pinkybanana

9 ms·

61.
by pinkybanana 6y ago
Well I bought BTC at $1 and so did many others, now it trades at $60k...
62.
by pinkybanana 6y ago
Airbnb market cap is at 105 billion and Coinbase is currently at 86. Personally I'm very sceptical that current valuation for Coinbase is justified. It is a great company for sure but there definitely arent similar network effects as w
63.
by pinkybanana 6y ago
It is already down to $330...
64.
by pinkybanana 6y ago
Sounds like someone missed the train, again.
65.
by pinkybanana 6y ago
I was at a startup, we almost never wrote tests, just hacked like amateurs in the way this guy seems to despite. But we managed to sell the startup and got rich. Now the software we hacked together is being maintained by professional progra
66.
by pinkybanana 6y ago
FIRE = Financial Independence, Retire Early. What you are talking about is the FI part, retirement is a different concept and means not working. In FIRE context retirement means exactly the same as it means commonly.
67.
by pinkybanana 6y ago
How much less valuable exactly would you estimate? These markets for dirty bitcoins probably already exist, I would guess. I think someone would swap dirty btc to clean with price like 10% or maybe 20%. For criminals that would be just the
68.
by pinkybanana 6y ago
There are already blacklists and sanctioned bitcoin addresses. It might defeat your point of bitcoin, whatever that is, but not mine... There is no universally agreed "point of BTC".
69.
by pinkybanana 6y ago
It is quite difficult to have global, functioning blacklist system. I would guess for example some country in Asia might have quite different blacklist compared to let's say to some country in Europe. From criminals perspective they pr
70.
by pinkybanana 6y ago
In common language it doesn't. Many people who choose to work don't need the job to survive. I know ridiculously wealthy people who just keep working the usual way. No one says those people are retired. While retirement is cool, I
71.
by pinkybanana 6y ago
I think you are talking about the first wave of BTC lending sites, which had faulty business model. These days they only give out loans with collateral. No one is giving those loans any more that don't have collateral.
72.
by pinkybanana 6y ago
To me it sounds so weird, that it is quite difficult to believe that it is not money laundering. Sounds exactly like someone somehow gained access to some old, retired persons old business account and decided to cash it out via crypto.
73.
by pinkybanana 6y ago
No there is no easy way, you need few accountants to handle the payroll. Something coinbase as a 1000+ person company can probably easily afford.
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by pinkybanana 6y ago
Why wouldn't companies use WFH for their own benefit? They are businesses. I find it weird that western workers somehow imagine that WFH means that they can happily work remote but not compete with other remote workers. The fact is tha
75.
by pinkybanana 6y ago
I agree, 1 year is very short time. We might see the effects of WFH policy even after 5 years or so, positive or negative.
76.
by pinkybanana 6y ago
Yeah, because paypal doesn't allow sending and receiving bitcoins to begin with. For sure they block sanctioned individuals or customers from sanctioned countries like any financial institution. And if they implement crypto, for sure t