itsprofitbaron

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by itsprofitbaron 14y ago
So by the "economy" think of Bitcoin like they are a country (a really small one) and that’s the only currency for them and in some cases deflation can be beneficial to some people in an economy. For instance as I was saying in the previo
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by itsprofitbaron 14y ago
I have yet to see a solid, intuitive argument as to why deflation is necessarily a bad thing for Bitcoin So deflation is a general decline in prices which usually caused by the reduction in the money or credit supply (in Bitcoin’s case it
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by itsprofitbaron 14y ago
Inflation is considered a bad thing however, it doesn't necessarily mean that it’s a bad thing - if it's anticipated or unanticipated and it’s the sign that an economy is growing (although too little/much inflation can cause issues). What I
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by itsprofitbaron 14y ago
There are direct equivalents to Bitcoin and I am interested in a global virtual currency however, I don't believe that Bitcoin is going to be it. I believe that Bitcoin's value is more of a speculative digital asset rather than a currency
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by itsprofitbaron 14y ago
Unlike other currencies, Bitcoin is limited in supply and produces a set amount every 10 minutes - as a result there is the potential for a liquidity trap because these new injections into the market may fail to stimulate economic growth. W
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by itsprofitbaron 14y ago
The reason I said that is because, there are two reasons to own Bitcoin - either to derive indirect utility through purchasing goods with Bitcoin in the future (therefore Bitcoins are being treated as if it’s a currency) OR the expectation
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Bitcoin Is Fundamentally Flawed(profitbaron.tumblr.com)
67 points by itsprofitbaron 14y ago|206 comments
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by itsprofitbaron 14y ago
I’m not going into the flaw that, I believe surrounds Bitcoin and its algorithm (in particular that I believe Bitcoin isn’t acting like a currency as its incentivising hoarders & due to that this will lead to a recession and because t
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by itsprofitbaron 14y ago
Wanted Analytics released a press release on January 8 2013, showing that "The number of product management or product development job ads posted during December rose 23% compared to December 2011, 30% versus 2010, and 99% from 2009"[1] whi
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by itsprofitbaron 14y ago
There are 211 jobs available with Ruby on Rails positions advertised on AngelList. 47 of those jobs advertise $100-109k positions & 64 are offering .5-.9% equity. You can enter your area etc for a more detailed range etc: https://angel
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by itsprofitbaron 14y ago
From the information you’ve provided so far, it sounds like you need to write a technical spec because, if the code is as bad as you say it is etc (it’s hard to know without knowing what it is, although I can understand why you don’t want
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by itsprofitbaron 14y ago
You should have a lawyer draw up the contract for you but there are 3 things a contract requires: 1. An Offer 2. Acceptance 3. Mutual Exchange The reason you should have a lawyer draw up the contract is because, things can become complicate
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by itsprofitbaron 14y ago
I think that this is a smart move by Facebook building a layer over Android. At least at this stage anyway because, they’ve now positioned themselves in a great position because they’ve made it harder for Google to go back on the openness
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by itsprofitbaron 14y ago
I evaluate stocks in 3 steps: Step 1. Look At The Numbers First of all I have a look at a company’s balance sheet. When I am looking at a company’s balance sheet I am using the Current Ratio and Acid Test Ratio to assess its liquidity, look
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by itsprofitbaron 14y ago
Alternatives to Bitcoin: LiteCoin - http://www.litecoin.org NameCoin - http://www.namecoin.info Freicoin - http://www.freicoin.org IXcoin - http://www.ixcoing.org BBQCoin - http://www.bbqcoin.org PPCoin - http://www.ppcoin.com
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by itsprofitbaron 14y ago
I'm talking about the sites with a lower alexa ranking who potentially are gaming the results. For instance, I have a "junk" site (its kindof lame) which took about ~30 minutes of my time to make in 2007 and I haven't touched it since and t
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by itsprofitbaron 14y ago
FWIW Alexa isn't accurate and can easily be gamed.
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by itsprofitbaron 14y ago
HackerNews n00bs are users who are initially green . Likewise, you can see all stories and comments which have been posted by n00bs at: https://news.ycombinator.com/noobstories https://news.ycombinator.com/noobcomments
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by itsprofitbaron 14y ago
You can’t really compare entrepreneurs and VCs roles, as they are entirely different things. VCs are investors and may or may not have a board role and although they add value in other ways, the day-to-day running of the company is left
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by itsprofitbaron 14y ago
In Europe, they tried to solve it by saying inventions which are computer implemented and only solve a business problem instead of a technical problem are considered unpatentable[1]. However, what you are saying is the same in the US its
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by itsprofitbaron 14y ago
I said that the price is suitable for Yahoo because, if they did not believe that the price was acceptable to Yahoo and its shareholders then, they would not have sanctioned an acquisition for the company. Likewise, I think your comment abo
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by itsprofitbaron 14y ago
Normally whenever an acquisition happens, I avoid these types of posts on HN because there are often people in the comments (and even in the posts themselves) calling out the acquired company saying “I could have done this” or “Acquirer cou
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by itsprofitbaron 14y ago
Cyprus's GDP per capita is $28k[1] and the reason Cyprus needs a bailout for 10B Euros is because its economy is worth 17.5B Euros which (until last week anyway) was expected to fall 3.5% this year. Likewise, Cyprus has a large banking syst
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by itsprofitbaron 14y ago
To add some context to this situation, Cyprus is a country of 1.1 Million people and it's banks have 68 Billion Euros in its accounts (of which 38 Billion is in accounts over 100k Euros) and as highlighted by their own GDP, its an amount of
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by itsprofitbaron 14y ago
You can scrape HN as long as you respect the robots.txt[1] and don't retreive more than a couple of pages per minute. Have you considered just pulling the data from HNSearch's API[2] or the one by iHackerNews[3]? [1] https://news.ycombinat
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by itsprofitbaron 14y ago
I have used several shopping platforms and I consider Magento to be far superior to other shopping platforms that I have used – although, at first I was pretty critical of it. My initial criticisms of Magento (particularly versions before 1
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by itsprofitbaron 14y ago
Developer Evangelist's are not PR, Marketing, Sales or Recruiting and they are not coding all of the time either - although there are some of these involved. Essentially a Developer Evangelist's role is like a combination of Business,
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by itsprofitbaron 14y ago
This question was on HN, 319 days ago[1] where I mentioned that I didn't think PG would answer the question because of his answer on Askolo[1] and because they consider applications to be confidential which, is very similar to the answer he
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by itsprofitbaron 14y ago
FWIW I think that the "See you next year" comment was in response to the fact that he (the guy who was fired) said he will be at pycon in 2014[1] and before stating his side of the story, he said that he defended her position[1]: "First
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by itsprofitbaron 14y ago
In response to the dev on HN 2 days ago, Adria said[1]: "I'm sorry to hear your employer deciding to not to work with you on this and I hope they reconsider, bring you back on and dealing with it constructively" [1] https://news.yco

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