I'm pretty happy with Youtube TV, which I think is relatively new.

I think with the size they don't have a lot of interest in running "small" businesses even if they have some traction. Something like Stadia was maybe just wholly unprofitable but maybe had some benefits if they developed remote gameplay tech that might be re-used in another product someday or offered as apart of their cloud offerings.

I guess they'll eventually jump in on the upcoming AR war, but it might be hard to beat the offerings from Meta and Apple. Maybe they'll have the Android of AR?

Just looking at the stock perf. They have high trading fees and still lose quite a bit every quarter. They need to figure out their business plan when trading activity is lower, or figure out some way to drive trading activity.

It is hard to compete with ponzi scams while they are running. Maybe they will have a better chance now?

I think they have an excellent chance of being the last one standing. Unless we learn that they have also been operating a scam. If all they do is run a reliable exchange and don't get hacked, as other exchanges fall they'll probably get more business.

But I think if public interest wanes, and crypto sort of becomes this amway for nerds thing, then they'll probably flounder unless they prune back their costs significantly.

I don't. Crypto traders will never learn. They'll continue to see that coinbase has high fees, low volume, and a limited set of coins and they'll continue to use scammy unregulated exchanges. When one dies they'll just switch to the next one. The majority of crypto volume will never be on a centralized US regulated exchange.

Without ponzi schemes they'd have no customers.

It's probably still the best/cheapest way to produce that kind of quality coat, and the input is just whatever you feed them.

I don't want a mink coat but it doesn't surprise me the market is out there. I still have a down coat.

I wasn't necessarily opposed to his call for that. But the whole idea of somehow segmenting the app in a way that would somehow make tiktok better for us seemed kinda impractical. Just ban it or don't. If we ban it someone will make a clone in the west, or IG reels will just take over.

Probably most of the ones exchanging fiat for cryptocurrency. But you can use defi if you want to swap crypto for crypto, and you can always send direct to buy something, although most merchants probably immediately convert to fiat using an exchange.

Maybe they don't do anything super secret there anymore, but the site is still useful as misdirection.

Interesting thoughts. But does this warrant unarmed, senior citizens, to go through the reported abuse?

If you're talking about what happened in the article, we don't know exactly what the probe is about. If the guy truly hasn't done anything illegal then I don't know why they'd bother. I think they are rewarded for convictions.

Coinbase seems like they are doing everything right? They might be the last one standing if they're actually being boring and following the rules.

....at which point the cryptocurrency sphere will be entirely centralized (apart from the very small number of people holding everything in their own wallets).

Yeah. It may just be the best on/off ramp for crypto but but without any real compelling applications for it idk what that's really going to accomplish. You'll still be able to pull crypto out and spend it.

If they are the last ones standing and find a way to run a profitable business, then we may just see more competitors crop up that aren't actually scams. Or maybe existing banks will jump in. Who knows.

Holmes is getting sentenced this week. It took years to get there. This isn't going to happen overnight.

> This isn't going to happen overnight

What isn't going to happen overnight, justice? A fairer world?

I don't think a fairer world is on its way, I wish it was but the powerful won't be held accountable because people simply don't have the power to hold them accountable. We simply don't live in a just world.

Overnight "justice" precludes due-process which is necessary for a fairer world.

Yeah, life isn't fair. I have a wfh job software engineering in my PJs while some people need to spend their lives doing hard labor in the sun.

Holmes is probably going to prison. Idk what's going to happen with SBF, but to prosecute you need evidence and there's a process.

Why did it happen overnight for the programmer that helped create Tornado cash then?

It would be helpful to get the facts straight: https://news.ycombinator.com/item?id=33630936

different legal system. Also check the other reply to you.

Interesting

Uh, they definitely ask you a bunch of questions and you basically need to speak to their leadership principles. Being good at leetcode alone can't get you in, or that's the impression I've gotten from friends who work there. But I suppose it depends.

Also my tech screen was 2 LC hards in 90 minutes. I bounced off of that hard. Their bar might generally be lower but it's not low.

That's a big if at this point. But I agree best to hold your coin yourself until you want to convert. Or maybe the future will bring wide btc adoption.