seibelj

79 ms·

871.
by seibelj 5y ago
I have worked professionally in crypto since 2016
872.
by seibelj 5y ago
Not a pyramid scheme and it's no different than buying AMZN stock. Except my purchase was ridiculously contrarian compared to buy and hold FAANG.
873.
by seibelj 5y ago
Yes I have a very tight group of friends I have maintained since grade school, and a very tight family. My brother also became self-made wealthy which is nice. I keep business associates separate from family and friends and don’t mentally b
874.
by seibelj 5y ago
I made a lot of money in crypto and I think I deserve every penny. I told everyone I knew that crypto was the future, I got into the industry, and practically nobody listened (let alone the HN echo chamber which is to this day fiercely anti
875.
Kwenta – trustless trading of equities and derivatives(kwenta.io)
2 points by seibelj 5y ago|0 comments
876.
by seibelj 5y ago
And America is supposed to spend $1 trillion+ per year so that a thousand women can keep banking jobs? Many middle eastern countries are extremely conservative. We can't police Afghanistan nor the world. Should never have been there, s
877.
by seibelj 5y ago
I own a company that makes specialized hardware using raspberry pis ( https://icryptonode.com/ ). This is very helpful.
878.
by seibelj 5y ago
My uncle died of ALS. I find it less scary than Alzheimer's disease but still a truly awful way to go. He wasted away. He was unable to really sleep because every time he fell asleep he would have a subconscious reaction to the breathi
879.
by seibelj 5y ago
The great part about cryptocurrency is that if you don’t want it, don’t buy it - don’t read about it - don’t do anything. It is a purely voluntary system. If you want to avoid US Dollars, it’s essentially impossible for most people. There i
880.
by seibelj 5y ago
I've worked with people who were TDD maximalists, Agile / Scrum maximalists, microservice maximalists, Gang of Four maximalists, and even a MongoDB maximalist. What has become clear to me is that the silver bullet doesn't exi
881.
by seibelj 5y ago
Markets are emergent phenomena that exist where ever there are free people. They are so natural that even in Soviet Russia markets were endemic, as well as current North Korea. If there exist products people want to buy, and prices are not
882.
by seibelj 5y ago
Yes - I used the term "freedom-oriented" but they are small-L libertarian organizations. Libertarians are freedom-oriented and advocate for private / market-oriented solutions to problems rather than government solutions
883.
by seibelj 5y ago
Reason is such a good institution, their reporting has a freedom-oriented mindset but their journalism is top notch. FYI it’s a non-profit and donations are tax deductible. If you are interested in other freedom-oriented non-profits I highl
884.
US Senators have talk about decentralized crypto consensus, holding up key bill(twitter.com)
1 points by seibelj 5y ago|0 comments
885.
by seibelj 5y ago
The typical central bank scam in developing countries is to make them ostensibly independent, but in reality they print new money and hand it to politically favored industries and entities. It allows the ruling class to loot their citizens
886.
by seibelj 5y ago
Also, a successful business tends to immediately create jobs (at least part time, if not full employees) to help it grow. People who denigrate business and the art of making profit - which truly is the art of fulfilling the wants of others
887.
by seibelj 5y ago
Rather than a religious issue, perhaps the problem was that the Lebanese diaspora was incentivized with high interest rates to deposit their foreign currency in local banks, which was systemically looted by corrupt officials which eventuall
888.
by seibelj 5y ago
If the idea is that every mom and pop was ran by self-directed, profit-motivated independent business persons who captured more of the profit, this is not often the case - the employees of these stores made the same going labor rate of any
889.
by seibelj 5y ago
For anyone reading this thread who still has an open mind, I recommend this 2009 episode of the EconTalk podcast that talks about actually working at Walmart and how supposedly-great the "mom and pops" were before Walmart took ove
890.
by seibelj 5y ago
The gut-reaction is that this is some horrible thing rather than a scalable business model that provides low-cost goods to customers in rural areas that were previously underserved. My family in rural Oklahoma and Texas have to drive over a
891.
by seibelj 5y ago
You can get lucky on this scale once, but to do it twice is truly something special that leans very far away from luck and towards genius. From what I’ve read from his own writings he has faults, but he certainly moved the world forwards mo
892.
Behind the Rise of U.S. Solar Power, a Mountain of Chinese Coal(wsj.com)
7 points by seibelj 5y ago|0 comments
893.
by seibelj 5y ago
If you let the uses of electricity become politicized, don’t be surprised when your electricity consumption gets banned. Bitcoin mining is no more useless than video gaming.
894.
by seibelj 5y ago
Parents don’t bring let their child decide to be born, but they do care for them unconditionally. I believe it is the duty of the child to care for their parent if the parent did not do something irredeemable to them. But this is an ethical
895.
by seibelj 5y ago
This argument ultimately goes down to a belief that all children should be owned and raised by the state - parents should not have any involvement, as that gives their children an unfair advantage. Let's pretend money had nothing to do
896.
by seibelj 5y ago
It's not that they care for you 24/7 - it's that they are keeping an eye on you, auditing that your care is truly what was agreed and paid for, the quality, etc. And if an issue arises, that it is dealt with. This is not a si
897.
by seibelj 5y ago
Family is of utmost importance. A faceless entity, whether government run or private, doesn’t ultimately care about you as a person. An elderly person in nursing home care is a check, and a statistic, and something that a low-paid, low-skil
898.
by seibelj 5y ago
You are right but IMO the difference is that the government is enabling people to “retire” without ever working a day in their life. If you have enough money for food, shelter, and free healthcare from cradle to grave with zero requirement
899.
by seibelj 5y ago
FIRE is financial independence. It implies you worked hard, scrimped, and lived frugally to earn an early retirement. Getting free everything is not FIRE. It’s reliance on the welfare to eliminate any requirement of productivity. I’m not ev
900.
by seibelj 5y ago
We have had a sort of UBI with the pandemic and a sizable portion of people have chosen not to work. I think if you have healthcare, your rent paid for, and free food then there could be 15 to 30% of the population that will just watch Netf

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