washedup

Amazing work. Simple, easy-to-use code. This must have been quite the effort. It's honestly stunning work. Also, good to see R is still alive and well!

1. Financial Inclusion: Many Africans lack access to traditional banking services. Bitcoin provides an alternative financial system that is accessible to anyone with a smartphone, enabling people to participate in the global economy without needing a bank account.

2. Remittances: Bitcoin facilitates cheaper and faster international remittances. Traditional remittance services often charge high fees and take several days to process. Bitcoin transactions are generally quicker and can be less expensive, helping migrants send money back home more efficiently.

3. Inflation Hedge: In countries with high inflation rates and unstable currencies, Bitcoin can serve as a store of value. People can convert their local currency to Bitcoin to protect their savings from devaluation.

4. Reverse Income Inequality: Income inequality is often tied with inflation. A hard asset like Bitcoin would help to distribute some wealth.

For all of these reasons, many Africans are already investing in Bitcoin. Bitcoin as a capital asset will help fund infrastructure/education etc

Bitcoin is the fastest path. I will spend the time explaining if someone asks for it.

I think this gets to a larger national economic issue: things aren’t great for most people, and when things get really bad, you move somewhere nice.

The many programs developed to tackle homelessness have been built around specific budgets/goals/KPIs, and are not able to handle the continuous migration of people with nowhere to go, and inherently political. I’m sure most politicians mean well.

Sure, migration trends, especially for CA say otherwise.. but there is a large swath of people that governing bodies are bad at tracking.

TLDR: another example of poorly designed government intervention due to misunderstanding of the dynamics behind the process (homelessness)

This is extremely simplifying the nuance, but imagine there are two traders who want to buy what a single trader is willing to sell at a given price? Well, the first one to get to the exchange and "lift the offer" will get the price, while the second trader will have to pay a higher price.

So happy this game keeps growing.

Awesome thanks

When available? Trying to update on Switch now and says I am up-to-date with 1.5.8

Happens every bull market.

Overall, although there is certainly AI hype, this article is rather meaningless.

A big part of the idea is the have a plane the models what humans will eventually use, so that any test results they get can more easily translate to eventual human-carrying flights. It's not a mistake that the speed, weight, and shape closely match what fighter pilots train in.

Doesn't matter, it's done now. If anything it just shows SEC ineffectiveness. They will continue to exist however.

This comment shows a lot of ignorance. An ETF is just a "wrapper" for an Underlying Asset. Bitcoin is still decentralized as ever, and will continue to be. This approval just makes it easier for larger financial institutes to access it without having to worry about becoming a custodian, and will likely drive the price up a bit over the next many years.

Bigger picture, the USA has just given Bitcoin the greenlight, and this will have big fiscal and geopolitical implications in 10-20 years.

Liking this post, thanks for sharing.

Really glad to see this rebuttal. I understand the sentiment behind the post from the other day, and most days when I look at the repos I work on, I feel the same way, but it just isn't true in a general sense. We write code because it is _bottom-line_, valuable as fuck. It really boils down to: time is the most expensive asset around.

This debate does bring up a very interesting thing though: At what point do you ditch the old code and re-write the whole damn thing? (I am currently struggling with this)

I suspect a large portion is to escape a health crisis, such as terminal illness or impending dementia. Mixed with skyrocketing healthcare costs, this also might be a way to bow out to not leave your family indebted with crazy bills.

Older post: https://news.ycombinator.com/item?id=37991121

More socialized loses for Americans. Socialism for corporations continues to run strong.