viklove

21 ms·

181.
by viklove 6y ago
Yes I'm serious, I'm 26 if it makes a difference. More than $50 million worth of GameStop stock was shorted today. When there are people out there taking such risky positions, proving them wrong and taking their money -- and even
182.
by viklove 6y ago
Where can I buy stocks for gold? Honestly though, a crypto-based brokerage probably isn't too far off. Might even be a billion dollar idea.
183.
by viklove 6y ago
They're not "choosing" it, it's literally their only option. If I want to trade my ETH to GME shares, I have to convert it to USD in between. What this will do is erode faith in the USD. If demand for cryptos, for exampl
184.
by viklove 6y ago
I had a limit sell order sitting at 210 from the insanity a few weeks ago, honestly glad it didn't get hit. The amusement I'm getting from having my stake is honestly worth what I paid by itself.
185.
by viklove 6y ago
Markets aren't sticking with fiat currencies, they're buying up stocks like there's no tomorrow. Asset inflation is a very real thing.
186.
by viklove 6y ago
Well a lot of people seem to think the definition of racism has changed to mean "power + prejudice," instead of just judging someone based on their race, so theoretically "neoracism" would just mean what "racism&quo
187.
by viklove 6y ago
That statistic is only meaningful if you also provide the same statistic for other demographic groups.
188.
by viklove 6y ago
That's awesome, but it's too bad they financed the construction of all that green energy through the sale of oil, which is obviously being burned.
189.
by viklove 6y ago
I agree with you 100%, it's not about the quality of education. It's just about meeting and hanging out with the children of the rich and powerful. That's the most useful advantage you can give someone.
190.
by viklove 6y ago
You've obviously never lived in a penthouse or a private residence on a 20 acre property. Noise pollution is not an issue in those situations.
191.
by viklove 6y ago
> There is no chance that changing the composition of the Ivy League student body will effect anything remotely resembling a broad-based change in American educational inequality, opportunity, or aggregate outcomes. Zero. None. I think t
192.
by viklove 6y ago
That's interesting, because the marxist, separatist, feminist utopias of the 1960s, which valued the collective above all else, followed this form of speaking. A stick would be passed around the group, and the person holding the stick
193.
by viklove 6y ago
Dell ships linux machines
194.
by viklove 6y ago
Not really, he's just saying that if you don't reward working on open source, eventually people will stop building stuff that's open source. The most generous individuals are usually taken advantage of by the greedy, so it&#x
195.
by viklove 6y ago
Ah yes, because any criticism on the current wealth distribution must be born out of jealousy. There are no other possibilities.
196.
by viklove 6y ago
HN loves bashing crypto because as tech nerds, we all knew about Bitcoin/Ether at their inception, but missed the boat. Now we all watch as our weird crypto friends get rich, and we have to bash Bitcoin, predicting its inevitable decli
197.
by viklove 6y ago
"So how do we do it?" "Just do it." It's easy to say that, but it's obviously not working in the real world. You have to create incentive structures that reward the desired behavior.
198.
by viklove 6y ago
> Increasing the money supply doesn't inherently cause "the rich to become richer" No, but Quantitative Easing inherently causes the rich to become richer > A priori, you would expect increasing the money supply to caus
199.
by viklove 6y ago
> I don't like per capita metrics because it makes Texas look bad Ok.
200.
by viklove 6y ago
Apple's entire business model is planned obsolescence
201.
by viklove 6y ago
You should start a quant firm employing only lower class women, and use their insight to decide which companies to invest in. If your hypothesis is correct, you'll be filthy rich in no time at all.
202.
by viklove 6y ago
Similar but less drastic -- I traded League of Legends, Counter-Strike, and Valorant for games like Minecraft, Rust, and Valheim. I can play at my own pace, and even doing "nothing" in those games is calming and fun. I'm defi
203.
by viklove 6y ago
Coming from Chicago, SF felt a lot less safe to me. Would not even consider living there even though I've lived in a big city for 5+ years. Chicago has a homeless population, but it's nowhere near as large or as emboldened as SF&#
204.
by viklove 6y ago
Someone else said it, but he didn't "come forward." He's been posting about his GME position on WSB and his YouTube channel since 2019. You can literally go and watch the videos yourself. This is just an investor who enj
205.
by viklove 6y ago
> He's saying that most people optimize for promotion rather than building a better product. If you want them to optimize for building a better product, give them more equity. Most people don't want to work during the best 40 y
206.
by viklove 6y ago
Your misunderstanding of bitcoin seems to boil down to your lack of understanding of what "decentralized trust" is and why it's useful. Maybe start there, but you probably won't because you sound extremely angry.
207.
by viklove 6y ago
The USD also had some difficult beginnings, and through luck and force of will has been established as the de-facto world currency. Saying that no-one will ever challenge the king is foolish, short-sighted, and naive.
208.
by viklove 6y ago
Let me guess -- he didn't have 2fa enabled?
209.
by viklove 6y ago
That's why it "doesn't give as much calories." It actually gives the same amount of calories, we just expend more calories digesting raw meat. Cooking the meat is also referred to as "freeing up" calories.
210.
by viklove 6y ago
For the record, I'm not trying to defend BTC's energy footprint. It's a black-eye on the tech and a problem that needs to be solved. Proof-of-stake over proof-of-work is an interesting solution, and part of the reason I hold

More ›