
Minjin
- Joined: Nov 1, 2011
- Last Login: Aug 2, 2022, 5:55pm EDT
- Comments: 1,568
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That’s a pretty theory that is easily invalidated by looking at all of the people who DO leave established companies to work on blockchain projects. The fact that there are so many hacks really speaks to the fact that there are a lot of people (and money) experimenting with this new technology and pushing the limits. When there are failures (which there will be), websites like the Verge will gleefully report on them. It sucks that people are sometimes losing their money on various crypto projects. But this is the first financial innovation in our lifetimes and many people are willing to risk money on its outcome.
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2 points. 1st. Who refunds you the $200 you lost from your wallet when you were mugged? Nobody. 2nd. Is your money worth the same as it was last year? Your centralized authority actually admits that your money lost value and is struggling real hard to fix it without much success.
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This is the equivalent of keeping cash in your physical wallet. Cash can be stolen. If someone mugs you and empties your wallet (which is effectively what happened here), does that make cash bad? No. It is just a characteristic of holding money in that form such that it can easily change hands, intentionally or unintentionally. The people who held their cash in a different place (a safe in their home, or in this case a cold wallet) have fewer opportunities for someone to steal it but now it is less accessible. It is just tradeoffs and the same thing applies to fiat money.
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How many people refuse to see another DC movie because of how bad they have been? Keep releasing bad movies and you eventually eliminate your entire audience base.
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Datacenters use more energy worldwide than the entire country of UK. Clearly we need to stop this out of control energy usage.
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Some stocks? Have you even watched the market? My VTSAX is getting crushed. How is yours doing? If I was just looking at the last 6 months, I would say that total stock market investing is for fools.
The idea of declaring something dead because of short term performance is silly, especially when the ENTIRE market is going down. I think you know that and exactly what my point was.
Comment 4 replies, 12 recs
Wow that Bitcoin ROI is horrible. I’m glad I put my money into industry giants like Netflix and Facebook (Meta).
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The ridiculously loud angels singing that Toyota chose for its Plug in hybrids is Exhibit #1 on why we need to be allowed to make a change. I’m not talking about in forward. That’s ok. I’m talking about the 10x volume when you dare to go in reverse. People turn their heads to look at where in the parking lot the horrible sound is coming from.
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