puranjay

10 ms·

61.
by puranjay 4y ago
The yield curve says otherwise. You won't feel it until Q4 2022 or Q1 2023.
62.
by puranjay 4y ago
and Crypto.com laid off 5% of its workforce just yesterday
63.
by puranjay 4y ago
Case in point: OpenSea's monthly volume: https://dune.com/rchen8/opensea There's no hiding on the blockchain. Monthly volume has gone down from a peak of nearly $5B in January to $372M in June so far.
64.
by puranjay 4y ago
As a freelancer/consultant, I find LinkedIn to be severely lacking. The focus on job titles and roles means that people like me don't get to showcase our skills and capabilities. Imo, it feels like a solution for the world a decad
65.
by puranjay 4y ago
> There will be another market cycle. While I wouldn't bet against it, there is a high likelihood that BTC was a product of the same funny money it was meant to counter. Whether it can sustain its value in the absence of massive QE
66.
by puranjay 4y ago
They're done. Even if they're not insolvent, the moment they enable withdrawals, everyone will cash out. There's no new money entering this space anyway. Without customer deposits, they're toast as a business.
67.
by puranjay 4y ago
Honestly, no way to tell at this point. Low interest rate and QE enabled all sorts of funny money shenanigans. Like startups raising billions with no real revenue and wildly unprofitable unit economics. Crypto benefited greatlyfrom this low
68.
by puranjay 4y ago
had the same problem on Safari iOS. Worked only after I accepted the cookie consent form.
69.
by puranjay 4y ago
A future refund scenario might be asking for David Attenborough's voice and getting Glibert Gottfried's instead.
70.
by puranjay 4y ago
Wont the reserves seizure they pulled off with Russia also contribute to this trust deficit?
71.
by puranjay 4y ago
Isn’t this a self-created problem? They had no real excuse to carry on QE past 2010 when the economy had started recovering.
72.
by puranjay 4y ago
most of the dividends are in the native token (or the blockchain token) which, unless the price remains stable or up, constantly reduces in value A great example is OpenSea. Their trading volume crashed at the same time ETH prices crashed.
73.
by puranjay 4y ago
USDD is next, but Justin has a habit of degening his way out of trouble. Wouldn’t bet completely against him
74.
by puranjay 4y ago
In low confidence systems, 0.99 can cause a bank run and eventual death spiral.
75.
by puranjay 4y ago
They bought the top of a bunch of (unprofitable) Indian tech startups as well.
76.
by puranjay 4y ago
Reminder that the second largest pension fund in Canada invested in Celsius at a 4B valuation. There really needs to be more oversight on what these funds invest in.
77.
by puranjay 4y ago
Service and shelter inflation tend to be sticky. You don’t renegotiate your lease or your salary every month. Inflation is now moving increasingly towards these two categories, which indicates that it could be around much longer even if sup
78.
by puranjay 4y ago
Uber has raised $33B to date and made $0 in operational profits. You have to ask if that money might have better served humanity if it was spent on fusion research instead of subsidizing cheap taxis.
79.
by puranjay 4y ago
Zeihan has the same thesis, plus insurmountable geographical challenges. Really hard to root for a country that now has a population rhomboid instead of a population pyramid. Soon to turn into an inverse pyramid aka a reverse ponzi where th
80.
by puranjay 4y ago
The one thing common across all low growth countries is bad demographics. Doesn’t matter whether you’re Japan or Portugal - demographics seems to doom any notion of “growth”.
81.
by puranjay 4y ago
amid all of this, people have completely forgotten about the South African brothers who ran away with $3.6B of investor funds from their now-defunct exchange [0]. I'm done with crypto. Scamming is so easy that its almost incentivized.
82.
by puranjay 4y ago
I wonder how many comments on HN right now were generated by GPT-3 Will we even know by the time we get to GPT-4?
83.
by puranjay 4y ago
no way to be objective at all. Its just a "gut feel" and they are usually wrong.
84.
by puranjay 4y ago
I'm 34 and feel the same way. You can feel the zeitgeist change every 8-10 years. Its like the world has a collective consciousness (even though I largely think that's just based on the media you consume.)
85.
by puranjay 4y ago
Yes, some castes and religions don't eat onions.
86.
by puranjay 4y ago
Mind boggling to me that you could get a 500k mortgage at 3% interest rate in the US.
87.
by puranjay 4y ago
Our country’s finance minister was asked about the high price of onions - a key staple in the Indian diet - and she quipped that she doesn’t care because she doesn’t eat onions. Our rulers are cruel, intentionally so.
88.
by puranjay 4y ago
After the massive ramp up we had, it can very well take years, even a decade before we hit another new all time high.
89.
by puranjay 4y ago
Makes me wonder about the fate of all these unprofitable startups If you couldn’t turn a profit during practically the best time for tech startups in 2020-21, I can’t see how you can turn a profit when money is much tighter.
90.
by puranjay 4y ago
I had planned a vacation 2 years ago before the pandemic. Obviously had to shelve that. Now the price for the same ticket has increased by 2.5x I still paid for it and justified it in my head that this is the first time I’ll be traveling in

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