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Comment Re:Less competition for me (Score 2) 125

Yeah, you look so good to your bosses. I'm sure your bosses will give you an extra fancy watch as severance pay when they cut your job. All the friends you would have had if you had any time to spend with them would have really admired your fancy watch.

The enjoyment of your time is more valuable than a number on a savings account.

Comment NO! (Score 4, Insightful) 104

I'm not a very good player but I just enjoy playing the game.
I've also been streamed on Twitch by simply being matched into the same game as some random streamer; it's not my mistake match-making systems don't always work well.
Will I now be booted off because that streamer is very popular and can easily get a 60% (or probably just as easily 90%) quora?
I also do not want to be continuously trolled by toxic threats telling me I must improve immediately or be banned from the game.
As a non-competitive, non-streaming gamer, I really do not want to be submitted to this.
Perhaps the match-making systems will allow me to not opt-in to this so we can have normal matches and the streamers can have their popularity contests?

Comment Crypto vs. stock market (Score 3, Insightful) 85

Looking at the graph, it's just because the hamster is only trading in cryptocurrency and it's being compared to the normal stock market.
The hamster's line is closely following bitcoin, the traders are closely following S&P.
Oranges performed differently from apples; nothing to see here.

Comment Communism (Score 0) 269

For somebody who seems to dislike leftist views, this planned city sound an awful lot like a communist city, except controlled by single dictator instead of a government.

Want to spend your billions to actually help? Put it to use towards preventing poverty and low-income housing and such. None of those projects will stroke your ego or be in any way interesting or spectacular though, so just go on burning billions on a pipedream.

Comment Re: We abandoned real value (Score 1) 231

There is real innovation happening in the space, and as it all transforms from pure speculation into tangible, useful applications and assets, prices rise.

The biggest current (last couple of years) price rises have been in Bitcoin, which is over a decade old now. Since it has been around so long, but the price is still going up a lot, presumably that is happening because of "tangible useful applications". So what are those applications? As a currency it has stalled, not least due to price volatility. Despite occasional bursts of announcements of retailers accepting Bitcoin, the number of retailers actually accepting Bitcoin remains very small, and often quite niche. Bit coin is not taking over as a currency. How about Bitcoin as a means of fast, easy, cross border money transfer (remittances). In the early days of Bitcoin is was widely touted that Western Union was going to get crushed by Bitcoin. It turns out Western Union is doing just fine. And over the major money transfer corridors WU fees are often lower than Bitcoin. Other major remittance agencies are also doing just fine using traditional methods. If any service is getting squeezed out of the remittance industry it is crypto ... fees can be larger, money often still needs to be exchanged from Crypto to local currency with all kinds of associated other costs, and so on. How about "digital gold", a hedge against inflation? It is not clear Bitcoin is really doing any better here, and assets and investments to hedge against inflation is a pretty huge market; Bitcoin has very limited appeal over all the other options available. So again, what are the magical tangible useful applications that make Bitcoin so very valuable? It's been a decade, but there still isn't anything to show ...

Comment Re:Critcism (Score 1) 169

Bitcoin is cheap: It's worthless as a currency!
Bitcoin is expensive: It's a bubble!
Bitcoin prices are volatile: It's useless as a currency, it's too volatile!
Bitcoin prices are stable: It's dead! Nobody is buying!

The first mistake is evaluating bitcoin by its "price". Assuming the key is that it is a currency the real question is the volume of actual transactions going on in bitcoin.

What is the amount of good purchased with bitcoin? It certainly isn't huge. How about remittances? Money transfer was one of the big use cases. It turns out that, despite a lot of hype and years to make a difference, bitcoin in particular and crypto-currencies in general, have made practically no dent in the remittances market. How about total volume of transactions? That's certainly higher, but how much of that is speculation trading based on the price of bitcoin? Hard to say, but surely we would see higher amounts of goods purchases and remittances if it really mattered.

So, instead of looking at prices, if we look at utility how is bitcoin doing? It's been a decade and it still hasn't had any significant uptake as currency -- not on any scale that justifies the hype anyway. Might it still be useful and gain traction in the future? Sure, it's possible. But the outlook isn't that great.

Comment Re: Ass biting regulation (Score 1) 251

There are all sorts of restrictions to keep small players from taking money from the big players. They're always touted as tools to keep the ignorant safe, or to keep the market stable.

To be fair many of the rules and regulations did develop to make investors safer, or keep stability (just look at the fraud, shading messes and instability that has occurred on some of the crypto exchanges, especially in the early says, when there were few if any rules or regulations).

The problem comes from the fact that the big players have full time jobs and and billions of dollars to pick apart the rule book, split hairs, find loopholes, and dodge enforcement, so that, one way or another, the rules don't apply to them. The little guys, well they have actual jobs, no time, and little money, so they have to just follow the rules.

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