apta_

8 ms·

31.
by apta_ 6y ago
The dollar printer went crazy in 2020: https://fred.stlouisfed.org/series/M2 . This definitely had an effect on stock and property prices, and seemingly some cryptocurrencies as well.
32.
by apta_ 6y ago
Seems there are several affected services https://downdetector.com/
33.
by apta_ 6y ago
The hypothesis is that its value will stabilize eventually. Many are using it as a store of value to resist government induced inflation.
34.
by apta_ 6y ago
Exactly. Bitcoin has been heavily criticized on HN by some, but we're seeing its value proposition come to fruition: an asset that is resistant to artificial government fueled inflation. Perhaps also easier to get into than stocks (no
35.
by apta_ 6y ago
I know at least one person who left Google because it became too political, and this was several years ago. It's sad to see what's become of the company.
36.
by apta_ 6y ago
Exactly. It's basically inflation, just not in day to day commodities (food, groceries, etc.). I think it's the same reason bitcoin price is jumping.
37.
by apta_ 6y ago
Store of value to protect against inflation is a huge value proposition. Of course, it's still volatile now.
38.
by apta_ 6y ago
> This is something; just not "money". It's a store of value. From what I gather, people are using it to protect their money against inflation.
39.
by apta_ 6y ago
No, it's not about the risk per se. As you point out, investing in a company involves risk, however, there is prospect for generating value that corresponds to said risk. Shorting (exactly as with gambling) creates risk with the hope o
40.
by apta_ 6y ago
Which air quality monitor did you purchase?
41.
by apta_ 6y ago
And this is why blindly following regulations, without truly understanding their consequences is dumb. From what I heard, the Trump administration got flak for bailing out of the Paris agreement because they felt that the agreement was simi
42.
by apta_ 6y ago
What motives would they have to reverse it? Don't they claim they're "for the people"?
43.
by apta_ 6y ago
The market can function perfectly well without short sellers, as it has for thousands of years before shorting was introduced. Shorting is in no way an essential part, and more accurately, it's immoral. Exposing several parties to the
44.
by apta_ 6y ago
Short selling is legalized gambling, much like options. Lots of people see both of those activities as immoral.
45.
by apta_ 6y ago
That's like saying people who engage in whaling are doing it to feed their families. It's hard to believe that there isn't a moral avenue to expose fraud other than resorting to an immoral activity (shorting).
46.
by apta_ 6y ago
> but there's no inherent moral superiority of one side over the other Of course there is. Shorting is immoral, it's legalized gambling, and the shorters are hoping the worst for the economy so they can profit off of other peop
47.
by apta_ 6y ago
What IDE do people use for rust nowadays?
48.
by apta_ 6y ago
> but I don't see these conversations taking place amongst teachers Because it doesn't fit the SJW narrative.