repomies691

12 ms·

61.
by repomies691 9y ago
Well of course it is better the more savings you have. However for me when I started my entrepreneurial career, I think the fact that I didn't have much money helped to launch the business. I had to pretty quickly to launch some produc
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by repomies691 9y ago
Well yeah it is in no way quickly in that sense, you need 1-2 months to actually receive the money. Unless otherwise agreed. It comes down to have the savings, but as well to have low living expenses or otherwise lifestyle in a way where yo
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by repomies691 9y ago
I had been working as a web dev (full stack) for some years, so the freelancing gigs I found were mostly web programming. One gig was for my ex-employer, other one was for other company. Of course you need to have some selling skills as wel
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by repomies691 9y ago
When I started my company like 10 years ago, I also had savings for only like 4 months. However my plan was not to do games specifically but anything that pays the bills. Though I made one game as well but more like for fun and training, no
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by repomies691 9y ago
Liquidity is the most important property of the cryptocurrency. Faster transactions, anonymity or lower fees hardly matter if there are no places where I can spend the currency. Or if I sell services with it, there are no customers willing
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by repomies691 9y ago
You sound like you are living in the US, and everything is simple there and works as described. Which is probably true for you, as I understand those are exchanges catered towards US customers. However the mistake is that you assume that th
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by repomies691 9y ago
It is probably very painful following it closely and not investing from the around $10 prices or so. Makes you mentally even more tied to the non-investment, and makes you invent better arguments on why you didn't invest.
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by repomies691 9y ago
It might also be that the central banks are printing money like hell, and people look for places where their value stays better. For example ECB (european central bank) is issuing 60 billion euros new money each month, and buying bonds with
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by repomies691 9y ago
They can also peg the value using BTC. Basically they just buy using their dollars/fiat some BTC, deposit it to exchanges, and then using some simple bot beg the value of the USDT to USD with bid orders. And vice versa, they can have s
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by repomies691 9y ago
> Basically everything about the parent comment is factually incorrect. I'm not sure why it's so upvoted. patio11 is well respected in this community, so I guess the post is upvoted just because of the author. I personally resp
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by repomies691 9y ago
So... Basically Apple is increasing the suffering by creating all those laptops and iphones? That is very difficult for me to grasp. Apple creates computers and phones which make peoples lives a lot better, and people are willing to pay for
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by repomies691 9y ago
I think it has been quite obvious for very long time that in general there is no market for micropayments/microtransactions. I don't see why on earth someone would be willing to make small transactions all the time. Normal people
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by repomies691 9y ago
> Apparently this startup has $55M in funding but if I was an investor I'd be wondering what the hell they're doing right about now. Blockstream is quite a weird company in the bitcoin space. No one seems to have much idea what
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by repomies691 9y ago
> A blockchain, needing to be received by every user at the same time, is literally the perfect use case for satellite broadcasting. I have never seen any interest from governments actually blocking blockchain data, or in general censori
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by repomies691 9y ago
This is what I would do if I had to invent something fun to do with the VC money, while avoiding actual work.
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by repomies691 9y ago
Anyone can create a new altcoin which starts with bitcoin balances at certain point of the history. If every bitcoin exchange has to support every new altcoin that does that, it would be lots of hassle. I don't think legally the exchan
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by repomies691 9y ago
It is most definitely not a stock split, but a free handout. Anyone can create a shitcoin at any time that gives "free shitcoins" to all bitcoin, ethereum etc holders. In fact, that is clever marketing for the altcoins because the
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by repomies691 9y ago
Well, didn't realize it previously, but the following might work: 1. Earn bitcoins with some serious crime (ransomware, drugs or something) 2. Organize ICO and invest the criminal proceeds to your ICO anonymously. 3. "Clean"
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by repomies691 9y ago
To me it looks like with ICO's there is actually more information asymmetry than with traditional centralized securities markets. It is very easy for example to do insider trading with ICO's, since anonymous accounts are very easy
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by repomies691 9y ago
"Massive amounts of electricity and hardware wasted to keep a distributed ledger safe; an army of computer nerds facilitating fraud, narcotics sale and money laundry; and finally the bankers sensing bucks to be made on a large number o
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by repomies691 9y ago
> If ICOs are a fraud, then surely our entire financial system is a fraud because there is much less transparency and honesty there. Well... I'm not against ICO's, but as bad as traditional finance world is, there are a lot mor
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by repomies691 9y ago
> What are the "spades" here? At least quite many companies seem to be offering this kind of "ICO service" products - essentially they setup the ICO tools etc for you, help with converting the collected funds to dolla
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by repomies691 9y ago
Come on. Quote from original comment: "Until we have near-perfect code writing AIs every new smart contract is just a disaster waiting to happen." If smart contracts are at all useful, they most definitely will be useful before
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by repomies691 9y ago
Everyone chooses risks that they take, and consider whether there exists enough benefits for the risks. It makes sense to take calculated risks. I'm opposing the viewpoint "there exist risks, therefore it shouldn't not be con
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by repomies691 9y ago
They might still be a good idea, you just have to live with that risk. World is full of risks anyway and you might die tomorrow in a traffic accident. Sometimes risks are worth taking, such as leaving your apartment and risk walking under a
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by repomies691 9y ago
How about taking some existing smart contract, and also reviewing it also carefully? If it is used already by lots of users, people have already trusted it with their money. I'm pretty sure that developing your own has much, much highe
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by repomies691 9y ago
His project sounds very dubious to me. Promising something like "Death to paperwork. Avoid useless intermediaries." or "digital jurisdiction" sounds to me like the guys don't really know how the world works. https:
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by repomies691 9y ago
What about the bad developers, who are also millionaires?
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by repomies691 9y ago
It is a good tool, people use it, however it turns out it was not a silver bullet (tm). I think it is pretty much settled for what things it makes sense or not.
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by repomies691 9y ago
Well, there isn't any else service that is profitable and on those markets? Uber seems to be the only somewhat globally available this kind of service. Even lyft operates only in US. There are lots of local competitors but what I see t

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