesn't sound so bad until you compare it to someone like Tyson foods who has a market cap that is 0.5x their revenue. Given BYND
812.
by RC_ITR 4y ago
Is your implication that Vietnam was a UN-backed war? You may be thinking of Korea. Or is your implication that the US didn't use the UN to fight wars before the 90's? Because then I think you're forgetting about Korea. Maybe
813.
by RC_ITR 4y ago
I mean, again, $44bn is on the line here and 'well functioning app' is not why things are worth that much (what share of YC's value is Hacker News for example?). Companies release financial statements for a reason.
814.
by RC_ITR 4y ago
The interesting counterpoint to this, though, is that China is less concentrated in spots 1-5, but way more concentrated comparing the Top 5 vs. the rest. Among Internet brands, the classic $100bn+ market cap companies of Tencent/Ali
815.
by RC_ITR 4y ago
I get the strong impression that you‘ve never led a multi-billion dollar organization. Don’t show me the random code you built that makes a users like history load 500 milliseconds faster, talk to me about how to make the product better&#x2
816.
by RC_ITR 4y ago
>US definitely has declined from its peak position of '90-'00. By the end of the last century, even allies were openly voicing concerns over US being a hyperpower and not just a mere superpower. [They are calling us a superpowe
817.
by RC_ITR 4y ago
It’s so interesting to me that people see the dollar at a long term high, a proxy war in which the US is kicking ass (we don’t even need to send troops, our old equipment is enough) and their takeaway is that the US is in decline.
818.
by RC_ITR 4y ago
Lol I thought the problem was the US created too many dollars? I guess inflation is a lot more complex than the comments section here would have you believe.
819.
by RC_ITR 4y ago
> The initial argument was that twitter would not be able to function without much of the staff that were fired, that they were somehow imperative to the site staying up. Again, what does this even look like? Twitter.com returns 404 and
820.
by RC_ITR 4y ago
I obviously do t think the UK should try to rejoin for the same reason I think you shouldn’t reverse a vasectomy (you made a decision you knew was meaningful for a reason). But that doesn’t mean the original decision has benefits.
821.
by RC_ITR 4y ago
What do you mean? Small base growth is easier (that’s the example you give), but catch-up growth in large economies is damn near impossible.
822.
by RC_ITR 4y ago
It's also what Musk's fans often refer to as 'moving the goalposts.' Keeping Twitter up is not success for Elon He needs to make it worth well more than the $44bn he paid for it in order to achieve anything resemblin
823.
by RC_ITR 4y ago
It's amazing how hard it is for humans to understand compounding growth. England's GDP has historically grown at 1.5-2.0%. That implies about 20% growth in a decade. Let's say Brexit leaves GDP 2% lower than it currently is
824.
by RC_ITR 4y ago
It’s always so interesting to me that we already saw this happen - look no further than China - and they became oligapolized even more than the west. Centralization works. You may not like it and you hope that developing world won’t e
825.
by RC_ITR 4y ago
The fallacy is you're assuming 'destroying ourselves' means that everyone is dead (I guess?). Take French Canada for a great counter-example. One could argue that the mailbox bombs and kidnappings of the 60s/70s were fi
826.
by RC_ITR 4y ago
Sure, but then you ask them what they do and keep the ones who clean your toilets and drop the ones that organize your fridge. Your goal isn’t one cleaning person, it’s the right amount
827.
by RC_ITR 4y ago
Because in aggregate, children seeing those things has impacts on society. Like sure would it be better if parents monitored their children’s 4chan use? Ofc. Is that at all a practical approach to eliminating Elliot Roger idolization? No.
828.
by RC_ITR 4y ago
The US just outgrew the USSR and there's no single event that caused that. [0 - keep in mind that's a log scale] It became untenable for a relatively small economy like the USSR to compete with the US, and Regan 'turning up t
829.
by RC_ITR 4y ago
Ok, let me point you in the competing direction: 1. This has nothing to do with cryptocurrency. There is literally nothing about a decentralized trustless architecture that makes this happen. You're falling into the common trap that
830.
by RC_ITR 4y ago
I don't know how to say this clearly enough: It's a Ponzi because you can't buy anything except other currencies with it. Like sure, you can't steal it from me, but you can sure as hell prevent me from acquiring goods&
831.
by RC_ITR 4y ago
>Bitcoin is provably the only decentralized system that has permissionless, borderless, digital scarcity. Why do we need digital scarcity, exactly? >Other cryptocurrencies are less secure (the many direct forks, such as Bitcoin Cash
832.
by RC_ITR 4y ago
Said differently: The financial system has trended toward centralization over the past 5+ centuries, because there are obvious advantages to it. One could argue that there are plenty of downsides to over-centralization (i.e. 'Too big
833.
by RC_ITR 4y ago
Yes, but that happening is a failure of crypto. If decentralized were actually better, then why would people flock to centralization?
834.
by RC_ITR 4y ago
The dexes are scams. Liquidity providers have very little incentive to actually provide liquidity (most just don’t understand their risk profile) “Impermanent loss” is just losing to arbitrage. It’s a necessary feature of being an LP. Peo
835.
by RC_ITR 4y ago
> Framing is not bothersome so much as it is informative. It's the writer's decision to use the word "poached", with all the connotations and implications that carries. But they shouldn't be given free reign to s
836.
by RC_ITR 4y ago
> I don’t deny that supply shocks can trigger inflation, but without excess money supply the effect is limited. Since 1970, only supply shocks have caused inflation so idk why you’re so confident that it wasn’t the case this time. Volk
837.
by RC_ITR 4y ago
>My current understanding is that taking deposits is a cheap source of funding for the bank. They could borrow required reserves from elsewhere but it’s cheaper to take it from customers who accept low interest rates. Yeah, why it's
838.
by RC_ITR 4y ago
No, I was trying to be polite in stating that the type of neurodivergence that makes people good hackers also generally leads them to have very strict and literal interpretations of language, whereas most other people are very comfort
839.
by RC_ITR 4y ago
>Some banks care about collecting deposits because the interest they earn on short term paper is more than the interest they pay on deposits. Some banks don't accept deposits at all -- these are called investment banks. LMFAO. I wa
840.
by RC_ITR 4y ago
I won’t get into why, but in general the kind of people who frequent this forum (I.e. people with a natural proclivity towards computers) are very sensitive to “tongue in cheek” turns of phrase that don’t bother most other people. You’re

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