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tootahe45

500 karma · joined July 24, 2018

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tootahe45··on Min wage would be $44 / hour if it had grown at same rate as Wall Street bonuses
Beware a lot of shady employment practices going on in the low-wage sector of NZ, always people getting busted for paying lower than min wage to foreigners. I've personally never seen a kiwi working at either Subway in my city, and i get it quite often.
tootahe45··on SEC Charges 1inMM Capital, LLC with Operating a $690M Ponzi Scheme
In 2020-1 we've seen people making 100%+ returns on ridiculous investments everywhere, so i can see how certain people are falling for to-good-to-be-true schemes.
tootahe45··on Loot boxes linked to problem gambling in new research
> Does anyone know of any casino-gaming companies innovating in this space like tech?

Cryptocurrency exchanges are the new casinos, and to some extent apps like robin-hood.

tootahe45··on UK finds 30 blood clot cases after AstraZeneca jab
I think 'Trust the soyence bro' and labeling anything negative about vaccines a conspiracy theory is probably what convinces people on the fence to become anti vaxxers.
tootahe45··on Testing a few new designs that don't show the public dislike count
This is also prevalent on those very scripted SNL-type 'comedy' channels that always make it to the front page, or vaccine safety videos (YouTube keeps showing me these videos of black people taking/administering vaccines in a propagandized way because they think I'm an African-American antivaxxer?). What's strange is these channels will have millions of subs but very few views, always with about 6:1 downvote:upvote.
tootahe45··on Weird Twitter army of Amazon drones cheerfully defending warehouse work (2018)
Fake astroturfing can be pretty effective, IIRC a tech bro had a bunch of fake Russian twitter accounts follow a republican candidate which generated significant fake news about this candidate being helped by Russia.
tootahe45··on PayPal launches crypto checkout service
Transfers in and out would cause huge source-of-funds type compliance issues and fraud problems, as well as support tickets from users setting the wrong fees and getting scammed. They would've bought something like Bitpay long ago if people cared to transact in crypto. The reality is 99% are happy just to store it on paypal,coinbase, etc and be charged exorbitant fees and hope the price goes up.
tootahe45··on PayPal launches crypto checkout service
So in addition to fleecing me on USD -> AUD with a rip-off exchange rate, they're adding an extra step for users of their fake BTC as well. But really multiple steps because you have to actually buy the fake BTC through PP first. The funny part is that no transaction take place on the blockchain, the BTC is just held at a third-party custodian. This is what VISA is planning too i think.

ThIs iS AdOptIoN gUyS

tootahe45··on Visa Plans to Enable Bitcoin Payments at 70M Merchants
A store of value is meant to be weak compared to risk assets, not up or down 20% in a day.
tootahe45··on Visa Plans to Enable Bitcoin Payments at 70M Merchants
> Is bitcoin's value negatively affected by difficulty cashing out

If people can't sell isn't that positive for the price? The whole 'hodl' thing is to stop people cashing out. Since crypto has no inherent value, the price is reliant on more people cashing in than out.

tootahe45··on Understanding Coinbase
> I've been using a bitcoin debit card for years.

AKA being overcharged to spend fiat.

tootahe45··on Why would anyone spend millions on what's essentially a link to a JPEG file?
As someone who lost $5m ether in a boating accident, being able to sell a random jpg to an anonymous entity for $5m ether has been a life saver.
tootahe45··on Understanding Coinbase
My take is that needing on/offramps proves crypto (and coinbase) is nothing but a huge casino at this point. I've been involved for 7 years and i still can't spend my crpto directly or without some serious gymnastics involved. So tired of people saying the tech is new, 'we are early adopters', etc. I'm personally steering clear of coinbase if they go public.
tootahe45··on Understanding Coinbase
You can redeem stable-coins like True USD or PAX to a US bank account after passing KYC, with 1 token=1 USD. You can redeem up to 60k/day on PAXOS for a $20 flat fee per redemption, on tier 1 KYC.

It also works the other way, so they are an on-ramp, just with a slightly higher fee. However i wouldn't 100% rely on these regulated stable coins as an off-ramp if the crypto market implodes and everybody runs for the exit.

tootahe45··on Understanding Coinbase
The only promise of bisq is to be woken up at 6am one day with police kicking down your door. That's where criminals go to offload their non-privacy coins for Monero and to drain grandma's bank account.
tootahe45··on The puzzle of Europe
Presumably you'd have a healthcare plan of some sort, one which politicians have mandated over the years to cover practically everything. You might also keep some savings for this thanks to the fear mongering on MSM, whereas it would be rare to do so in a free healthcare country.
tootahe45··on The puzzle of Europe
> every inhabitant of a country is entitled to that excellent healthcare

This isn't always true..

In some of these free healthcare countries you can be SOL if you get cancer or a rare condition and don't have money for the latest treatments. Here in New Zealand the wait times are so long that a lot of people just pay for private surgery/screening. My father for example was out of work for almost a year waiting for a hip operation, he irrationally thought he was getting a good deal having it publicly funded.

tootahe45··on Twitter's Dorsey auctions first ever tweet as digital memorabilia
Gotta be rewarded for your crypto price-boosting tweets somehow. Directly buying and selling btc would be too obvious, just get some anonymous entity to do it for you, then pay you via your silly blockchain artworks.
tootahe45··on $500 a month, no strings attached, to fight poverty worked
Just market it as a billionaire tax to get support, then actually tax the middle class. Works every time, and looks like they're doing this right now.
tootahe45··on Bitcoin Is Time
I'm pretty sure it's primarily poor people buying into crypto, not tech workers. Go to r/cryptocurrency and read the posts, does it look like HN (primarily tech people)? are there any technical discussions, or is it just full of get-rich-quick hopers?

hint: posts mostly consist of "<famous guy> tweeted about <my favourite shitcoin>, this is good for the price of <my favourite shitcoin>".

tootahe45··on $38M USD moved for half a penny
This must be the 4th time ive seen this app linked here and every time i go to use it THERE IS NO WORKING PRODUCT THAT I CAN USE. Also the hipster tone from the founder of this app makes me cringe every time because it seems very forced.
tootahe45··on Despite a steadily slipping market share, Firefox is snappy and feature-forward
But that 49% is constantly being victimized by big tech. Politics aside, there's money to be made targeting products to this group. (For a company with competent devs ofc, don't need another Parler disaster.)
tootahe45··on Protest note about user privacy changes by Reddit
My experience on mobile is that after viewing a subreddit a number of times on chrome it just blocks you and forces you to download the app to view any posts at all. This can be bypassed by using old.reddit.com url.
tootahe45··on Despite a steadily slipping market share, Firefox is snappy and feature-forward
I feel like they could take an anti-censorship, pro-privacy stance and target the 49% that is being de-platformed. Could partner with the Ben Shapirbros of YT getting millions of followers to download Firefox to avoid 'socialist google'. Maybe fund a decentralized, privacy-focused social network/messaging app. Maybe jump on the crypto hype train.

Mozilla's lameness is really the result of privilege and possibly a lack of incentives. When execs get 10m/yr for writing blogs about sexual socialism and BLM, why innovate?

tootahe45··on Hundreds of workers at cybersecurity agency vote to strike
Smart people don't use force to get paid. They usually obtain a pay rise through offering a better product,not through extortion scams (public sector workers striking).
tootahe45··on BitcoinPaperWallet ‘Back Door’ Responsible for Millions in Missing Funds
Are you sure you didn't use bitaddress.org? that was the popular one IIRC and my funds are still safe after using that.
tootahe45··on Bitfinex and Tether required to end all trading activity with New Yorkers
A 145m sell just sent BTC down 13k. It's not so easy to just sell your ~30b worth of buttcoin.

If anything it's shocking that "we checked and it's all fraud" is seen as a win for crypto.

tootahe45··on Male balding is a major risk factor for severe Covid-19
Last time i checked you need a specific gene for your testosterone and dihydro-testosterone to cause baldness. So a full-head could have higher T levels and more hair. Balding MTF transgenders do often regain significant ground once they decrease T levels.
tootahe45··on Male balding is a major risk factor for severe Covid-19
There was also one where balding people got far fewer matches, so makes sense.
tootahe45··on 270 Addresses are responsible for 55% of all cryptocurrency money laundering
Network effects. If you're a darkweb seller you know most people want to send BTC they purchased straight from a KYC'd exchange, this is preferable as any extra friction is bad for business. You would lose 70% of your customers if you only accepted monero, which has been delisted from any exchange with a fiat gateway. You can always switch the funds into Monero later on anyway to save your own privacy. Your customers being pwned for using non-privacy coins doesn't matter, so long as they only lead back to your darkweb nickname.
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