assuming those in control are there for meritocracy and are competent and that's why are there, they would have reacted, but no, are there due to their parens/people they know, and bribes.
there "Instant-availability of the secondary market" you're just talking bullshit, there is no such thing, as per your second point so what? do you think pokemon cards people didn't hired "specialists" either? What are those design choices to make them addicted, is a box it opens and that's it. This kind of post is what I hate about NY, people thinking they are so smart, while having quite a narrow/naive/first world view.
you are risking your career and monetary stability, at your 20s too, if you start a company and fail, you risk going homeless and having a huge gap on your cv.
I would like to see a citation for this assertion that, if your company fails, you are at high risk (or higher than normal risk) of homelessness. This doesn't fit with what I know for what puts a person at risk of homelessness.
And there's no gap on your CV. You put down "Worked on launching x startup from X date to Y date. It sold, folded, whatever and I'm looking for a job now."
Thank you in advance if you can come up with a cite.
My understanding is that failing is more of an issue outside the US. In the US, which is where the data is from, I tend to agree with DoreenMichele: Startup failure is fairly easy to recover from. You mostly risk opportunity cost (lost wages, lost promotion periods).
What is career stability now days anyways? Guys working at amazon right now are scared to death everyday they will get fired. I know people who lost jobs at almost every FANG company due to politics.
Not sure the difference anymore of working for the man and losing your job or doing a startup and failing.
can't you just use different names, algF32, algF64, really? is this the end of the world? No wander we have npm packages isEven and isOdd, sometimes you need to get yours hands dirty.
I have used TransferWise, and yes, <1%; however https://revolut.com/ have recently added virtual bank accounts, and currently add no fee for market rate transfers.
i recently used transferwise to convert a bunch of money and it seemed like all in the fees were closer to 0.1% than 1%. I think if you do larger sums of money the fees get cheaper though because the cost to transfer into transferwise is around $20 or something for ACH pull, but the fees for the currency exchange is a slightly worse exchange rate (though still much better than you would get at a bank)
Great that all those exchanges aren't charging any fees and there's no transaction cost for Bitcoin...
I recently did a lot of EUR-USD transfers and have evaluated several options. I came to the same conclusion as other posters here: Services like Transferwise and Currencyfair are all very cheap, and do the job well and without risk.
Going through Bitcoin was not even close to competitive.
Did you at least google Transferwise to see all horror stories of people getting their wires frozen? Really curious of your definition of “without risk”
By that I mean that they are registered and regulated within the EU and other countries they operate in. The people operating the service are known and comply with applicable regulation, so that I can be reasonably confident nothing shady is going on and that I can get legal recourse in case something is wrong.
And no, despite doing some research on Transferwise before using them I didn't run into horror stories of them freezing wires. Transferwise has always been very professional and helpful in interactions with me (more so than my own bank).
Its not a matter if its serious to me. If i see quarter on the street I pick it up because money is money.
Unfortunately all those money-wire services are registered in UK and UK has the most strict KYC rules I think ever existed in free commerce. If you start sending bigger amounts they will shut you down, no matter how much due diligence you provide they just scared of repercussions, just in case.
Thanks for the data point! What’s the spread between BTC and your local currency vs BTC/USD? Is Bitcoin legal in your country? Are there reliable exchanges? What’s the cash-out wait? Thanks in advance!
