141–150 of 167 posts
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Oh wow you should be a copywriter for Coinbase
Unfortunately it's been like this since the beginning of crypto, everyone who buys in becomes a tireless advocate for their "investment".
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1) Are you sure? Inflationary monetary policy is literally "people who try to hold cash will lose all their savings over 50 years". You must know someone who tried that; it's an easy mistake to make and most people are really bad at understanding investment. 2) The Bitcoin price is currently comparable to its all-time highs. So someone who lost all their money on crypto was doing something more exotic than just buyin…
Most savings accounts pay 5%+ now, I agree that holding your cash under your mattress is not the play, but that's very different than gambling on risky options or even riskier cryptocurrencies. Your second point makes zero sense - BTC is 40% lower than it's all-time-high, I just looked it up. Other cryptos are much worse.
Regardless, being down 40% is not losing all the money. It isn't even losing half the money.
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One Black employee, cited in the report, said that “her manager suggested in front of colleagues that she was dealing drugs and carrying a gun.” Another Black employee said that a co-worker “broadly described Black employees as less capable” during a recruiting meeting. The company told employees that the story painted "an inaccurate picture.” Is it really a concern troll political hit-piece, though? These seem like…
Is the piece about how it's financially predatory, or is it about how they're racist? Sticking that in randomly makes it seem like they're just trying to smear the organization however they can.
Coinbase is a HN unicorn, created in the US, where the names of all the executives are known. While SBF was running a ponzi.
It's dishonest writing.
Of all the antagonisms for young adults, I would say an easy method to buy cryptocurrency and hedge against inflation is not one of them. The much more significant antagonist for financially vulnerable young adults is the Federal Reserve and its inflationary monetary policy that has priced many out of ever owning a home. Furthermore, the elite's industrial policy of offshoring manufacturing to China, deindustrializin…
It appears that HN comments promoting/defending crypto employ the same tactic.
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How so? It's pretty easy to see how economic value can be created via stocks and bonds: they're basically indirect ways to give companies or governments money for investment. That money can then be used to hire more/better people, buy equipment, or build infrastructure, which will hopefully produce more value than it cost. What's the equivalent in cryptocurrency speculation or "yield farming"? Can you explain where t…
Providing a consistent-over-time and tamper-proof record of transfers. It is pretty obvious how that provides value; if you have a system that provides that and one that doesn't, we'd expect the first to be more valuable. We're also seeing the first asset in history which can't be reliably confiscated without the cooperation of its owner which is also worth a lot. Involuntary rules change mid-game by local authoritie…
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Not sure, it is just a correlation not an iron rule and definitely not the only influence. The shrinking here of m2 is much much smaller than the previous increase was as well.
> it is just a correlation Correlation of what, to what, and what's the R-value? Across what time frame? https://en.wikipedia.org/wiki/Correlation These words normally have _meaning_ ya know. They're not just things you toss out in a meaningless online discussion.
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Personally, the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system. For other people I’ve seen a wide variety of things they consider valuable that I don’t care for. Trading, community, loans, art, gaming for examples.
> Personally, the ability to always have access to my money, accept contracts internationally, and to be protected from a fickle financial system. Doesn't cash also fulfil these? I'd have thought bitcoin is more fickle than cash. > For other people I’ve seen a wide variety of things they consider valuable that I don’t care for. Trading, community, loans, art, gaming for examples. Sorry - is this crypto related? Or ju…
Carrying more than $10k in cash is dangerous, and likely to be seized during international travel.
That’s a list of things people use crypto for. Obviously, if they preferred the non crypto version of those services, they would use them instead.
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What executive orders has Trump signed that are racist or authoritarian? Please list the EO numbers and explain your rational of how you arrived there using the text in the EO, rather than some highfalutin opinion written by an activist. I keep hearing this, but nobody can seemingly answer such a simple question. I can only conclude they are blatant liars and propagandists.
Well he did say he'll be a dictator for his first day in office. Can't think of the last time a non-authoritarian struggled to say "No" to "Will you be a dictator?"
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Hardness is literally a monetary quality, its a moneys resistance to inflation. If the Zimbabwean dollar were to gain value it would be immediately printed into oblivion, exploited for all its worth. The same does go for basically every cryptocurrency, bitcoin is the only one whos total supply is fixed, reliably. Your ignorance of these monetary qualities and what role they play does not make it a vapid arguement.
Why is BTC so correlated to DOGE? Why is there such a correlation between all cryptocoins and BTC? Methinks your definition of "hardness" isn't as important as you think it is.
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Well he did say he'll be a dictator for his first day in office. Can't think of the last time a non-authoritarian struggled to say "No" to "Will you be a dictator?"
He had a whole term to be a dictator. Why didn't he go full dictator last term? Or are you just saying in a hyperbolic way that that he'll do the same stuff he did last term?
And I don't think the surprise win of 2016 with no GOP machinery backing him out of the gate is going to be a good analog to the preparations that are ongoing right now. He will have far, far more capable people around him, a sense of revenge, and nothing to lose.
The correct answer to "Will you be a dictator?" when asked to a US presidential candidate, is "No." The fact that ridiculous question even had to be asked, and came from someone throwing him a softball (Hannity), and he still couldn't answer it correctly are all serious alarm bells.