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Comment "Debt" Maybe Isn't the Right Word (Score 1) 72

It's sad no one can buy employees shares yet, since Uber doesn't report to the SEC. The thing this tender offer does is allow smaller, poorer holders a price base to negotiate a loan from the bank. The loan is backed by the asset - the shares. It is a weird way to think about debt if you aren't an accounting or finance professional.

Comment Ugh... (Score 1) 141

This article just made me go check my coinbase account. Of course i did $20,080 worth of transactions and the worst part is the coins I transferred in Coinbase assigned a cost basis of $2-5 for some reason...God I wish I had purchased .5 bitcoins for $2.38. Now it looks like I have almost $15,000 in capital gains. Wonderful.

Comment GSA Advantage! (Score 1) 52

The government already has this, they call it GSA Advantage! https://www.gsaadvantage.gov/a...

Our company is a vendor on it and it is a PITA. I don't expect anything new to be better. It's going to be the same garbage crap. My favorite part is they demand proof that you are giving the government the lowest price you charge any customer. Then they make you do hours of paperwork for any small order. And finally they audit the living crap out of you. They asked us to provide detailed quotes from every sale we had made to EVERY CUSTOMER (Government and commercial) for the WHOLE YEAR. Hundred of thousands of transactions... I can't wait until this new program comes out :P

Comment Segwit2x (Score 1) 144

Obviously no one around here cares about the reason bitcoin broke records and the massive developments changing its core software. Bitcoin is going to have its first major hardfork in a long time and become something much better.

Bitcoin Segwit2x is a proposed change which is intended to improve the speed and cost of Bitcoin transactions. The Segwit opens up new possibilities like the Lightning Network, Tumblebit, Schnorr Signatures, Confidential Transactions, Cross-chain atomic swaps, and so on.

I don't think any of those crazy terms are the important part. What most people don't seem to get around here is that bitcoin and blockchain technology evolves and changes like any other piece of software, so your complaints today could be gone tomorrow by writing a few lines of code.

Comment The Future (Score 1) 54

People are failing to see the big picture. Imagine if Facebook started paying you in cryptocurrency (FACE) for every post and picture you posted. Then they created a market where advertisers could buy the tokens and use them to buy ad space. A crazy feedback loops would develop as people addicted to FB turned posting their kid's pics into full-time jobs and Facebook's world domination would be complete.

Comment "Normal" Millenial (Score 1) 594

I guess I'm one of those normal millenials who literally just spent the week in Spain eating avocado, manchego and jamon toast. I had no problem with the 40k downpayment on my new house at the age of 27. I made $28k per year in 2008. I'm up to $40k now. The thing I didn't have was student loan debt or any medical problems. I feel very sorry for my friends with $40k in student loans. They won't be able to invest in a house until later. They never got the chance to invest in the stock market post 2008. They got ripped off.

Comment Free 1-2 Hours of Work (Score 1) 303

IBM will pay people the same, but now the employees will have a commute to and from work. This will add about 1-2 hours per day to the employee's "work". Even if IBM's claims are true that this will increase creativity/productivity, it is at considerable expense to every employee. What a great way to shake down your employees.

Comment Gamestop is more than its Stores (Score 3, Insightful) 90

Gamestop owns a sizable chunk of the download business (about $1 billion of digital downloads per year). They also own a chunk of Steam and benefit by selling Steam cards and digital codes and will sell the Xbox cards. I don't think the closing of stores is new, that is inevitable. Gamestop's plan to convert old stores to ThinkGeek stores is probably going to go the way of Sharper Image... The console refresh cycle is just beginning though. I know it's impossible for /. readers to comprehend, but not everyone thinks computers and digital downloads are "easy".

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