gitfan86

89 ms·

511.
by gitfan86 4y ago
Given that my opinion hasn't changed much for 8 years, I suspect, I wasn't parroting the 'fanboy' rhetoric from 2022 back in 2015.
512.
by gitfan86 4y ago
"as of late" During the Paypal days he slept in the office, expected everyone to work long hours, and got into arguments and was an asshole at times. This has been well known for over a decade. Why didn't the media run articl
513.
by gitfan86 4y ago
It has been very interesting watching people laughing at me for investing in "An Internet guy" trying to build cars in 2014. To now calling me a "Elon Fanboy" and saying that "the car guy doesn't understand int
514.
by gitfan86 4y ago
> So don’t do those things its not nice Advice like this makes the situation worse, because nice people will take your advice and not approach extremely attractive women, because they understand it is the nice thing to do, but assholes w
515.
by gitfan86 4y ago
COIN and HOOD both have an opportunity to make major changes and become profitable businesses. But just looking at their cash/debt/stock comp/revenue growth/expenses, it doesn't look great.
516.
by gitfan86 4y ago
I don't expect the Coinbase CEO to secretly leave the country with gold bars. But I do expect Coinbase to either go bankrupt or to face major lawsuits for years and to have very poor stock performance.
517.
by gitfan86 4y ago
I think we are on the same page. Some people like to own and trade bitcoin. Some people like to own and trade Beanie Babies. Some people may think this is a silly comparison because one of these things was fueled by a get rich quick FAD and
518.
by gitfan86 4y ago
Vendors of goods and services have virtually no interest in self custody. They want deposits going to a bank/exchange. So you are not going to be able to buy many goods or services directly. How many businesses are CASH only today? Tha
519.
by gitfan86 4y ago
You are describing a pyramid scheme, but in word salad format.
520.
by gitfan86 4y ago
But the WHOLE point of crypto was to avoid governmental control. If the government is regulating it that means they can control it. And it becomes completely worthless. If you want digital gold as an inflation hedge you can literally buy a
521.
by gitfan86 4y ago
Unless that grabby civilization encounters a much more advanced passive civilization. And that passive civilization decides that the grabby one is a virus that needs to be eradicated.
522.
by gitfan86 4y ago
"No one expects a multi-billion dollar exchange to vaporize over night." Actually that is exactly what us 'crypto sceptics' have been saying the whole time. All of crypto is an accidental or intentional Ponzi scheme sitt
523.
by gitfan86 4y ago
You said that "fundamentals remain solid". If you had said cash or beanie babies had solid fundamentals I would have singled those out explained that they don't.
524.
by gitfan86 4y ago
Speculation and trading are zero sum. The only way people made money on beanie babies was by finding a greater fool to sell to.
525.
by gitfan86 4y ago
Great Example. Imagine if you gave me your oranges and I gave you a picture I drew of an orange and told you that this picture gives you the exclusive rights to all pictures of oranges in the world. That is a NFT.
526.
by gitfan86 4y ago
No, cashflow positive assets generate returns. The idea that a cashflow positive asset could have no demand means that the dividend yield could be infinity. Which is a ridiculous idea. On the other hand a cashflow negative asset like crypto
527.
by gitfan86 4y ago
The pro crypto people will say "Banks are the same, they don't actually have a vault full of dollars to honor all deposits". And that part is true. If everyone went to Bank of America right now and asked for all their money
528.
by gitfan86 4y ago
What? All of crypto is Fundamentally based on more money coming into the ecosystem. It is all cashflow negative.
529.
by gitfan86 4y ago
It isn't officially a bailout. They just said they intend to acquire FTX. But, once they look at the books they may backout out the deal, especially if most customers want to take their money out. What is the point of buying an exchang
530.
by gitfan86 4y ago
When I said high, what I meant is that loan payments have gone from 10k/month to 20k/month. For a company that was previously making 15k/revenue the 10% inflation will not help them prevent bankruptcy, even if they raise thei
531.
by gitfan86 4y ago
Yes but some of these companies cannot survive in a high interest rate world with a recession.
532.
by gitfan86 4y ago
I feel bad for the author and young people in general. In the age of TikTok it is pretty much impossible for most kids to be well informed.
533.
by gitfan86 4y ago
So BTC has been wash traded at 20k for several months now. It is very possible because below 15k loans automatically get called in. Which causes a cascade of defaults and then liquidation of assets.
534.
by gitfan86 4y ago
Yes, tech businesses built up a lot of unnecessary employees during the boom and didn't want to have layoffs for morale and PR reasons.
535.
by gitfan86 4y ago
They are not targeting retail food and gas specifically. The hope is that removing money from the economy will cause spending to slow down everywhere and that eventually will hit food.
536.
by gitfan86 4y ago
The best way to understand this is to compare Tesla's R&D expenses to Twitter's R&D expenses. If you got into the details you would see MANY MANY meetings at Twitter with literally nothing was accomplished.
537.
by gitfan86 4y ago
From Wikipedia: "Even at the slow pace of currently envisioned interstellar travel, the Milky Way galaxy could be completely traversed in a few million years.[12]" The assumption is that they would be expanding to larger areas of
538.
by gitfan86 4y ago
Are you familiar with quantum gravity? If humans are so advanced in our technology and understanding of physics why can't we explain gravity at the quantum level? https://en.wikipedia.org/wiki/Quantum_gravity#Probl
539.
by gitfan86 4y ago
It is the definition of symmetrical. Both parties can cut ties at any time without any warning. In general employers are able to benefit from this symmetrical relationship more often though since they are only losing a small percentage of t
540.
by gitfan86 4y ago
The nice thing is that this goes both ways. If you are an at-will employee you can send an email that says "I resign effective immediately" and walk away and never speak to anyone at that company ever again.

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