On multiple occasions Delhi has exceeded 999, which is the maximum reading on the government monitors. I recall being there with 1000+ AQI levels. It's extremely saddening as most have no choice but to endure the toxic air.
80 karma · joined June 6, 2017
"..future socialists will adjust accordingly and promulgate the slacker gene..."
Although USD might be your preferred, many would happily sell a vehicle for compensation in BTC, ETH, silver, gold, euros, etc.
It's a new shift, but I think quite profound.
Edit: If you're referring to mainstream media, the dollar value is all that most would be able to put into context. For those deep in the space, we're thinking about dollar values less and less. My primary benchmark on overall portfolio value is the value denominated in ETH, not USD.
For anyone interested, I made a Google Sheets template that I share with my friends. It has been well-received.
The crypto section can be ignored for those not involved with that sector.
If it's useful, would love to hear your feedback.
https://docs.google.com/spreadsheets/d/1qYLOAjzaIIcFLFw_j-P4...
Of course, much can be automated using Google Finance and relevant pricing APIs to auto-update position values.
And yes, there are definitely risks; it's not for everyone!
https://news.ycombinator.com/item?id=27845492
And I'm not increasing my overall debt position on my personal balance sheet. Rather, I shifted the debt from student loans at ~5.5% to a DeFi protocol where the borrow rate is effectively negative.
Also, this was not my scenario but a common view: it can make sense to draw a loan so that you're not liquidating long-term holdings. Imagine I hold $100k in bitcoin and need to pay off $15k in student debt. If I sell my BTC, I'll incur capital gains tax and also have a smaller long-term holding. Alternatively, I can borrow $15k against the BTC, pay no tax, and keep my BTC position in full. There are various ways to then generate interest on the BTC and pay back the borrowed funds.
Some platforms offering 0% loans include Liquity and Alchemix.
I didn't go into detail in the initial post since it sounds a bit crazy, but the loan will actually pay itself off since Alchemix is depositing my $30k into Yearn. The yields generated from Yearn gradually pay down my debt automatically. Other interest bearing positions (apps like Compound and "yield farming" on various new protocols) will also help me pay off the loan faster.
The alternative to this is that I could've taken $15k from the initial $30k and paid off our loans outright. But, using Alchemix is more capital efficient. Student debts are now paid and I also have $30k of capital generating yield instead of only $15k if I had simply paid the loans upfront.
My wife and I paid off our student loan debts with a 0% interest loan and no need to go through a bank. Our position is well over-collateralized and interest generated from other DeFi lending positions will pay off the loan in full.
Not to mention, Ethereum as a settlement layer for stablecoins is gaining exponential adoption. There's a non-insignificant chance it disrupts the traditional banking rails (i.e. ACH, wire, SWIFT, etc.).
Gitcoin is doing amazing work to support creators in the Ethereum and wider crypto ecosystem.
For the millions of young adults trying to afford a home right now, it is not ROI. For those fortunate enough to have a portfolio of real assets (including a home/real estate), sure.
Taking a look at M2 going back to the early 80s, I see no indication of money being removed from circulation. In fact, it appears to be ever skyrocketing higher.
1) Monetary inflation: growth of broad money supply; 2) Asset price inflation: stocks, bonds, real estate; 3) Consumer price inflation: everyday goods
Sure, while consumer price inflation is hovering around 2%, asset price inflation is running closer to 10-20%.
I account for inflation as it relates to the basket of goods and services most important in my life. Some of those items are everyday goods inflating at 2% annually. But the biggest things that matter to me: higher education, a home/real estate, medical care ... these are all inflating at a much, much higher pace. In this way, "2% annual inflation" completely misses the mark.
This is beginning to change. In the DeFi space, the token often provides voting rights and a share in generated revenues.
I've just started writing about this. Here's an interesting chart:
https://bitcoinflippening.gold/wp-content/uploads/2020/10/bi...
I've been writing about this topic; specifically, gold vs bitcoin.
You might find it interesting:
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Being young and looking to save on expenses, living in a van is one of the best decisions I've made.
For users, it keeps the tool free and ideally—if the sponsored placements are good—introduces them to cool new books.
Regardless, the book is very effective for many individuals, myself included. I highly recommend it to anyone dealing with back pain.
Upon reading 'Healing Back Pain', I came to understand that it wasn't the sitting but rather built up stress and anxieties causing the pain.
Within 1 week of reading, my back felt 80% better. Within one month, 95%. Several months later, I'm now pain-free.
My girlfriend also experiences anxiety at times and had back pain that would come and go. She read the book and it cured her back, as well.
Admittedly, I found it very strange how effective this book was. I approached it hesitantly, but it has had profound results. Check the reviews on Amazon for further support.
This book has had a great impact on my quality of life and I highly suggest it to anyone experiencing not just back pain, but any physical ailment that might be tied to stress, anxiety, tension, etc.