puranjay

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121.
by puranjay 4y ago
Argentina is blessed with natural resources and vast fertile land. It is perhaps the second best piece of geography in the world in terms of natural resources and fertile land after America The mystery is why it doesn’t grow, not why it doe
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by puranjay 4y ago
Argentina also has vast natural resources, extremely fertile land, and very few people for a country of its size. It can weather the storm far longer because it just doesn’t have enough resource pressure as older, poorer countries do
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by puranjay 4y ago
More and more serious investors and traders are moving to decentralized platforms That’s where the biggest money and the highest yield is achievable anyway. And the quality of decenttalized offerings is rapidly improving.
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by puranjay 4y ago
HN has decided crypto is a scam and any attempt to change its mind is met with wild resistance Don’t even try man
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by puranjay 4y ago
Word on the grapevine is that there’s a new bill coming up that would classify any crypto that had a presale or ICO as a security. This would include practically 99% of all popular coins, but would still classify BTC as a commodity (since i
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by puranjay 4y ago
Yeah, a bad article ranking higher is obviously graverobbing /s
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by puranjay 4y ago
This comment thread is wild
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by puranjay 4y ago
What exactly is “sleazy” about Ahrefs? Its literally just data.
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by puranjay 4y ago
Kermit in Sopranos did it for me. Hilariously accurate.
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by puranjay 4y ago
Coinbase was hiring for massive growth three weeks ago and now its rescinding offers. Things can turn on a dime.
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by puranjay 4y ago
To be fair, anyone sitting on the sidelines watching tech companies spend 15-20 years without making a profit - or ever making a profit - is going to start thinking "what the hell is going on" More than watching tech go down, I th
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by puranjay 4y ago
Been hanging out on a lot of personal finance related communities. For people outside the tech bubble, this has been brutal. Rents have increased 20-50% in many cases and wages haven't kept pace. People making otherwise decent income a
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by puranjay 4y ago
“Easy money” as in it was dirt cheap to borrow money and the Fed had been doing QE since 2008. That ends now - at least for a while. Risk assets look very different when you can borrow at 0.5% interest rate vs 3.5% interest rate.
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by puranjay 4y ago
In hindsight, that May 2021 was a good thing. Taught me how much these coins can collapse. I did much better at securing profits in the second half of this run
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by puranjay 4y ago
Yep. OpenSea, too, raised funding at 13B valuation right at the peak of the NFT mania I don’t understand how VCs work. I was deep in the NFT world at that time and outside of the influencers on Twitter, every single trader I know was just i
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by puranjay 4y ago
But that’s just one company. And Amazon is pretty much one of the greatest businesses built in the last 50 years. How many others like Amazon did 20% layoffs and then died anyway?
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by puranjay 4y ago
Would have expected another run after the next halving but we’re in uncharted territory honestly. Bitcoin and crypto only came about in the post 2008 era of easy money. If that spigot dries up, its not certain they will keep going up every
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by puranjay 4y ago
Volume goes down, fees collected go down Crypto trade volume collapses catastrophically in bear markets
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by puranjay 4y ago
Volume dies completely in bear markets We’re not even in a proper bear market and its already collapsing Just see dex trading volume metrics or OpenSea volume data on Dune.com - a much better indicator of the state of the crypto markets sin
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by puranjay 4y ago
Crypto is the future of finance in bull markets Its a total scam in bear markets That’s pretty much the sentiment across the board I do wonder how SoftBank investing $680M into SoRare at the height of the NFT boom is going to work out. If S
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by puranjay 4y ago
High caste people in India will often find ways to casually mention their caste in conversation, sometimes within minutes of meeting someone new. Its reflexive - like subtly turning your wrist to show off a new watch. And I have no data to
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by puranjay 4y ago
While I don't disagree with you at all, the current startup scene doesn't feel organic. So many of these "startups" are severely bloated and should have gone public ages ago. A simple look at the employee headcount at mo
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by puranjay 4y ago
I'm a little curious how someone becomes an airship pilot. I understand that the core skills from airplanes would carry over, but how do you create the protocols and best practices for piloting a completely new vehicle that hasn't
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by puranjay 4y ago
Same. I knew acquaintances who worked in very well paid positions in some of the world's top companies, including investment banks, and they all were so smitten by this new shiny thing that they forgot to do their basic dilligence. I t
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by puranjay 4y ago
As someone who had never really dabbled in the markets before 2020, and only parked his money in passive investments, the amount of money floating around was an eye opener. It was also terribly demoralizing - there’s literally billions and
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by puranjay 4y ago
Looking at startup hiring in the last couple of years, its kinda clear that most of these startups have just way too many employees. Their operations are not capital efficient at all. Why does a D2C brand like Casper, for instance, not make
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by puranjay 4y ago
Just as some constructive feedback, perhaps you can try a different color palette. On PropertySquares as well, the green, purple, and blue don't seem to mesh well together.
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by puranjay 4y ago
If I'm honest, the block height for many elements seems a little off. We're used to individual sections occupying the entire screen, but on this site, sections feel like they're bleeding into each other. Some of the internal
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by puranjay 4y ago
Thank you for that detailed response. I’m going to give this another shot
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by puranjay 4y ago
I understand and would ideally treat them at par with cash. But the crypto world is highly volatile. Its also pretty small and news spreads rapidly. There is an inherent lack of faith in underlying systems as well, which is why bank runs an

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