ffggvv

40 ms·

421.
by ffggvv 6y ago
am i the only one that thinks fintech is massively overvalued? especially square etc, or anything adjacent. sure they have great growth and revenue but i don’t see any path where profit can justify the value
422.
by ffggvv 6y ago
“this time” is always different until it’s not. can’t wait till it crashes to read the bag holders statements about fud
423.
by ffggvv 6y ago
i agree if you mean the unlimited liquidity and fiscal has pumped up asset speculation to historic proportions i disagree if you mean people are somehow buying it as a hedge to the dollar
424.
by ffggvv 6y ago
and who would have enough money to buy something like that and get be dumb enough to think it has value? mark cuban? i can only think of a few midwits rich enough
425.
by ffggvv 6y ago
an original picasso is a historic artifact with the same paint that the artist himself used and his brush marks etc. a copy isn’t. an nft is just bytes. a copy is exactly the same as the original. it’s impossible to get an exact copy of a p
426.
by ffggvv 6y ago
you may be right but these people are getting rich while we can only take satisfaction in knowing it may eventually crash
427.
by ffggvv 6y ago
i think they’re tailored to optimize for clicks. and the users themselves are the ones the click these enraging stories and therefore train the ml algorithms to show more of that
428.
by ffggvv 6y ago
lol funny to hear google get this criticism when their bias is hardcore on the other direction, significantly lowering the bar far the “right” type of applicant and raising it for the “wrong” (asian / white males) types. it just goes t
429.
by ffggvv 6y ago
so instead of building useful things like bridges or infrastructure, we decided to gamble on useless greater fool theory “assets”
430.
by ffggvv 6y ago
[x] it lacks the energy density to make it sufficiently portable. that only matters if you want a portable battery. there are alot of uses where it doesnt need to be portable at all. thats only for electric cars. same with crash resistance
431.
by ffggvv 6y ago
agree though i’d say they usually don’t make much money from selling shovels. but their stock soars when they announce they are selling shovels
432.
by ffggvv 6y ago
Bitcoin is a pump and dump. Pump and dumps have legitimate value as long as people pay for them. This will remain true even if it goes to 200k, or 2m. In fact the higher it goes, the more of a pump and dump scheme it is. how many people wou
433.
by ffggvv 6y ago
is bitcoin truly decentralized? in the sense that there’s a centralized ledger that anyone can access and see transactions? i know the ledger is copied and decentralized to all nodes but for instance if i go on the street corner and buy som
434.
by ffggvv 6y ago
am i the only one that gets a warm euphoric feeling going on the crypto subreddits on days like these and drinking their salty tears as it crashes to hell?
435.
by ffggvv 6y ago
it’s zero interest. but it’s a convertible bond so can be converted to shares
436.
by ffggvv 6y ago
it’s pathologically insane they did this with a bond. imagine lending someone money to buy bitcoin
437.
by ffggvv 6y ago
sorry :/ we just trust your government more than ours
438.
by ffggvv 6y ago
might strengthen it but not it’s price
439.
by ffggvv 6y ago
Buy the swiss franc. Or TIPS. or a commodities etf. or emerging markets etf as EM does well when dollar is weak. (their loans are dollar denominated)
440.
by ffggvv 6y ago
they stopped for the past 2 years until it went up again. similiar to people who won’t stop selling their herbalife shakes
441.
by ffggvv 6y ago
i used to be one... there is no real argument. it’s just mania driven by the price going up and hoping for the price to go up. any argument against btc stands between them and the moon so they respond with anger. it’s like on reddit when ga
442.
by ffggvv 6y ago
no incentive is really going to work in a 2 day period. i don’t think anyone would say some competitor would sprout up that fast. but idk if that’s generalizable to all crises of all durations for all types of good
443.
by ffggvv 6y ago
seems like the government is going to bail out these people anyway so this entire discussion is a moot point
444.
by ffggvv 6y ago
i think tesla stock is essentially a meme and lost it’s luster so he had to do something to get the sheen back. especially to distract from news that chinese regulators were clamping down
445.
by ffggvv 6y ago
short airbnb. this is clearly their priority
446.
by ffggvv 6y ago
jpow and yellen are evil printing money to boost stock prices for the rich. wait til next year when peoples 401k is cut in half and inflation also makes everything more expensive
447.
by ffggvv 6y ago
until you have to refinance the debt because you haven’t paid any of it off and it’s matured and rates are way higher...
448.
by ffggvv 6y ago
GDP isn’t equivalent to salary. GDP is the measure of the economy’s production as a whole. not the governments cut. If you compare tax revenues, which is their salary the picture is much more stark. (in this situation GDP is more like the v
449.
by ffggvv 6y ago
rising debt is usually preceded by loose money/cheap credit. which leads to irresponsibile speculation and manias. and then ofc we will be expected to bail the speculators out at the end of this
450.
by ffggvv 6y ago
presume its okay if its pro-biden :)

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