hackingforfun

10 ms·

31.
by hackingforfun 5y ago
> As for Bitcoin: You're missing the fact that while Bitcoin can't be manipulated away from 21 million, the Bitcoin markets can definitely be heavily manipulated by sufficiently large players and insiders. And there does seem t
32.
by hackingforfun 5y ago
> Crypto will undergo a major crash in 2022. It follows predictable, cyclical patterns, and we are nearing the end of the classic boom/bust cycle. It is unclear whether this will cause the Tether situation to blow up. Crypto and sto
33.
by hackingforfun 5y ago
Canadian mobile networks are more expensive than the US, and are some of the most expensive in the world [1]. [1] https://openmedia.org/article/item/2021-rewheel-report-shows...
34.
by hackingforfun 5y ago
The CFTC does have some jurisdiction. Coinbase: https://www.cftc.gov/PressRoom/PressReleases/8369-21 Kraken: https://www.cftc.gov/PressRoom/PressReleases/8433-21
35.
by hackingforfun 5y ago
> Often here in HN I see comments saying that you must hop from job to job in order to get raises That's because it's a pretty easy way to get a significant raise. If staying at one job, the raises are likely to be less signif
36.
by hackingforfun 5y ago
I don't think most coins will go to zero at some point, some will, but most is too broad. I also don't see any reason why new coins wouldn't keep getting created. Basically, what's been happening will continue. This is
37.
by hackingforfun 5y ago
> What stops a company from currently creating a more automated solution for real estate transactions except for current laws or an inability to integrate with government? They have no incentive to change how they've done things. I
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by hackingforfun 5y ago
A DAO can automate things currently handled by humans. There may need to still be some human involvement (and probably should be), but I'd say there can probably be less involvement than there is now in, for example, real estate trans
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by hackingforfun 5y ago
Some people in the countries you mentioned are making more playing Axie than they could otherwise [1]. I'm not advocating for Axie Infinity, but I think there are multiple sides to this. [1] https://restofworld.org/2021
40.
by hackingforfun 5y ago
I think it would be great if cash was a safe option. I.e. the rates offered would be higher than inflation, so that the value of cash is not eroded. QE leads to people investing in riskier assets, treating stocks like a savings account, w
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by hackingforfun 5y ago
I agree and think the QE from March 2020 only lead people to believe that stocks are safe assets. Then again if The Fed keeps printing, maybe it all just keeps going.
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by hackingforfun 5y ago
This is good to know. I wasn't aware of this website. However, you can't live off of 7.12% on a limit of $10k electronic bonds. I do wish savings accounts still had high interest rates and there wasn't so much incentive to
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by hackingforfun 5y ago
I agree, although I think that having a decentralized and modern payment layer is also a part of Web3. People owning their own data, instead of companies like Facebook and Google, also seems promising, so I haven't written off the owne
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by hackingforfun 5y ago
I do think there's an issue with companies like Facebook owning peoples' data. Instead, with Web3, the idea is that people own their own data, can verify who they are (they own their private keys), and can choose to interact with
45.
by hackingforfun 5y ago
It's also important so that if Ethereum does ever successfully switch to proof of stake, it will be sufficiently decentralized enough already, due to starting on proof of work. Coins starting on proof of stake (including "Ethereu
46.
by hackingforfun 5y ago
Could be something with Meta. Metaverse crypto tokens also have likely been rallying due to that, and maybe that helped spread the word about Web3. Web3 isn't new though. Here is an article from Coinbase from 2018 on it: https:&#x2F
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by hackingforfun 5y ago
Breathalyzers have to calibrated on a regular basis in order to function properly. These are devices that will essentially brick cars if there are false readings. I don't think the lawmakers have thought this through.
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Senator Lummis: Bitcoin Is a Commodity, Other Crypto Assets Are Securities(bitcoinmagazine.com)
2 points by hackingforfun 5y ago|1 comments
49.
by hackingforfun 5y ago
> those who are healthy and under 50 can more or less treat COVID like any other common illness. Is that true? I thought that changed with the variants?
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FDIC Chairman: US Regulators Exploring How Banks Could Hold Bitcoin(bitcoinmagazine.com)
2 points by hackingforfun 5y ago|0 comments
51.
by hackingforfun 5y ago
Where are you getting this information from? Is it from this study [1]? Real money is also going into crypto [2, 3, 4, 5]. I think it's quite an accusation to say that Tether is always the reason crypto comes back. People also &quo
52.
by hackingforfun 5y ago
I'm just wondering, now that they have USD, after selling BTC, what do you think they are they going to do with the USD? It's not like they can extract easily USD from Binance or KuCoin (two of the most popular asian crypto excha
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by hackingforfun 5y ago
I haven’t used Java in a long time. What is in favor now?
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by hackingforfun 5y ago
How do you feel about stocks that have completely unrealistic P/E ratios? Is that not the same speculation that happens in crypto? And yes, I agree, prices don't go up unless people are putting more in, but I'm just saying
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by hackingforfun 5y ago
They also may cash out to another fiat currency, no? I also am not sure I agree that they would all even cash out to fiat. I was asking what are the guarantees that they would cash out to USD, considering that why they may be holding USDT
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by hackingforfun 5y ago
If people aren't buying as much Bitcoin at $100k+ (I assume you are referring to Bitcoin), then what will cause it to go to $1m? I don't think they can have a guaranteed pump like you are saying.
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by hackingforfun 5y ago
What guarantees that everyone would sell that Bitcoin for USD?
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by hackingforfun 5y ago
It was The DAO hack [1]. [1] https://www.gemini.com/cryptopedia/the-dao-hack-makerdao
59.
by hackingforfun 5y ago
Can Tether give you Bitcoin as a redemption? Do you have a source for that?
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SEC's Gensler: Bitcoin futures ETF comes with CFTC protections(seekingalpha.com)
4 points by hackingforfun 5y ago|0 comments

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