I am 46 now. Worth $2M+. I was reset 3 times in my life. First in 2001, when tech bubble burst. Went from $146K net worth to $6K. Then again in 2008, went from $300K to $34K net worth. (And foreclosure). Then divorce in 2015. ($900K->$400K). And now most of my money is in VTI and SCHD. Much lower return, but much much lower risk. Keep grinding. Restart, do UBER. See if you can manage someone’s Turo fleet. While low paying, can give you flexibility to start the “next” thing.
>“Those transaction data in terms of how many coffees I drink every day, where I buy coffee, do I use UBER every day and what kind of working hours I have.” “Those non-traditional data can be very useful for financial service providers to give me a credit score and based on that credit score the service providers can give me a credit line without any face-to-face due diligence.” So in other words, they can reject your loan application without having the inconvenience of having to tell you.
Can we stop becoming WSB? Literally no proof or even evidence. At least the guys at WSB write wall of texts with fake evidence and wrong interpretation of data etc. This is just pathetic. It's simple they attracted new customers with unsustainable rates and now they are in the same mode as every startup ever. Think UBER think Netflix etc where they tweak everything so they can milk money. It's fine everybody can leave but that's how Business works nothing special about it
It's not more scummy than YouTube premium or Netflix UBER shit. It's how "startup's" operate. Get customers by offering unbelievable good deals. Proceed to fuck them and milk them as hard as you can. Tale old as time. Shady as fuck but also completely unsurprising
OP didn't say it was the new Internet, just like the original post isn't about UBER. He/she simply offered a simile as to the feeling and reservations many had about the Internet, which is echoed in people understanding, or lack there of, of crypto and blockchain. It's a simple comment on reddit, in a sub where arguably the majority of people already have an understanding of crypto, so no real depth is needed. You clearly have too much time on your hands. I bid you good evening, have a great day, but I don't have the time for this back and forth. If you're still reading this OP, next time please ensure you have only post comments that are indepth, with peer reviewed research. Flippant and throw away comments clearly upset some people. Haha
Honnestly im glad you came here and asked, but why do you even wonder on this? In cases like this you should ask your self this. When was the last time you went on tinder or whatever dating site your on and go "HEY BABE I GOT A UBER TIP AND YOU WILL BE SUPER RICH!!!" people go on dating sites to date, to get wife/husband girlfriend/boyfriend, no one would ever push on someone a "get rich fast trick". Also ask your self this, when in your life have you ever got a sure fire way to get uber rich fast trick? even i can answer for you, NEVER, there is no sure fire ways to get rich and if it ever exist it doesnt come through a dating site. God damn it just read a bit more seems you actually already put money in it....... why not ask this first before making a move................................................................. What your involved with is this, you get tricked by a random skank because men think with their dicks and wants and not their real head, so they use a woman to trick you, THEN to make you really belive it, they ask for lets say 100$ and alow you to take out your new gains wich is 500$ THEN you go "omg i got 400$ this shet is legit" so you slowly build up with more and more money, watching your gains go up, then you get to the point they go like "HEH just put all you got into it, you already earned this much so why not double all you got!?" then you go to check your new gains and its 0$ and when you try to contact her, she blocked you and is gone. All i can say is good you came before you thre in more cash, but how do people get this easly tricked, hell its just a month ago a dude had same case as you "meet foreighn girl who made him invest and lose all shit" gonna see if i find the post actually, will add it in a edit if i find it.
started driving UBER for fun back in 2016. the cash tips i made put the gas in my car, so i used the money i got paid by UBER to invest in crypto.. i was fortunate to get in early, and NOT panic sell when everything bottomed out. it was basically free money i was investing. fast forward to today, im no longer driving UBER and my crypto is doing much better than any of my other investments.
OP forgot to consider other parts of the world obviously 🤣 > card processor gets a percentage from your payment This is the reason many small businesses in asia (3rd world) still only accepts cash. Heck even some large corp UBER/GRAB still has majority of the user base pays with cash.
> what’s stopping drivers from working for UBER ? Shitty pay? But I think you meant to ask what is forcing people to work for Uber? Lol. The reason why anyone works a shit paying job is literally just survival. The thing is, you keep trying to attribute this problem to Uber without recognizing it’s a larger problem than just Uber. There are tons of gig and contract and minimum wage jobs ripping people off. Collectively the unskilled labor are stuck fighting like rats for the scraps among these jobs. It’s either that or they starve. This is why regulators need to exist to come in and say hey we have to have a certain level of decency. Whether that’s a minimum wage increase or a universal basic income or free college or affordable medical care or all of the above, the fact that NONE of those things are happening collectively across the board shows just how corrupted our system is. The most important question is why are our politicians ignoring the will of the people? And the answer is money.
> I want to know how UBER is forcing people to be drivers. At an Uber hiring event Uber CEO: I make potential workers an offer they can’t refuse. *snaps fingers as two large drivers step forward from the shadows with baseball bats in hand and work contracts in the other! Uber CEO: Get ‘em boys!! People at event tearfully signing up to drive
It's a free market, you as a consumer want to get from point A to point B cheaply, the UBER driver wants to earn money. If driving for UBER is/war less than minimum wage, I am pretty sure the driver can go and work in McDonald's or Amazon. Heck the driver can work for Amzaon/ DHL ? UPS delivery guy and earn more.
I don't know mate, but I have met UBER drivers from India who were very happy with UBER, to the point he had got another taxi and made his brother a taxi driver for UBER. But I do know spcific people who were not happy about UBER in India or my city, the autorickshaw guys and every arguing Taxi guys.
Crypto has a way of merging into real life situations asides being rekt of course. Have you ever thought of a scenario where synchronization of physical vehicle motion & navigational information with extended reality environments can be made possible? Fun fact is that Audi, Porsche, Ford, BMW, etc are actually making this feature possible to every & any private car or TaaS offering like UBER,etc RIDE token the native token of HOLORIDE functions as a utility, governance token which connects content creators, car manufacturers, you(passenger), brands & enabling them to capture value.
....gave me a cappachino but it was really a mickey which knocked me out in 30 seconds, then rifiled through my wallet and ran off with my cash and credit cards, AFTER she sabotaged my cellular and ripping out up the land line, bolted out the door after calling a UBER and made it to the nearest series of ATMs where she maxxed out my cash withdrawal limit on ALL my credit cards and then hopped on a bus to downtown where she paid cash for a bus ticket outta town.
It makes financial services more efficient: Central banks? BUM retail banks? BUM Payment processors? BUM custodial services? BUM etc. (And think of the world of possibilities that will occur, when more innovation comes. You wouldn’t think of UBER when Steve Jobs presented the iPhone back in 2007, the same way as you wouldn’t think of smartphones when you first heard about the internet during the 90s)
We are in a revolutionary stage of a financial system. DeFi will be the Airbnb or the hotel industry and UBER of the taxi companies. Decentralization is the key for taking our power back from greedy corporations. This is why I'm digging DeFi projects such as ADA and OIN. I can just stake my OIN 36% APY and/or on AscendEx for 23%. What bank gives that for their customers nowadays? None.
Are you a landlord? Because I am. And I can tell you from experience, inflation eats your lunch as a landlord. For the simple reason that, tenants aren't very understanding about the rent increases and will often move out. The ones that do stay, will resent you for it if you raise rent too quickly. It's not a question of if, but when, the next major expense will come up (roof, A/C systems, appliances, etc.), and that next expense will be UBER high in cost compared to your rents. And when they move out and you have to turn the property over, be prepared to pay through the NOSE, for things like new flooring, new countertops, new cabinets, etc. You get RAKED by the higher costs, which hit immediately. But your higher rents take serious time to really kick in and help cover those costs. That's the issue. As for the loan, yes it lowers in burden if your rate is fixed...but the bank also requires things like homeowners insurance, and that cost continues to go up as the value of the house goes up and you have to cover it for me (plus the insurance goes up even on the same coverage with inflation, naturally). Nope, as a landlord you are FAR better off with a stable currency. I disagree with you. Inflation doesn't ever work in your favor.
This is such a silly question so many people ask. That’s your family right there. If you can’t tell them, that’s a huge problem. If you need a lawyer to tell them, that’s a huge problem. It’s so easy for so many in this space to forget all financial systems and normalcy, to go completely rogue and take control of their fortunes Personally. BUT TRUST THE FAMILY YOU HAVE INSTEAD OF SETTING UP AN UBER COMPLEX TREASURE HUNT TO OBTAIN YOUR WEALTH YOU BUILT FOR THEM?! Cmon man.
APY/APR is generally based on pool liquidity. Less people providing liquidity means higher APR. The payouts come from your liquidity funding the DEXs day to day operations like swaps etc. Your money is fueling the bank much like your personal car would run the Taxi Service for say UBER.... This is why DEFI will disrupt banking imho. Things like Impermanent loss can still happen based on the pair you provide liquidty to.
Really? So the CEO of a bankrupting company like UBER expends 100x the labor of a line cook at mcdonalds? Or maybe is there not a correlation between labor and dollars and the market doesn't efficiently value work due to the centralized nature of the currency and interference of a bought government? They say you get Bitcoin at the price you deserve. Do some actually research into the problems of our current system instead of just saying 'but the dollar is worth a dollar! It's so stable and perfectly converts your labor into value!'
Anybody quit coinhunt world because you felt like a weirdo going through the same parking lots twice a day while trying to buy a used pizza hut car topper and uniform becsuse you got busted with a hand drawn "UBER" decal? Or just me?
DRF will be the future of platforms, in public transport, soon DRF will replace UBER, BET ETC do not miss the opportunity to get coins in this great project, do it now that the project is just starting then the value will be so high that you will regret don't take advantage of this great opportunity.
"So, when I go to the concert and pay 10 bucks for UBER, but after the concert so many people want an uber, that the price skyrockets to 100 bucks and I can't get home, is that fair? Don't you think the SEC should protect concert-goers from not being able to get home again?" ... oh no... a service that is in high demand becomes more expensive... don't let the economy turn into a free market...
If you go into a traditional store, on let's say, black friday or a major sale day, are Mastercard, Visa and the Point of Sale terminals charging a premium because of high traffic? No they are not. However, UBER did/does use this tactic at "peak times" and it's very off putting. Don't get me wrong, I love ETH, but it's becoming difficult to justify these fees when I'm DCA'ing and simply holding even.
The TAM (Total Addressable Market) of Bitcoin includes: Cash, Gold, Low Interest Bonds, Low/Non Dividend Stocks, Real Estate, Art & Collectibles. Currently, thats about 300-400T and yes obviously all of this depends on inflation going forward (ie. after a decade of 8% inflation the TAM would be about 800T). To put it simply: No one is buying a 5000 sq/ft Manhattan apartment for $100M because they think its an efficient use of living space. Nor a 20M painting because they "like the way it looks", nor UBER stock because they like the dividends (0%). In the end these are "just another savings account". So, Bitcoin will gobble up lots of that "excess capital" that is currently sloshing around high end real estate, non-divi stocks, art, etc. The real question therefore is: What percentage of this TAM can Bitcoin capture? I think its reasonable to expect BTC to capture between 5-30% of this. However the funny thing about game-theory is the bigger a "Store of Value" gets, the impetuses is for it to get bigger. SoV are winner-take-all propositions.
Peer to peer sending of value ANYWHERE on the world. Send to other countries without Banks or Remittance centers. Smart Contracts that could handle transactions without middle man (could replace UBER, Spotify, Air BNB, etc.) DE-Fi, or Finance without Banks or any central institutions. NFTs for Proof of Ownership, and transparent and non-editable data (for land titles etc.) Free from central government control, bypassing censorship and account freezes. More private and non-trackable transactions. And many more!
Defi is like UBER for Banking. The users provide the liquidity, and smart contracts automate the exchanges. By providing the liquidity (money) for the site to operate, you gain money back via an APR / APY. aka "staking" This is no different than say a CD with a bank
We're not necessarily cutting out a middleman. It's more about replacing a singular entity by a network, that anyone can join and reap in the benefits. Say a market maker like UBER, multi billion dollar company with an app that connects drivers to passengers. Replace it by a blockchain tech and you'll get everyone in the network taking a cut, not just a single entity. That's the true power of crypto.
today is the first day to the last days of good mining... Currently ETH works like an UBER in terms of High Traffic = High Fees...DEFI being so widely used is also fueling TONS of transactions thus congesting the network too. Tomorrow with the "London Fork" the architecture is laid to move ETH into a much more robust system. However chaning the framework of something like ETHEREUM is kinda like a pit crew changing all four tires on an Indy Car with it still doing laps at 180mph.
Darn paywall, if you don't want to click and deal with their ads and paywall: Robinhood raises less than it had hoped in IPO Robinhood CEO's credentials investigated by regulators New York (CNN Business) — Robinhood's highly-anticipated debut on Wall Street is getting off to a rough start. The fast-growing trading company failed to raise as much money as it had hoped. Robinhood's initial public offering priced at $38 a share, the low end of the expected range. That suggests demand for the controversial company may have been softer than anticipated. The deal values Robinhood at about $32 billion, making it more valuable than major companies including Nasdaq (NDAQ), Southwest Airlines (LUV) and Kroger (KR). That's well above the $12 billion price tag Robinhood scored in its most recent round of private funding. And yet Robinhood failed to hit the $35 billion valuation it had coveted. The IPO is raising $2.1 billion and Robinhood is expected to begin trading on the Nasdaq on Thursday under the ticker symbol "HOOD." The deal is still a major milestone for a company that revolutionized the way Americans invest and is enjoying explosive growth. Robinhood reveals new regulatory probes on the eve of its blockbuster IPO "The business has been a juggernaut. They've got a great platform they can build off of," said David Weild, former vice chairman of the Nasdaq who is now the CEO of investment bank Weild & Co. Robinhood's revenue surged by 245% last year to $959 million as its user growth and trading volume exploded. Robert Le, analyst at PitchBook, said Robinhood appears to be leaving some money on the table in an effort to get a first-day pop in its share price. "Robinhood is playing it safe here," Le said in an email. "There is more hanging in the balance in terms of a successful novel IPO than a couple hundred million dollars in the bank for the company." 'It seems rich' But investors are paying a premium for that growth. At the high end of Robinhood's IPO range, the deal would have valued the company at about 22 times trailing revenue, according to Renaissance Capital. That compares a multiple of just five for Charles Schwab (SCHW), a rival that is expanding at a slower pace. "It seems rich — unless the company can keep up this high growth," said Kathleen Smith, a principal at Renaissance Capital, which manages the Renaissance IPO ETF (IPO). Robinhood completely disrupted the online brokerage industry by pioneering zero-commission trading. As Robinhood lured new and existing investors to its platform, rivals were forced to eliminate trading fees and join forces just to survive. Now Robinhood is disrupting the IPO process. The company is allowing its users to buy a chunk — as much as one-third — of the IPO shares before they begin trading on the Nasdaq. Normally, only corporate insiders and powerful institutions get access to these coveted shares. New regulatory probes revealed Robinhood's public debut was delayed by a series of controversies, from record-breaking settlements to massive outages, that raise questions about the company's business model, management team and ability to keep up with its explosive growth. Just this week, Robinhood disclosed that regulators are investigating the fact that CEO Vlad Tenev is not licensed with FINRA, Wall Street's powerful self-regulator. (Robinhood has argued Tenev does not need to be licensed because he's the CEO of the parent company, not the broker-dealer). The Financial Industry Regulatory Authority and the Securities and Exchange Commission are also probing whether Robinhood employees traded shares of GameStop (GME), AMC (AMC) and other "meme" stocks ahead of the trading platform's infamous trading restrictions in January. Robinhood settles lawsuit over 20-year-old trader who died by suicide Last month, FINRA slapped the brokerage with its biggest-ever penalty and accused the company of harming millions of customers and giving investors "false or misleading information." FINRA cited in part options trading procedures at the heart of a recently settled lawsuit filed by the family of a 20-year-old Robinhood trader who died by suicide last year. Robinhood neither admitted to nor denied the FINRA charges. Weild, the former Nasdaq executive, said Robinhood's struggles may have only enhanced public awareness about the company — something that ironically helps. He likened the situation to challenges that faced America Online during its rapid expansion. "All it did was increase their visibility and branding," Weild said. Other companies with legal headaches were similarly able to pull off IPOs, including Airbnb and Uber (UBER). 'These are not free apps' But Robinhood's struggles have also shined a bright light on the company's controversial business model, known as payment for order flow. Like some other online brokerages, Robinhood makes most of its revenue by selling its retail order flow to high-speed trading firms like Citadel Securities. Robinhood argues that this tactic benefits everyday investors because it has paved the way for no-commission trading. But others say it's really the high-speed trading firms that are benefiting — otherwise they wouldn't be paying Robinhood for the order flow. A surprising tech company could be next to join the Dow Now that business model that Robinhood is so reliant on is in doubt. The Securities and Exchange Commission is reviewing payment for order flow. SEC Chairman Gary Gensler warned in May that there are "inherent" conflicts of interest in this business model and expressed concern about the gamefied nature of trading apps. "These are not free apps. They are just zero-commission apps. The cost is inside the order execution," Gensler told lawmakers. If the SEC bans payment for order flow, it would deal a blow to Robinhood. "We think payment for order flow is a benefit to retail investors," said PitchBook's Le. "But if regulators don't see it that way and ban it, Robinhood will have to find new sources of revenue. That would be a big risk." Levered to the market boom Robinhood faces competition from not only well-established online brokerages, but from upstarts like Public.com and Invstr that market the fact that they do not sell retail order flow to high-speed traders. Smith, the Renaissance Capital executive, said another risk is how closely linked Robinhood's bottom line is to the fate of booming markets. "What if we get a negative market? People could easily get turned off if they lose money," Smith said. "This company is so levered to equity and crypto markets. A downturn would hurt Robinhood more than a Charles Schwab."
China isn't exploiting US citizens money.........no one is forcing people to invest. You make a choice when you buy a stock, if it is a shitty pick you reap what you sow. DIDI was a bullshit pick, a knockoff UBER. If the investor did a moment of research he/she would see that China is not heading in that direction. They are headed in the direction of NIO, XPENG, LI, automated cars.....and EV that they are funding. You can't blame ICP for being a shit coin, but you can blame the morons who fomo-ed into a project with terrible fundamentals and ZERO history...
i first heard about it when two frat bros, my UBER passengers at the time, were chatting about Bitcoin and Ethereum drunkenly, and had made some $. I thought to myself, here i am driving a cab while these kids make money, but i must be the one who is doing things right... Fast Forward to 2021 I lost my job to a robot.. Bitcoin, please save my @$$
> It just makes people confused. XRP is more decentralized than bitcoin. Saying XRP is more decentralized than BTC is spreading FUD. spolier: its not more decentraized as there are several metrics for centralization (token distribution, development, mining, nodes and a few others). Nodes are not the end all and be all. Ripple the company can use its huge economic centralization of tokens to spin up as many node as they want. The fact remains that the supply is UBER centralized
What's your average profit/day after accounting for the price of the 3090, electricity, and taxes on any gains after you cash out? Not saying you aren't making money, but it's like talking about making money through UBER without considering gas prices and car depreciation.
If you trade the "bull run nr 2" like nummber one you loose if you traded "bull run nr 3" like nummer 2 you loose. If you HODL and not trade you GET UBER MEGA SEGA RICH.. but your right 420k its just the first leg up.. then the train goes on and on and on=)
Just took an UBER to my IV therapy appointment and we got on the topic of business and enterprises. He was a semi retired travel agency owner who sold just in time before the internet cleared him out. Told him about how crypto is the next internet of banking and he was sold. Another convert to our great movement!
# $FINE - Is NOBODY seeing this? First off I want to make it very clear that I have no information regarding the legitimacy of the $FINE project in any way. I'm only speculating. I am very sorry if the next part offends you but its meant to teach/save some of you. \--------------------------------------------------------------------------------------------------------------------------- 4/27 - Hype was clearly real. 4/28 - TONS of noobs threw all their money at the opening minute bots. 4/28 - Those same noobs made the horrible mistake of selling at a loss within 10 minutes/1day. 4/28 - Price Stabilizes at around $2.00. 4/28 - Noobs go on to attack the company / Mr. Beast... clearly angry at their loss. 4/28 - Refinable Issues a statement claiming no crooked involvement and that they took action prior to the release to mitigate such problems. 4/28 - (DAYS END) Noobs continue to create petitions/complaint threads in attempts to be handed back the money they so ignorantly threw away the day prior (IN ATTEMPTS TO GET RICH QUICK) 4/29 Price starts to go up.... LIKE?!?!?!?!? LOL OH NO. \--------------------------------------------------------------------------------------------------------------------------- All the noobs who invested their "hard earned money" in the first minute of an UBER popular release....(ON PANCAKESWAP W/ 49% LIQUIDITY LOL) Then sold at a loss because they are awe struck by the process of bots, will now have to watch their "hard earned money" go straight back up without them having any possession of it.... defiantly a mini crypto rapture if I have ever seen one. In conclusion, I would like to remind anyone who took a big loss to take a deep breath, PLEASE DONT DO ANYTHING CRAZY, and just understand the mistake you made. EVERYONE who has been apart of investing has gone through this process, some learning a way steeper lesson. Basically this should be considered earning your first badge in investing, Congratulations, and welcome to the community. THOUGHTS? (PS IT DOES SUCK YOU GUYS LOST ALOT OF MONEY I REALLY DO EMPATHISE WITH YOU.)
My suggestion would be look in to alt coins. If you notice, Bitcoin aint doing to well now. But many cryptos don't give a shit and decided to do their own thing and just chug along going up up and away anyways. I personally feel that the market is UBER bullish on alt coins now, and it might be safer and more profitable to invest in those.
I won't deny the poor working conditions of UBER that allowed their company to profit off employees. But Ripple is well known as an exceptional workplace. But the same can be said for most progressive tech behemoths that aim at fostering innovation and acquiring talent.
They are also publically traded VYGVF. Iown both vgx and vygvf and I'm a big fan. The CEO really cares about retail customers. He was CEO of Etrade and te CTOwas a co-founder of UBER. The company is what robinhood should have been. Voyager will also sell stocks soon too. Get in before its too late!
For Thailand outside of Bangkok, you can do nicely, soup to nuts, for under $2000. $1500/mo is still doable without living like a church mouse. I live in town and don't bother with a car; I call GRAB, similar to US UBER. I have the groceries delivered. I haven't driven a car in 14 months and don't really miss it. The big booger is always the visa. If you can satisfy all the country's requirements, groovy. The big one for a retirement visa here is that you must deposit \~$26,000 in a local bank and leave it there. I chose Thailand for the most developed economy, excellent and cheap healthcare and prescriptions, shopping out the wazoo, delicious and crazy cheap food. The tonal language is challenging, though.
my dad is chartered accountants. he turned 60 in august 2020. he retired from gov Job. whole life he spent salary paying mortgages. He is in Denial mode. just Rise of BITCOIN price piss him off. He believes Gold and silver are also worthless. I am from India. 100 USD rise in Gold is 7200 + compounded Tax on anything FUEL, Gold, etc. we have two Homes(assets). he is thinking to sell one and put in FIXED deposits. I understand it is frustrating. when bitcoin crashed from 19K he was telling lot people lost money in ponzi scheme. Now I told if he had bought bitcoin at 19k still he had doubled his money in 3 years. I am trying to convince him to buy bitcoin since bitcoin was sub 1000 USD and GOLD when Gold was sub 3000000 INR per KG. now Gold is 4500000 INR per Kg. it has crashes from 5700000. GOI have cut import duty 7% something and Gold, silver prices are manipulated in US Banks. everytime USD is devalued, INR is equally devalued so that countries export don’t fall. I have given up. Let them suffer his fate. So thing is Old dudes have Ego and they don’t like advise from our generation. they think we are un-informed , amateurs. truth is with Internet/reddit/youtube etc we are much more info. primary source of information my dad gets from are sold out fake news industry and moron expert on news channels. self proclaimed Nobel prize winning economist who are most KEYNESIAN bitch will bash crypto. so it is hopeless to even discuss anything. my dad hates anything digital. hates UBER, AMAZON etc. he get pissed off as no one can book taxi without apps here. so my point is you need to move on. you tried your best. I too have screwed over many things in past. I learned from mistakes. but my reputation within the family sucks. They see me as retard. everyone uncles, aunts, their kids with their fancy PHDs. I got some bitcoin and am HODLING for a decade minimum. my advisor to you Ignore the negativity