Hacker News Reader

hackerguy99on The Shock of Sweden's Housing Market Is Hitting the Country's Currency

How else can money be created except through credit?

hackerguy99on A Family Who Sold Their Belongings for Bitcoins

>You will always be late to invest if you do not do your homework or are too risk averse.

The stock market is full of "investment" ideas like this, rising thousands of percent over short periods. Are you researching all those penny stocks? Why not?

hackerguy99on A Family Who Sold Their Belongings for Bitcoins

>One thing I struggle with is what is the 'right' price for a bitcoin. How do you calculate that?

Do you think Bitcoin is money?

Then the right price is simple: The amount of goods you can buy for 1 hour of labour should be equal between USD and BTC. If you can buy an apple pie for $5USD, then you should be able to buy a pie with $5USD in BTC. The problem is no one is actually selling anything in BTC in the real world.

If you think Bitcoin is money, you shouldn't be "making money" off it anymore than buying another currency in USD. The fact that it is increasing exponentially in price is a bug, not a feature.

hackerguy99on Paradise Papers: Dear Tim Cook

When it hits the fan, and you want to come back to the US for safety, unmolested, you'll be able to. Should that be free?

hackerguy99on Tesla’s Dangerous Sprint into the Future

>But that is a massive difference from traditional manufacturing and many assembly plants.

Where do people get this stuff from? Have you ever been in a modern manufacturing facility?

hackerguy99on Tesla posts big loss, cuts production of Models X and S to catch up on Model 3

>The Leaf is even mostly aimed at fleet mileage scoring.

So it's your contention that 95% of HackerNews can see the future of EVs, but all the major manufacturers have and/or are going to miss it?

Shaky bull thesis, my friend.

hackerguy99on The U.S. Isn’t Prepared for the Next Recession

>he's talking more about mitigating the pain of recessions for the average person.

So your claim is that the pain of recessions for the average person have been getting worse over time? Where is that evidence? I don't see it.

Unemployment during the depression was around 25% and people were starving.

hackerguy99on Breitbart, other conservative outlets escalate anti-SpaceX campaign

>SpaceX is not directly involved in that, but Tesla is, and I doubt places like Breitbart are interested in carefully drawing lines between the man's different companies.

So you are accusing Breitbart of attacking Tesla (even though this is about SpaceX) because they won't "carefully draw lines", without a hint of irony that you can't be bothered to draw careful lines between the companies, and have dragged Tesla into the conversation?

Not every criticism about SpaceX or Tesla is about disliking Musk. If only it were that simple.

hackerguy99on The U.S. Isn’t Prepared for the Next Recession

>The U.S. has gotten progressively worse and worse at handling recessions

Recessions have been fewer and lest frequent according to the data. What are you looking at that disputes this?