puranjay

9 ms·

31.
by puranjay 4y ago
Birth rates are collapsing in rural India as well. Even where women have an extremely low participation rate in the labor force. I don’t think the issue is simply “cities have less space, working couples have less money”. Its likely more co
32.
by puranjay 4y ago
Its alarming how fast all earlier projections are being proven wrong. Like in India, our latest survey revealed that our fertility rate is now already below replacement level - a landmark we were supposed to hit in 2050. We hit that three d
33.
by puranjay 4y ago
This looks amazing! Congrats The games look particularly interesting - I've been in meetings where everyone uses awkward verbal games to break the ice, but this would be so much more fun
34.
by puranjay 4y ago
Improv of any kind, in general, is fantastic for learning how to fail publicly. I do a bit of improv comedy and its fantastic for getting you out to make a fool of yourself publicly. Some of the best work in improv comes from people failing
35.
by puranjay 4y ago
I can already tell I'm going to hate the next 30 years of technology.
36.
by puranjay 4y ago
I'm sure you wrote this comment with soot on a tree bark, stuffed it into a glass bottle and hoped that someone far away with electricity and computers would post it online.
37.
by puranjay 4y ago
if the placebo effect works, why not?
38.
by puranjay 4y ago
Gnome mode is replacing work with play. Most great things in human creation emerged from play, not work. Work is what's done to refine the output of play.
39.
by puranjay 4y ago
Their YouTube channel is also fantastic. Them and the First We Feast, Bon Apetit folks are my comfort watches
40.
by puranjay 4y ago
Works wonderfully well with mangoes as well. Peel and chop into large chunks. Freeze. You can eat them just like that, or pop them into a smoothie.
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by puranjay 4y ago
The crypto market this cycle was peak evidence of the utter insanity that can happen when there is excess liquidity in the markets. It honestly makes a mockery of "money".
42.
by puranjay 4y ago
well the other shoe started dropping today :)
43.
by puranjay 4y ago
Absolutely baffling how they managed to lose this money. Zhu Su, one of the co-founders, would talk about the Bitcoin “supercycle” so much that people started calling it “zhupercycle” Now it appears that they actually drank their own kool a
44.
by puranjay 4y ago
This is massive honestly. They were likely $18B. And by most accounts, they were almost entirely trading their own capital. They were well liked and respected in the industry, having built up their fortunes trading over the years. A little
45.
by puranjay 4y ago
1. Print money indiscriminately, long after the economy has recovered. 2. Institute a forced lockdown on the global economy without sufficient evidence or understanding of the looming disaster 3. Print even more indiscriminately and hand ou
46.
by puranjay 4y ago
To be fair, you could look at any number of tech stocks and find similar drops in value.
47.
by puranjay 4y ago
Most household objects and appliances are better off being as low tech as possible. An acquaintance's daughter died in a house fire because the door had a "smart" lock that malfunctioned in the extreme heat. She was the only
48.
by puranjay 4y ago
Let the aliens microwave their alien ramen in peace!
49.
by puranjay 4y ago
ETH has enough liquidity to easily absorb that volume tbh.
50.
by puranjay 4y ago
OpenSea's fees is 2.5% of each transaction. There's a creator fee on top of that which the creator can decide. It usually ranges between 2.5-7.5%. On average, you should assume that OpenSea takes around 30-40% from this 200M fees.
51.
by puranjay 4y ago
Except in this case, its unavoidable - unless your employees and landlords and hosting companies accept crypto. Your revenue will always be in ETH (or other native tokens). Your expenses will always be in USD (or local currency). Which is w
52.
by puranjay 4y ago
how does that matter in this situation? You get paid in ETH. ETH was $3k in January. Its $1.2k now. Ergo, your income is now $1.2k, not $3k since your fee is fixed.
53.
by puranjay 4y ago
Sure, I have that too. But there's also the discovery aspect of a platform like LinkedIn
54.
by puranjay 4y ago
Sam Bankman-Fried - the founder of Alameda
55.
by puranjay 4y ago
YC was peak funny money. I work extensively with startups and it was increasingly apparent in the last few years that the main objective of the startup was to raise funding, not to build product or deliver value. The number of "unicorn
56.
by puranjay 4y ago
yeah SBF doesn't believe in crypto. He might pay some lip service but he doesn't hold any position extensively.
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by puranjay 4y ago
Alameda is the single scariest entity in crypto. They're absolutely brutal. I exit every trade once it becomes apparent that Alameda is in. If I was a VC firm, however, I would back anything SBF was doing. He's a genius when it co
58.
by puranjay 4y ago
That's the problem - your expenses (salaries, rent, hosting, etc.) are paid in USD. Meanwhile, your revenue is in ETH. Even if you can maintain the same volume, your revenue can drop drastically if ETH price drops. A 100 ETH sale earns
59.
by puranjay 4y ago
Not too hot about Meta. TikTok has been eating their lunch and they can't seem to catch up.
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by puranjay 4y ago
upper middle-class tech workers live in their own bubble.

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