There's much more silver owned by investors than there is physical silver in the world.
It's the same idea: you have a synthetic version of an asset trading for the same price of the real asset. If people start demanding the real asset, there isn't enough of it to go around and prices start to rise.
Not saying that's what's going to happen, but it's not absurd.
Cryptocurrencies are not a scam. Doubly double End. This is very simple.
But seriously, sure some people just push blockchain stuff to get money from investors. But I can buy drugs using Bitcoin. I can't buy drugs using git. So there's probably a difference between them.
I always think of the story on HN about the guy who bought back his startup from the VCs for $1 after it "failed" and he went and ran it without the same expectations, and it is doing just fine.
Agree with the general point, but the guy burned 8 million dollars in investor money to get to the point where the business is "just fine". It's not really a good example IMO.
He bought a falling company from himself and his cousins for almost 3 billion, plus the company had 3 billion in debt. The deal resulted in him getting half a billion more in tsla stock.
Tesla's market cap in June 2016 was 35 billion. It's 43 billion now. That's not that much value created. The S&P went up almost 50 percent in that time.
It's all besides the point anyway, since many shareholders sold their shares because of this fraud. They don't care what he's doing now, they just want their money back.
It's in everyone's best interest to have checks on self dealing CEOs. If people can't trust public companies to behave, the whole system breaks down.
I wasn't implying it's your fault, just saying that it's weird to, say, get mad at Walmart when they put up extra security measures in places where they constantly get robbed.
I understand your frustration, but the problem isn't that it's far away geographically, it's that your country is allowing criminals to use your IPs to do bad stuff.
In recent years, the price of solar panel technology has been driven down, but the cost of labor and installation hasn’t. As the framework technologies go out of date within a 25-year period, individuals and companies are facing larger costs when they are required replace both the framework system and the panels themselves every 25-30 years in order to install entirely new systems.
In contrast, the authors write that replacing panels more often with newer and more advanced models would allow cross-compatibility between the panels and the system, allowing the framework itself to remain the same while new panels are popped on and off.
So even though the installation and replacement labor is what's expensive, they assume that some kind of cross compatibility will appear, and it will be cheaper? Seems like quite a leap.
If you upgrade your reminders on your iPhone with iOS 13, your iPad and Mac using the same iCloud account can’t access your reminders until iPadOS and macOS 10.15 Catalina are available.
You gotta love Applespeak. "Earlier versions" means all available versions.
Absolutely. Traditionally the move for a company in this situation might be to replace the CEO if they plan to raise public money and he has a history of bad behaviour.
In WeWork's case it's probably impossible to remove him both legally and because the whole company is built around his personality cult.
There are millions of poorly run shady businesses, it's a problem that takes care of itself if you don't have infinite money coming in.
Not sure that it's a problem now though. Like Matt Levine suggested[0], WeWork did a lot of weird shit when they were private, but now they want public money, they need to behave more like a responsible company. It's kind of what's supposed to happen because of the disclosure, it's just that most of the time companies take care of governance issues before the S-1.
Will not memoize results that equal 0 or an empty string.
I guess it goes to show that copying answers from stack overflow might not be the best idea, whether it's done manually or using ML.