jcliff · HackerTrans

3 yıl öncediscuss

On the contrary, it makes a significant difference. Futures have to roll over monthly and there's costs associated with that. Depending on the slope of the futures curve, the costs can be high (10+%). Holding spot bitcoin solves this problem and makes the fund more palatable to advisors and institutions.

jcliff

3 yıl öncediscuss

This 2015 world time map update is an interesting framing of the ongoing Ukraine war.

jcliff

3 yıl öncediscuss

sorry, you're still wrong. currency debasement and bitcoin aren't going anywhere.

jcliff

4 yıl öncediscuss

brokerages need to have cash on hand to loan. they can partner with a bank, or it can come from their own balance sheet or investors, but it's not printed out of thin air.

jcliff

5 yıl öncediscuss

In this thread, cynicism from people salty that they didn't invent or collect cryptopunks or bored apes.

I haven't gotten into nfts myself but to say that they are stupid or a scam now comes across as wishful thinking to cover your butt for missing out.

nfts represent ownership over digital culture, like it or not. digital collectibles. the market will decide whether they are priced like banksys or beanie babies.

While many will be a fad, I'm certain some won't be. Other nfts will be as mundane as an event ticket. It's a wide open field, and I think the HN community should try to keep an open mind.

jcliff

5 yıl öncediscuss

well, a partial list of their investments is here: https://ventures.coinbase.com/

Some major ones aren't included such as CoinSwitch Kuber which Coinbase Ventures recently co-led a $260M round.

jcliff

5 yıl öncediscuss

Something that I don't think is widely appreciated enough is that Coinbase Ventures holds chunks of many of these startups.

jcliff

5 yıl öncediscuss

it's not a blockchain without a consensus algorithm. it's a linked list of hashes.

jcliff

5 yıl öncediscuss

because nonvoting shares still represent economic ownership of the company. for example, they get pro rata dividends if dividends are ever declared.

jcliff

5 yıl öncediscuss

without a way to resolve the canonical version without trusting a singular maintainer, git is not a blockchain. blockchains enforce consensus in a decentralized way, at least public blockchains do or should.

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