rawtxapp

27 ms·

331.
by rawtxapp 5y ago
This brings central bank's control to a whole other level. For example, right now, central bank could loan lots of money to retail banks, but there's no guarantee that those retail banks will in turn loan it to average consumer. W
332.
by rawtxapp 5y ago
In absolute numbers, California has a population of ~39.51M, so 182k isn't significant enough. Personally, I left for a multitude of reasons, but whoever takes these statistics and concludes that "California is dying" is delu
333.
by rawtxapp 5y ago
Housing prices are going through the roof pretty much all over the country/planet. That's what happens when it becomes an investment vehicle.
334.
by rawtxapp 5y ago
For sure, everybody has different goals in life, but the thing is they are creating wealth, just not for themselves is all.
335.
by rawtxapp 5y ago
Very costly and lots of regulations, big consequences for failing. If a SaaS product has a bug, worst case scenario, someone loses money, if someone messes up in healthcare, a person might die.
336.
by rawtxapp 5y ago
Use your free time to build stuff, save the money to bootstrap and when your project gains traction, leave and build your own things so that you're not making someone else wealthy. The brightest absolutely do spend their time and energ
337.
by rawtxapp 5y ago
Biotech is one, we are still nowhere near close to understanding the secrets of the human body, there remains lots of incurable conditions, etc. I think the speed at which they were able to develop mrna vaccines just shows how far along we&
338.
by rawtxapp 5y ago
On the other hand /r/cryptocurrency introduced "moons" as tipping mechanism and the quality of the discussions went downhill really quick. Nowadays, there's lots of sob stories or random posts about how a person j
339.
by rawtxapp 5y ago
I think those networks are based on things are useful without the social network, the network itself isn't something they use on an on-going basis (for example, I doubt Ferrari owners gather everyday to increase DAU numbers on an app,
340.
by rawtxapp 5y ago
Your mileage may vary, but I always get quick answers and had all my problems solved fairly efficiently. Though I'm not surprised that with 56 million users, there will definitely be people who will receive bad customer service I guess
341.
by rawtxapp 5y ago
It probably won't be popular here, but allocating a small % to Bitcoin. And assets, stocks, real estate.
342.
by rawtxapp 5y ago
For the curious, you can see his wallet here: https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c...
343.
by rawtxapp 5y ago
I already have everything I need, what should I consume next? Those examples are not consumption, they are investments for the future and are arguably a net positive and a saving's mechanism by themselves (saving the planet, your livin
344.
by rawtxapp 5y ago
Imagine if we did that when printing presses came along replacing the scribes or cars came along replacing the coachman, our civilization would stagnate.
345.
by rawtxapp 5y ago
I think the parent comment is talking about Silicon Valley salaries where the ballpark starting compensation at FAANG is roughly in line with ~180k$ (that was my starting comp many years ago, it probably has increased since). In the Bay, th
346.
by rawtxapp 5y ago
Becoming the most trusted decentralized worldwide settlement layer is considered a failure now? Many of the cryptos that claim to scale to thousands of tps on layer 1 are all sacrificing decentralization to achieve it, at which point, I mig
347.
by rawtxapp 5y ago
They are here, the publicly known nodes alone on lightning have 1.2+k BTC locked in [1], that's ignoring all the private channels which form the majority of the channels (private channels are the end-user channels which don't ro
348.
by rawtxapp 5y ago
I bought a second 10TB harddrive just to be able to run a full eth node, right now even fast sync of eth requires like 400GB+, full archives sits at 6TB+ [1]. When infura went down, the whole network had issues [2]. I'm really hoping t
349.
by rawtxapp 5y ago
Decentralization/trustless aspect of Bitcoin is the utmost important thing, without those, there's no need for it, we can just use fiat. Once you've accepted that premise, the next question is how do you achieve the most de
350.
by rawtxapp 5y ago
In hindsight, I think most would agree it was a good idea to force the smarter scaling solutions rather than brute-force blocksize scaling (which sooner or later would have hit a ceiling anyways).
351.
by rawtxapp 5y ago
Yep, even though pretty much everyone agrees taproot is a positive change, the most controversial part so far was on agreeing how to activate it, this activation process is actually pretty conservative and gives enough time/participati
352.
by rawtxapp 5y ago
To play the devil's advocate, that would also mean keeping things inefficient on purpose to avoid job losses. I want my taxes to be automatically by some computer without having to deal with a human that's more prone to errors. I
353.
by rawtxapp 5y ago
A bit has to be flipped in a system where no one trusts (or has to trust) each other, that's why it uses energy.
354.
by rawtxapp 5y ago
If Bitcoin reaches those prices, it would have twice the market cap of all gold and significant % of global wealth, so that energy would be well spent to secure all that wealth.
355.
by rawtxapp 5y ago
For much of doge's existence, it was worth practically nothing and still has very low trading volumes compared to BTC, so you can't easily get in and get out of a position. Tesla was able to sell 200M$ worth of BTC relatively easi
356.
by rawtxapp 5y ago
You need to be a slave to the system, always chasing the next shiny thing, who will bankroll useless material consumption otherwise? People don't save for rainy days and when things go south, everything collapses and the system is too
357.
by rawtxapp 5y ago
In all of Bitcoin's existence, at today's price, there's only few time ranges where you would have lost money, if you just held on, you made it back and then some. Of course, past performance doesn't indicate future, but
358.
by rawtxapp 5y ago
Just use Privacy's virtual cards to sign up for services. If a service doesn't let you cancel, just cancel the card itself. That's what I've been doing. Of course, it's a different story if you signed some kind of c
359.
by rawtxapp 5y ago
More like increases inequality [1][2]. If you're rich, you have access to rock-bottom interest rates which you can then invest. If you're an average citizen, you watch all asset values (real estate to start with) soar while your i
360.
by rawtxapp 5y ago
Yep, that's what people don't understand, you can ban centralized entities as much as you want, but you can't stop people from running arbitrary code on their devices which means it's impossible to shutdown a properly de

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