Tech people generally love to under invest in accounting and legal services early in a start up, but cases like this show why investors should consider audits to be valuable even in early stage.
"In 2014 I was buying land in Lake Tahoe and I told the sales guy I'll buy this plot if you let me buy in bitcoin because I wanted to promote bitcoin as a transactional infrastructure. That was 2800 coins. That's worth $140-150M today"
This transaction was actually facilitated by chamath palihapitiya who paid USD cash to a Bitcoin company who bought it and paid out the seller in USD cash. It was a publicity stunt to prop up Bitcoin and it worked.
A key for when tablets will replace paper is when refresh rates get so fast drawing mimics ink on paper. Until the lag is eliminated it won't be replaced.
In the past it used to be the Google "discussions" search which would bring up the same content except across all the unique niche vbulletin forums that existed. Once bots started gaming those for SEO it was sadly removed from Google.
Alfred Chandler Jr described this as 'hidden unemployment'. The true social cost to society is high prices to support mostly inefficient jobs, this keeps people employed.
What is a tech stock's inherent value? They typically lose money and have a ton of employees. How is bitcoin different? You are investing in a technology with a group of people who are supporting it. As more people agree it is useful, the price goes up. Same thing as a stock.
The Fed does not create money. Banks create (expand) money by lending. The fed has purchased corporate bonds and swapped them for more liquid securities (treasury securities/M1). The Fed wants you to think there is inflation, so you get scared and "lock in" your pricing on homes/cars/etc. This activity stimulates the economy.
Isn't there an incentive for the world if NVDA continue s innovating in their GPUs such that they use less energy to achieve the same result as years prior?
This post is equivalent to an Op Ed saying World Peace is what society needs. Vlad, we understand you are trying to salvage some of the PR mess that was made by placing the blame on others. This post is lacking substance on next steps and how Robin Hood would like to implement this. While it is not what your Company does, what is your suggestion?
If they dont have cash, tell him to issue you a convertible promisory note for $X amount that you think is fair. If the Company does well then they can pay you out or you can convert your stock into shares for cheap. If the company goes under, then you all lose. Lawyers can draft these for cheap, just make sure you put a timeline in there and make it one sided so you can convert at any time with anti-dilution provisions.
I would suggest, instead of spending your money on superficial acts, invest that money into your own company to HIRE people who are less well off and train them with your skills. You would do much better for society.
Although people think that the Fed buying bonds is "printing money", it is actually mistaken for liquidity events. If you provide cash to someone for an asset, the second party loses an asset and gains cash. Its a zero-sum trade, assuming the asset is worth its price (which with a corporate bond is undeniably true). Banks are the ones who create money, by creating loans to multiple parties and using leverage.