throwaway_kufu (u/throwaway_kufu)

throwaway_kufu commented on Dutch official calls for complete ban on Bitcoin cointelegraph.com/news/du... · Posted by u/ushakov

defaultname · 5 years ago

Adorable pearl clutching.

throwaway_kufu · 5 years ago

You previously brought up El Salvador’s murder rate as though that has anything to do with or diminishes their Bitcoin experiment.

It is really odd until you reveal below that you have a pretty clear bias against Bitcoin because you personally worked on some traditional payment processing software.

throwaway_kufu commented on Ohio sues Google, seeks to declare the internet company a public utility dispatch.com/story/news/p... · Posted by u/infodocket

rgbrenner · 5 years ago

google could take over almost any business like this.

That didn't happen to travel companies. Google added flights, but Booking Holdings (aka Priceline) continued to grow each year to 15B in revenue for 2019. (Huge drop for 2020 obviously.)

If I type "<city> weather" google will show me the weather, but which weather company has shutdown because of that?

Google news is in the search results, but there are a lot of news companies. Those info panels often come from wikipedia, but wikipedia is doing great.

This is something that sounds true, but I'm having trouble thinking of an example where it has actually happened. Examples appreciated.

throwaway_kufu · 5 years ago

> Google added flights, but Booking Holdings (aka Priceline) continued to grow each year to 15B in revenue for 2019. (Huge drop for 2020 obviously.)

But did advertising on Google become more expensive for competitors once Google entered the market (e.g. did Google Flights also bid on Google Ads) and were those additional costs passed along to customers?

So while your example shows a competitor survived, it over looks the many start ups that did not, it overlooks the increased advertising costs, it over looks the increased cost to consumers and the chilling effect on potential new startups that might have been able to enter the market.

We do not even need to question any of this because before Google acquired the startup which became Google Flights the acquisition was reviewed and only approved under very strict Chinese firewalls between Google flights and Google search…but those restrictions only sought to restrict Google flight’s complete takeover of the market and ignored how it is being used to increase ad costs to the remaining market competitors.

The same has been seen with Google shopping, where Google essentially acquired a startup, it flopped, then Google positioned itself ahead of organic results and began systematically burying competition in the Google results. The fact you can’t name any of the travel or shopping startups that had thriving businesses that fell once Google entered the market is more telling of how Google has dominated the market rather than evidence Google hasn’t actually put anyone out of business.

throwaway_kufu commented on Ohio sues Google, seeks to declare the internet company a public utility dispatch.com/story/news/p... · Posted by u/infodocket

seemaze · 5 years ago

I'm sure there are different geographical and utility costs, but every well I've ever priced was between 25-100 years to break-even .

throwaway_kufu · 5 years ago

How long to break even after building your own search engine?

throwaway_kufu commented on Why are American workers becoming harder to find? economist.com/finance-and... · Posted by u/jaredwiener

wernercd · 5 years ago

Because the government is "feeding the bears".

When you get hundreds a week to not work, why is it any wonder that people choose not to work? When you start working at a $10/hour job and lose $20/benefits for being poor because you pass a threshold, is it any wonder people can't get off of government "assistance"? When it makes more financial sense to remain single and get benefits than it does to get married and create a stable family, is it any wonder?

The American Government is taxing the successful, rewarding the lazy and acts surprised when it has obvious effects... They are feeding the bears and making them dependent on handouts.

throwaway_kufu · 5 years ago

How many people are you currently hiring and what’s the compensation package of each employee?

throwaway_kufu commented on The lab-leak theory: inside the fight to uncover Covid-19’s origins vanityfair.com/news/2021/... · Posted by u/codechicago277

PaulDavisThe1st · 5 years ago

You write this as if NIH is a privately run foundation with Fauci at the head. He's not even head of the NIH, and while I have no doubt that he was directly involved in decisions to fund research at the Wuhan lab, this is a government agency, which as we're told over and over (when it's convenient to say so) means layers upon layers of bureaucracy and red tape , particularly when handing out money.

Is it your position that he was able to run it as some personal fiefdom?

Suppose that Fauci had known for a fact in May 2020 that SARS-COV-2 originated in that lab. How would that have changed the advice he (attempted to) offer regarding public health and safety?

throwaway_kufu · 5 years ago

> Suppose that Fauci had known for a fact in May 2020 that SARS-COV-2 originated in that lab. How would that have changed the advice he (attempted to) offer regarding public health and safety?

If he had known the virus was being researched and escaped the lab, certainly his recommendation should have included requests for any and all research and records related to the virus research. As such records have been very pertinent to public health guidelines and guidance, if not potentially toward treatments and future vaccines.

Also there is the very real financial and legal component if that were the case. On a much smaller scale it would be on par with destroying video evidence of a slip and fall, denying it ever existed, then when caught claiming it’s immaterial to the medical treatment of the injured…that’s still fraud and at minimum a clear attempt to escape legal and financial liability.

throwaway_kufu commented on 83% of Americans Are Belt Tightening Due to Inflation Pressures forbes.com/sites/walterlo... · Posted by u/whack

trey-jones · 5 years ago

Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.

throwaway_kufu · 5 years ago

Trillions were not distributed to the populace, trillions were distributed to businesses and the Fed to leverage even further to prop up the stock market. The “populace” got billions.

The printing isn’t really the problem either, it’s a symptom of policies from both parties for 50-60 years resulting in a nation that functions purely on debt from individual households, small businesses, publicly traded businesses, to the government itself.

Before the pandemic the majority of households couldn’t cover a $400 emergency. But the truth is businesses and governments were in the same position, and even in “the greatest economy the world has ever seen” the majority of them live the equivalent of paycheck to paycheck just servicing their debts.

throwaway_kufu commented on Coinbase outages coinbase.com/... · Posted by u/iand

thefounder · 5 years ago

Right! Let me know when they get their money back. I thought that when bad stuff happens on regulated markets at this level(i.e congresional probe etc) the DA, SEC, FCA or whatever agency is in charge is supposed to intervene and make it right. And btw it wasn't just RobinHood. At some point all the retail brokers(i.e Interactive Brokers) decided to hold various positions(buy/sell).

People can sue coinbase and any other shady broker as well. If you've lost 10K I doubt you are willing to spend even more to get it back in court be it coinbase, RobinHood or any other exchanger/broker with an army of lawyers.

throwaway_kufu · 5 years ago

Look I’m as jaded as the rest, like everyone. I’ve seen mass manipulation to promote bullshit wars. I graduated in 2008 and I am still told to shut up and say thank you to the banks for paying back taxpayer loans with interest that bailed them out of their own fraud and let them consolidate the market. I saw the CDC initially lie about masks to allegedly preserve supplies for healthcare providers. I saw the government take trillions in future taxes and mostly give it to businesses and for the FED to leverage into even more money to prop up the stock market (hey, all time highs again mid pandemic).

Still, for all the BS lawyers get, much of it deserving, for every lawyer behind the brokers/investors/funds there are others representing the victims. These are the types of lawsuits that include egos so big that sometimes discovery of emails/communications and the prospects of sitting for depositions result in a resolution, and even change.

It’s funny you mention the army of lawyers, because many of these cases have been consolidated and one 1 Zoom hearing were 141 lawyers…they represented the plaintiffs.

throwaway_kufu commented on Coinbase outages coinbase.com/... · Posted by u/iand

thefounder · 5 years ago

so many FBI inquiries started from the GME fiasco, right?

throwaway_kufu · 5 years ago

You seem to be sarcastic but in fact yes the Robinhood/GameStop BS resulted in both a congressional probe and it skipped the FBI and went straight to the prosecutors at the Department of Justice.

throwaway_kufu commented on Coinbase outages coinbase.com/... · Posted by u/iand

thefounder · 5 years ago

>> Except Crypto isn’t regulated like stocks,

Except that most of the time that means nothing in practice.

Just look at the GME saga and you have customers liquidated, customers not being able to buy, some not even able to sell. And on top of that the CEO of Interactive Brokers setting a target price for the stock.

All this so that few highly leveraged hedge funds can get away from the short squeeze cheaper along with their lender/broker.

throwaway_kufu · 5 years ago

Except it doesn’t mean nothing because there are a bunch of lawsuits against Robinhood, because the law provides a remedy for the bullshit they pulled.

throwaway_kufu commented on Coinbase outages coinbase.com/... · Posted by u/iand

kemonocode · 5 years ago

Nice try, but Coinbase is one of the most, if not THE most tightly regulated exchange out there. [0]

[0] https://help.coinbase.com/en/coinbase/privacy-and-security/o...

throwaway_kufu · 5 years ago

It’s the same company that attempted to keep its customers Bitcoin cash when Bitcoin forked right? Then only backed down after consumer backlash? Same company that tipped off its employees to buy Bitcoin cash to pump it before it was listed and then it was dumped on day 1?