Nothing says "stay away from those areas" like walking near the equivalent in Frankfurt, seeing two big scary dudes try to "encourage" me to go into a strip club, and me walking away as quickly as possible in the rain from the whole thing.
Somebody noted that for a few blue checks, it becomes a problem, especially if you're a major corporation that can't use Twitter for customer service DMs...
There's money to be made here, and I suspect a few of them presume that BTC is a safe way of moving money around without attracting government attention to their generally illegal in most countries activities. And a few of them may be looking for long-term savings or an escape once they're "done".
It's weird given that BlueSky was invite only, so there weren't that many of them in the first place. I would have figured that BlueSky types were lefty Twitter types who fled because they wanted the old pre-Musk Twitter back.
So BS didn't seem like the place to attract and advertise for future business. Here, OTOH...
Touché.
I was told that Germans are hard working.
This seems like a lie. :-p
I guess some of the BTC nerds just wanted to make money so they could spend more on women.
Me: wait, free houses and you’re not trying to rent them out for income?
It seems so weird to me especially since I work with people who would kill for that opportunity to play landlord.
It’s hard to change a class structure where we no longer view vocational work as “work for people too stupid to go to college”, and view them as equals with some sense of noblesse oblige. It’s the counterpoint of the entire American dream concept.
It also doesn’t help that the stereotype is of some guy that gets hurt on the job, is hilariously broke, and ends up addicted to painkillers at 45 and unemployable at 55. The white collar guys just don’t live a rough life to the same degree which matters in a country with crap for workers rights.
The secret problem is that vocation training is seen as the dumping ground for dumb or disruptive students and even that’s hilariously underfunded. So nobody wants to be bothered with it.
Allegedly Siemens had to do something similar because their plant in CA couldn’t find anyone who had the skills needed to build light rail cars/Stadtbahnwagens for the US market.
Are these people independently wealthy, or are they in need of high housing prices in order to actually be wealthy and fuel their dreams of living full time in Majorca?
In contrast, in NY, the property taxes around here basically encourage selling or at minimum trying to rent out the property. $15K on top of your own home's costs just screams "sell or rent". Even the sole inheritors would consider renting it out because RE is seen as the short cut to wealth compared to the markets which require some degree of intelligence to figure out if you do anything more complicated than "buy index funds and wait 25 years".
"While, yes, interest rates are high, the lack of any alternatives ensures that you will overpay me for this house. My overpriced car is also available if you wish."
Wow. To think, my feed at this place is just you and everybody mentioning BTC 24/7...
As I’ve noted elsewhere, the appeal of Cuban communism makes sense because people see basic needs being met by a government that’s antagonistic toward the US and basically overthrew rich white landlords and businesses owners. It’s a feel good story if your focus on the lowest end of the population and compare it with say Haiti where the poor don’t eat, and have limited access to schools and health care. It’s looks less appealing compared to the DR or even the rest of the Caribbean that managed to raise standards of living as well.
What’s the likelihood of a transaction escaping the attention of taxing authorities using BTC versus cash?
If it’s more likely, your plumber may prefer fiat.
As in “if you do some work and install a modern heat pump, it can cool your home” or “turning down the temperature turns on the wicked evil air conditioning mode?”
NYS is weird in that civil servants can't strike, but some of their titles are relatively rigid in terms of duties and such, so shifting workers becomes a drawn out part of the collective bargaining agreement. Of course, if your union is run by corrupt people that do the bare minimum, the nature of the negotiations may become easier for management...