seibelj

70 ms·

661.
by seibelj 5y ago
When I moved to my neighborhood it was dangerous to walk in at night and there were no children. 10 years later and plenty of families are here. The movement of all of these people are what made it safer - people who want a safe and healthy
662.
by seibelj 5y ago
Or just move to a shitty area that is cheaper, plenty of those around.
663.
by seibelj 5y ago
Another way to look at it is that there is absurd amounts of empty land throughout the country. Places were undesirable and cheap, and people of moderate means bought them, improved the area, and over decades it became a desirable area. You
664.
by seibelj 5y ago
China is a corrupt authoritarian dictatorship. They are not someone that countries with the rule of law should try to emulate. I recommend this book if you want an insider’s view of how China really operates: Red Roulette: An Insider's
665.
by seibelj 5y ago
This is exactly the same as a dividend, but the benefit is shareholders can choose when to recognize profits rather than being forced to when given the dividend. The double-taxation of corporate taxes and dividend income has made this the f
666.
by seibelj 5y ago
Also, there exists a system that so many people are trying to enter, that it has to pass laws to prevent ~70% of the earth from immediately emmigrating there. One that has made more immigrant 1st-generation wealthy than any other. One that
667.
by seibelj 5y ago
As I stated before, the art is less important than the proof of ownership. The creator says, “This is the contract. There are only this many. All others are fake.” And for whatever reason I like the creator and want to own it. Just like a p
668.
by seibelj 5y ago
> With an NFT, the art itself is available to anyone, regardless of if you own the NFT. You never needed to buy an NFT to enjoy the art. The only thing of value in an NFT is the NFT itself, not the art that it represent. If the NFT is n
669.
by seibelj 5y ago
If you publicly state which smart contract is your NFT, then that would be the real one. Similarly someone could claim a physical painting is yours, but you could publicly say it isn't. The blockchain doesn't know anymore than a p
670.
by seibelj 5y ago
I simply disagree that 3 vertical bars are worth millions of dollars. But that's the point I'm making about art - it's subjective.
671.
by seibelj 5y ago
However even HN must admit the art world is a real industry, with a lot of big money players, and the reason things have value is not in the quality of the art. I see the same argument rehashed over and over, and it's the same reason H
672.
by seibelj 5y ago
Prints are a near-perfect replica of any painting, and also professional forgers routinely copy works of, or create original works of, major artists in order to make a lot of money. However prints are typically worth a fraction of the origi
673.
by seibelj 5y ago
Have you read this book? https://www.amazon.com/Red-Roulette-Insiders-Corruption-Veng... Desmond Shum fled China with his son after his wife, one of the richest women in China, was disappeared back in 2017. He was told all
674.
by seibelj 5y ago
I'm happy when people are motivated to protest, regardless of the issue or political affiliation. Better than just taking it on the chin, over and over, slowly boiling as politicians make things worse.
675.
by seibelj 5y ago
There is not supposed to be any prior relationship between the SPAC's sponsors and the company being acquired. I believe it violates SEC rules. So the VC shouldn't be able to set up SPACs specifically for acquiring their own compa
676.
by seibelj 5y ago
Not worth DIYing anything that can potentially kill your baby. All of the stuff sold is engineered to prevent this from happening. Zero percent chance I'm hammering some 2 x 4's together to save $80.
677.
by seibelj 5y ago
Boston University was well known for having high GPA requirements and being notorious for grade deflation and mandatory scaling of grades. B’s were very common, but with most scholarships requiring a 3.3 average it was easy to slip right un
678.
by seibelj 5y ago
I wish every dollar spent on video games was just given to the world’s poor instead. Just crazy that with all the suffering in the world, billions of people spend money on frivolous entertainment.
679.
by seibelj 5y ago
> Ms. Omarova wants to put an “‘end to banking’ as we know it”—again, her words—and transfer private banking functions to the Federal Reserve, where accounts would “fully replace” private bank deposits. The Fed would control “systemical
680.
by seibelj 5y ago
There are many who work in non-profits with high 6 or 7 figure salaries. Seems like profit to me! Back in 2015 the president of Boston University raked in $2.5 million https://www.bostonmagazine.com/education/2017/
681.
by seibelj 5y ago
Great for rich people on HN. Bad for middle class and poors who need to drive right now, not 20 years in an imagined future.
682.
by seibelj 5y ago
The blockchain database doesn't have an owner. Users (public keys) can only modify very specific things related to them, and no node can arbitrarily modify it.
683.
by seibelj 5y ago
A major difference now is the majority of those with vast wealth earned it themselves through creating new enterprises. The aristocrats of old received it through birth or politicking. The rich today are far more effective and organizationa
684.
by seibelj 5y ago
One general strategy is to make a suggestion, allow it to be shot down, then start gathering data about why fixing the thing would help. I operate at a very high level in an organization but in general I accept disagreement, keep track of w
685.
by seibelj 5y ago
110%, would stake my name on it JamesSeibel.com
686.
by seibelj 5y ago
How it is a massive leap when you are insinuating that the attestation means Circle is doing something shady? You are trying to have it both ways. Circle is not a sketchy Eastern European or Caribbean operation. They have a big office in Bo
687.
by seibelj 5y ago
The risk is not that Circle would lose your money, I am extremely confident in their security and key management. The risk would be that you yourself would lose your key somehow. You are also open to smart contract risk in Uniswap from your
688.
by seibelj 5y ago
I worked at Circle. If you think that Jeremy Allaire is going to go to federal prison, you are out of your mind. Their combined in-house plus external legal teams are larger than 95% of the YC startup headcounts. The US government has been
689.
by seibelj 5y ago
Interesting you bring this up, because the average assumed rate of return for pension funds is 7.7%: https://reason.org/data-visualization/public-pension-plans-n... You may have noticed various pensions being bailed ou
690.
by seibelj 5y ago
Not yet!

More ›