RhodoGSA

20 ms·

151.
by RhodoGSA 6y ago
'Selling Cars' doesn't quite describe what Tesla does such as saying apple is just a phone designer. They are both selling platforms that are very much software and technology driven. Tesla app store and gaming console isn&#x
152.
by RhodoGSA 6y ago
Think of everything you do, but under one roof. I pay subscriptions, bank, get paid internationally, consume on the internet without selling my data, manage my stocks. Theoretically, this is all possible within the polkadot ecosystem. I hav
153.
by RhodoGSA 6y ago
I know - Some of this stuff gets very technical. It provides all the infrastructure for a blockchain. Think wordpress for blockchain developers. The programming language, Substrate, is written on Rust and is turing complete (Obviously). You
154.
by RhodoGSA 6y ago
Dr. Gavin Wood and alot of the other Eth founders left eth cause sharding isn't going to work.
155.
by RhodoGSA 6y ago
Nevada's new corp-building cities seemed mighty suspect originally. Tesla is the biggest employeer in Reno and yet not a single word from Tesla came to respond to the news. However, bitcoin company's responded. Elon always seems t
156.
by RhodoGSA 6y ago
The government forcing me to lose my job by shutting everything down and then giving me a little boost in unemployment does not make me greatful. It makes me resentful that i am forced to rely on them.
157.
by RhodoGSA 6y ago
Tesla is not an automaker and i don't know why people keep calling it that. It is a technology company. It's designed chips, software, Cars, trucks, manufacturing lines, battery's, solar panels - And oh my god, if you saw the
158.
by RhodoGSA 6y ago
Michael Saylor raised $900m in debt to buy bitcoin. It's like a free option call on bitcoin and is rather ingenious. If bitcoin spikes, you convert you debt into stock. If bitcoin falls, you still got your debt.
159.
by RhodoGSA 6y ago
Because the more money you have, the more money you make. That's why polkadot nominated proof of stake, which splits the rewards across validators equally to ensure even returns across the dot.
160.
by RhodoGSA 6y ago
Look at polkadot. You can exchange any arbitrary data across parachains. How is that not the internet but better?
161.
by RhodoGSA 6y ago
Or, if you throw <10% of all your money in an account, have no liquidity problems, start an absolute stampede to buy the 'limited' amount of bitcoin and in 5 years, <10% of all the money you invested makes you 50% profit for
162.
by RhodoGSA 6y ago
it doesn't. People just like to exchange it for real money. There's no real need, everyone just still prices things in USD instead of btc. Once btc has around a $20T market cap, it will be much less volatile.
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by RhodoGSA 6y ago
Bitcoin unleashes a million possibilities and overall guides the market. Check out Ethereum, Polkadot and Cardano if you want to see a real use case - Until then the usecase for bitcoin is the same as gold. But one day Bitcoin will pour it&
164.
by RhodoGSA 6y ago
Not for UniSwap but Polkabridge is coming in Q2
165.
by RhodoGSA 6y ago
Check out some of the V3 crypto's. DOT, ATOM, ADA. Most of the OG founders who were building Ethereum realized sharding wasn't going to work and left to build the above three. I recommend to stay diversified among crypto this dec
166.
by RhodoGSA 6y ago
There's many solutions coming online this year. Polkadot is launching a parachain where you can execute your eth contracts using the polkadot network. Also many L2 solutions will solve the problem as it is just a problem of 'Compu
167.
by RhodoGSA 6y ago
Does anyone have a good book, or resource to actually understand this stuff? Seems like the information is spread across many different projects and every book i buy focuses on blockchain development.
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by RhodoGSA 6y ago
That might be the point. Covid-skepticism is seen as an unapproachable subject, when alot of people may feel like the economic damage is worst than the virus.
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by RhodoGSA 6y ago
Definitely amplify's risk for sure. If the company went under, your whole county would go under and the government is not likely to bail them out like they would a city who had too much debt. Since you may even purchase your house on t
170.
by RhodoGSA 6y ago
I think some people are missing the point here. In order to charter the corporation you need to be a billionaire. I doubt it has anything to do with wanting to make 'More money' as opposed to leaving a city as a legacy, under your
171.
by RhodoGSA 6y ago
That, or a company like Tesla announces a new city, millions of Americans flock to it, we redevelop a sense of unity and local progress and all live happily ever after. "you're afraid to take the first step because all you see is
172.
by RhodoGSA 6y ago
but... If it does, what a fast political state change. If bitcoin were to reach say, 200k a piece, it would put trillions of dollars into the hands of this previously unknown people jutting to be the richest humans on the planet. With this
173.
by RhodoGSA 6y ago
Okay, Failure might not have been the right word. Also, my main point was in regard to shorting on borrowed shares. If i'm short a company on borrowed shares I should not be able to further lend those shares out for a short. But to my
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by RhodoGSA 6y ago
I get how this works but it still doesn't make sense on why i should be able to lend shares that i don't own. The whole idea of shorts in general is kind of messed up. I get shorting is a form of 'Fraud detection', or &#
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by RhodoGSA 6y ago
Imagine if Elon made a SPAC. I'd invest every penny I had.
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by RhodoGSA 6y ago
Yeah, but liquidated damages can far exceed the cost of the project. In most CapEx you can see clauses that include 3-10X the cost of the project in potential liquidated damages if your robot goes down and damages things, or causes the line
177.
by RhodoGSA 6y ago
Curious, as your solution to the problem seems to be to do nothing. Does that mean you don't think it's a problem? Here's the problem as i see it. Facebook's and other companies with data exchange driven revenue models h
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by RhodoGSA 6y ago
Check out Polkadot - They NPOS system works and not how you described.
179.
by RhodoGSA 6y ago
It's interesting because none of what you say is true. Hedge funds definitely collude and not behind closed doors, but also out in the open. Hedge funds announce their picks and go from hedge fund to hedge fund explaining the decisions
180.
by RhodoGSA 6y ago
Social signaling must come from the person doing the signaling. In my experience people who've made life changing money off crypto this last couple months say they are 'investors' or have a couple of 'business'. Nev

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