piqi
You: "It’s a good idea not to own a stock if you can’t read the income statement."
I figured it out! It's your reading comprehension! I was wondering why I had to repeat myself so much in this thread, and why you had been trailing off on tangents away from each point you attempted to pivot around. While ignoring each of your previous statements.
I hope you can sort that out. Wish you the best.
Their previous statement was not clear:
>The loss is nearly as large as their entire revenue
Their initial claim is "Coinbase is piling up losses, it will eventually be bankrupt, and executives will have accumulated billions while customers will lose billions." And saying this is "stealing" from customers.
I haven't been advocating for purchasing the stock. I don't own it.
Regardless, looks like they had positive net income in 2020 & 2021. Coinbase isn't the only business dealing with losses 2022. I still very much disagree with "piling up losses... eventually be bankrupt"
More irrelevant commentary.... COIN doesn't have dividends, and.... yes.... when you sell the stock.... you are no longer a shareholder.... this needed to be said?
> None of them have lost a cent.
Again.... look up the current events. Just today the Treasury secretary said that additional bank failures won't get the special treatment the big depositors got at the failed banks. They should NOT have been insured above 250k.
In your words, you might say the bank STOLE the money from depositors, and the government reimbursed special depositors for their loses. It was NOT stolen, though. The bank was mismanaged. The government should not have covered the loses above 250k per depositor. The big depositors took a risk keeping that much money there.
> the unsecured creditors think they're first in line (bank depositors)
Coinbase isn't a bank, and customers' digital assets aren't bank deposits.
> that sounds like stealing to me!
Welp... You're wrong!
As for real banks, feel free to look up current events on "uninsured deposits" at regional banks. You might say banks are "stealing" deposits from accounts >$250k too!
> ...a loss of $557M on revenue of $605M.
> It’s like selling $5 pancakes that each cost you $10 to make.
$605m - $557m = $48m
$5 - $10 = -$5
Yup... Exactly the same. More false and irrelevant info. At least you're consistent! Keep the FUD flowing!
>Ok, so other exchanges are worse.
Oof... You are really reaching...
>> “Somehow you extrapolate this to ‘all exchanges’”
>You just told me the other exchanges are worse.
pardon me....? Other non-public companies have executives selling stock?
> At the rate Coinbase is piling up losses
Feel free to cite your source.
> Oh, so you agree with me that nobody should use crypto exchanges in the first place. Because they will lose your money.
No, I don't. You buy it on an exchange, and then move it on-chain. Done. That's the point of a centralized exchange with banking connections. You are welcome to leave it there if you'd like, but you have to accept the risks. Go ahead, try to move the goal posts again.
Every comment you make more irrelevant and false points.
I'm aware. This has nothing to do with your point about "stealing" deposits like other exchanges (e.g. FTX), and is irrelevant to stock-based compensation. It contributes nothing to the discussion. More noise to encourage others to feel safe that their bias is well liked.
> Coinbase executives will have enjoyed years of massive pay days selling stock
More irrelevant and false points. The company has only been public since April 2021. Not even two years. You are attempting to frame them as fat cat wall street types purposefully driving the company into the ground at customers' expense.
Somehow you extrapolate this to "all exchanges" when Coinbase is the only publicly-traded exchange.
remember that Coinbase was audited by the SEC before going public, and is one of the oldest exchanges. If any exchange is safe, it's Coinbase. The problem is the SEC doesn't give clear direction.
Anybody that feels the SEC will "protect" them by forcing coinbase into bankruptcy is welcome to move their assets on-chain. Many people advocate for that.
Again, I'm highlighting how lazy and absurd your argument is.
I really wish people put more effort into arguing their side in these discussions. Your point is absurd and lazy.
[public company] pays some % of employee salary in stock >> while "losing money" >> ??? >> customer's property is stolen.
> Did the SEC orchestrate FTX and all the other crypto failures
FTX's problems were amplified by being unregulated, outside the US. The overwhelming majority were not US residents. The SEC didn't have jurisdiction over their International firm. The US version of FTX was handled very differently, but supposedly co-mingled funds. They FAILED to protect US residents by not shutting down the US version. They could have gave warnings about the international firm, instead of working so closely with FTX's founder.
As usual, lots of hand-waving from crypto detractors. You have a clear bias. Sadly, when enough people share a bias, truth and facts are irrelevant. There's a lot to criticize about in crypto. No need to make up irrelevant associations.
HN isn't any different. Possibly worse, since only accounts with a certain level of internet points are permitted to judge others.
Is the purpose to know which of the models OpenAI offers is most suitable for your workload/app? Could I use this to know if the cheaper model is sufficient for a particular use-case?
I've noticed the same. It makes discussion here pointless. It wasn't always like this. Something changed in the last 3-5 years.
It's made worse by how HN functions. Only people with >=500 karma points are permitted to downvote comments. The more active commenters influence the discussion this way. And whatever they don't like / disagree with, they downvote.
I agree with your original point. I don't care for NFTs, but there are artists selling original art via NFTs. Let them. Some made a very good living, considering their country's average wage. If their NFT doesn't sell, it doesn't sell.
Very odd how there are people insisting that artists sell art only in a way that they agree with (prints, commissions, etc). Bizarre behavior...
side-note: I often see Gigachad all over crypto-related threads picking arguments with people. They clearly have an axe to grind. It's best to just ignore them when they show up.
They'll do both.
I expect banks and home builders are careful with how they communicate with customers.
It's less about placing fault on the purchaser. It's more that there is no one else to blame. Never-ending bail-outs only hurt future generations. I wish I went into deep debt to buy a house a lot sooner. I didn't because I knew I couldn't afford it.
Is it really anyone's fault but their own? I don't recall housing being offered as a low/no-risk investment with guaranteed profits. Financial blogs, podcasts, and Reddit commenters might have shared that view.
Are there any examples of mortgage issuers or home builders advertising housing as an investment?
I could ask the same of your original comment. Seems you like hand-waving at grants, and letting the reader come to a conclusion as a way of suggesting there's something nefarious happening. You don't like it when it's used elsewhere.
Typical divisive comment to stir the pot. It could even suggest you are being paid by an enemy of the US to disrupt or discourage/encourage discussion on particular topics. Of course, I'll use your tactic, and not provide any further information on this. I'll leave it up to the reader to wonder.
> blatant USG propaganda
All in the eye of the beholder. Which was your goal of your ambiguous hand-waving.
Roads and bridges were funded by the US government. Really makes you think, huh?!
PBS is funded by the US government. Make of that as you will.
> ...snacks under 50 calories allowed during the rest of the time.
This is not fasting. Even just 20 calories is generally expected to stop the fast. 50 calories would definitely stop the fast.
This post should be flagged/removed.
People mainly use the twitter app. HN is just a website. I'd expect more desktop users from HN.
EDIT: oh I see. It's in the github repo and vercel app.
name visitors
Mobile 778,678
Desktop 101,216
Laptop 47,781
Tablet 16,967
I wonder how that skewed the requests. Do you have data on that? I'm sure there are some % of HN visitors that do the same. Less likely the case for Elon Musk followers. I don't know how you would get 'time on page' data without JS.
> And only after you probe it to do so?
This didn't seem to be the case with any of the screenshots I've seen. Still, I wouldn't want an employee to talk back to a rude customer.
> I cannot understand the outrage about these types of replies.
I'm not particularly outraged. I took the fast.ai courses a couple times since 2017. I'm familiar with what's happening. It's interesting and impressive, but I can see the gears turning. I recognize the limitations.
Microsoft presents it as a chat assistant. It shouldn't attempt to communicate as a human if it doesn't want to be judged that way.
If a colleague at work spoke to me like this frequently, I would strongly consider leaving. If staff at a business spoke like this, I would never use that business again.
Hard to imagine how this type of language wasn't noticed before release.
That's the issue with your statement. I didn't survey "lots of people" and neither did you. I can't find any data to back it up, but I do see a plenty of surveys about breakfast consumption.
I find it very hard to believe people are restricting their calories within 8 hours everyday, naturally just based on the conversations I've had with people. Even in this thread people say they've tried it, and found it to be too difficult.
It's simple: People enjoy eating. People eat when they're bored, because of habit, or socially. No reason to believe they abstain from those things 16 hours a day.
It's not like all of that 16 hours is sleep. On average, more people are getting less than 7 hours of sleep.
https://www.cdc.gov/sleep/data-and-statistics/adults.html
Fasting is not an on/off switch, but too many calories (>10-20) in a short amount of time pushes you out of a fasted state. It's very likely people are snacking or drinking calories within those hours after waking, and before lunch.
Also, some people will often over eat one day, and then under eat the next. This could help get through a 16 hour fast a few days every week. I think those times are usually over represented when self-reporting these habits.
16:8 means if your last calories are before 10PM, you wouldn't eat anything at all until after 2 PM. And this would be every day, not every other day.
12:12 might be more common, but not consistently.
I've had a similar experience. "unhealthy" seems to often be used in place of "not normal."
I don't blame them. Advertising has been pushing "normal" food choices for 100+ years. Social gatherings are focused too much on eating. People are shamed for being "skin and bones."
I've been doing it for more than 10 years. I never get hunger pangs. I don't feel the need to eat something before leaving the house, or stopping at a drive-thru while out. I'm able to make better food choices. It doesn't mean I starve myself, or abstain from eating lunch/dinner with friends. I get all necessary calories for whatever my goals are (ie fat loss, maintenance, or weight gain).
Constant calorie intake from accessible food products designed to sit on store shelves for months should be considered not normal and unhealthy.