If they were rich before cryptocurrencies, they shouldn't care (unless they unwisely bet the farm on it); and if they're rich because of cryptocurrencies, no one else should care, because if cryptocurrencies crash, they wouldn't be rich anymore.
562 karma · joined December 29, 2020
If they were rich before cryptocurrencies, they shouldn't care (unless they unwisely bet the farm on it); and if they're rich because of cryptocurrencies, no one else should care, because if cryptocurrencies crash, they wouldn't be rich anymore.
That seems like a stretch. Most people wouldn't care, and the institutions that own it haven't bet that heavily on it. It's a fear-of-missing-out trade for the most part.
By reducing the cost of anything and everything that startups spend money on.
(And for the largest item in many budgets, namely employee costs... in the presence of an adequate social safety net, cash-strapped startups could pay employees in equity rather than cash, and they could stick around for as long as they thought it might be worth something in the end).
Somewhat separately, what struck me from the article is that Zhu's controversial moves generally didn't involve bad business decisions, but rather failing to impress investors at a moment when the company needed the money. It would be better if that need for money were reduced, and we could all see how this type of experimental style turns out.
Tutorials should focus on getting money, not sending it out, if they want to get people's interest.
At the extreme, if starting a company only requires pocket change, then nobody (society, investors, or anyone else) has much to lose in letting an unproven founder do their thing.
I'm not visually impaired, just in need of bifocals; I zoom HN to 150% and it works fine.
But I am kinda surprised when I turn the zoom off. Even 25 years ago that text would have looked small to me.
What some intrepid manufacturer should do is create custom diamonds that are actually more expensive than natural diamonds, with some subtle structure that cannot be found in nature. That solves the problem of immoral sourcing, and better suits the purpose of displaying wealth.
Even if the person displaying a luxury artifact agrees that some other artifact is equivalent, if the people they're displaying it to don't also agree, then there is a difference that's relevant to the purpose of the artifact, which is to advertise your wealth.
Though the topic at hand is diamonds, which are strongly associated with wedding proposals, this principle applies equally to sports cars, guitars, etc.
There are a lot of cultural factors involved in believing a seemingly pointless exercise like matching squares is worth doing. You have to believe that something good can come out of it in general; and you have to believe that something good can come out of it specifically for yourself.
It says something that someone as lazy as myself will actually hop out of Google's flow and perform a manual step to go Yahoo Finance.
It's not just that, you actually can't avoid them. If you write software and are walking someplace in a commercial part of San Francisco, basically every conversation you overhear is one you could immediately join in on.
Breaking up the clump is probably healthy for everyone involved.
It sounds like the parent poster's relations have freely chosen to delegate their technology management to him or her, and in turn the poster is comfortable delegating that to Apple and their walled garden. If Apple is selling safety, security, and control, and people are buying it, what's the issue?
Potentially the issue is a lack of competition in the market when there are too few options; but it sounds like you're saying that no one should prefer a walled garden option at all.
(original): Given how well-written the rest of the article is, I have to believe that's deliberate.
Having some other activity involved (having a drink or otherwise) lowers the stakes when interacting with new people.