three_seagrass

9 ms·

31.
by three_seagrass 4y ago
VCs only need to roll a crit hit on a 1d20 to stay afloat. They're not going to lose their shirts, not as long as insanely wealthy people like to gamble.
32.
by three_seagrass 4y ago
>But you now also have a liability of $200,000. Your total asset is still $200,000 , not $400,000. Assets are not liabilities, so you'll need to explain why you think it is a liability. Fashion brands and their physical goods are de
33.
by three_seagrass 4y ago
Also Zuck lost $100,000,000,000 in wealth when Facebook tanked. Counting beans in hand is not how wealth is calculated.
34.
by three_seagrass 4y ago
This is precisely how I explained NFTs to my "How can NFTs possibly be bad?" friend. - You start the day with $200,000. You create an NFT and sell it to yourself for $200,000. - Now you have $200,000 and a $200,000 NFT, meaning y
35.
by three_seagrass 4y ago
Yep, in those cases, bitcoin is having to rely on traditional payment systems to even marginally compete with traditional payment systems.
36.
by three_seagrass 4y ago
I wouldn't be so sure about that yet. FTX was directly involved in the joint bi-partisan committee to regulate crypto. Heads will need to roll for this so that others can save face.
37.
by three_seagrass 4y ago
That's at least one strong reason - VCs look at the person as much as the business. Crypto was filled with sleazy car-salesman "investor" types at the time Alameda Research was looking for funding. So when in came someone wi
38.
by three_seagrass 4y ago
It's investing in the confidence of the future of a network that can only handle 7 transactions a second, at the expense of a small country's use of electricity.
39.
by three_seagrass 4y ago
Just because you don't have a bearer bond doesn't mean you haven't invested in bonds. Modern finance isn't about holding an invested asset in your hands. This splitting hairs over "true" ownership ignores the
40.
by three_seagrass 4y ago
Choosing (poorly) to invest with the wrong tools is still investing.
41.
by three_seagrass 4y ago
This reads like a no-true-scotsman. If you exchange USD for bitcoin assets with the intent to sell later at a higher price, you're semantically a bitcoin investor.
42.
by three_seagrass 4y ago
>> Most bitcoin investors never move their coins off the exchange >I'm curious: What is your source for this statistic? They have no reason to. Unless the investor is specifically working on some HFT arbitrage scheme between e
43.
by three_seagrass 4y ago
20 minutes minimum for bitcoin transactions, which is a long time to hold up the line at the grocery store. Occasionally this has been weeks or never. For comparison, credit cards can verify in less than a second.
44.
by three_seagrass 4y ago
Yeah, I almost mentioned Silk Road, but BTC has since been used to back trace and arrest online drug dealers so I feel like it was never really that good at it to begin with.
45.
by three_seagrass 4y ago
Same, but it's like 20+ entities. Anyone working in the CPG space would be 50+.
46.
by three_seagrass 4y ago
Yep, power vacuums always have a way of being filled. The question is, do you want it to be controlled by rational actors seeking to exploit everyone else, or an organization that has potential for other (maybe even altruistic) motives?
47.
by three_seagrass 4y ago
Perhaps you can share some of the many advantages?
48.
by three_seagrass 4y ago
Bitcoin was always this fun nerdy hobby money, right up until the speculators came in and exploited it. Now it's "investing" in the confidence of the future of a computing network that can only handle 7 transactions a second,
49.
by three_seagrass 4y ago
IIRC the sentient species in our galaxy were all seeded by the same ancient alien race, hence the structural similarities.
50.
by three_seagrass 4y ago
Children of Time: Cute spider pop-up book Children of Ruin: Parasitic space horror
51.
by three_seagrass 4y ago
>It seems clear to me that Musk believes Twitter is dysfunctional and inefficient. His top priority is to make it efficient. Is it though? Musk also thought twitter had a bot problem, right up until it became apparent that saying so woul
52.
by three_seagrass 4y ago
Doesn't even need to be governments. A man was tortured in his home with a drill in front of his 4 year old while being robbed of his bitcoin: https://www.ccn.com/dutch-bitcoin-trader-suffers-brutal-tort...
53.
by three_seagrass 4y ago
If you're getting technical, it's not a pyramid scheme, but a greater fool scam https://en.wikipedia.org/wiki/Greater_fool_theory
54.
by three_seagrass 4y ago
Why even make shotgun arguments? 2.a. Gold is an asset and doesn't need to pay dividends as it has intrinsic market value. 2.b. Loans and interest are contractual agreements, i.e. financial instruments unto themselves that generate val
55.
by three_seagrass 4y ago
That's no really relevant to Google or Kagi. YT Premium is a reaction to the infeasibility of subsidizing the extreme cost of hosting video streaming with ads alone. The scale of ads needed to cover hours of streaming video vs. ads to
56.
by three_seagrass 4y ago
IIRC it wasn't a generic A/B test but an experiment intentionally designed to manipulate the emotion of users and measure their reactions. In research, these types of experiments typically require consent..
57.
by three_seagrass 4y ago
Yeah, I shorted during the pandemic but missed the drop several times. Everyone knew to short, it's the when that nobody could fathom.
58.
by three_seagrass 4y ago
TVCs are temps, vendors, and contractors - they aren't typically considered hires. It's covering things like mat/pat leave backfill to kitchen staff.
59.
by three_seagrass 4y ago
This is a pretty slick use of AirTable, ngl.
60.
by three_seagrass 4y ago
>literally centralized companies as "not-decentralized" So defi is only 100% decentralized everything , even if the financial tools are decentralized? That feels like an appeal to purity if ever there were one.

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