blockyhead

7 ms·

1.
by blockyhead 6y ago
How long can you continue to spend more each month than you make? I don't fully trust that story. Maybe many of the people who have "no savings" have a mortgage to pay off? Technically they have a debt and all spare money goe
2.
by blockyhead 6y ago
What are your monthly costs of living? Where do you get your money from? I would expect 1000$ is a common cost of living for a month, so that would be "one month of living expenses". If you can live for less money, perhaps it is y
3.
by blockyhead 6y ago
We are talking about people with internet access, not some rural farmers in the third world. Nobody says those rural farmers should embark on an emoji project.
4.
by blockyhead 6y ago
He spent it on a project that would potentially earn him more money. Perhaps that you can not understand it is part of the reason why you can't afford it.
5.
by blockyhead 6y ago
1200$, which were not squandered but invested. You should do something about your financial situation if that seems like a lot of money to you. Edit: how is it controversial that if you are poor, you should try to do something about it? To
6.
by blockyhead 6y ago
Yes there is. If it is decentralized (properly), you can't be canceled or locked out of your account, you can trade your good at any time.
7.
by blockyhead 6y ago
Ripple has issues, iirc. It is not "the" solution yet.
8.
by blockyhead 6y ago
Why does it end with the retail investor as a loser. For example the neighbors whose homes are being bought probably make good money. And if you are convinced it is a bad time for retail investors, don't invest. What alternative do you
9.
by blockyhead 6y ago
It's crazy to me to demand education should not cost anything. Competition is a good thing and the best way to drive prices down. Just because bad actors defraud their clients, doesn't mean all business should be outlawed.
10.
by blockyhead 6y ago
You know, if you could come up with a better way to implement it, you could become a billionaire. But maybe you already are, everything is possible on HN.
11.
by blockyhead 6y ago
My other reply was flagged (no criticism of socialism on HN, oh no). I wanted to add: As Wikipedia says, Socialism wants "social ownership", they want to do away with private property. That was the origin of the discussion. Since
12.
by blockyhead 6y ago
Not when the government is printing it by the trillions.
13.
by blockyhead 6y ago
Because people want to live in the city. I bet you can find really cheap houses in the countryside. Iirc A couple of days ago there was even a post up on HN that listed places where the government would give you land for free, and I think a
14.
by blockyhead 6y ago
He really did write "The answer is nobody knows"? Blockchains are not that hard to understand. So he plainly admits he doesn't know what he is talking about?
15.
by blockyhead 6y ago
The greatest irony here is that protection against socialist ideologues like the author of this article is one of the main motivations for using cryptocurrencies. Maybe if they would fix their ideology, people wouldn't have to resort t
16.
by blockyhead 6y ago
Right alongside with giving computers more than 16K RAM.