evergrande

11 ms·

1.
by evergrande 5y ago
Contrarian opinion: Harvard devaluing their diploma is good because smart people will get off the credential treadmill and do something productive instead.
2.
by evergrande 5y ago
The number is way low. Housing/rental costs are the largest expense and that's up 20% in many places. Used cars are up 40%.
3.
by evergrande 5y ago
See also Polygon (MATIC), ZK-STARKs. And ETH 2.0 is due next year.
4.
by evergrande 5y ago
Granted, but every new technology goes through this and the tools and best practices are improving. The code is open source too. I don't know why people, technologists especially, aren't recognizing this. It's also worth exam
5.
by evergrande 5y ago
Anyone want to do a web2isgoinggreat.com version of this?
6.
by evergrande 5y ago
Web 2 is centralized big tech serving ads. You are the product and you own nothing. They own your content and can change the rules at will ( https://www.nytimes.com/2021/12/13/technology/instagram-hand...
7.
by evergrande 5y ago
Thanks! Your formulation makes a lot of sense.
8.
by evergrande 5y ago
Bill Gates and Steve Jobs yelled at employees a lot. Whether they did so as an intentional technique or a byproduct of having a short temper, I don't know. Any insight into that?
9.
by evergrande 5y ago
This chart speaks volumes. https://www.investors.com/wp-content/uploads/2018/03/CPIChar...
10.
by evergrande 5y ago
This is an under appreciated point about web3. We can get away from the ad-based business model. Web2 has an adversarial relationship with the user, web3 is much more aligned with the user. https://www.jonstokes.com/p/w
11.
by evergrande 5y ago
Look at healthcare, college, housing, childcare, equities. Also look at shrinkflation: https://www.reddit.com/r/shrinkflation/ Also look at ingredient swaps in food, like HFCS. Also look at products that have swap
12.
by evergrande 5y ago
This is in part because they changed how CPI is calculated in the 80s and 90s, which, as luck would have it, lowered the rates. You can see what CPI looks like with the older formulas here to compare: http://www.shadowstats.com&#
13.
by evergrande 5y ago
Actually, have they put any emphasis at all in reducing body fat with regard to Covid? Look at the CDC's recommendations: https://www.cdc.gov/coronavirus/2019-ncov/prevent-getting-si... Nothing about losing w
14.
CFTC Orders JPMorgan to Pay Record $920M for Spoofing and Manipulation (2020)(cftc.gov)
280 points by evergrande 5y ago|185 comments
15.
by evergrande 5y ago
Silly title and claim. Web3 is inclusive in the fullest sense of the term. It does not care if you are a bro. It doesn't even know if you are a bro. It doesn't care where you live, what your name is, what your opinions are, what y
16.
by evergrande 5y ago
What if Buffett just wants to see the world burn and doesn't care about getting the money back out? Or if a nation state or the central banks see it as an existential threat, they could consider it the cost of doing business? Maybe $30
17.
by evergrande 5y ago
Quite possibly the difference between people who are hostile vs favorably disposed to Web3 is whether or not they think traditional orgs work fine or need improvement. Frustration with traditional organizational pathologies is not universal
18.
by evergrande 5y ago
That's a Twitter level of undertstanding. Did you know not all NFTs are just a hyperlink to an image? Did you know that NFTs can give a % of every sale to the original artist in perpetuity? Without relying on a company that can deplatf
19.
by evergrande 5y ago
"We're just protecting you" is a transparent excuse to rig the game. It's pulling up the ladder. If it was actually in the best interests of the people, you educate and give them tools. You don't lock them out. And
20.
by evergrande 5y ago
Which is good because accredited investor laws prevent poor people from obtaining wealth in the same way the wealthy do. It's an uneven playing field. Let me give a concrete example: The first time I used Stripe and Uber, I immediately
21.
by evergrande 5y ago
Some are and they are overfitting those cases to an entire technology. It's understandable to see that nuance get lost on Twitter, but disappointing to see on a tech forum. It's like discounting email because it enables nigerian p
22.
by evergrande 5y ago
Why would an optional feature force you off? That sounds like a purity test an anti-technology cult would come up with.
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by evergrande 5y ago
Let's take music as an example. On web2 music artists only get 18% of the revenue. Spotify gets 33%. The music industry takes 49%. Web3 flips the script. Artists get 95%, the rest are fees. So yes, I do think web3-style ownership is de
24.
by evergrande 5y ago
Because web3 is, in part, about users having ownership and crypto is what enables that in a decentralized, censorship-resistant way. Instead of big tech companies profiting off your data, you can profit off your data and output. A critical
25.
by evergrande 5y ago
Will there be enough upside to Solana though when Ethereum 2 rolls out?
26.
by evergrande 5y ago
Except those companies can decide to change the rules at any time and can kick you off. And that's increasingly on the basis of mob rule and authoritarian governments.
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by evergrande 5y ago
Here's a way to look at it: Web 1.0 - Permissioned Read-only Web 2.0 - Permissioned Read & write Web 3.0 - Permissionless Read, write & own
28.
by evergrande 5y ago
Try deploying the same contract on a different chain, like Polygon. It's a lot more fun. Super cheap, almost instant and is a preview of the future. If ETH 2.0 is like that it'll be a game changer.
29.
by evergrande 5y ago
Actually, that's a good point. Inflation would be even worse if that cash was going into physical goods and services. The government now has an incentive to leave crypto alone aside from providing clarity.
30.
by evergrande 5y ago
Is it possible that Zillow artificially inflated the housing market? They bought up bunch of houses while having the most popular pricing tool? That's a strong incentive to predict ever increasing prices. Plus it whipped up a frenzy an

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