kurtko

Reddit isn't profitable yet but is much larger and keeps its staff relatively small compared to its traffic volume.

Who said the founders/managers were going to lose in aggregate? They may have set aside a nest egg in peak years and not want to dip into that.

Love it. One bit of feedback: 'Order Your Copy' should give me a bit of text before asking me to connect with Facebook - maybe just the basics, price, etc... There just isn't quite enough information for me to take that leap despite it being the immediate call to action on the page. Otherwise: great!

I'm all for AirBNB in NYC and otherwise, but the taxation issue is the real issue. I think other laws/zoning can and should be relaxed to accommodate them, but this is business - they need to pay their taxes to put everyone on a fair footing.

I would buy it as an add-on to my analog glasses at $500, assuming reasonable weight and battery life.

Main Site: Around 2000 IIRC, before it crashed, anyway. This was back in the days of Digg, and less robust hosting. Average is 150-250 at a time, less at night, more during the day.

Micro-Site: We set up an experimental just-for-fun site with a bit of a viral edge and got 1.1 million visitors in one day, mostly from China - it apparently front-paged on a few major sites over there.

Correct, but how certain are you that it will continue to deflate? It has already once lost 90% of its value in a short period after a parabolic rise. Could it not do that again?

If you are sure it will keep going up at this pace, why not take everything you own, sell it, and invest in (or: speculate on) Bitcoin? That's not a rhetorical question.

Personally, given its volatility, it doesn't make much sense to me to hold much in Bitcoin outside of what you plan to spend relatively immediately. It could go up or down by 50% overnight - not a great store of value, either way.

The prices can't stabilize if it is to reach broad adoption. That is the essence of the Catch22 going on here.

> Having enough surplus capital that we can take a three day trip to the Moon seems pretty First World to me.

Today, perhaps, but in retrospect our first manned moon mission probably bdid more for 20th-Century technology than any other single project.

Iteration != innovation, but the two certainly can overlap in a venn diagram.

Don't confuse simplicity with poor design. Or, to rephrase that as a question: what aspect(s) of Reddit do you feel are poorly designed?