613 karma · joined July 23, 2016
My question after reading this article is, do these solo founders manage to grow their business as large as founding-teams? How many solo founder businesses cross the $50M revenue mark?
AMA (American Medical Association) has successfully lobbied congress to cap residencies at 100K a year, essentially restricting supply. Foreign doctors have to go through a gauntlet of exams, tests, and licenses that keeps market from being flooded with cheaper talent and diluting local doctor salaries.
Software Engineers have failed to unite like this, so the MS+FAANGs and consulting companies have lobbied for free flow of cheap labor under the guise of innovation. There are no board certifications, no licensing exams, and no restrictions on supply. This is why software salaries have been artificially suppressed for two decades.
This is a nice tech demo but not of any practical significance.
Thus I want to voice my contrary opinion that it is okay to "consume" and not "create" for non-core parts of your project. Need to do dump an arcane data structure to a remote logging tool? Go ahead and copy paste that StackExchange snippet kings!
LVT might also reward families with liquid assets, while burdening lower-income families whose main asset is their house.
1) Xodo Reader 2) Liquid Text 3) Margin Notes 3 (AWESOME) 4) KOReader (Open source) And several dozen more...
Also Yahoo Slurp is crawling my email URLs. Sigh.
I realized that API query results were mostly news bots, retweet bots, corporate PR bots, social media aggregator platforms like Buffer, and just plain old spam bots.
How bad was it? After filtering 1,000 tweets per query, I barely found 10-20 real human users. That signal to noise ratio is dismal, and detrimental to the core product experience. Twitter must be forced to maintain this fake high activity to prop up the share price.
BONUS: Guess who else is spamming their post feed: Tumblr. Tumblr didn't allow any adult content or keyword search; since Marissa Mayer took over she seems to have loosened that policy to fluff the numbers. Tumblr today is drowning in porn.
On the other hand, it takes very little effort ($100K) to prop USDT price up. Rumor has it that Tether themselves are propping up the price on Kraken.
Sad part is that once the prop crumbles, everyone in sell-side of the chart will become bagholders because USDT will be worth nearly zero.
Bitcoin's only advantage at this point is its price, which will go away as soon as there is a crash. Then we can scrap Bitcoin, LN, and all the baggage and start with a clean 3rd generation crypto slate.
Current price bubble will bust long before that, and no one will care about LN anymore.
Coinbase is a counter-party in all trades e.g., people buy FROM Coinbase or sell TO Coinbase. So $1B revenue number would include all deposits.
GDAX accounting would only count commissions as revenue.
Ethereum's PoS implementation requires lock up of balances in stake accounts, so it removes any incentive to do transactions.
I believe that ETH PoS will calcify the economic strata, kill all transaction volume, and have the opposite of network effect.
Any producer contributing to the Bitcoin economy would require a full node.