Hacker News: themihai

New comment by themihai in "Can’t Hear What Actors Are Saying on TV? It’s Not You"

themihai — Mon, 28 Nov 2022 17:23:51 +0000

I find that even worse than cc.

New comment by themihai in "BlockFi files for bankruptcy as FTX fallout spreads"

themihai — Mon, 28 Nov 2022 17:22:25 +0000

Nothing was destroyed. Money was just transferred to smarter guys.

New comment by themihai in "Can’t Hear What Actors Are Saying on TV? It’s Not You"

themihai — Mon, 28 Nov 2022 06:35:36 +0000

No tech can fix incompetence. That being said some say it was just a budget cut(cgi is cheaper if you can't seen anything)

New comment by themihai in "Can’t Hear What Actors Are Saying on TV? It’s Not You"

themihai — Mon, 28 Nov 2022 06:30:08 +0000

So how do you watch international/foreign movies?

New comment by themihai in "FTX Collapse takes toll on the Bahamas"

themihai — Mon, 28 Nov 2022 05:53:43 +0000

Indeed but then people found out they don't care about what's behind the ticker (i.e underlying value) as long as its price goes up. You can find the same behaviour on many stocks as well(i.e $AMC more recently).

New comment by themihai in "Ghana plans to buy oil with gold instead of dollars"

themihai — Mon, 28 Nov 2022 05:51:55 +0000

It's just history(i.e [1] )not conspiracy theories. We are past that. Same thing about surveillance. It used to be "conspiracy theories" but wikileaks and Snowden showed us that the truth is even worse.

[1] https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...

New comment by themihai in "Safety Tests Reveal Tesla FSD Will Hit a Child Mannequin in a Stroller"

themihai — Sun, 27 Nov 2022 17:11:58 +0000

I believe Musk is starting to loose its shine unless gets another rabbit out the hat. The Tesla Bot may be a such attempt but it's a hard sell because it's not really something new(i.e Boston Dynamics have been trying it for decades)

New comment by themihai in "Tom Brady, Giselle Bündchen, Larry David Sued in FTX Class Action Suit"

themihai — Sat, 26 Nov 2022 03:43:29 +0000

But celebrities endorse gambling so how is this any different? Do people really think they are winners if they play online "slot" games?

New comment by themihai in "FTX Collapse takes toll on the Bahamas"

themihai — Sat, 26 Nov 2022 01:30:30 +0000

> Stocks are different because there’s actually an underlying business beyond “waiting for the next guy”.

I agree but this doesn't change the fact that many people don't care about the underlying business and often the stock price and underlying business are disconnected. They just gamble whatever is "hot" or if they think they are smarter they trade the chart. In this way it's no different than crypo "investing". Both can make you rich or get you bankrupt, fast.

New comment by themihai in "Ghana plans to buy oil with gold instead of dollars"

themihai — Fri, 25 Nov 2022 22:10:54 +0000

Some people still live in denial. I can surely see CIA paying a visit to Ghana's officials.

New comment by themihai in "Ghana plans to buy oil with gold instead of dollars"

themihai — Fri, 25 Nov 2022 22:10:23 +0000

Indeed, right? Funny fact: Wikileaks is blocked my ISP (in Europe).

https://en.m.wikipedia.org/wiki/1954_Guatemalan_coup_d%27éta...

New comment by themihai in "FTX Collapse takes toll on the Bahamas"

themihai — Fri, 25 Nov 2022 20:50:55 +0000

cryptocurrencies don't have to be ponzi schemes but most of them are because the crypto "investors" want to get into ponzi schemes.

They don't "believe" in shitcoin's "white paper" but they believe there are more ponzi buyers.

To be fair most retailers do the same with stocks so it's not that different. I don't even mention CFDs where the vast majority lose. Even "analysts" score various instruments based on "demand"/market sentiment not value.

New comment by themihai in "Ghana plans to buy oil with gold instead of dollars"

themihai — Fri, 25 Nov 2022 20:47:02 +0000

But only one entity prints dollars so that's the catch/unfair advantage of the U.S.

New comment by themihai in "Tesla Full Self-Driving Beta is now available to anyone in North America"

themihai — Fri, 25 Nov 2022 16:12:50 +0000

But there should be no death as the beta is not supposed to be used "in production" (i.e without keeping your hands on the wheel)

New comment by themihai in "Ghana plans to buy oil with gold instead of dollars"

themihai — Fri, 25 Nov 2022 16:10:52 +0000

>> The Fed decision wasn't important to energy costs anyway, though.

Of course it was. Rate hiking makes the dollar more expensive for anyone buying dollars(to pay for the oil). Were they dealing with gold they would not have this issue. Not to mention if the buyer is a gold producer.

New comment by themihai in "Ghana plans to buy oil with gold instead of dollars"

themihai — Fri, 25 Nov 2022 15:07:24 +0000

>> Gold is valued in dollars. Oil is valued in dollars.

If a long term contract is signed it protects you from dollar's inflation/volatility as the contract used gold as currency. I think this is important as tomorrow Fed's decision is no longer that important for your energy costs.

The more important part is that if enough contracts are signed in gold(highly unlikely given U.S's oil exports) then the dollar is no longer relevant to the oil price.

New comment by themihai in "Warning – Google suspended GCP services for 'verification', lost my business"

themihai — Fri, 25 Nov 2022 01:06:40 +0000

I think this is to be expected(sooner or later) for small businesses dealing with "big tech".

You are just a small number in an ocean of "users" so suspending you is really no different than suspending your twitter account. Start taking some responsability folks! Let's stop feeding these walled gardens!

New comment by themihai in "Apple went from surely-about-to-collapse to most valuable companies ever"

themihai — Thu, 24 Nov 2022 15:53:08 +0000

So if you hire 6000 people in Ireland you can doge taxes for all the products sold in Europe, right?

New comment by themihai in "Tesla Full Self-Driving Beta is now available to anyone in North America"

themihai — Thu, 24 Nov 2022 12:38:10 +0000

Does this beta has any roadmap to become "stable"? The issue with FSD is the corner cases and I doubt we will see real FSD anytime soon. I would say the beta FSD is the equivalent of an intoxicated driver.

New comment by themihai in "AWS and Blockchain"

themihai — Mon, 21 Nov 2022 14:58:14 +0000

I fail to see any value other than fliping "worthless" coins. The coins fliping is not working great either which is the reason we have binance and ftx. The real value seems to be for money launderying and scam payments though so there is indeed some value. Crypto payments for real businesses is not feasible. I've tried that and the volatility and transaction fees makes them unusuable.