pinkybanana

13 ms·

31.
by pinkybanana 5y ago
As long as BTC transfers between custodians are possible, that should be quite small problem. There might be winner in terms of liquidity and volume, but because anyone can quite easily fire up custodian service, there should be also plenty
32.
by pinkybanana 5y ago
This. People just assume onchain txes and LN are the only way to scale. In practice centralized scaling via custodials has been there from the very early days.
33.
by pinkybanana 5y ago
> just because they were the last isn't probably something most people would agree with. Most people also don't agree on huge salaries and bonuses for CEO's, in practice the people with money are willing to pay those perks
34.
by pinkybanana 5y ago
There is no centrally defined "point of Bitcoin".
35.
by pinkybanana 5y ago
I think neither. El Salvador is very small country, and not big economical actor.
36.
by pinkybanana 5y ago
> Remember, Tether has no upside. There is no reason to ever hold Tether for any length of time. "There is this product/service X, that is bought and traded fro billions. I don't see any use cases myself so clearly there i
37.
by pinkybanana 5y ago
> you always get what you pay for. This isn't true. Yeah statistically maybe. In practice if you are willing to endure some hassle you can save a lot of money by using offshore freelancerds/contractors. However it requires lo
38.
by pinkybanana 5y ago
> We go a whole year working remote with almost no issues or lost productivity I've heard a lot about this claim "no lost productivity". However that is for the employer to be evaluated, not for the employees. The complain
39.
by pinkybanana 5y ago
Lawyers do a lot of work where their licence is not really needed.
40.
by pinkybanana 5y ago
If remote work is a winning concept on the market, why we needed coronavirus crisis for it to get adopted? Are markets not working?
41.
by pinkybanana 5y ago
> 4. People who absolutely cant stand their families want to spend time away from them. I don't think this is fair characterisation. If you have kids, working from home can be quite stressful. > And to all of these people I will
42.
by pinkybanana 5y ago
After using M1 for some time I don't really want any Intel machine any more.
43.
by pinkybanana 5y ago
The difference to PoW is that the exchanges can do the staking with very minimal effort. I would guess majority of exchanges give the staking results to customers while taking some % fee. I don't have any problem with this in general,
44.
by pinkybanana 5y ago
You don't seem to understand how exchanges work. Locking the funds won't be problem to exchanges. Most of the funds just sit dormant in cold storage for long periods of times. For withdrawals you always use most recent deposits an
45.
by pinkybanana 5y ago
There are lots of participants in the global economy who has money. The idea is that you have enough different people with competing incentives. PoW provides incentive model which separates different actors (pools, exchanges etc) and also a
46.
by pinkybanana 5y ago
No, it is very different because in practice the pools and exchanges are totally separate entities. With PoS the biggest holders will be exchanges and therefore exchanges will control the cryptocurrency. With PoS there will be clearly less
47.
by pinkybanana 5y ago
> Elon Musk's net worth is $28B. His faith in a crypocurrency as a value store counts for a lot. Not only that, but he has pretty dominating role in various companies whose market caps are in hundreds of billions at least.
48.
by pinkybanana 5y ago
> I thought that Bitcoin was particularly bad because block sizes were small, so there's a big incentive to mine and get mining fees. No. Doesn't make sense. Miners get rewarded for spending energy in all PoW coins. I don'
49.
by pinkybanana 5y ago
> There is a trend I’ve seen of a company making a decison, everyone hating on them for it, then they reverse the decision, and they are still criticised. World is a complex place and there are groups who have different opinions on this.
50.
by pinkybanana 5y ago
> > You dont need a token. No, really you dont. Your tokens only use case is likely to transfer value > Other way round: transferring value to yourself is the only use case. Everyone needs money. These tho claims are contradictory.
51.
by pinkybanana 5y ago
I would guess that if you are laundering money, launderer would happily spend extra money on safety and other issues to prevent getting too much attention. Here the case sounds like if the laundering oligarch hadn't been stingy on thos
52.
by pinkybanana 5y ago
> The worrying thing is that the West gave international legitimacy to these wealthy elites, while only pointing fingers at the endemic corruption in their countries. Wouldn't it be quite difficult to prevent foreign money being lau
53.
by pinkybanana 6y ago
My life has improved a lot thanks to Bitcoin, that equals very objective value for me. Maybe you are talking about "value for society" or something more abstract? Value is very simple concept and Bitcoin obviously provides it to m
54.
by pinkybanana 6y ago
I got rich with Bitcoin, the value in my life has been quite tangible. I live in big house, drive a nice car, I don't have to work unless I want to. This is how I would pretty much define value. Q1. by accepting and preferring BTC as a
55.
by pinkybanana 6y ago
The problem is evaluating the size of the bid. Salary is only one part of the equation and people rarely get wealthy on salary alone. There are multitude factors when evaluating the "bid" of the company and to actually understand
56.
by pinkybanana 6y ago
The problem is that people make lots of claims towards the direction of "stock options are always worthless" when they should say more like "stock options are often worthless but sometimes can be ridiculously valuable".
57.
by pinkybanana 6y ago
So you think it is better to work for a startup that doesn't promise any shares to begin with?
58.
by pinkybanana 6y ago
Bonuses are very rarely negotiated, but they are added by the management. It is very stupid to assume something about bonuses because I've seen it so many times that they can be unpredictable. Negotiate your salary and other perks, if
59.
by pinkybanana 6y ago
How so? For example coinbase is happy to convert your early bought coins to fiat if you want, and these days the liquidity is billions. I haven't looked at Coinbase stock liquidity, but I would be it is worse as BTC liquidity.
60.
by pinkybanana 6y ago
It is actually interesting thought pattern, which would be better investment? With owning private equity there is also lots of work involved I would guess, with BTC you just sit on it... Latter is of course very hard in volatile market, whi

More ›