gitfan86

57 ms·

961.
by gitfan86 5y ago
Exactly, currencies have no cashflow. They can go up and down relative to many other things, but essentially their only value is if other people are willing to trade for other things with them.
962.
by gitfan86 5y ago
It is the same reason you still see banner adds with a beautiful woman saying that she is looking for a hookup in your town. Also the reason we have lottery tickets and casinos and pyramid schemes. People logically know it is risky, but the
963.
by gitfan86 5y ago
The big difference between BTC and MSFT/TSLA is that successful companies have cash flow. MSFT has a dividend that it pays out every year. TSLA is eliminating debt and adding cash to its balance sheet. If everyone stopped buying BTC an
964.
by gitfan86 5y ago
If competition existed company A would offer a better product than just cost-per-click. Then company B would offer another product better than company A, and so on. Google is like a person that owns the only road between two towns. You hav
965.
by gitfan86 5y ago
You are describing 99 shitty search engines and 1 good one.
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by gitfan86 5y ago
markets and moats matter. Anyone can get revenue selling tomatoes, the problem with tomato farming is that there is no moat, you will not be able to sell at a price much higher than the next farmer down the street. If there were 100 good se
967.
by gitfan86 5y ago
There are two types of people who have received 4.0 GPAs and very high SAT scores. 1. Geniuses. They can look at a calculus text book for 30 minutes and understand calculus and get an A on a calculus test. 2. Reasonably smart people who thi
968.
by gitfan86 5y ago
Of course there will be other brands. The iPhone is by far the most successful phone brand, and they ship less than 30% of new phones each year. Something similar could happen here, where GM loses share like Nokia did, and new companies lik
969.
by gitfan86 5y ago
The book, The Innovator's Dilemma, totally changed how I view situations like this. Logically it makes sense that Ford or GM could use their existing resources to build a electric car factory, and use their existing dealerships to sell
970.
by gitfan86 5y ago
It is probably a similar rate to what happens at a las vegas strip club. They get you drunk then ask for your credit card and put 5k on it.
971.
by gitfan86 5y ago
But Tether doesn't have to honor redemptions like a bank does. They can mint Tether, buy BTC with that, and give you that BTC as a redemption.
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by gitfan86 5y ago
But they can print more tether, buy bitcoin with that tether, and give you bitcoin as redemptions. This could go on for a very long time.
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by gitfan86 5y ago
It is highly dependent on what prosecutors have jurisdiction and the politics involved. The Duke Lacrosse prosecution is a good example of a prosecutor going over the top on charges for political reasons, and the Jeffrey Epstein plea bargai
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by gitfan86 5y ago
Exactly. If I want to borrow your comic books and lend them out to my friends for a fee, I can pay you a cut on the money I make lending them to my friends. I can't do the same thing with money because then I am a financial institution
975.
by gitfan86 5y ago
Look at Facebook. Zuck has no interest in giving up full control to someone else, but he does want to be a public company.
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by gitfan86 5y ago
Gitlab doesn't want to sell
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by gitfan86 5y ago
ORCL, MSFT, SalesForce and a few others would pay 10B+ to own those relationships and control of the future of the product
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by gitfan86 5y ago
Actually no one had ever thought of moving goods 24/7, until the White House suggested it in 2021. So we should expect everything to return to normal very soon
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by gitfan86 5y ago
It would be nice if there was some way of educating the consumer. But even if you did let people know that the Delta flight is $60 more and has a 40% less chance of being cancelled, people would still go with southwest.
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by gitfan86 5y ago
Thank God for the meme stocks and crypto. Otherwise we could have seen all the money jump into commodities or trying to corner markets or other goods.
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by gitfan86 5y ago
There is certainly some of that. Cosmopolitan magazine wishes they were the ones making money off of teenage girls insecurities instead of FB. I see this as more of a consumer protection transparency issue. Facebook is saying that they are
982.
by gitfan86 5y ago
A lot of companies are run with the Taylorism hierarchy. The people at the bottom are making the widgets. The layer above them are the managers, who are good at managing workers. A layer above them are executives who are good at making stra
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by gitfan86 5y ago
Anytime you get on the road you are exposing yourself to the possibility that a suicidal or drunk or elderly person with dementia will kill you. Personally, I would like to have very rigorous driving tests for old people and remove licenses
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by gitfan86 5y ago
Also a lot of shorts exist because if you are long X $1 and short Y $1 your total investment is $0.
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by gitfan86 5y ago
Most things in life are a tradeoff. You can't just get rid of 100% of bad things about regulation and keep 100% of the good things about regulations. It reminds me of people who start open relationships. The upside sounds great, but th
986.
by gitfan86 5y ago
This is genius marketing. Decentralization is great, but what is even better is if you host all of your decentralized projects on one central platform.
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by gitfan86 5y ago
If your business plan includes shipments from China at specific costs or times, or if your business plan needs reliable workers at $18/hour, you may run into trouble. Otherwise, yes
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by gitfan86 5y ago
Except copyright and trademark laws exist. The Washington Redskins lost their trademark. You can create as many NFTs of their logo as you want. But you cannot stop me from putting that logo on my website.
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by gitfan86 5y ago
I didn't have a goal, I had a low cost of living and high income and a big interest in technology. So I invested a good bit of my income into GOOG, and then into TSLA. Over the years those have turned into a lot of money. I quit when w
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by gitfan86 5y ago
There must have been some sort of testing period and approval process that involved showing the cars are safe? Why can't you see that until after this official announcement?

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