mrwong

5 ms·

1.
by mrwong 9y ago
Your realize that pointing yo the tiny nation of Iceland as the only one who actually put people in jail just sounds like sarcasm
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by mrwong 9y ago
The railroad sucks because its an old outdated businessmodel when it comes to personal transport. Only railroadbusiness that make sense is Heave industries and inner city subways. Everything else ist just romantazied waste full bs. So of c
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by mrwong 9y ago
God your socialist are aweful, everytime that fails you guys point it to the random single event that made that whole thing fail and act as if that were some unqie exception. “... single bone headed reliance...”
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by mrwong 9y ago
So what?
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by mrwong 9y ago
Like I said its hidden. E.g. my employe pays around 90k for me of which I only see 78k then they apply Tax, pension, healthcare, mandatory unemployment insurance etc, Im left with around 40k. Then i go and spend it and it again gets taxed w
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by mrwong 9y ago
Example please? By that line of thinking the Soviet Union must have had the best and cheapest service and products. Also Venezuela should be a total Dream right now without empty stores, starving children, no murder rampage.
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by mrwong 9y ago
Tax burden in Germany for middleclass is at around 70%. Beeing a software engineer in germany means that you code 8months for the government and 4months for yourself. The western governments introduced more and more “hidden” taxes. So just
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by mrwong 9y ago
Gl in the future dinosaur
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by mrwong 9y ago
Thats like WarnerBrothers saying in 1995 That movie streaming will never be a thing because its ridiculous to stream with a 56k Modem. Now we have Netflix and Youtube etc. I could go on and on, but the kneejerk resistance is extremely polar
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by mrwong 9y ago
Daily trading of bitcoin is 5b$ Thats just one single exhange fuer one single fiat currency pair Guess what there is Euros, KRW, Jen, Rimimbi. Insane to see how buthurt HN is ober missing out on one of the best tech opportunities in the las
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by mrwong 9y ago
Thats like saying that investing in facebook at 1b$ valuation is a bet idea because its just a company with a website.
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by mrwong 9y ago
#1 reason for privat bankruptcy in Germany are consumer credit default. From buying/leasing expensive cars and gadgets. So people are going broke by the masses from buring money on shit they don’t need to impress people they hate cus a
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by mrwong 9y ago
Musk should do a SpaceX ICO
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by mrwong 9y ago
You assume there would be no capital flight if there would be a superior finance place in the world?
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by mrwong 9y ago
Why dont we regulate everything like that. Why do we allow people to spend 2M$ on a Car or 6k$ on a bag? Why do we allow people to buy unlimited lottery tickets or gamble everything away in the casino? Those examples have cleary less benefi
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by mrwong 9y ago
Wallstreet has a monopoly on IPOs, they are clearly threatened by the ICO boom. Its just the internet all over again. Candlemakers wanted to ban light bulbs. Newspaper wanted to regulate online media. They all failed. So will wallstreet. It
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by mrwong 9y ago
There will be enough marketplaces in the world that will provide a solid legal structure for ICOs. The US certainly wont be a part if them. Switzerland, Singapore and Japan already moved ahead with the legal structure. The world is global,
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by mrwong 9y ago
I think your opposition is a political one. I would argue that the free market will sort it out. Sure people will get scammed a ton. But we can't ignore the insane liquidity that those types of fundraises allow. This has huge overall b
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by mrwong 9y ago
ICO sales took of this summer, early stage startups usually, so would be naive to think that most of them should be profitable already. But here are a two. Startup that issues you a Mastercard that is backed by your BTC, ETC. So you can sho
20.
by mrwong 9y ago
just like the market corrected after Bitcoin hit 1$ the first time 10$ the first time 100$ the first time 1000$ the first time. 8000$ the first time. Sure markets correct, but somehow the ride continued. I love how Silicon Valley was ridic
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by mrwong 9y ago
Dismissing ICO in this early stage is equal to dismissing eCommerce 20years ago because someone got scammed buying something online. Countries like Switzerland and Singapore created and will further create a legal structure to connect the r
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by mrwong 9y ago
95% of People on this planet are not affected by the SEC. (they live outside of the US)
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by mrwong 9y ago
Bitcoin was a good proof of concept, the true value will come from things like Ethereum and others. Even thought the ICOs are in a clear bubble right now, the mechanism behind the ICOs is a solid one and could provide low friction VC fundin
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by mrwong 9y ago
Its interesting to see how hostile HN is towards Cryptos. Completely ignoring the opportunities that it offers for fund raising Start Ups. At the same time HN likes to bash VCs that are uptight and how hard it is to find capital. I think t
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by mrwong 9y ago
That article is incorrect. The youngest self made billionaire is Vitalik Buterin at an age of 23, the founder of Ethereum. Ethereum has a market cap of currently 35B. Its rumoured that he has 5-10% of the coin supply.
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Sonm.io ICO, crowdfunded supercomputer to compete with AWS
2 points by mrwong 9y ago|0 comments