scottnyc

5 ms·

1.
by scottnyc 8y ago
No question. It's pretty evident they are aggressively spending on acquisition to boost their top line numbers. Timing wise, this effect will probably show up after they IPO and for their first publicly reported earnings announcement.
2.
by scottnyc 8y ago
Article says friend is in Manhattan and earned (i.e. total comp) $1.2mm. Very unusual for anyone in finance to have that high a salary short of being a CEO earning $10mm+. Suppose he lives on the UWS in a 2000 square foot 3-4 bedroom condo
3.
by scottnyc 9y ago
Fully agree. Following suggest coal is still the main source of energy for Chinese miners. https://qz.com/1055126/photos-china-has-one-of-worlds-larges... https://www.bloomberg.com/news/articles&#x
4.
by scottnyc 9y ago
The number is without question much smaller than the current market cap of BTC. The current price and number of shares traded on the exchanges is not very meaningful since exchanges are unregulated and you have behavior such as wash trading
5.
by scottnyc 9y ago
I'll disagree. Gold once mined will be there for us forever. Bitcoin once mined will need us to perpetually mine it to exist. Gold will survive a nuclear war. EMP blasts, Hard drive failures, viruses, quantum computing and the lack of
6.
by scottnyc 9y ago
This meme needs to die. You think if bitcoin became a transaction standard there wouldn't be thousands of institutions and companies servicing the use of bitcoin? You don't think Coinbase won't become just like JPMorgan and e
7.
by scottnyc 9y ago
I see what you're saying, and that's an interesting way of thinking about the intrinsic value of Bitcoin. I suppose in estimating the value of the ledger you should also consider the negative value contributions to having this p
8.
by scottnyc 9y ago
I agree that this might be a wealth transfer to China. Bitcoin inherently does not hold any value, it is a ledger. When someone buys bitcoin, someone else sells it and takes the cash out of the system. Right now, a lot of mining is still ta
9.
by scottnyc 9y ago
You know they will. But they should have no basis as this is an unregulated market and global, so local governments will have no incentive to socialize the losses of foreign citizens. Governments need to quickly enforce suitability guidelin
10.
by scottnyc 9y ago
I really don't understand how people can relate gold to bitcoin - other than the fact they both seem to trade at prices unrelated to fundamental underpinnings. In my opinion, bitcoin is not digital gold, and quite the opposite. Both r
11.
by scottnyc 9y ago
You don't get to pick just the bitcoin exchanges as well. If bitcoin ever became a standard, you would by your logic have to include every financial institution that pops up to service bitcoin, custody bitcoin, swipe bitcoin at a store
12.
by scottnyc 9y ago
Fair on the first point (thank you, good to learn). Still doesn't make me feel better if I send something to the wrong (yet) valid address that I have no recourse to fix that. Or if I lose my key there is no institution who would be th
13.
by scottnyc 9y ago
If you follow the money, Bitcoin does not replace fiat. If I bought $100USD of BTC on coinbase, that $100USD goes to someone else who sold me their BTC. It's still fiat. I'm not confident the governments really mind in that respec
14.
by scottnyc 9y ago
I view this paper with both love and hate. I think it's technically brilliant and fascinating, and at the same time incredibly naive and will do far more harm than good in this world. While a trust free payment mechanism sounds wonderf
15.
by scottnyc 12y ago
As someone who is neurotic about parking (I will walk up and down the street 3 times making sure I didn't miss anything), I think this is wonderful. I don't care if it's hard to read or if I have to re-park at times. Simply b
16.
by scottnyc 14y ago
I really like this. However, I don't see anything regarding the terms and valuation which I would invest at. How can one responsibly invest without know what my $1000 actually gets me? If the process is that the valuation will be set once f
17.
by scottnyc 14y ago
I really like this idea. As someone who doesn't have an office to send packages to or a doorman, I will use it. I'm actually interested in seeing how they'll address utilization if it gets popular. What if 100% of the spaces are taken, and
18.
by scottnyc 15y ago
Definitely. One reason why we created it was that even though Facebook and twitter can add location to posts, no one really uses it in the proper mindset. On facebook, you're constrained to your social graph. You can't try and seek out ne
19.
by scottnyc 15y ago
Hey guys, we've seen similar ideas coming out recently so we wanted to get our work out there and try to validate the idea. What we've created is a way to let people leave messages at any latitude/longitude point for anyone else to read (so
20.
Show HN: Skychalk - share thoughts on anything anywhere (like digital graffiti) (skychalk.com)
2 points by scottnyc 15y ago|3 comments
21.
by scottnyc 16y ago
I for one couldn't agree more that yelp has gotten a little bit out of control. So much so, that my personal project has been to make an alternative (but solely focused on restaurants.) My version is also more social and list based. I'd lov
22.
by scottnyc 16y ago
If this was implemented, I'd imagine the quality of names for RMS candidates would drop off a cliff! I've got to imagine that everyone who reads these forums has at least 2-3 domains that they've owned for a while for future projects.
23.
by scottnyc 16y ago
I as well. I've been 'lurking' on hacker news for almost two years. It doesn't mean I don't want to participate, it's just that whenever I do have something to say it's typically been addressed already by another user (the topics I'd probab