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Comment Re:Good for them (Score 1) 77

Sure, the point isn't to harm the random Russian citizens. It's to have a dozen oligarchs staring down the barrel of 10 billion USD losses and thinking maybe it's time for his inner circle to turn on him. Since there is no more precise way known to do that (for instance, a way to prevent smurfing to get rubles in crypto) than shutting down the whole country, you need to shut down the whole country.

Comment Re:On the one hand... (Score 1) 53

"Activist investors" mean investors who buy a stock thinking that with enough shares and influence over the board, they can guide the company along a more profitable route. That is, their expected advantage is that their input.

It's different from investing in something because you believe in the company.

Comment Re:ya 'plays' yer money, ya takes yer chances (Score 1) 163

where does that come from?

The increased foreclosure and bankruptcy numbers between generations at the same age level? Like I said?

rising foreclosures and bankrupties? there are so many contexts, complications and conditions

Right, there are so many. And reducing them to a generational difference is one way to characterize the differences. Just like Baby Boomers are more likely than Gen Z to be worried about communism.

let's not forget that an unpaid-for item means the seller is the victim

That's bullshit. The same item is repoed and re-BNPL'd sold. They usually end up with many times the original value of the item and the item itself. Except I guess for soft furniture.

Comment Re:ya 'plays' yer money, ya takes yer chances (Score 1) 163

does this have anything to do with any particular 'Generation' or maybe this is just true in general?

It seems to be truer now than it was in the past. We can look at the rising numbers of foreclosures or bankruptcies. Unfortunately, the credit system is so new a more direct analysis is not possible.

these bnpl transactions are not scams; two parties voluntarily enter into an arrangement both find beneficial;

Many scams are predicated on a voluntary arrangment. How was Madoff's scam not a "voluntary agreement between two parties". How were snake oil salesman's sales?

Comment Re:Bitcoin can't handle it. (Score 1) 105

The fee is negligible, at less than 0.1%. And it has to do with conforming with reporting requirements, etc. that large transfers have. Certainly 10 pounds is cheaper than a solicitor filling out the paperwork.

Or did you fall into the "BTC allows you to avoid laws as its sole selling point" thing.

Meanwhile, in addition to the filing, etc, you also get some anti-fraud guarantees.

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