365 karma · joined March 1, 2017
Well do I have a game for you: https://en.wikipedia.org/wiki/Progress_Quest
Well one of the problems here was the sanctioning of a technology, which AFAIK has never happened previously.
Exchanges have the means to work with regulators, demonstrate good faith, and get themselves removed from any accidental sanctioning. This doesn't exactly apply to small tips akin to BuyMeACoffee.
But in general, I agree that cryptocurrencies could help the problem, but it still carries the compliance and AML risks unless you can outsource that to a 3rd party. What happens if you accept funds from an OFAC or other sanctioned account? Violating AML can come with huge fines and is generally just a massive headache. Cash doesn't have these issues as the evidence is generally impossible to track well. With nearly all cryptocurrencies, the entire ledger is open, so if you accidentally accepted payment from the wrong person, you could get royally screwed at some later time.
""" After crunching a lot of data, they found that the only thing the productive employees had in common (other than having made it through the Bell Labs hiring process) was that "Workers with the most patents often shared lunch or breakfast with a Bell Labs electrical engineer named Harry Nyquist. It wasn't the case that Nyquist gave them specific ideas. Rather, as one scientist recalled, 'he drew people out, got them thinking'" (p. 135). """
I believe it is actually "structuring".
Layering is a step in money laundering where layers of legitimacy are added as money moves around. Structuring is breaking larger transactions into smaller transactions in order to avoid detection. Smurfing is also similar to structuring and honestly I don't understand the difference well enough to explain, but they are often used interchangeably in my experience.
edit: Here is a short educational video on the topic of money laundering: https://www.youtube.com/watch?v=RhsUHDJ0BFM&t=90s
I know in Polish, "żubr", which is the European Bison, is often translated as buffalo and the American Bison is known as "bizon" which is understandably translated as bison. I would not be surprised if Belarusian was similar.
How so and is there anything to back that up or is that just a gut feeling?
I pay for my VPN subscription online, anonymously using crypto. Am I facilitating crime?
Are women not safe in these states? I'm not sure I'm picking up whatever you are implying.
I came here to post essentially the same thing.
Most startups fail and options and equity become worthless regardless.
In my experience, the biggest changes will be in morale and company culture. There is a chance that the company gets hit by the "Dead Sea Effect", all the talent starts leaving because they can find better opportunities while the lower tier devs stick around.
According to whom? Is there a secondary market or is this just the FMV from the last valuation? If there is no liquidity, they might be "worth" $200k for tax purposes, but as with most startups there is a chance that everything falls apart and that there is no liquidity event.
> exercising them would cost me $25,000
I would double check what your expected tax bill would be, because it sounds like you might have $175k worth of paper gains. The effective cost to exercise might be much higher depending on where you live and your tax situation.
Lastly, if you are the Head of Product at a startup, I would assume that you could find a high enough paying job so that $25k isn't a significant burden on you, assuming you don't live above your means. Getting some offers may help you decide in the end.