By what metric is this city the richest?
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"how do i convert crypto assets into USD without triggering a taxable event?"
the answer was create a stablecoin where you for sure have $1 for each coin so you can always exchange your crypto for dollars.
the problem is all these shady crypto finance people are busy making money off of stablecoins and hoping nobody catches them without enough cash on hand since they invested the USD into assets instead of just holding cash, or when the value went up they minted more stablecoin to sell off and now that the price of the stablecoin is down they don't have the ability to cover their liabilities.
The basic idea to protect against taxes, the extended idea is to enrich every grifter around.
Crypto is the same.
Why do you think converting from BTC to USDT is not a taxable event?
If there are other such projects, please share.
- Render is closest to what Heroku do, however being on their own hardware they can undercut Heroku who, by running on top of AWS, are both limited but apparently also don’t want to compete on price.
- Fly is both aiming to be a Heroku alternative but also have a really compelling use case of placing many smaller VMs closer to your customers. I believe they are heading towards a target of scale to zero on distributed VM regions for your app. They have some super clever ideas around distributed DB read replicas.
- Railway I think is somewhere in the middle, but I can’t understand their pricing… they say “you only pay for what you use” and the pricing page imply a that you can use fractional resources. It seems confusing as to if they have some sort of auto scale to zero or not. The docs are lacking on in the regard.
For me Fly I think are winning. Probably with Supabase or or Crunchy Data for the DB.
I am skeptical of edge compute being generalizable. I do forsee a bright future for it for embarrassingly parallel problem space, where data sharding can be done cleanly based on an end user.
Most employees would be wise to divest much of their company stock as soon as they are allowed. Don't have all your eggs in one basket.
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PS: we use both (for different sites). Probably should consolidate to one.