bitreality

9 ms·

31.
by bitreality 7y ago
There's nothing nonsensical about it. That's a very poor analogy as well, comparing a startup's growth to the spread of a highly-infectious virus. COVID19 spreads by default. If you leave it alone, it will spread uncontroll
32.
by bitreality 7y ago
Would you say the same thing about cash? Because Dai is the closest thing out there to true digital cash.
33.
by bitreality 7y ago
I mean, Bitcoin isn't a fiat currency, either. Banks trade forex for completely different use cases than people/orgs trade Bitcoin.
34.
by bitreality 7y ago
What you're forgetting is that running an online business all day is isolating. Going to work with colleagues, all working towards a common goal, gives a sense of community. When you are not dependent on the money from your job, it a
35.
by bitreality 7y ago
This seems like the best solution. Introduce an opt-in security feature, whereby any attempt to port the number, or swap sims, is subject to a ~72h cooldown period. During that period, notify the account holder through numerous communicat
36.
by bitreality 7y ago
Arguing over which tech behemoth is worse at privacy is pointless. The fact is that they are incentivized against privacy. Your data is valuable. The cost of anonymizing your data is expensive, and offers little measurable ROI. Some comp
37.
by bitreality 7y ago
You may believe that, and I'm sure it's true to a certain degree, but Instagram has seen absurd growth since the Facebook acquisition. Without Instagram, Facebook would likely be in a crisis right now over its aging userbase and
38.
by bitreality 7y ago
It reads like a 1000 word humblebrag.
39.
by bitreality 7y ago
For people who know what they are doing, Bitcoin provides a new way to move money across borders. Almost always, the fees will be lower than they would with any other money transfer service. Most money transfer services will also have KYC
40.
by bitreality 7y ago
It's more that Everest is the highest peak in the world. If there was another mountain 10m higher than Everest, Everest would get 5-10% of the traffic it currently does. How many people know the second highest mountain in the world?
41.
by bitreality 7y ago
This question you're posing assumes that all patents and products are created equal. There is a difference between a living thing and a non-living thing. Living things replicate through entirely natural processes. It is one of the
42.
by bitreality 7y ago
It allows for a tiered system. Average users will use the token entirely within the Facebook ecosystem. Advanced users will have the ability to withdraw their tokens from Facebook's system and utilize them on other platforms. Look at
43.
by bitreality 7y ago
For users, the advantage would be an easy to use stable-coin, that is more accessible to the average person. Right now, most crypto currency has plenty of complexity to it. FacebookCoin will probably work more similarly to CashApp vs. Bit
44.
by bitreality 7y ago
Compared to where? China? India? I think immigrants assimilate just fine into the United States. Assimilation is not easy anywhere. The United States isn't perfect, but plenty of immigrants are living great lives.
45.
by bitreality 7y ago
Elite Chinese talent is more likely to return to China, and therefore it becomes counter-productive. Plus, the US is in direct competition with China, which isn't the case with most other countries. So, to simply say "more is mo
46.
by bitreality 7y ago
Good points. It's surprising that these cities are facing such a major housing crisis, and still allow foreign purchases of residential property. If someone wants to buy a house, they should intend to live there. This is especially
47.
by bitreality 7y ago
In my mind, the obvious solution is to require land owners be permanent residents of the country in which they are buying, and restrict the total properties owned by a specific entity. Do not allow foreign controlled corporations to purcha
48.
by bitreality 7y ago
The only way Tether can be stablized through "arbitrage" is if there is a risk-free way to trade 1 Tether for 1 USD. For the average user, there is no direct way to cash out your Tether for 1:1 USD. I imagine that big clients do
49.
by bitreality 7y ago
Tether is currently being traded around 99 cents. The market, so far, has assigned a 1% devaluation, despite this report showing that they basically lost $850M. From what I can see on Coinmarketcap, there is $2.83 Billion Tether in circul
50.
by bitreality 7y ago
Bitfinex has been playing cat and mouse with banking for years. Even before Wells Fargo blocked their wires, they were in a nefarious banking situation. Bitfinex never wanted to take it slow and get themselves legal in the eyes of the US.
51.
by bitreality 7y ago
I have been trying to simply visualize how a front runner makes money. Now I think I understand it. Basically, a front runner looks for orders which will move the price on an exchange. So if an exchange has the following sell orders: 0.1
52.
by bitreality 7y ago
Before all this information got leaked, nobody knew about FISA section 702, nor had any idea how it was being interpreted and acted on by government agencies. I think it's quite clear that the secret courts in the US put huge demands
53.
by bitreality 7y ago
You're saying that organizations can avoid being subject to providing data if their service does not store the data. But I am not convinced. If the NSA or whatever 3 letter agency demanded the data be made available in a secret court
54.
by bitreality 7y ago
Oh come on now. The US Government forces tech companies to share information all the time. http://www.msnbc.com/msnbc/us-government-threatened-yahoo-bi... They certainly can, and will, go after any company they want t
55.
by bitreality 7y ago
Your point is well received, and one would expect society to function that way, but it does not. People won't knock any house of cards to the ground unless they are starving. It's impossible to achieve anything of significance a
56.
by bitreality 7y ago
From Boeing's standpoint, it's actually even worse than this. The families of the people who perished pose a risk to their business. The company doesn't want these people drawing attention to the incident, and they want to
57.
by bitreality 7y ago
They avoid making actionable statements. In this case, the CEO did not explicitly assign blame, so it would be difficult to call them a liar. Omitting is different from lying. Using vague terminology isn't lying. So you get stuck w
58.
by bitreality 7y ago
With the way litigation works, corporations will never admit blame for anything, since it greatly increases their legal risk. It's unfortunate, but their responsibilities lie with their shareholders, not the people who lost their live
59.
by bitreality 8y ago
I'd say the last 15+ years of air travel has been pretty safe in the US. To say the security has accomplished nothing is a stretch.
60.
by bitreality 8y ago
That is precisely the problem with the current landscape for online businesses. Nearly every step of the way there is a single entity that you need to work with, or you are toast. The biggest one lately comes down to marketplaces and payme

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