tryingagainbro

Gold just sits on a vault--which is a great thing for rich people to use a small % of their wealth for. Just in case. Gold has other uses and a 5000+ year history. Compare it to hundreds of coins out there

Comment · 9 years ago

Missed my point: First it is only fair. You cause problem for our Google and Facebook expect the same. That's fairness and economic patriotism. Not to mention that Google and Facebook "own" or can own US Congress and Senate. Hearings will start in days.

I believe that in authoritarian regimes you have ZERO choice or recourse. See Russia or Al-Waleed in Saudi Arabia. They will simply shut you down, break you in a gazillion pieces.

In USA you have courts at least. Have you noticed that Google is pushing encryption all over the web to make NSA's job harder or impossible? Let Alibaba or TenCent help thwarting FSB or China's security services

Comment · 9 years ago

I think the headline is right. Any bitcoin owners best transfer to me whatever they have, just in case.

In all seriousness: The govt wants its taxes. We're talking HUNDREDS of billions now in coin value, not millions. Sure they are traceable, but at what cost? They can't pay $100K in fees to run blockchain audits to see if what you declared was correct or not...

USA has made virtually every bank in the world spend gazillions to report every account opened by a US person, Bitcoin is probably a walk in the park compared to that.

Comment · 9 years ago

Well it worked for them, they're worth at least $50B (Softbank wants to buy shares at that price.)

They might have to pay a few billion in fines or damages but that's all. New CEO will apologize and we'll forget it. And that is because they got caught...

Not defending them, just saying in many cases these tactics work.

Comment · 9 years ago

Not gonna happen IMO. If they start to succeed, expect stories of how everything is being spied on by the Chinese govt. Which is a legitimate concern.

No Google or FB in China, no TenCent in USA either...

Comment · 9 years ago

https://en.wikipedia.org/wiki/Tencent $500+ BILLION market cap, and stakes in a lot of top companies. Imagine if they truly entered the US /EU market

Comment · 9 years ago

Yes...eventually. Not the first obviously. Accidents do happen but like airplane crashes the self-driving ones will hit the news, ignoring the xxxx driver car accidents that week /month...

Comment · 9 years ago

>>Profs are peaking at under $200k, the vast majority well under $100k. Contrast that with Comms directors making $250k.

Comms directors provide more immediate returns, namely fundraising and spinning. However, top professors can write their ticket just to say they're there and earn a fortune on the side.

Comment · 9 years ago

Who knows, maybe they'll end up doing a different #3, put the cash in their pocket, while creators get paid with funny money. Lotsa scams as people try to catch the next bitcoin

Comment · 9 years ago

Or, pay them $25 an hour and no one will complain.

Comment · 9 years ago

>>I found staff asleep on their feet, exhausted from toiling for up to 55 hours a week.

What's brutal is their salary, £8.2 an hour, but 55 hours in the busiest season is called brutal? Please.

Comment · 9 years ago

Gawker (apparently) said that Thiel was gay. That's not defamation, it's a fact, so you can't sue.