bitreality

6 ms·

1.
by bitreality 4y ago
Does it? Bitcoin just says anyone can transact. But that doesn't really solve the problem. The problem is that legal businesses should be able to transact. Illegal businesses should not. Bitcoin just removes all the limitations. B
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by bitreality 4y ago
This is the reality. Payment processing is a utility. Small businesses literally cannot operate online without payment processing. On first glance there appears to be many third party providers, but ultimately they are all processing Vis
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by bitreality 4y ago
Such as what happened in 2018-19? Bitcoin never goes "bankrupt". Bitcoin never ceases to exist. The price can do whatever it wants, but the lower it goes, the more momentum it can build on the way back up.
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by bitreality 5y ago
Most cyber criminals have a script. They don't deviate from the script unless they think they have a potential home run. Even then, going from this to sending out fake mail correspondence... That's a whole different toolbox. 99
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by bitreality 5y ago
They have people voting over 3% tax increases and gay marriage, not surveillance. Doesn't matter who you vote for, every party is in favor of increasing their power.
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by bitreality 5y ago
Another example on how tech giants control the livelihoods of millions of people. They can press one button and put thousands of people out of a job at any time. Workers rights? How about an automated reply and no specific reason for the
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Facebook Digital Identity Solution Concept(reddit.com)
1 points by bitreality 5y ago|0 comments
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by bitreality 5y ago
I assume those data waivers are set up through deals between the telcos and the companies behind those applications. Microsoft certainly has the resources to arrange similar deals, but they seem to have given up on Skype years ago. Absolu
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by bitreality 5y ago
The smoking gun is that labs in Wuhan were studying different coronaviruses in bats at the time the virus emerged. One of those labs was right near the seafood market which had one of the first documented outbreaks. It's all circumsta
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by bitreality 5y ago
Skype for business school case studies on how to destroy a massive lead in video chat and messaging.
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by bitreality 5y ago
The problem is that discussing this hypothesis in any form is often labeled as "offensive" and "racist". The generally accepted theory even in the West is the lab leak was somehow disproved. It's always baffled me,
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by bitreality 5y ago
For that very reason, we cannot accept their narrative at face value. We certainly don't have enough information to confidently eliminate the lab escape theory. The media has largely suggested that the lab escape theory has been dispro
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by bitreality 6y ago
This will be an interesting case study in what happens when a government goes head on against cryptocurrencies. This will lead to some interesting innovation in the space. There are too many cryptocurrency users and believers in India at
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by bitreality 6y ago
Bitcoin is the first successful project which achieved digital scarcity. Scarcity is one of the most important features in assigning value to a particular object. Bitcoin's scarcity is not only proven, but also completely transparent
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by bitreality 6y ago
What is the most hospitable environment? A tide pool? Also the most hospitable environment for genesis is likely different from the most hospitable environment for a complex ecosystem.
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by bitreality 6y ago
This is all possible because China has standardized bank to bank transactions across all banks in the country. It sets the tone for secure P2P transactions at fractions of the cost of a regular Credit Card payment. This allows people to on
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by bitreality 6y ago
Yes, apps like Venmo/CashApp/Zelle have grown massively in the US over the past 2 years. However, there's still limited options for merchants to integrate these payments into ecommerce systems in a way which allows the custo
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by bitreality 6y ago
I have some competitors in the UK who told me that if a single customer pays you from a frauded bank account, your entire bank account is closed permanently, and they investigate with the police. They also assume you are involved in the ill
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by bitreality 6y ago
A major issue here is that payment processors literally choose which industries, and which players will succeed. If your industry is deemed high risk by payment processors, you are fighting a brutal battle to accept customer payments. If
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by bitreality 6y ago
It's two facets. On the one hand, people are definitely buying more essential products. They are also definitely visiting more ecommerce sites. They're bored, online shopping is a thing to do. Most people aren't at the poi
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by bitreality 6y ago
Right but they didn't result in Hilton / Disney having 80-90% revenue drops overnight. This is a very unique contraction. Even in the depths of 2008, DisneyWorld still had a steady flow of visitors, and Hilton hotels across the
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by bitreality 6y ago
I'm not suggesting that people will become quickly reinfected, I'm saying that their immunity will be temporary, such as one or several "infection seasons".
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by bitreality 6y ago
I think you might be looking at USO if you're seeing a $10 USD call price, or another ETF which doesn't actually match the price of 1 barrel = 1 share. There is no way a $10 call is $0.3 USD when the market price is $20+. It sho
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by bitreality 6y ago
Government and industry will want demand to ramp back up, but it's doubtful that will be supported by consumers. I don't think you're going to see an instant rush back to international travel. Same goes for most other indust
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by bitreality 7y ago
Yeah exactly. It's one thing to board up the windows for a day or two, a completely different story to do it for a month+. People get restless and impatient. They start working each other up about perceived ineffectiveness of the lo
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by bitreality 7y ago
The disease has spread in places like Singapore and Thailand, which are warmer in February than most Northern Hemisphere cities are in summer. The notion that everything will just die down come Spring is blindingly optimistic.
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by bitreality 7y ago
You're grossly misinformed. The China outbreak was so strong initially because they had no idea what they were dealing with. The spread and infection is invisible for weeks. There are many people spreading Coronavirus as we speak wi
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by bitreality 7y ago
This is a disease with a high spread rate, medium fatality rate. That's far more of a public threat than low spread rate, high fatality rate. Spread rate is far more relevant than death rate, and to top it off someone can be spreadin
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by bitreality 7y ago
Just wait until it happens on a massive scale, and does not appear to be stopping the spread of the virus. People in the West are going to be tough to keep on lockdown. The entire purpose of lockdowns and quarantines at this point seem to
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by bitreality 7y ago
Here's the thing with Italy. They're the first Western country to get a major outbreak. They're being told to do things and assuming that it will stop the virus. But the truth is, containment does not actually stop the vir

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