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jcliff

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[ my public key: https://keybase.io/jcliff42; my proof: https://keybase.io/jcliff42/sigs/E4oBv4jkzsNz5a9sPRijX3YJnUqHww3Qh8cxRdM5r40 ]

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On the contrary, it makes a significant difference. Futures have to roll over monthly and there's costs associated with that. Depending on the slope of the futures curve, the costs can be high (10+%). Holding spot bitcoin solves this problem and makes the fund more palatable to advisors and institutions.

In this thread, cynicism from people salty that they didn't invent or collect cryptopunks or bored apes.

I haven't gotten into nfts myself but to say that they are stupid or a scam now comes across as wishful thinking to cover your butt for missing out.

nfts represent ownership over digital culture, like it or not. digital collectibles. the market will decide whether they are priced like banksys or beanie babies.

While many will be a fad, I'm certain some won't be. Other nfts will be as mundane as an event ticket. It's a wide open field, and I think the HN community should try to keep an open mind.

Coinbase Cloud 5 years ago

it's not a blockchain without a consensus algorithm. it's a linked list of hashes.

because nonvoting shares still represent economic ownership of the company. for example, they get pro rata dividends if dividends are ever declared.

Coinbase Cloud 5 years ago

without a way to resolve the canonical version without trusting a singular maintainer, git is not a blockchain. blockchains enforce consensus in a decentralized way, at least public blockchains do or should.

a giant head start, brand, trade secrets (hardware and software), strategic supplier & manufacturer relationships, strategic partnerships (app developers & carriers)

This is exactly my thought as well. Not just for institutional money either. This makes it dramatically easier and simpler for retail investors (in both taxable and tax advantaged accounts) to get some exposure to BTC.

Does anyone have any recommendations for incorporating in Nevada? I plan to do business primarily in Nevada and understand that it is also a very business friendly state for incorporating. Unfortunately, clerky.com only handles Deleware corps. I'm currently considering doing it myself, rocketlawyer and legalzoom.