1,299 karma · joined September 27, 2013
And now you're shadowbanned.
So they are forced to decentralize the currency to some extent, so that banks are the ones to actually issue the currency (after borrowing it from the fed).
I'm still kind of confused how ypu go from one ERC-20 chain to another. I know there's wrapped Ether on other chains but I'm not clear on how it got there or whether it's a good idea to hold that. Seems like a "not my keys" situation in a way.
When I was in the office, most developers had headphones on when working and you wouldn't interrupt them at that time.
I definitely agree that if you're in the kind of role where you can turn off notifications and just put your head down and work, this has probably been a very productive year.
https://economicprinciples.org/
The world may be near the end of a long-term debt cycle, we will have to see.
In 1996 PE multiples were indeed high and there was indeed a correction. For instance the Nasdaq went from 1300 at the end of 1996, to over 5000, and back to 1300 in 2002. There was obviously productivity growth over 7 years, but valuations are another thing entirely.
- SBUX instead of buying Starbucks
- MO instead of buying cigarettes (see The Millionaire Next Door for this analysis)
- LVMH instead of buying LV, M, or H
- NVDA instead of buying video cards and AAA games
- CVS instead of shopping at convenience stores
You would, would you? Thousands of individuals who by and large wanted to try out a competitor to Facebook ended up getting their personal details downloaded and leaked (and we're talking about very sensitive details here), and you're going to buy a beer for the criminals who did this? I assume before you turn them into the authorities for their 10-20 year sentences?
No.
https://www.history.com/news/beanie-babies-value-criminal-ac...
With a bubble in Beanie Babies there was accompanying fraud and other criminal activity, with most consumers not wittingly participating, but they were affected by it.
So with the asset bubble of the 2000's, this kind of behavior affected everyone, as everyone needs a house.
In another thread I have said I don't blame the masses who may have made bad decisions in hindsight, as they did not have access to all the relevant information. So I do blame the fraudsters, but in the end I really only blame the Fed for keeping interest rates too low, and of course that can circle back around to society as well if you like.