ccortes

8 ms·

31.
by ccortes 5y ago
> The promise of Bitcoin is the idea that individuals, not large financial concerns, have the power. Bitcoin is not the only cryptocurrency out there. Besides, the fact that coinbase just had an IPO doesn't mean they control bitcoin
32.
by ccortes 5y ago
> Regular people right now use it through Paypal, Cash app, Venmo, Coinbase, etc. I'm not American, but as far as I know you can't withdraw bitcoin from paypal, cash app or venmo.
33.
by ccortes 5y ago
> which to me says that it's becoming the settlement layer as expected To me it says that only rich whales get to transact in bitcoin. Pretty sad that now regular people get excluded from something that was conceived as p2p internet
34.
by ccortes 5y ago
Oh man I hate bonuses so much. At my last job we had a monthly bonus that made up to 33% of our total income. These were based on certain KPIs we had to achieve. The thing is, everyone can cheat the KPIs. Even more so if such a big part of
35.
by ccortes 5y ago
> Nobody has to use anything to value a stock - including current profits. Therefore even current profits would not be 'a fundamental property' Correct, so: > A stock is valued based on the performance of it's actual pr
36.
by ccortes 5y ago
> If there is a 9/10 chance that the profits will be $1, and a 1/10 chance that it will be $0, then we can value those profits in present terms at $0.9 (Edit: assuming no issues with cost of capital, time value of money etc. i.
37.
by ccortes 5y ago
> But that doesn't mean they don't exist - it's a rational premise of valuation. Some times they do and some times they don't. That means it's not a fundamental property for stock valuation. What was the rational
38.
by ccortes 5y ago
> A stock is valued based on the performance of it's actual profit generation. I'm not sure that's the case any more. I mean we've seen billion dollar companies that just can't reach profitability.
39.
by ccortes 5y ago
I didn't look for examples on how to code something, I looked for examples on how to engineer the code I wrote. Clojure just assumes you have the engineering knowledge and that you'll be able to figure on your own how to glue ever
40.
by ccortes 5y ago
I majored in math and I mostly think with words.
41.
by ccortes 5y ago
> If I could grasp what GOTO did, anyone can. Then I see no issue translating from this to an "english" programming language, so there would be no extra layer of mental translation.
42.
by ccortes 5y ago
Porque se puede.
43.
by ccortes 5y ago
I think people underestimate how easy it is to launder money with more traditional methods and overestimated how easy it is with crypto.
44.
by ccortes 5y ago
> Countries that haven't solved identity are ones that either don't want to or can't, generally due to a mix of corruption and poverty It's not a known problem because each country has its own context. That's lik
45.
by ccortes 5y ago
With cash
46.
by ccortes 5y ago
> Not a real problem. Any civilized country has solved identity already. Jesus Christ. So the only problems that matter are the ones in "civilized" countries? What does that even mean?
47.
by ccortes 6y ago
My experience has been the same. I do enjoy clojure very much but I've spent hours and even days just searching for examples on how to do X or Y and most of the sources are not beginner friendly at all. If it wasn't because of my
48.
by ccortes 6y ago
> It's being supported by assets with real value. What does "real" value means?
49.
by ccortes 6y ago
You mean the thing Elon musk constantly does?
50.
by ccortes 6y ago
Serious question. From what I read deliveroo is the same as door dash, would the concerns expressed on this article apply to dordash stock too?
51.
by ccortes 6y ago
> Adding to that, the worst state in covid cases and deaths, São Paulo, is lead by a left leaning politician that is leading the country with the hardest lockdown Isn't São Paulo the biggest state in Brazil by far? How is it surpris
52.
by ccortes 6y ago
> It's embarassing that this anecdote is given almost any weight. It's absolutely the most navel-gazing useless analysis. It does help to serve as an excellent counter-argument to "philosopher kings", though.... Damn
53.
by ccortes 6y ago
Nowhere in the post the author says or even recommends not to build and audience. All he is saying is that it souldn't be your main focus. > Hacker News is the perfect venue for this piece of content, since people here all wish they
54.
by ccortes 6y ago
I think it's referring to stablecoins like USDC more than traditional crypto. Also, why would they wait until it becomes a thing? It's clearly just getting bigger so might as well do something before it actually becomes a "re
55.
by ccortes 6y ago
They have more than enough to make transactions cheaper than other alternatives. Call it whatever you want.
56.
by ccortes 6y ago
There's more than just bitcoin and ethereum
57.
by ccortes 6y ago
I don't know if you'd count it as a blockchain solution but I constantly use crypto to send money to my family and it's the best solution that I've found. And yes, I now about transferwise, paypal, swift, etc. And using
58.
by ccortes 6y ago
> Can you point to a legitimate problem that “blockchain” can solve, which can’t be solved with existing tools? I will never understand this. The vast majority of problems have more than one solution, most of the time is just about solvi
59.
by ccortes 6y ago
It's not. Maybe if somehow egass fees go down, right now they are so high that even bitcoin is a better alternative. I think the author is equating ethereum with stable coins?
60.
by ccortes 6y ago
If all you want is smart contracts then why stick to ethereum? As you stated there are plenty of different projects wich are far more scalable.

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