ffggvv

45 ms·

451.
by ffggvv 6y ago
it’s not a successful store of value. it’s volatility is way too high. the gold price changes but it’s actually not very volatile at all intraday. the volatility of btc isn’t decreasing as the price goes up either. it’s just a succesful spe
452.
by ffggvv 6y ago
the saddest thing is people see it as a success because its price has gone up. But the entire idea behind it was to be a decentralized currency. Its absolutely failed at that. What its succeeded at is being a speculative gambling instrument
453.
by ffggvv 6y ago
no im saying the actual practical use. keeping track of who owns what can be accomplished way better with a centralized database. the only thing novel is that its decentralized and inefficient but the average user really doesnt care about t
454.
by ffggvv 6y ago
i bought bitcoin and understood block chains in 2013. just because someone disagrees with you doesn’t mean they are dumb. and maybe sometimes you’re the one that doesn’t know what you’re talking about
455.
by ffggvv 6y ago
yes this analogy works because amazon ships billions in packages with almost a trillion in revenue and btc can be replicated by a sql database
456.
by ffggvv 6y ago
then what happened in 2018 and 2013 where it lost 90% of its value?
457.
by ffggvv 6y ago
id say yes. and companies that want to compete with them do have to pay competitive wages. regardless of location. IE snapchat pays more than FANG despite being in LA, where wages are generally lower for tech companies, because they want to
458.
by ffggvv 6y ago
theyre actually that much better IMO. the bay area has unbelievable talent.
459.
by ffggvv 6y ago
seems very unclassy to dunk on an old lamenting his life, regardless if he is right or wrong. this is part of the problem with the internet
460.
by ffggvv 6y ago
your comment makes it sound like it was a high proportion of companies when it was really just some high profile names in a few industries
461.
by ffggvv 6y ago
it’s great but from what i’ve also heard, the permanent remote teams at fb for instance are pretty shitty projects that no one else wanted to own, not the shiny stuff most people want to work on
462.
by ffggvv 6y ago
imo that’s oversimplified and drastically minimizes the difference between someone buying gamestop and someone buying a high dividend, high revenue stable company that’s been around 100 years. or he’ll even buying a bond
463.
by ffggvv 6y ago
why are all the scammiest people from chamath to sacca getting in on the EV grift? seems like the tesla soaring has basically drawn the gnats around easy money
464.
by ffggvv 6y ago
how is there not any roi when she’s now treasury secretary
465.
by ffggvv 6y ago
>> Solar and wind are the cheapest sources of energy source? sounds laughable to me
466.
by ffggvv 6y ago
For those saying value investing is dead, i think they simply don’t understand it, thinking it’s just blindly looking at P/e ratios. it posits two things: 1. Companies have an “intrinsic value” that can be determined based on their ear
467.
by ffggvv 6y ago
but why would they agree to that blockchain standard in the first place? it’s the same issue
468.
by ffggvv 6y ago
there is only one core clearinghouse, the DTCC and they aren’t going to be brought to heel. they’re the ones who raised the leverage requirements
469.
by ffggvv 6y ago
ironically the biggest issue with crypto as an actual currency is stability, which could easily be solved via a stable coin or something tethered. but there’s zero excitement about that and all the excitement is around bitcoin, because all
470.
by ffggvv 6y ago
seems like you could just do this with some sort of open source or shared standard that different providers use
471.
by ffggvv 6y ago
you could’ve posted this same comment in 2007, or 1999... etc...
472.
by ffggvv 6y ago
wouldn’t that take years fo fix while this seems to be a short term shortage? i assume TSMC could ramp up before we can build factories
473.
by ffggvv 6y ago
agree, but as dot com or japanese bubble show us, it could go on for another year or two while us bears cringe
474.
by ffggvv 6y ago
yeah but eventually home prices/rent can go down and you can get wiped out (see 2008) but the fed and treasury wont allow that to happen i guess because they prefer inequality as long as it produces a wealth effect
475.
by ffggvv 6y ago
you really feel the need to cancel the cat lawyer?
476.
by ffggvv 6y ago
this was always free. when i first learned ios development like 5+ years ago i took this course on youtube
477.
by ffggvv 6y ago
proof of work is immoral if you’re an environmentalist. that’s why tesla acquiring BTC was especially egregious
478.
by ffggvv 6y ago
so they basically just cancelled out any carbon footprint reduction their company does
479.
by ffggvv 6y ago
people do the opposite all the time? buy a stock and then write articles or go on tv saying how great the company is, even if it could be a fraud as long as they disclose the position i don’t see the issue
480.
by ffggvv 6y ago
it’s important to note when chamath goes on cnbc and to promote his SPACs he also stands to make a lot of money and often it turns out to be nothing more than market manipulation nothing different between talking about short positions you h

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