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wollsmoth commented on Ask HN: Will Google ever launch a successful new product again?    · Posted by u/CM30
wollsmoth · 3 years ago
I'm pretty happy with Youtube TV, which I think is relatively new.

I think with the size they don't have a lot of interest in running "small" businesses even if they have some traction. Something like Stadia was maybe just wholly unprofitable but maybe had some benefits if they developed remote gameplay tech that might be re-used in another product someday or offered as apart of their cloud offerings.

I guess they'll eventually jump in on the upcoming AR war, but it might be hard to beat the offerings from Meta and Apple. Maybe they'll have the Android of AR?

wollsmoth commented on Exec who cleaned up Enron calls FTX mess 'unprecedented'   apnews.com/article/ftx-tr... · Posted by u/gmays
rightbyte · 3 years ago
It is hard to compete with ponzi scams while they are running. Maybe they will have a better chance now?
wollsmoth · 3 years ago
I think they have an excellent chance of being the last one standing. Unless we learn that they have also been operating a scam. If all they do is run a reliable exchange and don't get hacked, as other exchanges fall they'll probably get more business.

But I think if public interest wanes, and crypto sort of becomes this amway for nerds thing, then they'll probably flounder unless they prune back their costs significantly.

wollsmoth commented on Exec who cleaned up Enron calls FTX mess 'unprecedented'   apnews.com/article/ftx-tr... · Posted by u/gmays
gitfan86 · 3 years ago
I don't expect the Coinbase CEO to secretly leave the country with gold bars. But I do expect Coinbase to either go bankrupt or to face major lawsuits for years and to have very poor stock performance.
wollsmoth · 3 years ago
Just looking at the stock perf. They have high trading fees and still lose quite a bit every quarter. They need to figure out their business plan when trading activity is lower, or figure out some way to drive trading activity.
wollsmoth commented on Ohio vandals release 10k carnivorous mink into the wild   nypost.com/2022/11/16/ohi... · Posted by u/totalZero
yboris · 3 years ago
Why are we farming mink? Could we just stop with abusing animals merely for minuscule amounts of pleasure we get from using their products over alternatives?
wollsmoth · 3 years ago
It's probably still the best/cheapest way to produce that kind of quality coat, and the input is just whatever you feed them.

I don't want a mink coat but it doesn't surprise me the market is out there. I still have a down coat.

wollsmoth commented on The FBI alleges TikTok poses national security concerns   npr.org/2022/11/17/113715... · Posted by u/clockworksoul
plgonzalezrx8 · 3 years ago
Call me whatever you want, but Trump had a LOT of things right. He was just massively inarticulate and his persona made it easy for people to disagree with him. But yeah, he tried to shut it down and the democrats just reverted everything just to say they reverted something trump did.

This report is nothing new and it has been known for a long time.

https://www.nbcnews.com/politics/white-house/biden-reverses-...

wollsmoth · 3 years ago
I wasn't necessarily opposed to his call for that. But the whole idea of somehow segmenting the app in a way that would somehow make tiktok better for us seemed kinda impractical. Just ban it or don't. If we ban it someone will make a clone in the west, or IG reels will just take over.
wollsmoth commented on Air Force, FBI raid homes in probe of Area 51 website   reviewjournal.com/news/mi... · Posted by u/SirLJ
rantingdemon · 3 years ago
Interesting thoughts. But does this warrant unarmed, senior citizens, to go through the reported abuse?
wollsmoth · 3 years ago
If you're talking about what happened in the article, we don't know exactly what the probe is about. If the guy truly hasn't done anything illegal then I don't know why they'd bother. I think they are rewarded for convictions.
wollsmoth commented on Is this the end of crypto?   economist.com/leaders/202... · Posted by u/edward
kojeovo · 3 years ago
Aren't basically all of crypto transactions facilitated by centralized exchanges? Why is FTX alone the antithesis?
wollsmoth · 3 years ago
Probably most of the ones exchanging fiat for cryptocurrency. But you can use defi if you want to swap crypto for crypto, and you can always send direct to buy something, although most merchants probably immediately convert to fiat using an exchange.
wollsmoth commented on Air Force, FBI raid homes in probe of Area 51 website   reviewjournal.com/news/mi... · Posted by u/SirLJ
denton-scratch · 3 years ago
If the USAF don't want UFO crazies trying to find out about their secret testing station, maybe they should move it to somewhere that isn't famous for UFO myths. Then they could open the gates to Area 51, perhaps charge for entry, and offer guided tours. They could even build a hotel (you can imagine the style of architecture) and a golf-course (Oops! Water shortage, so scrap that).
wollsmoth · 3 years ago
Maybe they don't do anything super secret there anymore, but the site is still useful as misdirection.
wollsmoth commented on The FTX First Day Declaration   twitter.com/kadhim/status... · Posted by u/ksec
danaris · 3 years ago
....at which point the cryptocurrency sphere will be entirely centralized (apart from the very small number of people holding everything in their own wallets).
wollsmoth · 3 years ago
Yeah. It may just be the best on/off ramp for crypto but but without any real compelling applications for it idk what that's really going to accomplish. You'll still be able to pull crypto out and spend it.

If they are the last ones standing and find a way to run a profitable business, then we may just see more competitors crop up that aren't actually scams. Or maybe existing banks will jump in. Who knows.

wollsmoth commented on The FTX First Day Declaration   twitter.com/kadhim/status... · Posted by u/ksec
captn3m0 · 3 years ago
If this is FTX, which was supposedly among the cleanest exchange - do think where the rest of the industry will be at.
wollsmoth · 3 years ago
Coinbase seems like they are doing everything right? They might be the last one standing if they're actually being boring and following the rules.

u/wollsmoth

KarmaCake day545March 28, 2022View Original