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A comment on Coinbase lays off around 1,100 employees. Parent comment

Re:Coinbase lays off around 1,100 employees by halfmatthalfcat on Tuesday June 14, 2022 @02:14PM (#31743559)
Why stop at $100M? Why can't $1M be the most?
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Re:Coinbase lays off around 1,100 employees by FabHK on Tuesday June 14, 2022 @03:07PM (#31744427)
Why can you only vote/have sex/drink/gamble when you're 18 yrs? Why not at 12, why not at 30?

The fact that there is a gray zone does not mean that no border must be drawn.

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Re:Coinbase lays off around 1,100 employees by cute_boi on Tuesday June 14, 2022 @03:18PM (#31744604)
Well, there should be some objective parameters to determine such things.

We can't vote/sex/drink/gamble because it is assumed that young people sucks. Maybe looking at the statistics government decided 18 years is good? I think if 12 year old can pass driving test then they should be allowed to drive. If 30 years can't pass, they must not be allowed to drive.

So, how about we find objective paramters to determine what should be the best border to determine the elites? May be it is 100x minimum_salary? There are plenty of option I guess.

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Re:Coinbase lays off around 1,100 employees by dlp211 on Tuesday June 14, 2022 @03:42PM (#31744967)
You know it's this kind of stuff that actually makes the tax code so complicated, but because you insist:

An amount of wealth that would provide you a top %0.1 lifestyle if you were to retire today based on a standard 60/40 portfolio (to be adjusted every N years to reflect new data) and actuary tables.

It doesn't have to be this exact policy, but this isn't hard to think something like this up.

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Re:Coinbase lays off around 1,100 employees by randomhodler84 on Tuesday June 14, 2022 @02:47PM (#31744092)
A) inflation b) try to buy a house for 1M in a hcol place. Why would you set the max wealth less than that of a house, something that most humans have been able to own for most of human history, now out of reach for a generation.

You need to realize that absolute numbers are meaningless, they are all relative to costs and inflation. Trying to lock down fiat absolutes is a moving target.

What is a realistic wealth limit for BTC, out of 21M?

Should nobody own more than 1/21Mth the Bitcoin? Less? More?

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Re:Coinbase lays off around 1,100 employees by iLoveOncall on Tuesday June 14, 2022 @02:23PM (#31743711)
Because nobody wants to be living in 1970's China?
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Re:Coinbase lays off around 1,100 employees by ipnon on Tuesday June 14, 2022 @02:23PM (#31743702)
"Probably" seems the key word here. Many people have a slight preference for a policy with wide ranging ramifications. It's better to be unconvicted on matters that are inconsequential, like whether tea or coffee is the superior beverage.
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Re:Coinbase lays off around 1,100 employees by sokoloff on Tuesday June 14, 2022 @02:29PM (#31743803)
Because that provides ~$40K/yr in income during retirement. That seems like...way not enough to hold out as the absolute maximum.
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Re:Coinbase lays off around 1,100 employees by memish on Tuesday June 14, 2022 @02:55PM (#31744234)
Why can't $100,000?
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