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teamLab Planets 📷

December 2, 2018

We spent the afternoon at teamLab Planets in Toyosu today. What a beautifully designed experience. Definitely worth the visit.

Camera: Fujifilm X-Pro2
Lens: Fujinon XF 56mm f/1.2 R

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Apple celebrates World AIDS Day →

December 2, 2018

MacRumors:

In honor of World AIDS Day, which takes place on December 1, Apple has started turning the Apple Store logos at many of its retail locations around the world red.

Saw this at the Ginza location in Tokyo today. Very cool.

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Joseph Young on PayPal and Bitcoin →

December 2, 2018

Joseph Young:

PayPal says its bank account withdrawal fee is $1, which is true. BUT, the conversion rate is where they get you. I received $1,000 this week from a friend. PayPal shows $955 as withdrawable amount. $45 fee for a $1,000 payment, while Bitcoin processes $194 million with $0.1

I really don’t understand why people think this is a good argument in favor of Bitcoin. In most cases, when A transfers $1,000 to B, it’s because B wants to be receive USD because fiat is stable and predictable. In Joseph’s example, I like to think of the $45 fee as a stability fee that cannot be beat by Bitcoin at the moment when considering the fact that most people don’t give a s*** about receiving BTC – most people want fiat.

$45 for a $1,000 transfer is a 4.5% fee. What are the chances of timing a Bitcoin transfer and trade to ensure a loss of less than 4.5%? In its current state, Bitcoin just doesn’t beat services like PayPal and Venmo for day-to-day payments. That won’t change until Bitcoin’s market cap is in the trillions.

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