bitreality

14 ms·

61.
by bitreality 8y ago
"But if Netflix and Walt Disney both use technology to stream video, why is only Netflix trading at infinity-times earnings? And if Tesla and BMW “both use battery technology to power luxury cars,” Deluard writes, “why should the forme
62.
by bitreality 8y ago
It's illegal if it's provably done for personal use. But when you have money, you can create a legitimate company with a legitimate reason to have a yacht. Perhaps the yacht is essential to your meetings with other high net wort
63.
by bitreality 8y ago
That's exactly what it means. And if corporations can earn investment / passive income untaxed, then everyone would just keep their portfolios inside a corporation and draw salary for exactly what they need and nothing more.
64.
by bitreality 8y ago
The problem would then become people using their corporations to make all of their purchases. Their corporations would own their yachts, their houses, their cars, etc. So as a person, any time you can utilize a corporation's resources
65.
by bitreality 8y ago
The system is designed for humans to behave like this. Big corporations allow blame to be diluted across an entire organization, meaning you face very little individual risk as an employee of the company. Furthermore, the employee's
66.
by bitreality 8y ago
Where is the author pulling their mining costs from? I'd love to see their source. Mining costs are mostly concentrated in purchasing the equipment and setting up a factory. Once that's done, your day to day expenses are electr
67.
by bitreality 8y ago
There is a major difference between Airbnb and Uber/Taxi. One has a relatively fixed supply (real estate), the other has a virtually unlimited supply (cars). Airbnb introduces a new layer of demand to apartments and houses, which tra
68.
by bitreality 8y ago
Nobody here knows how these cases truly work. There's some precedent where you can find gag orders, which make people think that Cook would simply go the "No Comment" route, but to assume those are a blanket procedure for ev
69.
by bitreality 8y ago
"Digital Nomadism" is a pretty vague term, most people stop the "nomadic" part of it within a year or two. The need for stability is a realization that everyone must discover themselves. Then the label turns from &quot
70.
by bitreality 8y ago
This isn't some guy with a few thousand followers. He's literally a celebrity. He would need to delete all his publicly accessible social media, stop reading emails, and have the will-power not to go down the rabbit hole of read
71.
by bitreality 8y ago
Sure it would. But these things don't happen in a vacuum. If someone like Ninja just quit streaming one day, there would be a ton of pressure on him. His followers would constantly be asking him why he did it, when he's coming
72.
by bitreality 8y ago
Par for the course for any business operating outside of traditional industries. Payment processors are continuously dropping merchants who they consider "high risk". Unfortunately for the merchants, they are not given any expla
73.
by bitreality 8y ago
It's very easy to get around those questions. Facebook is great at it. There is usually a customer-friendly reason, which is the one they answer with publicly. For example, "we collect your information to serve you content that
74.
by bitreality 8y ago
For young people especially, the investment opportunities are an absolute bore. It makes a lot more sense to take big risks when you are young, and by implementing the 'qualified investor' requirements, many young people will nev
75.
by bitreality 8y ago
Who says they necessarily need to be picking stocks? Retail investors could still utilize the same vehicles they're using on large blue chip stocks if they had access to newer, higher growth-potential companies. There are ETF's f
76.
by bitreality 8y ago
The applications which are most interesting are the first implementations of smart contracts. Most notably, truly "stable" tokens which track the price of something like the USD. One example of this being https://make
77.
by bitreality 8y ago
I can't tell you what every person uses it for. But I can say for certain that it is already being used to transfer money cross-border. And I can say for sure that people use it in nations like Venezuela, where the banking system has
78.
by bitreality 8y ago
Bitcoin can be used however people want. People are certainly using it. Over 162,000 transactions have been sent today, basically all of them with a fee (meaning people actually were willing to pay to use the service). Even on a slow day,
79.
by bitreality 8y ago
Your argument is so short-sighted. Yes, right now the Lightning Network is not ready for mainstream use. It may turn out that the Lightning Network and Bitcoin itself are obsolete in 5-10 years. But are you seriously betting against cryp
80.
by bitreality 8y ago
The USD/USDT price has no impact on if Tethers are issued. A USD/USDT trade occurs on only a few markets, one of which is Kraken, and it requires one party to already have USDT, which they are then selling for "real" US
81.
by bitreality 8y ago
I think they'd just prefer no one speculating on Tether at all. If Tether had a bunch of people actively trading the USD-Tether pair, it would be much more expensive to keep the price fixed. By keeping the price volatility extremely l
82.
by bitreality 8y ago
I think the underlying point of the article is that Tether's price movement is not possibly natural. It should often trade at a premium or discount. The fact that it trades so tightly with the USD is likely a huge sign of foul play.
83.
by bitreality 8y ago
1 Billion "market cap" and they don't even have a working blockchain (product) yet!
84.
by bitreality 8y ago
I'm not even sure you would need to exchange it to another coin. You would never be exchanging it to USD because USD withdrawals will require you to identify yourself and a corresponding bank account. To withdraw crypto you just need
85.
by bitreality 8y ago
Mr. Bachman, with all due respect, I would argue that the majority of people proclaiming they don't care about the price are bluffing. Perhaps even bluffing themselves. Bitcoin's price increase has far outpaced its adoption or d
86.
by bitreality 8y ago
Crypto-currency is different in the sense that it is decentralized. Paypal and other payment systems can and do freeze people's balances at will. Many countries have features disabled. Some countries are flat out discluded. At the e
87.
by bitreality 8y ago
Definitely one issue with crypto-currencies today is that they have volatile pricing which makes them difficult to use in commerce. There are several projects working to use smart contracts in order to peg the value of the coin to currenci
88.
by bitreality 8y ago
The incentive to create new currencies has really only taken major effect over the past year. Up until then, the term "ICO" hardly even existed. Since that time we've seen a goldrush to launch separate blockchains and sell
89.
by bitreality 8y ago
Blockchain as it exists today is a proof of concept. It shows that people can use code to create a monetary system. The system does not need to be backed by any government or physical good guaranteeing its value. This proof of concept can
90.
by bitreality 8y ago
Well, ultimately a decentralized blockchain tackles the issue in a much different way. In the 1800s, if you were a money issuer, you could print any amount you wanted. In a truly decentralized blockchain, there are defined rules for how n

More ›