From personal experience: Hiring your designer buddy who lives in San Diego while the two other guys in your company lives elsewhere entitles you to pay $800 a year in somewhat unexpected tax, even though you're not selling any services to any CA companies. Yea, jumped in feet first, but really did not enjoy the $800 bill that came with it.
They have ~300 employees. So 33M is not a crazy price to pay. ~110k USD/employee/year. Considering the industry they're in (information and tech) this is totally reasonable.
Otherwise no big deal that it may or may not fit your values to donate to Wikimedia.
I do this for manual buys when I'm doing large purchases/sells. However something I am willing to pay this .25-1% fee on is monthly automated purchases of cryptos for speculative holding.
Because they can get more money faster by selling the mining units. Mining is not a guaranteed return but selling a unit is. Plus large scale mining requires a large capital risk (electricity), that is compounded with the large capital investment into the hardware.
Plus if they have significant BTC reserves (I believe they do) then selling mining equipment strengthens the BTC network and improves the value, maybe, of their current holdings.
"There are two hard problems in Computer Science: naming things, cache invalidation, and off by one errors"
People give up on the naming things because the name they're seeing makes sense to them in that moment and they may not realize how confused they'll be when they come back to the code in 3 months. May be a lack of experience in maintaining "old code" or just part of the programming culture they're in.
I'd wager that uranium (as with all the heavier elements) is spread throughout the solar system as it is forged and spread in stars going supernovae/hypernovae
Yes that may be true, but that also means BTC is essentially in a deflationary period as the buying power of the currency is currently going up with time (unlike most Fiat, which the buying power tends to decrease during an inflationary period) so holding BTC makes sense to a lot of players with it. So there is a bit of an incentive for its use as a speculative instrument.
A lot of the speculative buyers don't really understand how volatile BTC can be and that it is a usable currency.
The reason I say its in a deflationary period (while demonstrably false as more BTC are being produced by miners) is because its BTC / person interested in BTC seems to be decreasing.
If a single entity owned all BTC produced it would be largely worthless. There would also be no speculative value in it as no one would have any horse in the race. The value of BTC is driven by the network of BTC and its ability to be used in transactions as well as a speculative instrument.
Given that, If your question is altered to somehow own all of it while keeping its value, i'd rather the 100B easily liquidated assets over 10B revenue yoy.
Especially with a centralized authority being LO3. I don't get the point of using a blockchain in this case, who is confirming the transacations? What is the incentive for confirmation?
Also if LO3s customers are just buying from the grid, are they paying LO3 on top of what they pay their utility? If so what is the value added by LO3 at all?
They are guaranteeing for that producer their power is purchased at x$/whatever for 20 years. Massively lowers the risk profile for the wind farm, and lets them focus on potentially expanding. Google is basically acting as a subsidizer of renewable energy here. So while yes they rely on the grid, they're a market force for increasing the percent of the power produced on the grid to be renewable.
Every MW produced by the renewable is a MW not needed to be produced by natural gas/coal
I also emphatically suggest D.Knuth's "The Art of Computer Programming". Super dense, not like a sit down and read from cover to cover, but really good set to have around.
Takl is a well funded startup based in the Nashville, TN area whose mission is to make it as easy as possible to hire people on demand to complete small jobs around the house . We're looking for senior and junior ruby on rails guys to help us grow our app. You would be joining a small but growing team and addressing real issues as we scale.
Speaking as a senior dev I spend most of my time in the backend and lot less time in the front if that affects your idea of which side of the full stack you would end up working on the most.
Contact us through the form on the linked site, feel free to mention HN! Junior role applicants use the senior application link just mention you're looking for a junior role.