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Comment Re:Might as well invest in tulips (Score 1) 134

The correct price of a stock is the sum of the temporally discounted values of all distributions that the stock will eventually pay.

No one knows exactly how many distributions the stock will pay and what amounts those payments will be, so stock prices fluctuate as people incorporate new pieces of information and new unsubstantiated speculations into their guesses.

The nice thing about crypto is that we don't have to guess. A Bitcoin will make zero distributions over its lifetime. The sum of the temporally discounted values of all of its distributions is therefore also $0. The correct market price of a Bitcoin is therefore $0.

Comment Re:Might as well invest in tulips (Score 1) 134

Not going to happen. Believe it or not we do actually manufacture things in the USA, particularly things like electrical transformers. If we couldn't import anything, it would suck, but not nearly as bad all that.

Worst case scenario, we experience an inflation spike that levels off as we ramp up manufacturing in the sectors we usually import.

Comment Re:uh (Score 1) 124

> I didn't see a whole lot of anger when Linux went with sysvinit scripts instead of the conceptually-simpler BSD rc system.

Linux _didn't_ universally adopt sysvinit over BSD rc. Which one got used depended on the distribution. Slackware, which I like best because it keeps things simple and doesn't change for the sake of change, happens to (still) use BSD rc.

So, calling the debate "SystemD versus sysvinit" is and always was somewhat incorrect, but it's accurate enough since the actual init binary is the same whether you organize your scripts according to System V or BSD standards.

Comment Re:Finally, an answer (Score 1) 32

Maybe, but, more importantly, stablecoins are the only part of the crypto world that isn't a giant tulipmania bubble. Imagine you develop a payment card with an ARM chip in it, or a phone app or whatever, that lets you transfer bitcoins to a merchant at a cash register. Cool tech, but useless, because what merchant in their right mind wants to take payment in fake money?

Now imagine the same thing, but it's a stablecoin backed by $1 deposited in an escrow fund for every $1 token issued, and imagine the transaction fee is 0.1%, versus the 3%+ merchants currently have to pay in card processing fees.

Now your tech has just put Visa and Mastercard out of business.

Comment Re:You know how (Score 1) 304

No, see, the money doesn't have to be in their bank; it can also be in their brokerage arm. So, if you have $100k, just move some stocks or mutual funds over from another brokerage to U.S. Bancorp Investments, and you get the 4% with no opportunity cost.

It really is a spectacular card for people who have that level of assets.

Comment Re:IRS (Score 3, Informative) 150

It's not that different in the US from what you say Europe is like. If you're not doing anything "interesting", like making weird investments or running your own business, you basically just plug your W-2 and any 1099s you have into tax software you purchase and it fills in everything for you.

And, I expect that if you ever do "interesting" things in Europe, like running a business, being a landlord, or fronting money for someone's restaurant in exchange for equity, you will find that calculating your taxes has suddenly become much more involved.

Btw I am developing open-source tax software because it's dominated by proprietary products made by somewhat evil companies right now. Unfortunately, I only have bandwidth to make a completely non-user-friendly command-line version of it right now, and I also only have bandwidth to add support for the forms I currently personally need.

https://github.com/linuxrocks1...

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