Hacker News Reader

rgoldadeon Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional

Margin accounts? It seems like many crypto exchanges offer this. Isn't the example you described the perfect arb situation where you would short sell on the expensive exchange and buy on the cheap exchange?

rgoldadeon Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional

Of course.. if you could take a short position against the coin, you could hedge and eliminate your risk.

rgoldadeon Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional

You could do that. It's not really zero risk though because the coin could drop in value. Usually (real) traders who find arbs on (real) exchanges will submit simultaneous bid/ask orders without holding the actual product. They can clear the trades later.

rgoldadeon Canada’s tech startup sector wants easier access to hire top foreign talent

Canada has some decent ranking schools (UofT,Waterloo,UBC,SFU,etc.) and many Canadians don't want to move to the US (plus the Canadian dollar is worth less lately).

rgoldadeon Canada’s tech startup sector wants easier access to hire top foreign talent

Absolutely. I would love to move back to Vancouver (born+raised) but it's so expensive vs. the salary options. To be fair though, while the tech jobs in Kitchener\Waterloo pay less than SF, the cost of living is very affordable.

rgoldadeon Canada’s tech startup sector wants easier access to hire top foreign talent

Swaths of Waterloo and UofT grads leave Canada for better paying work in the USA. There is no lack of talent coming out of Canadian Universities. If they can't keep their own domestic talent, how do they figure they can attrack "top foreign talent"? It seems like a false flag operation to find cheaper labour.

rgoldadeon Millennials Flee Vancouver for More Affordable Cities

There is a diaspora of Vancouverites in their late 20s, early 30s here in Toronto. They left home for better employment and housing opportunities. I think we all would love to move back but it's just not worth it. Vancouver is a better city than Toronto but not THAT much better.

rgoldadeon Without affordable housing, Vancouver risks becoming an economic ghost town

I'm not sure if you're familiar with Vancouver but outside of the small downtown core, there isn't much zoning for density. Government policy has created a supply shortage.

However, condos come with their own issues as well. There has been a building boom in Toronto that has it owns issues.. http://www.cbc.ca/news/canada/toronto/fears-that-shoddy-toro....

I think urban planning is more complicated than simply increasing supply.

rgoldadeon Canada forgot to plan for its future by leaning on oil and the loonie

The West Coast (Vancouver, Victoria, etc.) rarely falls below zero degrees Celsius. Southern Ontario gets cold but it doesn't generally get Alberta-level cold. To be honest, I would rather live in Toronto than Houston.