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I think they skipped the part where they pay great rates.
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Jan 7, 2016 21:20
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I should maybe have used "decent" instead, yeah.
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Jan 7, 2016 21:22
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Shipon posted:"Behaving like human beings" = code word for white drivers, because that's the main reason people hate taxis.
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Jan 7, 2016 21:26
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Shipon posted:"Behaving like human beings" = code word for white drivers, because that's the main reason people hate taxis. This is the dumbest SJW thing ever, and that's coming from someone who does some SJW dumb stuff.
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Jan 7, 2016 21:57
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Mojo Threepwood posted:Yeah, one of my friends used to work at an all season resort in Donnelly, Idaho, and I can't imagine what work a cubicle dweller in their early 30s could find in that small town to enable them to enjoy the resort whenever they pleased. My friend was working there in the summer building trails while finishing an accounting degree, and his accounts of illiterate coworkers and getting his foot crushed by a boulder make it seem like a young man's game.
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Jan 7, 2016 22:07
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overdesigned posted:I should maybe have used "decent" instead, yeah. If a lot of broke people weren't still having extreme difficulty finding jobs that actually pay decent wages, there wouldn't be nearly as much of a base for Uber to draw employees from.
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Jan 8, 2016 00:48
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Top Bunk Wanker posted:If a lot of broke people weren't still having extreme difficulty finding jobs that actually pay decent wages, there wouldn't be nearly as much of a base for Uber to draw employees from. There's something special about people running uber with a leased or financed car. It's so BWM.
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Jan 8, 2016 01:21
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cowofwar posted:There's something special about people running uber with a leased or financed car. It's so BWM. Or desperate/gullible, both of which are tragic. pathetic little tramp posted:A series of 3 podcasts about how loving stupid the "sharing economy" is: The most honest moment is when he begins emotionally melting down early in the second episode from how bullshit the entire "sharing economy" is. His voice gets an uncomfortable wobble in addition to his rants. Made me slightly sick. Blinkman987 fucked around with this message at 01:30 on Jan 8, 2016 |
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Jan 8, 2016 01:22
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BraveUlysses posted:and to avoid emptyquoting, what an enormously bad idea. I'm on to you, the Bravest Ulysses. But yeah, the sharing economy is an enormously bad idea because all of the DISRUPTIVE TECH garbage that these companies spew basically boil down to "we're causing headaches for everyone else by promoting risky behavior in individuals", especially when it comes to poo poo like Uber being super blase and "surprised" when it turns out that people driving for Uber don't have a commercial insurance policy. Phone fucked around with this message at 01:45 on Jan 8, 2016 |
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Jan 8, 2016 01:42
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overdesigned posted:Their entire game plan (until they have a fleet of robotic cars) is to show up and pay great rates so young white people think it's an awesome job (and lease cars new cars London is the opposite due to "the knowledge" (taxi driver test) meaning it takes 3+ years to become a registered cab driver, black cab drivers also take home £50-60k (2-3x median wage, plus they all only take cash and don't declare a lot of it). Cabs are also 90-95% middle aged white men while ubers are 100% Middle Eastern or Africans of dubious immigration status. I have never seen a white uber driver anywhere in Europe yet uber is insanely successful due to costing about half as much.
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Jan 8, 2016 02:58
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). Then once they've established themselves with customers as the "better (whiter) alternative to taxis" they "update their app" which slashes rates for drivers until only the people that stick with it are those who were willing to do taxi work in the first place, i.e. low income people, probably minorities.
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The guy operating the Airbnb "room" I'm staying in has rented out a room I'm an old factory or something. Looks like a big apartment. $5,000 rent Jesus Christ. But be built it up to a two story, 7 room shanty town and makes $1,800 a month per room. BWM for the rent and GWM for the income? I'll get pictures if anyone is interested.
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Jan 8, 2016 03:00
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My dad does Uber, not really sure why. I was tempted to tell him his wasting his time but honestly it's better he does something with his time than sit at home getting depressed (literally, he is on meds for chronic depression). He recently bought a 60k toyota land cruiser 4wd (this is Australia btw). The maintenance, fuel, cost of car, and his time doesn't make it worth while to drive for uber. He only drives when theres a high demand, but even then he made $400 driving 10 hours. I think he's making a about $15 bux an hour (i.e probably below minimum wage in australia). If you're wondering why he can afford a 60k? He works for the government and gets paid very well but the work is not consistent.
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Jan 8, 2016 03:07
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Saros posted:London is the opposite due to "the knowledge" (taxi driver test) meaning it takes 3+ years to become a registered cab driver, black cab drivers also take home £50-60k (2-3x median wage, plus they all only take cash and don't declare a lot of it). If cabbies in my city were even a tenth as good as London cabbies in knowing where the gently caress they're going, then maybe I would hate them a lot less. If the driver is just plugging my destination into a GPS or if I'm giving turn by turn directions why the heck wouldn't I just get an Uber/Lyft for less cost which is mostly all those guys do anyway. That, and traditional cabbies always seem so indignant about accepting cards. I hardly ever carry cash, and I'm not going to start now either. At least this aspect is getting better, but probably because Uber/Lyft/etc have forced them to suck it up and stop throwing fits about getting paid with a paper trail. Also cabbies driver like utter fuckheads on the road, with or without passengers in the car. Never had that with Uber/Lyft.
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Jan 8, 2016 03:09
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Suspicious Lump posted:My dad does Uber, not really sure why. I was tempted to tell him his wasting his time but honestly it's better he does something with his time than sit at home getting depressed (literally, he is on meds for chronic depression). He recently bought a 60k toyota land cruiser 4wd (this is Australia btw). The maintenance, fuel, cost of car, and his time doesn't make it worth while to drive for uber. He only drives when theres a high demand, but even then he made $400 driving 10 hours. I think he's making a about $15 bux an hour (i.e probably below minimum wage in australia). Sounds like he just has a hobby of driving people around, which is partially subsidized. There are more expensive hobbies that aren't as helpful to people, doesn't sound too bad.
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Jan 8, 2016 03:20
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quote:https://www.reddit.com/r/personalfinance/comments/3zqom8/update_pf_youre_going_to_figuratively_crucify_me/ from reddit, I can't even...
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Jan 8, 2016 04:04
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Reading that and the guy sold them all at $438. At least he's taking advice rather than trying to get others to buy bitcoins.
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Jan 8, 2016 04:14
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What's a cash out refinance? Did he just get a 400k mortgage and stick it in Bitcoin?
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Jan 8, 2016 06:17
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Exactly what it sounds like. A refinance where the new loan balance > the old loan balance and you walk out of the closing with a check for the difference.
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Jan 8, 2016 06:20
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How do you even sell bitcoins? Seriously is there a legit way to do it? I keep hearing stories of people getting mugged or arrested for using fake/stolen gift cards.
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Jan 8, 2016 06:31
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You could use an exchange, but then you're crossing your fingers and hoping you actually get your money. Other than that, it's meeting up with the least-creepy local bitcoiner you can find and taking cash or a cashier's check.
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Jan 8, 2016 06:52
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Volume is so thin that if he were to sell in one go, he'd have a severe impact on the order books and probably cause panic sell-offs.
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Jan 8, 2016 06:56
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He said he did it slowly over the course of a night. He made like $170k on bitcoins and that's bad with money because...lmfao buttcoins? edit: also not counting the fact that he bought a bunch of them for $20
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Jan 8, 2016 07:40
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I know a guy who won $20k playing the slots, I still think playing the slots is dumb.
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Jan 8, 2016 07:43
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Jeffrey of YOSPOS posted:He said he did it slowly over the course of a night. He made like $170k on bitcoins and that's bad with money because...lmfao buttcoins? If you refinance your house and take the proceeds to a casino and put all the money on black, there's a ~48.6% chance you'll walk away with a huge profit but you're still an idiot if you do
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Jan 8, 2016 07:43
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Jeb Bush 2012 posted:If you refinance your house and take the proceeds to a casino and put all the money on black, there's a ~48.6% chance you'll walk away with a huge profit but you're still an idiot if you do
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Jan 8, 2016 07:49
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Jeffrey of YOSPOS posted:Yeah I haven't seen this guy's history, the only trades he's done so far seem good? I'm not gonna look at a series of successful trades and think "what a retard". A guy winning 20k at slots is dumb, a guy consistently winning 20k at slots each week isn't. I'd assume he's actually good at predicting things(by, you know, cheating at slots). Most people buying individual securities are idiots but I'm not gonna conclude that from an example only including successes. There are actually plenty of ways to gamble on securities that have a good chance of winning you money every week but are still a terrible idea in the long run. But that's not even what happened here - he put all his money in a volatile asset that has a decent chance of going up or down a lot, and it went up. And you think he's smart because you're bad at reasoning about probability.
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Jan 8, 2016 07:58
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Jeffrey of YOSPOS posted:Yeah I haven't seen this guy's history, the only trades he's done so far seem good? I'm not gonna look at a series of successful trades and think "what a retard". A guy winning 20k at slots is dumb, a guy consistently winning 20k at slots each week isn't. I'd assume he's actually good at predicting things(by, you know, cheating at slots). Most people buying individual securities are idiots but I'm not gonna conclude that from an example only including successes. Someone winning at slots multiple times in a row isn't good at slots, they're lucky. The next run of the slot has the same odds of losing as the first. Bitcoin doesn't follow any kind of rational patterns; its price is not tied to anything. It's straight up gambling.
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Jan 8, 2016 08:16
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There is a real difference between making a good call and making a bad capl but getting lucky.
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Jan 8, 2016 08:40
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Jeffrey of YOSPOS posted:Yeah I haven't seen this guy's history, the only trades he's done so far seem good? I'm not gonna look at a series of successful trades and think "what a retard". A guy winning 20k at slots is dumb, a guy consistently winning 20k at slots each week isn't. I'd assume he's actually good at predicting things(by, you know, cheating at slots). Most people buying individual securities are idiots but I'm not gonna conclude that from an example only including successes. It would be a good trade if there was a reason behind that extended beyond "Bitcoins good!". What information did he have when he bought the Bitcoins that lead him to believe the price would ever hit his sell limit?
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Jan 8, 2016 08:44
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FrozenVent posted:Someone winning at slots multiple times in a row isn't good at slots, they're lucky.
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Jan 8, 2016 08:51
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Jeffrey of YOSPOS posted:If it's 3 times in a row, they're lucky. If they do it 20 times in a row, I want to know how. Like, if you watched a guy walk around a casino, pull 20 slots and win all of them, you wouldn't think that maybe he knew something you didn't? I don't really care about this guy and I don't "think he's smart" but I don't think he's a retard either just because he made predictions that were true. That seems like a very flawed way of looking at it. It was pure luck, there was no reason he should have done as well as he did. There was just as much chance that Bitcoin would be worth $0 right now. Same as the guy winning slots 20 times has no reason why it's happening, it just did because of luck. Someone being lucky isn't a reason to think they aren't an idiot.
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Jan 8, 2016 08:56
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Jeffrey of YOSPOS posted:If it's 3 times in a row, they're lucky. If they do it 20 times in a row, I want to know how. Like, if you watched a guy walk around a casino, pull 20 slots and win all of them, you wouldn't think that maybe he knew something you didn't? I don't really care about this guy and I don't "think he's smart" but I don't think he's a retard either just because he made predictions that were true. JFC, this guy. He didn't make predictions at all, he guessed/gambled and came out OK so far. Plenty of gamblers go on streaks before they inevitably crash and burn if they don't quit while they're ahead. It's entirely possible for me to guess the outcome of a coin toss 20 times in a row. If it happens, that doesn't make me a wizard or Nostradamus, it just means I got very lucky. For every guy that hit some big luck streak, there are tons of others that lost everything. Keep believing like you do and you'll be posting your own BWM story soon enough.
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Jan 8, 2016 11:47
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Jeffrey of YOSPOS posted:If it's 3 times in a row, they're lucky. If they do it 20 times in a row, I want to know how. Like, if you watched a guy walk around a casino, pull 20 slots and win all of them, you wouldn't think that maybe he knew something you didn't? I don't really care about this guy and I don't "think he's smart" but I don't think he's a retard either just because he made predictions that were true. If I watched a guy win a slot machine 20 times in a row, I would get a refill on my rum and coke and wait for the security guards to escort him out of the casino for hacking machines. The odds of that actually happening legitimately would be somewhere in the neighborhood of 1 in 10^94
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Jan 8, 2016 11:49
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Jeffrey of YOSPOS posted:If it's 3 times in a row, they're lucky. If they do it 20 times in a row, I want to know how. Like, if you watched a guy walk around a casino, pull 20 slots and win all of them, you wouldn't think that maybe he knew something you didn't? I don't really care about this guy and I don't "think he's smart" but I don't think he's a retard either just because he made predictions that were true. In craps there are betting systems that produce frequent wins and the people who use them like to brag about it. It's still dumb as hell. Know why? Because the EV is still negative thanks to small risk of colossal wipeout (most of these systems involve having a ton of bets up at one time). Just because someone wins many times doesn't mean their system produces a win over the long haul. The amount won and lost matters just as much as the number of times a win or loss occurs. Winning on 90% of rolls is worthless if the 10% of losses total up to a bigger amount of money.
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Jan 8, 2016 14:08
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He got lucky. The thing is, to buy that many Buttcoins, at least some (if not most) were originally purchased for much higher than $250 each. So yes, he made money, but only because someone else investing in the same product even more. Hopefully he keeps that in mind in case he thinks he can do it again.
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Jan 8, 2016 14:26
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I wouldn't say it was entirely luck. He bought in right after Ross Ulbricht got life and there was a lot of pessimism about BTC. Putting half his net worth into it though...
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Jan 8, 2016 14:36
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LOL Bitcoin and all but it is entirely possible that if you're balls deep in that whole thing and aren't just some evangelist with blinders on that you can make some at least semi-informed decisions about the direction it does or doesn't go. There's some rationality to the price movements. Not claiming in the slightest that the dude that mortgaged his house to buy bitcoins is remotely that person, I'd wager the opposite.
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Jan 8, 2016 15:38
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It's all fun and games until someone hacks your million dollar bit coon wallet.
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Jan 8, 2016 16:35
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Keep in mind Mr. Bitcoins would have made a ton of money had he cashed out at his predetermined cashout point (which he didn't cause taxes and up uP UP). He's below where he'd determined to sell and is still holding his bitcoins. He hasn't made a goddamn dime, none of his supposed gains are realized and there is no reason in the world for the price not to crater an hour from now, wiping this fellow out. Show me a bitcoiner who who actually cashes out when they're ahead rather than holding on hoping for an increase and I'll show you the exception to the retardation that is bitcoin.
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Jan 8, 2016 17:24
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Uncle Enzo posted:Show me a bitcoiner who who actually cashes out when they're ahead rather than holding on hoping for an increase and I'll show you the exception to the retardation that is bitcoin. To be fair, bitcoiners would be doing the exact same thing with individual stocks if bitcoin didn't exist. Or playing slots or whatever the hell.
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Jan 8, 2016 18:00
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