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I resigned from Twitter

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Re: I resigned from Twitter

#171

Post by throwaway946513 »

Frondo wrote: post #117
golergka wrote: post #76

Earlier quoted context omitted.

Bitcoin benefits drug users and dealers every single day, and have been doing it for almost 10 years. May be in US it's different, but there's just no street drug trade anymore around here. If you want to buy weed, you have to buy bitcoin, in some shape or form.

Not saying I ever buy illegal drugs, but my venmo history is full of people buying $80 of pizza or $150 of sushi -- this seems to be seller's preference, as far as I can tell. No one in my rather wide extended circle has ever tried to or even suggested using crypto for these kinds of transactions.

Sushi bars be expensive.

Re: I resigned from Twitter

#172

Post by golergka »

easrng wrote: post #92
golergka wrote: post #76

Earlier quoted context omitted.

Bitcoin benefits drug users and dealers every single day, and have been doing it for almost 10 years. May be in US it's different, but there's just no street drug trade anymore around here. If you want to buy weed, you have to buy bitcoin, in some shape or form.

That's a terrible idea. Bitcoin is completely public, you should use a privacy coin like Monero or ZCash.

That may be true, but that's already a widely established industry that doesn't accept any other coin. I'm not offering any value judgements, just a statement of fact.

Re: I resigned from Twitter

#173

Post by floatboth »

nscalf wrote: post #75
Cthulhu_ wrote: post #52

Earlier quoted context omitted.

> it never felt like it was being done for the benefit of the users of each platform. Cynically, I'm yet to see any crypto that benefits anyone but the people that invented it (they benefit the most) and the savvy traders trying to make a buck (and sometimes succeeding at the expense of others).

This is a pretty uninformed take. There are all sorts of projects made in crypto: collectibles, music, art, gaming, loans, mortgages, debit cards with rewards, social media, wifi networks, anti-fraud, food security, etc. And many projects have a large donation component to them.

One day it's a project start-up with A Whitepaper™, the next day it's just the word "penis": https://www.reddit.com/r/Buttcoin/comments/7tn6ld/a_shitcoin...

"Anti-fraud" is especially funny considering how fraudulent the whole cryptocurrency space is.

But anyway, to quote Nicholas Weaver (https://youtu.be/xCHab0dNnj4?t=1667), "[the people proposing those projects] are never actually even able to even articulate what the hard problems are, like what data, what formats, what honesty, who's adding the data, what enforcement — shoving garbage into an append-only ledger doesn't solve your problems!"

Re: I resigned from Twitter

#174

Post by [deleted] »

vmception wrote: post #158
elliekelly wrote: post #143

Earlier quoted context omitted.

I think parent comment is making a joke in reference to HBO’s Succession: https://m.youtube.com/watch?v=5xBrFbNHhYk The line is a bullshit TV talking point to rationalize (to the markets) an abrupt 180 by one of the characters.

Is it bullshit? The plan the buyers like has a chance of making just a few more dollars for their limited partners than Jack Dorsey's plan and thats why they bought more shares. Simple.

[deleted]

Re: I resigned from Twitter

#175

Post by GDC7 »

xiphias2 wrote: post #54
samwillis wrote: post #38

Earlier quoted context omitted.

Only one of Elon's companies is public and there are regular calls for him to be removed, but its stock price has been on a trajectory that makes that impossible without him "canceling himself". Elon is just very good at hiring exceptionally good people to run stuff for him with a small amount of oversight and steering. Jack is CEO of two public companies and one is arguably underperforming, that's an untenable situa…

Twitter is 3x in 5 years, while S&P 500 is 2x in 5 years...It's not awesome, but I wouldn't call it underperforming...it's the same growth as Facebook. Elon was kept only because he didn't give away founder control. At the end outside MBAs always try to take over and destroy the companies.

> At the end outside MBAs always try to take over and destroy the companies.

Hyperbole. De-risk companies is the right word, MBAs unlike wide eyed founders understand that odds are against companies and survival is the priority.

They understand that a company like Yahoo! which in 20 years produced lots of value for shareholders, customers, users and employed so many people...that's a happy story.

People on HN see Yahoo! and think "failure", that's the same as saying Derrick Rose is a failure for not being Lebron, well if that's the case where's your 100M net worth for playing basketball?

Re: I resigned from Twitter

#176

Post by wly_cdgr »

tristor wrote: post #144
wly_cdgr wrote: post #131

Earlier quoted context omitted.

...and hurried back to Hacker News to engage in serious, hyperbole-free discussions with fellow bigbrains? :rolls eyes:

Not necessarily, but the character limit necessarily limits the amount of seriousness and quality within content on Twitter. It's very format necessitates that Twitter is full of vapid and inane content, and driven by pithy outrage inducement.

Or you could say that the limit forces you to be concise, precise, and vivid. Many of the world's most admired poems would fit in one Tweet.

Re: I resigned from Twitter

#178

Post by antoniuschan99 »

echelon wrote: post #155

Any speculation as to the reason and timing for this? Twitter was Jack's baby, and he loved it so much that he gave 50% of his Square time to leading Twitter. Jack has so much more to gain from Square from both an equity and Bitcoin maximalist perspective, it's curious why Jack would try to lead two very demanding companies simultaneously. (Not that it can't be done. Elon, Jack, et al. have done it for years.) My tho…

From the tweet do you think Parag and/or Bret pushed him out?

Re: I resigned from Twitter

#179

Post by mbg721 »

johncena33 wrote: post #124
koheripbal wrote: post #43

Earlier quoted context omitted.

Twitter is extremely toxic and divisive, and Dorsey is... the same. People are hoping his removal will allow the platform to mature.

Twitter is THE social media I am not able to use without letting it affect my mental health. Anytime I logged into Twitter, I came out more angry, bitter and outraged. It's like the whole platform is built around hot takes, dunking, bullying, and outrage. It always baffles me how mainstream media never utters a word how toxic Twitter is.

The mainstream media are trying to recapture the attention-monopoly they had in the 60s-70s, and are largely succeeding. They don't want to compete with Twitter; they want to buy it.
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