He is talking about mining bitcoins, not buying bitcoins.
Most bitcoin hash rate comes from places with low energy costs... its just basic economics.
The only reason this arbitrage is present is because the value of bitcoins is higher than the cost to mine them at the moment. Since the capital investment required to setup a (reasonable large)mining farm is rather high, it is unknown if the investment will pay off over the long term. But a lot of people are betting it will.
China. Two strong influences: an idolization of western parenting plus the one child policy. Take your caricature of a dependent US kid and add the pressure and coddling of six parents.
And yet, you’ll see first graders walking alone or in adult free groups to the convenience store during lunch to get something to eat. It’s only really the black Audi crowd that super coddle their children.
My hunanese wife had free reign of the city since elementary school, things are not that different now.
I'm observing a massive decline in children independence in Russia as well compared to the "good old Soviet times" and early (pretty violent though) 90s.
It is a helpless feeling that emerged is the age of kidnappers, organ harvesting etc. Or has nothing really changed since then and it is just that we're exposed to massive amounts of FUD in the new era of mass media?
I think it's a lot more fear, uncertainty/doubt. Kids are most likely to be a victim of crime at home by family members. That's where most abuse happens. The random kidnapping is more in the movies that reality.
Edit: to answer the actual question: I don't think (that's really subjective and I don't have kids) Russia has reached yet the "typical level of overparenting" in the US.
In South Africa you get a mix. Upper middle class and rich driven to school with some parents even walking children into class. Poor and working-class kids catch public transport. They have no other option. Unfortunately, we have a fair amount of violent crime and the result is kids have less freedom to roam.
Good grief; must every thread devolve into “are there any countries [worse] than the US?”
I live in France (I am American) and my 6 year old has walked to the store by himself and his French classmate’s parents think that’s insane. It’s a scandle when my 3 year old plays on playground equipment designed my 6 year olds. I took my kids rock climbing in Chamonix when they were 3 and 4 years old and had them properly harnessed and roped and you would have thunk I pushed them out of an airplane. Our Italian guide was having a great time while the French families were clucking disapproval between bouts of amazement.
I know plenty of UK parents in France that keep their kids on tighter leashes than even the French.
This idea that “American kids are less independent than others” is just nonsense. It’s all situational — a suburban kid might have to walk 3 miles to get to a shop or a school — that’s a much different context than some kid walking in a neighborhood where everything is a block or two away. When I am in Cupertino, I see elementary school kids riding their scooters to school unattended and when I was in Korea, there were plenty of teenagers getting picked up by their parents to walk theee blocks home.
Let’s stop generalizing so much. All of this depends on the relative safety of an area and not the nationalities involved.
I have a cronjob that does a "git fetch" every 5 minutes. That means I never pull. I merge-fastforward, and I rebase. Very satisfied with that workflow.
> Every single holder of USD lost around 1-2% a year to inflation, which is essentially a backdoor tax.
That's only true of cash, and money in checkings accounts. Money deposited in savings accounts yields interest, which (on average) more than compensates for inflation.
What banks have savings accounts that yield that much interest? The average yield on a savings account that I've seen is 0.01%. I've seen some "high yield" accounts that can get you 0.03%.
If you're talking about money market accounts (where I believe you need to park a substantial amount and can't touch the money in the account for something like 10 years, but correct me if I'm wrong), you can get up to 3% yield (just beating the stated inflation of 2%).
You're right. I was just pulling numbers from memory. Still, even those examples are an order of magnitude off from keeping up with 1% to 2% inflation.
That is by no means a fact. Nobody expected war in 1914, and most of the Great Powers did not want war. Franz Ferdinand was a force for moderation in the Austro-Hungarian Empire.
A lot of domino stones had to fall for WWI to happen. By the way, I can recommend "The War that Ended Peace", excellent book about the causes of WWI.
That's not the impression one gets from the popular literature (thriller romances, etc.) of the preceding years. For instance, it is obvious that the English were expecting a naval clash with Germany sooner or later.
What was unexpected was the prolonged slaughter of trench warfare. The previous war of 1870 had been a relatively quick affair ...
Most of the great powers didn't want war, but Germany clearly did. For a single assassination to legitimately trigger a war between Germany and France is silly. It was the trigger, but the tension was already there. They would probably have taken any excuse to go to war.
The EU is a $16.5T economy, most of it on the internet, vastly underserved by internet companies compared to the U.S. Even Facebook was English only until 2008. Big business opportunities are being missed there.
The smorgasbord of languages and cultures makes it harder to target though. But German, French and Spanish markets are big in their own right, especially if you consider you can reach other territories with them as well. (Austria, Switzerland and to some extent eastern Europe with German; Canada and much of connected Africa with French; Phillipines and Latin America with Spanish.)
You won't find many Spanish speakers among the younger generation in the Philippines, and that's your target market. You'd be better off using English or Taglish for the Philippines.
And most of the most appealing-to-business sub-populations in a lot of these countries read english well enough that an English-language product captures a lot of them.
Please, the EU is made up of individual countries with individual languages with individual histories and cultures. Comparing it to the US is ridiculous.
