This is hardly something new. Hard asset type investors were saying this in 2007/08 with the oil spike. Gold bugs were saying this in the mid 80s. Of course this is a misunderstanding of what is being measured but if…
"We need to be more like the Chinese and be smart about this"
Spot on. I am fully vaccinated but at this point it isn't about Covid. To paraphrase Mr. Bonaparte, a politician loves power like a musician loves his music. I have done all I can do. If you don't want to get…
This is the same exact thing that has been happening the past 40 years with this company and Windows. Windows 10 was my fav version because that was the straw that broke the camels back for me and I would never even…
3. Tether 7. USD Coin 10. Binance USD Crypto seems rather reliant on USD. The crypto narratives are always so flimsy.
You would think we barter and haggle for unproductive hours for the goods and services we need. 90% of what I buy at a store I walk in, grab what I need, go to self check out and swipe my credit card. Our society has…
You always have to be on guard to not fall into single variable thinking. "They did it because of X, not Y!" It is always at least x, y and z. I would think this is a smart move to not fall into this trap we have and…
It was a change in sports betting. You really couldn't gamble on sports legally outside of the major casino sport books previously. Keep in mind that black market sports betting is/was a multi billion dollar industry in…
Great point. Even to take it down a notch, what has happened in the US is just boring. You almost can't have a conversation without one of 5 of the same companies coming up.
I forgot you even have to install drivers. I have a USB network adapter with a penguin on it. That was the key that solved all my problems. Everything just worked after that. If you don't play games I just can't imagine…
Been back full time for 3 weeks by choice instead of being remote as people trickle in. I think when people start going back we will quickly see that most aspects of the office are actually worse. I am a hard worker but…
Commodities have value in and of themselves though. Bitcoin is a security for an electronic trading game that takes inputs and gives back less than that input. Then on top of that there is this technological/economic…
The difference is you buy a stock/security with the expectation of some future cash flow. The value of the stock is an attempt at pricing the future cash flow at a discount rate. BTC has no future cash flow and no…
No doubt. We are so spoiled we just take all our advances as a given. On top of all this so many people are doing more interesting work. My father didn't just work 7 days a week, sometimes 16 hour days but he did that…
It is pretty meaningless. I have looked up before that the average person in 1914 worked 60-70 hours a week for a 2020 inflation adjusted wage of 5 dollars an hour. 60-70 hours a week in deplorable conditions. At that…
I mean you could see the black plague as what loosened a 1000 year grip on society the Church had. At this point, liberalism could be in the same position with COVID. I don't even see the evidence that liberalism is…
Are you just that historically ignorant of how this goes? 3000 people also die a year from asprin. Everything in life is a trade off.
Also using populism + race in a moral context to gain political power. We have seen this one before.
I am an American that loves to read the Global Times sometimes because it often has brilliant pieces. Media like we use to have before the internet. Chinese leaders might even understand America better than we…
It pains me we almost can't have a real discussion about this topic without it being hijacked almost immediately. I have thought deeply about this and I am not sure we can really have experimental evidence that isn't…
IMO there should be 3 voting options I agree, I disagree, Noise/bullshit The problem to me is I want to read things I don't agree with but I don't want to read bullshit. I would especially love to read ideas with an…
In America, we have just made it too difficult to build new houses. We have short circuited the market equilibrium. The real way to make money here would be in building new houses. It is somewhat odd to me how this…
Piano is the best analogy to me. If you sit down at a piano for the first time, the idea of ever playing a Chopin prelude seems almost impossible. Of course it takes years of practice to gain competency, just like…
Actual research shows the opposite effect on mental health from what you are saying. When you don't have Facebook your friends and family just txt or email. I mean Facebook book hasn't even been around that long. To…
This is hardly something new. Hard asset type investors were saying this in 2007/08 with the oil spike. Gold bugs were saying this in the mid 80s. Of course this is a misunderstanding of what is being measured but if…
"We need to be more like the Chinese and be smart about this"
Spot on. I am fully vaccinated but at this point it isn't about Covid. To paraphrase Mr. Bonaparte, a politician loves power like a musician loves his music. I have done all I can do. If you don't want to get…
This is the same exact thing that has been happening the past 40 years with this company and Windows. Windows 10 was my fav version because that was the straw that broke the camels back for me and I would never even…
3. Tether 7. USD Coin 10. Binance USD Crypto seems rather reliant on USD. The crypto narratives are always so flimsy.
You would think we barter and haggle for unproductive hours for the goods and services we need. 90% of what I buy at a store I walk in, grab what I need, go to self check out and swipe my credit card. Our society has…
You always have to be on guard to not fall into single variable thinking. "They did it because of X, not Y!" It is always at least x, y and z. I would think this is a smart move to not fall into this trap we have and…
It was a change in sports betting. You really couldn't gamble on sports legally outside of the major casino sport books previously. Keep in mind that black market sports betting is/was a multi billion dollar industry in…
Great point. Even to take it down a notch, what has happened in the US is just boring. You almost can't have a conversation without one of 5 of the same companies coming up.
I forgot you even have to install drivers. I have a USB network adapter with a penguin on it. That was the key that solved all my problems. Everything just worked after that. If you don't play games I just can't imagine…
Been back full time for 3 weeks by choice instead of being remote as people trickle in. I think when people start going back we will quickly see that most aspects of the office are actually worse. I am a hard worker but…
Commodities have value in and of themselves though. Bitcoin is a security for an electronic trading game that takes inputs and gives back less than that input. Then on top of that there is this technological/economic…
The difference is you buy a stock/security with the expectation of some future cash flow. The value of the stock is an attempt at pricing the future cash flow at a discount rate. BTC has no future cash flow and no…
No doubt. We are so spoiled we just take all our advances as a given. On top of all this so many people are doing more interesting work. My father didn't just work 7 days a week, sometimes 16 hour days but he did that…
It is pretty meaningless. I have looked up before that the average person in 1914 worked 60-70 hours a week for a 2020 inflation adjusted wage of 5 dollars an hour. 60-70 hours a week in deplorable conditions. At that…
I mean you could see the black plague as what loosened a 1000 year grip on society the Church had. At this point, liberalism could be in the same position with COVID. I don't even see the evidence that liberalism is…
Are you just that historically ignorant of how this goes? 3000 people also die a year from asprin. Everything in life is a trade off.
Also using populism + race in a moral context to gain political power. We have seen this one before.
I am an American that loves to read the Global Times sometimes because it often has brilliant pieces. Media like we use to have before the internet. Chinese leaders might even understand America better than we…
It pains me we almost can't have a real discussion about this topic without it being hijacked almost immediately. I have thought deeply about this and I am not sure we can really have experimental evidence that isn't…
IMO there should be 3 voting options I agree, I disagree, Noise/bullshit The problem to me is I want to read things I don't agree with but I don't want to read bullshit. I would especially love to read ideas with an…
In America, we have just made it too difficult to build new houses. We have short circuited the market equilibrium. The real way to make money here would be in building new houses. It is somewhat odd to me how this…
Piano is the best analogy to me. If you sit down at a piano for the first time, the idea of ever playing a Chopin prelude seems almost impossible. Of course it takes years of practice to gain competency, just like…
Actual research shows the opposite effect on mental health from what you are saying. When you don't have Facebook your friends and family just txt or email. I mean Facebook book hasn't even been around that long. To…