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Comment Re: It's Called Arbitrage... (Score 1) 56

It's due to the difficulty getting the fiat out of the exchange, then out of the bank, and then out of the country, and then doing this in the amount of millions of dollars per day. If you try, you'll find your account frozen fast. It's not complicated. That's all that's happening. So instead the price pressure is balancing from petty trades from opportunistic small men. Not big investors. Not yet, at least... Also some asian exchanges tack a 1% fee on withdrawals. That is also a limiter. You'd pretty much have to pull a Rothschild's to exploit this opportunity. Meaning, have large amount of fiat in both nation blocs and buy and sell solely on intelligence.

Comment Is it possible to have no rules? (Score 2) 263

What is the fundamental reason for having rules in the first place? Pictures and videos I can understand. But wouldn't it be better for twitter to let anything be said and then allow police to handle all violations of speech laws? To compare, emails are uncensored. You can mass mail emails. But if you email threats, then the police deal with it instead of the email providers. It seems like speech rules on social media is like trying to produce a megaphone that shuts itself down when certain words are spoken through it. You'll play cat-and-mouse forever until eventually you can't make a functioning megaphone anymore. If you take away twitter from bad people, then you still leave bad people out there. Whereas if the police handle it, you cut right to the problem, and punish the person themself. Only then will bad people stop saying bad things.

Comment Re: Apple can't repair, can't upgrade, over priced (Score 1) 243

I can tease all those arguments except overpriced. Apple has very good prices aligned to the specs, especially when you consider the build quality and durability. I know it's a meme to call apple overpriced, I've heard it for decades. While it was maybe once true, I don't think it is anymore.

Comment I use a popular S3 service (Score 1) 283

With cryptomator for encryption. That way, I don't need to trust any service for privacy or security. I just need my files hosted somewhere. So I chose one of the cheapest S3 file hosts I can find and use an S3 client to sync to it. I also use a naming convention for all my backups. To sort them automatically...like this: 2020.12.31--Backup-name/ I also don't tar nor compress them. I just take the slight hit on my wallet because I can easily browse my files abroad like a filesystem with cryptomator. I also attached a big cheap 8TB hard drive on the back of my mac and enable time machine. This is an incredible piece of software. It's not exactly a backup in my opinion, it's more like versioning. Any lost file can be found with this. Saved me many times. For my mobile devices, I sync to the cloud automatically and never think or worry about phones.

Comment Space Heaters (Score 5, Interesting) 355

Because transistors shed heat at a 1:1 ratio with space heaters, soon we will have space heaters, water heaters, etc all doubling as bitcoin miners. Once that happens, there will be no chance of wasteful competition, no matter how big or efficient your mining farm is. You can't beat the guy just using it to heat his home. Also consider that some places like Stockholm use central heating for the entire city. Hot steam is delivered underground and it's used to heat all homes and water in the city. The heat is generated in a central location with lots of power. This generator could be converted into a bitcoin farm, with the heat captured and sent to the city to heat everyone's bedrooms while they sleep and their shower water and stuff.

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