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Living outside America

ryancarson.com

181–190 of 216 posts

Re: Living outside America

#181
post #119
post #25

Earlier quoted context omitted.

For various definitions of "world-changing" (i.e. one disruptive enough), the US is the worst possible place to do it. A fair example being how fucked all the bitcoin startups are going to be once the market is big enough for FinCEN to care about... or e-gold if you want a historical one. The US is fine and dandy... if you don't mind not having privacy, and keep your "world-changing" ideas within the lines of what th…

I'm curious: what country do you think would be better than the US for starting a bitcoin startup?

I wouldn't bother with a bitcoin startup, but for a real ecash startup, US for technology development, and then Hong Kong or maybe Singapore for server ops, deployment, and financial backing of currency issues.

The key IMO to all of this is separating out software development from server operations from financially backing a currency from applications of the system from auditors from users. Banks suck at software development; developers suck at finance. By separating the concerns, you can do regulatory arbitrage as well as focus on your strengths. (this isn't my idea; I think Ian Grigg of Systemics came up with it in the early 1990s, if not earlier). Fully separate arms-length entities, different people, not the e-gold "offshore, really" approach. You could create a fully anonymous bearer blinded token infrastructure as software, and then have servers for it, where some of the currencies were entirely non-financial and thus non-regulated (distributed locking mechanism for distributed software systems, resource allocation, anti-spam credibility systems, game currencies), and others which were financial currencies issued by real, established financial institutions with KYC (a dollar currency, shares, futures, ...). Same software, so the developers have no legal risks themselves.

Luxembourg also works, if you have $3-5mm or so to meet the requirements to issue (at least, that's what it would have cost in the late 1990s when I last looked; you need some connections, but they come with having money and hiring people from the industry). Switzerland and possibly Liechtenstein may work. I'd skip dodgy ee or south pacific places (e.g. Vanuatu, Narau) since correspondent banking relationships would be trivial to sever.

If you were totally focused on gambling ("gaming"), some crown colonies (IoM, Gibraltar) might work, or Panama.

You could do it in the USA if you met KYC and also treated it as a commodities trading system, regulated under CFTC. You can become a CFTC exchange (like Chicago) for $5-10mm. I'd probably actually do the operations for that in Chicago just to be totally known to all the local regulators, although NYC or SF would also be possible.

The thing I absolutely wouldn't do is try to run a payment system which is at all anonymous in the US, and if I did a payment system in the US, it would meet all KYC and MTB requirements. That puts your capitalization required at a few million dollars more than otherwise, but it's not a big deal.

Re: Living outside America

#182
post #22

I've been able to do the first 3 without leaving (perhaps because I wasn't born here), and number 4 doesn't seem so certain. What I noticed about living outside America when I did it later as an adult was that it made it clearer what was distinctive about the US. Many of the distinctive things I noticed could be summed up by describing America as a young culture. Americans have the optimism and energy of youth, but t…

> number 4 [US not #1 soon] doesn't seem so certain.

Well, sure, nothing is certain, except that economists are often wrong. I listened recently to some 1998 academic conferences about economy and all the guys did boldly envision a slow steady growth for the next 25 years... Moreover, none of them did say a word about the East-West rebalancing, that is under everyone's pen these days. So let's not listen to them, sure.

But, still, I have the weird feeling that some people like pg and Fred Wilson have a kind of blind spot on China. It is sad because they could have more interesting things to say than economists.

Gosh, these two years money is raining over Beijing start-ups, VCs are praising founders to accept their money, every new things created in the US instantly generates tens of (shanzhai) Chinese copies. One can dismiss Chinese hot start-up temperature as artificial, ungrounded, or not fertile, or whatever, but I wouldn't understand how one could plainly ignore it.

Re: Living outside America

#183
post #3

Living and traveling outside the US (Europe, Middle East, Asia) for ~15 years convinced me of the inherent superiority of the US (culturally, economically, etc.). Our government is broken, but generally the US lets problems get really inefficiently bad, then overcorrects, so I hope that will happen in the next 20 years. The threats to the US are not other countries getting better than us, but the decline of the natio…

> Living and traveling outside the US (Europe, Middle East, Asia) for ~15 years convinced me of the inherent superiority of the US (culturally, economically, etc.). You say this without any qualifications, when what you seem to mean is "superior for starting a tech business". That's a pretty major qualification to leave out. It's obvious that most of the computer revolution was driven by the US. The dotcom boom was e…

I think most anti-US sentiment exists (at least, outside the US...) due to actual US actions, mainly actions due to the cold war.

If you go to Africa, >90% of the people love the US, and would consider the US by far the best country in the world. We were never a colonial power there (well, basically), and have done huge amounts of good for them. The exceptions are a few people in Angola (who may feel we betrayed them), Libya (most of whom are now dead), Somalia (well, whatever, I'll accept that), and Egypt (where pan-Arab anti-US sentiments over Israel, also largely due to the cold war, predominate over Africa).

Countries like France, Australia, etc. might dislike the US due to arrogance, but that's more like relatives fighting -- the US and France have a lot in common, and are ultimately allies, and aligned on most issues. It's not open opposition.

The big areas which have substantial anti-US sentiment are Islamic or Arab countries (largely due effects of US+Israel and US v USSR, and US actions to secure oil), and Central/South America (where we were colonialists, and where the drug war is causing huge problems). Venezuela is the only new anti-US place there (Cuba is a legacy of communism), and that's mostly due to us being allied with the previous regime and with Chavez's populism -- basically the same as US+Shah leading to US v Iran now).

Re: Living outside America

#184

Earlier quoted context omitted.

Why? Religious people commit less crime, get and stay married more, use less illegal drugs, donate and volunteer more... It would make more sense to fear people becoming less religious. Source?

http://www.overcomingbias.com/2012/05/what-use-far-truth.htm... For crime see my comment below (or above, remains to be seen).

I'm from Europe and even I think this was so badly argued that I doubt your intellectual honesty here.

Afaik about american statistics, the poorer, lower class groups, are more religious -- e.g. "white trash", latinos and black ghetto cultures. So there is no overrepresentation of those, e.g. blacks, in jail...?

Re: Living outside America

#185

Earlier quoted context omitted.

I've been an out American for 7 years now, first two in Switzerland, the last 5 in China. I still think America has a lot going for it. Switzerland is efficient and fair, but something is missing because of restrained competition and protectionism. China is the exact opposite, and its hard to believe the system works at all. For whatever troubles America has, our system still works and is rather effective; no one is…

"There are no more superpowers, not when IEDs are easy enough to procure by anyone." I think this is a myth, and potentially a very dangerous one. Asymmetric warfare only works when the side with greater symmetric power holds back due to other (political) concerns. If the US used full power in a total-war unrestrained sense, IEDs would be wholly irrelevant to the outcome. That's true even in a war using"just" unrestr…

See e.g. the second Chechnya war for a non-US example without much media coverage. The Russian army seems to have used artillery against cities, Syria/Hezbollah style.

Re: Living outside America

#186
post #121
post #99

Earlier quoted context omitted.

Can you elaborate on what aspects of European culture you think are dead?

Europeans (and Chinese, etc.) have a lot more historical culture. Entire large and well-documented civilizations which have passed. US culture is basically independent of pre-Colombian American culture, and most pre-Colombian cultures are badly documented and understood compared to the Greeks, Romans, various Chinese dynasties, etc. You might also consider various fine arts to be "dead", in that their peak point has…

So pretty much the most Christian developed country in the world is free of what you term 'Pre-Columbian' culture?

Christianity is a fusion of Greek, Roman and Jewish thought.

The founding fathers of the US were profoundly Christian. Their politics of the day was largely what made sense to ex-British subjects. The revolution of 1688 affects the US vastly.

US political systems were created built on thousands of years of European History. Prior to 1492 US history is European History.

The US has altered and changed the ideals and beliefs that the people who founded it started with but it was not a Blank Slate.

Just because Jerusalem and Rome are not in Ohio it doesn't mean they affect the US any less than they do Sweden.

Re: Living outside America

#187
post #9

This is a great article, and as a European I can relate to all of his points. Here are some comments from the other side of the pond; they're of course my personal opinion but I think they're somewhat representative of the European view. I don’t view the USA as the center of the world - i see America as an overreaching empire that has had it's heyday. If you take a historical perspective this is how many empires fall…

> i see America as an overreaching empire that has had it's heyday And yet most of us are right now using computers designed in America, with an operating system written in America, posting on an American website. How is the USA not the centre of the world? From jeans to Katy Perry, from Google to McDonald's -- Americans totally dominated both the culture and the business. If I turn on the tv right now, I will have t…

the fact that many Americans are so religious is just utterly strange, and somewhat frightening Why?

Speaking as somebody from the UK I can guess one reason. In this country, and the other European countries I've visited, religious views are generally part of people's private, rather than public, lives. I no idea of the religious views of most of my friends. It's not part of the public persona of whether somebody is "good" or not. Their actions define that.

So in this context the only people who are public and outspoken in their religious views tend to be the extreme ends of the religious spectrum. Either in viewpoint (the gays are evil nutjobs) or because their religion encourages them to get out there and convert folk.

These tend to be folk that you don't want to hang out with - whether you are religious or not.

It one of those odd internal dials that I have to turn in my mental model when I visit the US - that people within the "normal" range of religious views will come up to you and talk religion.

Religious people commit less crime, get and stay married more, use less illegal drugs, donate and volunteer more

References? By that logic more secular countries and areas would have higher crime/drug rates and lower volunteer rates... and the opposite seems to be true if anything. In the US anyway the percentage of atheists in prison is way lower than the percentage in the general population.. but maybe that meets atheists tend to be smarter criminals :-)

Re: Living outside America

#188
post #9

This is a great article, and as a European I can relate to all of his points. Here are some comments from the other side of the pond; they're of course my personal opinion but I think they're somewhat representative of the European view. I don’t view the USA as the center of the world - i see America as an overreaching empire that has had it's heyday. If you take a historical perspective this is how many empires fall…

If the USA was ever an overreaching empire, it was very reluctantly. OK, we picked some fights and managed to take a fair chunk of our own continent, but we were also isolationist to a fault until the mid-20th century. It was the Europeans who managed to rope us into both of their "world wars"--and in 1945, when you're looking at the whole of Europe spent and in ruins, and Joseph Stalin as the last dictator standing-…

Hey, there's a monument right on Montgomery & Market in San Francisco celebrating California's achieving statehood in 1850. It reads: "The Unity of Our Empire Hangs on the Decision of This Day".

And here's a graphic from 1898 which proudly shows the US eagle dominating an entire side of the globe, from the Philippines to Puerto Rico.

http://en.wikipedia.org/wiki/File:10kMiles.JPG

I know you mentioned the Phillipines and Puerto Rico already, but what's striking is that you somehow think it doesn't count as a real empire. But there's no inherent reason why the USA should have such a large sphere of influence, other than it can. There's not even any inherent reason why it had to dominate all the land west of the original colonies, wresting it not only from native Americans but other colonial powers.

For most of its history the USA was proud to say it was building an empire and dominating other nations (for their own good, of course!). I'm not sure when this propaganda effort started that there is no American empire -- perhaps the US wanted to assert it was more pro-local-sovereignty than other competing empires, like the USSR.

Re: Living outside America

#189
post #186
post #121

Earlier quoted context omitted.

Europeans (and Chinese, etc.) have a lot more historical culture. Entire large and well-documented civilizations which have passed. US culture is basically independent of pre-Colombian American culture, and most pre-Colombian cultures are badly documented and understood compared to the Greeks, Romans, various Chinese dynasties, etc. You might also consider various fine arts to be "dead", in that their peak point has…

So pretty much the most Christian developed country in the world is free of what you term 'Pre-Columbian' culture? Christianity is a fusion of Greek, Roman and Jewish thought. The founding fathers of the US were profoundly Christian. Their politics of the day was largely what made sense to ex-British subjects. The revolution of 1688 affects the US vastly. US political systems were created built on thousands of years…

Pre-Columbian culture means the cultures of the peoples indigenous to the Americas prior to European colonization.

Think of cultures like the Sioux, Iriquois, Navajo, Mayans, Incas, Aztec, etc etc.

Re: Living outside America

#190
post #186
post #121

Earlier quoted context omitted.

Europeans (and Chinese, etc.) have a lot more historical culture. Entire large and well-documented civilizations which have passed. US culture is basically independent of pre-Colombian American culture, and most pre-Colombian cultures are badly documented and understood compared to the Greeks, Romans, various Chinese dynasties, etc. You might also consider various fine arts to be "dead", in that their peak point has…

So pretty much the most Christian developed country in the world is free of what you term 'Pre-Columbian' culture? Christianity is a fusion of Greek, Roman and Jewish thought. The founding fathers of the US were profoundly Christian. Their politics of the day was largely what made sense to ex-British subjects. The revolution of 1688 affects the US vastly. US political systems were created built on thousands of years…

I meant that the Aztecs, Maya, Inca, and other Native Americans are largely irrelevant to how US culture developed (which is I think your point), not that US culture is independent of everything which happened before Europeans came to the US.

"Pre-Columbian American culture" being that of the various Native Americans, not of the world in general pre-Columbus.

(I wish I could s/Colombian/Columbian; so easy to get those confused in various contexts)

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