puranjay

20 ms·

181.
by puranjay 4y ago
I was referring to the OP’s comment that established publicly traded tech companies too will be under pressure to keep the stock price up and thus, aren’t immune to layoffs
182.
by puranjay 4y ago
Remember that debt fuelled stock buybacks were a huge reason for propping up stock prices for these companies as well. Now that cheap debt is off the table, that buyback strategy will have diminishing impact as well, forcing companies to fi
183.
by puranjay 4y ago
I ran a marketing agency and this is the problem with SEO. No one really knows what works. Sure, we know what works right now , but a new update might completely change that. And worse, you might get penalized because Google decided that w
184.
by puranjay 4y ago
Tether is pretty much another arm of Bitfinex, and Bitfinex is where all the whales trade. Its a huge insider game. I wouldn’t hold Tether long term even if I was being paid for it
185.
by puranjay 4y ago
This is either a good thing in that "wow, they atleast have $10B to redeem instantly" Or its a bad thing in that "welp, there's all the insiders exiting the boat first"
186.
by puranjay 4y ago
My brother who survived through the dot com crash says that this is exactly what all of his engineer friends thought and then there was a complete hiring thaw for years and salaries got back to earth There has been a lot of FOMO from busine
187.
by puranjay 4y ago
Cheap liquidity is just unhealthy for the economy as a whole. Just allows zombie companies to thrive that create no long term value or productivity gains.
188.
by puranjay 4y ago
Good. I hope we get out of this by focusing on building businesses that actually make profits instead of, you know, play musical chairs with exit liquidity.
189.
by puranjay 4y ago
Oh man this year has been really something The festival of Holi is usually the transition point between winter and summer. NEVER in my living memory has it been hot before Holi. Even my 78 year old father says the same thing. This year, i
190.
by puranjay 4y ago
Their complete bewilderment about the labor shortage and insistence that inflation was transitory suggests otherwise.
191.
by puranjay 4y ago
I wonder how much irreparable damage the lockdowns did to the economy as we knew it before the pandemic. The more subjective aspects of the economy are hard to map - are people motivated enough to work? Do they feel invested enough in the f
192.
by puranjay 4y ago
I think what OP meant was why would anyone hold Tether at this point instead of a more transparent and less fudded stabelcoin like USDC
193.
by puranjay 4y ago
Seen this happen with so many developers that I’m completely jaded by this space. Dev launches a promising project idea. Token balloons because of the reputation of the dev or promise of the idea. By the time the product actually launches,
194.
by puranjay 4y ago
imo, this liquidity is precisely what's stifling widespread crypto adoption. Speculators kill long term growth of any project and punish actual users the most. GameFi is the perfect example - prices go up as speculators pile in. Actual
195.
by puranjay 4y ago
All crypto degens know when SBF is in a farm. The price pumps initially since SBF going into a new farm means a) buy pressure, and b) the farm is "safe" for others to buy into. And then SBF starts farming and dumping. People who d
196.
by puranjay 4y ago
Look man I understand your frustration. Check my comment history - I thought this space was revolutionary at first too. But after 2 years deep in the crypto hole, its very clear to me that there are some serious flaws in the current crypt
197.
by puranjay 4y ago
Reckon some of it is also a sense of safety and security. I trust this group deeply and know they always have my back. And of course with all the toddlers around, its just all around adorableness everywhere
198.
by puranjay 4y ago
How do you settle pricing in this system? Its easy enough if your asset has enough liquidity and distribution to arrive at a fair market price, but what if the price isn’t transparently obvious - as it is for most assets. In your example of
199.
by puranjay 4y ago
Ser, there is really no such thing as a under-collateralized loan in crypto. The “ease of access” of crypto loans is not really as big as you think - any lender will happily give you an instant “loan” if you front 150% of the collateral. It
200.
by puranjay 4y ago
Try to get a loan in crypto with 80% collateral and then we can talk Crypto “loans” are just loans against existing assets and are all collateralized heavily - 150% is the standard. There is still absolutely no way to get a real loan with c
201.
by puranjay 4y ago
Even serious crypto people knew that UST was highly unstable lol How did these guys raise funding? They literally just built a fiat onramp
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by puranjay 4y ago
I can tell you right now that there is absolutely no safe yield in crypto currently that goes beyond 4% on a “safe” stablecoin like USDC. For truly safe (as in, huge value locked, never been hacked), the yield is more like 1.5-2% All the hi
203.
by puranjay 4y ago
as I've grown older, I've started redefining my idea of "success" and "achievement". To me, achievement is anything that you genuinely had to work hard towards, make sacrifices for, and overcome your own prejud
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by puranjay 4y ago
By most measures, it appears that Tether is slowly going to die out and replaced by USDC. Among retail users, Tether has increasingly lost sway and is largely used only on exchanges (which is still massive, but not the only game in town any
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by puranjay 4y ago
The crypto market is unregulated and manipulated heavily by whales (most of whom operate on bitfinex which itself has close ties to Tether). Holding a short position can be profitable, but also know that a short squeeze is easy. There was a
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by puranjay 4y ago
With Bitcoin, the narrative is that it goes up after every halving cycle. Will confidence shatter completely if it doesn't go up in the next cycle? Hard to tell. Important to remember that BTC has only existed in an easy monetary envir
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by puranjay 4y ago
here in India, a bunch of 10-minute grocery delivery startups have raised literally billions over the last few months. All operations are extremely capex heavy - they have to create hundreds of dark stores in every city to service a 2-3km a
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by puranjay 4y ago
They need to kill this “growth” because they’ve essentially priced out half the population out of ever owning a home +20% increase in home prices is not “growth”. Its sheer injustice
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by puranjay 4y ago
I mean my time frame was more like 50 years - assets you can pass onto your grandkids - but you’re fundamentally right if your time frame is 10-15 years
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by puranjay 4y ago
Do you feel that we’ve reached the peak of the smartphone enabled businesses that emerged after 2008? Like apps like Uber that relied on smartphones to unlock entirely new markets and possibilities? All we have today are optimizations on th

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