>run digital exchange
>get arrested
when will this meme end? I don't own any crypto anymore, but I find it endlessly weird that a government can just declare something illegal and immediately begin arresting people with no warning.
435 karma · joined August 6, 2017
when will this meme end? I don't own any crypto anymore, but I find it endlessly weird that a government can just declare something illegal and immediately begin arresting people with no warning.
Last year according to credit Suisse, the median wealth of the typical American actually /decreased/! And if I remember correctly, it was by quite a sizeable chunk, from 49,000 usd to 45,000 usd.
And the median excludes children, so it is adults only.
I have all the statistics in the world to back up what I'm saying, but even more important for me is anecdotal stuff that inspires me to dig deeper.
When you see the sheer number of young kids working chipotle or retail; when you see the demographics of uber drivers vs big 5 software engineers; when you realize that so much of the wealth in the US is old money that continues to centralize, pool, and grow (much like gravity);
when you realize all that, at the very least, it makes you say "hmmm... I need to rethink and dig deeper into this topic on my own".
That would be like me hopping on my bike, pedaling for hours, which charges up a battery that is attached to it with an inverter, putting it into a carboat, driving onto the water, to get into my seaplane.
The original goal was for me to be in the air. LOL
Yes, but many people have been designsted as "having stopped looking for work", which means the statistic doesn't count them.
Additionally, those who are employed perhaps are underemployed, working as an Uber driver or bartender or chipotle or etc.
>the economy has improved
For the top 6% of Americans that are millionaires, it absolutely has improved. Most of their income is from capital gains, dividends, and business equity.
The average person with student loans has almost none of these things. They are relying on a wage from a job that requires them usually to pay rent, own a car, buy a monthly transport card, and so on.
When you are only making $1400-2000 per month after tax, and $1,000 of that is out the door on work-related expenses alone (rent, transport, insurance, phone), there isn't much left over for a $300 per month student loan payment.
Disclaimer: Don't shoot the messenger. These are merely my thoughts on what is happening. Please reply with criticism.
Yikes.
Daimler claims to have been working on EVs for 100 years. Yet by their own admission, their cars won't be "fully electric until 2020-2025".
Come on man. Tesla ships full electric cars. Daimler doesn't.
End the fanboying.
It's a bit like entrapment. You offer something they don't know they want, and then arrest them for interacting with you.
He was arrested on drug charges before, and my subjective impression of his demeanor makes me think he might have been on downers like heroin or klonopin.
If he did die in his sleep for no reason though, then it is a terrible thing and it pains me to think about.
I can't imagine being dead in just 10 years.
How is it a crime to store data internationally?
Am I a criminal for storing my photos on a Russian VPS?
Does this enrage you?
Also absolutely insane that one ruling in one Fed District Court is non-binding to the other Courts.
They ruin it for the rest of us.
>[a person who helped organize the Day of Absence] observed that because Hitchens’s razor is an “Englishman’s popularization of a Latin proverb,” it “would seem to itself be the product of at least two traditionally hierarchical, imperialist societies with an interest in disposing of inconvenient questions.”
. . Wow, you really can't make this up.
Evergreen officially asked "white" students to not show up to campus one day.
Those who protested this decision were told that because their logic is of English and Latin origin, it's racist.
... then why aren't we talking about hotels, where victims are sex trafficked,
and cars, where victims are sex trafficked,
and cash, which facilitates anonymous sex trafficking
and planes, which facilitates international sex trafficking
Why stop at the internet? Let's go after every company on Earth.
/s
I certainly could have tried to sleep more while I was working, but there really wasn't a way for me to personally achieve that. My boss and company were psycho. Lots of unpaid forced overtime, else fired. Lots of meetings and political games to play, else fired.
I wish my skills were desired elsewhere but it's been difficult to find a new job. So, plenty of time for me to sleep.
I definitely am exercising the same amount as I was while working. Sleep changed everything.
EDIT: How on earth is this answer downvotable?
What have I said that is even remotely wrong or controversial?
10 hours' sleep = alert, optimistic, sharp, happy
And the only variable that changed was lengthOfSleep !
This guy spent 40 years of his life going from janitor to branch manager at McDonalds.
He saved up 250k, and then Wells Fargo sold him an investment that (somehow) lost 100% of its value in 2008.
He and his partner then bought an RV and attempted to live off of $1,100 dollars in social security payments.
Which I thought sounded doable, but they apparently really like to work, so they now work entry level jobs at Amazon.
Color me confused and jaded.
It's an absolute shame that Wells Fargo conned this guy into an investment that took this guy's nest egg of 250k! I mean buyer beware and all, but the guy lost 40 years of savings!
There's no reason he should be working at Amazon right now, and neither should his partner who also lost 200k! They should be sitting on the beach enjoying their golden years, not begging for a factory floor job.
Yup sounds like I need to avoid the UK too!
When I was employed, I slept 6 hours per day.
The difference in mood is massive.
However, I'm not sure if the working world will change. It's a zero sum game of who is willing to torture themselves the most, which is sometimes correlated with how much work you produce.
At my past job, it wasn't enough to just produce. You had to /look like/ you were producing. This meant working 8-6. This meant skipping lunch. This meant always sitting at your desk (no walking meetings).
Obvioisly not every employer is like this. But working is a pretty decent way to kill yourself. It happens to most people eventually.
Shipping + getting shit done surprisingly is not that well respected (on aggregate).
What's worse is that he's suggesting you bypass corporate employment all together and just YOLO start a startup.
It's like saying "to be rich, first, make sure you have 5,000 a month coming in. Then, here's how you spend it."
I am currently attempting to monetize one b2b site I have and one b2c. Both have flaws and the going is tough. I am giving it a good effort but I'm not getting the leads/traffic I need to scale revenue.
Even if I do succeed at making just 1k revenue per month, there's no guarantee it will continue to exist even just 5 years from now.
5k per month, with 3k invested into a stock market that averages 7% per year? That feels a bit pie in the sky to me.
But what do I know? I'm just some guy on the internet, not a SF-based millionaire cofounder or digital nomad ^.^
Additionally I can't remember if I hallucinated it, but a lot of lenders have stopped looking at medical debt! Seriously! I read it in a few different places but I don't have official info for you. Lenders would have nobody to lend to if they considered medical debt.
I once had a psycho hospital misbill me using fake insurance codes and etc for routine work. My insurance company refused to pay because of the codes the hospital billed me for. So I said lol I'm not giving you $800 for a free physical. They screamed and shouted that they'll see me at collections.
Three years later and it never showed up on any of my credit reports. Get you some of that!!
Ok, cool. How many people who legitimately set out to do that, actually accomplish that?
>save 3k per month and invest it in ETFs, and you will have 1.5m by age 38
Ok, so if i'm making 5k USD per month, 1k goes to tax, and 1k as you say goes to living, now I'm just barely at 3k. 20 years ago, the market was at a relative nadir. Today it is at an apex, so you will need to time it correctly to achieve 7% yearly gains (!), of which 2% will be lost to inflation.
Given that 0.7% of the world are millionaires, and just 4-5% of the USA are millionaires, I have a sneaking suspicion that it is not so easy to just set up this business and invest everything for 20 years, willy nilly, hey ho presto I'm a millionaire.
Thesd numbers are further compounded by the fact that most money in this country is "old money", which means that those who are rich currently inherited their wealth rather than built a business that generated this wealth for them.
So forgive me if I am a bit skeptical, but I really don't like to see business advice overly simplified so that people will risk their time effort and money to succeed, when failure rates are actually extremely high.
Day trading has a 95% chance of failure. A business has 90%.
If you don't have a product, a team, a funding runway, and aloof competition... then you are going to lose all of your money as an 18 year old startup founder.
To get a job at a startup that has received some funding is a bit of a weird dance.
PG is all about growth and efficiency and hiring people who get shit done technically, because it's grow or die in this business world.
But then the startups spend their time doing beer tests and extended interview cycles and whiteboarding tests?
It seems some of these companies are content to run lifestyle businesses and just enjoy life on the runway.
The financial world lost its collective shit and cut Iceland off from the global credit markets. Iceland doesn't seem to be suffering to me.
And their prisons are nicer than club fed :)
Houses wouldn't be so expensive if nobody had access to credit. Nobody would be betting with 5-7x their yearly income.
Come on man, I don't like to drink and I am a very nice and professional person.
The beer test for social skills is probably worse than whiteboarding obscure algorithms to test technical skills.
Love it, man. Pretty soon I won't have a job anywhere because of some erroneous data Equifax reports in their background check of me.
I guess my principal source of income in the future will be recycling cans!
Law enforcement and governments don't have unlimited resources. Frivolous crimes should not be pursued as vigorously as crimes of violence and physical/financial/corporate victimhood.
Equifax executives are chilling in their house right now. Big Vern is wanted by the feds for loss of fictional assets. Come on, apply the law equally.
53% of prisoners are there for possession of marijuana. Surely you don't want your tax money spent on this victimless crime?
Well, it currently is being spent that way, while many murders go uninvestigated.
You can't retroactively apply the law. Well apparently the government acts like they can. But in my (biased) mind they shouldn't.
I don't really understand what contract there is to legally enforce. Say I send some bits to Big Vern's site. One day, the bits aren't there anymore. If it was a legally incorporated real bank, and my bits represented real dollars or Euros or etc, then I would be fuming pissed and would be suing.
But Big Vern did not run a site with any express guarantees, and I did not send him any legal tender. So we were effectively operating in a legal vacuum.
One time I left my car at a repair shop. All the cars they had in the lot were stolen. The police didn't arrest the shop owner for negligence. They just went and tried to find the thieves.
Identity theft is a crime committed via Internet. It is lazily prosecuted.
Stock fraud ("securities" fraud) is a crime that is also vigorously prosecuted.
Bitcoin and alt coins, just like WoW gold, are not stocks. Therefore how can the state say Big Vern is committing securities fraud, and that we should spend millions of dollars attempting to "bring him to justice"?
EDIT:
Correct, I agree, but this occured in 2014 and would therefore be retroactive application of the law.
From what I remember, we were operating in a complete and total vacuum.
Big Vern's only mistake was being born a US citizen. If he was Russian, he would be a free man.
I will do more digging but I don't know if anyone has gone to the police for WoW gold theft. I'm not sure why WoW gold is treated differently from Bitcoin, which is apparently an honest to god bonafide US security in the eyes of the law.
Re: your point about not always getting caught, then it sounds like we have an unequal application of the law/enforcement problem. Which I suppose is the crux of my entire argument.
Why are we going after Big Vern when there are more pressing crimes to deeply investigate? I even used his exchange and I literally don't care. The coins were numbers to me, not dollars.
Re: Equifax, plenty of suspected criminals are detained for years before any criminality is proven. Just look at all the pre-trial detentions on Rikers Island in NYC.
You have young kids being accused of marijuana possession or etc, suspected trespassing, and then they don't go before a judge for many many months.
Whereas with Equifax, you basically have smoking gun stock trade proof and admissions of guilt.
It can therefore only be true that the reason an interrogation of these Equifax officials has not occured, is because the law/enforcement is being applied unequally.