seibelj

68 ms·

721.
by seibelj 5y ago
I believe crypto came out of the pink sheets / Stocktwits culture, which after the crash in 2017 went back into stocks and rose WSB and meme stocks. It was like stocks -> crypto -> back to stocks in the influence cycle.
722.
by seibelj 5y ago
US is world reserve currency. We have the ability to print unlimited dollars. All other currencies are primarily backed by US dollars. Most important commodities like oil are priced in USD. Therefore, US drives inflation globally.
723.
by seibelj 5y ago
There are edge cases to anything in biology. I would say you are an edge case. Love and sex are fundamental to humanity and our continued existence. You being a 0.001% outlier, who will likely not produce any offspring who would have a chan
724.
by seibelj 5y ago
Except normal entrepreneurs can sleep easy at night and not worry about going to jail for life. Or at least right now, political situations can change and even conducting legal business can be dicey.
725.
by seibelj 5y ago
You can increase the price of your product. This is what’s happening throughout the entire economy - workers demand more money, wages go up, prices increase, inflation hits 5%. It’s not surprising.
726.
by seibelj 5y ago
It will all sort itself out. If you can’t hire employees at a certain wage then either wages increase or the job changes. There is no other option. The “job changing” could also be changes to make it more palatable.
727.
by seibelj 5y ago
It’s the same reason an African general is a “warlord”. You can reframe anything in a few choice words.
728.
by seibelj 5y ago
Is this a generated response? Makes no sense
729.
by seibelj 5y ago
Your inflation cope is "lowered expectations / standard of living". Not everyone is as realistic.
730.
Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly)(nytimes.com)
3 points by seibelj 5y ago|0 comments
731.
by seibelj 5y ago
Anti-crypto people grasping for FUD straws anywhere they can as we hit all time highs. Exchange wallets, even at US exchanges like Coinbase and Gemini, regularly have periods of downtime.
732.
by seibelj 5y ago
If the economy grows 2%, wages grow 2%, but inflation is 5%, this means people are losing money in real terms. This is stagflation.
733.
by seibelj 5y ago
Can Modern Monetary Theory finally be put into the coffin? We printed barely any more in comparison to their recommendations and the economy overheated immediately, so much so that the democrats are likely to be swept in 2022. Stephanie Kel
734.
by seibelj 5y ago
Andre "test in production" Cronje. I avoid the YFI mafia projects because he is either mentally unstable or purposefully screws with the communities in a type of sociopathy https://decrypt.co/37995/exclusive-y
735.
by seibelj 5y ago
My theory is Altman invested a shitload of money into a hardware startup that made an orb-shaped retina scanner. For whatever reason it doesn’t take off. Solution? Tie it to a cryptocurrency!
736.
Reddit AMA with Ethereum developers pre-launch (2014)(old.reddit.com)
1 points by seibelj 5y ago|0 comments
737.
by seibelj 5y ago
Cats do not do what you want, an owner is a passive partner to the cat. You have to make the cat like you, so it voluntarily comes for pets. Running a business is similar - no one automatically likes you or wants what you are selling, you m
738.
by seibelj 5y ago
Why would anything drop massively when they are endlessly printing money and handing it out? And yes commodities are an obvious choice during inflation. I am very bullish on oil.
739.
by seibelj 5y ago
There is a small benefit. However it’s a negative to the lenders which include many socially advantageous institutions like pension funds which purchase securitized debt. The negatives are so numerous it’s a struggle to find any upsides. Lu
740.
by seibelj 5y ago
Inflation hurts those without assets most (the poor). When you see pundits, opinion writers, and politicians try to explain away inflation as temporary, no big deal, a “first world” problem, “only” 5%, and so on just remember it’s a scam. T
741.
by seibelj 5y ago
But that's my point - the oppression under communism is just as awful, except now you can't even own anything. Propaganda
742.
by seibelj 5y ago
> The third story describes the suppression of rebellious students led by a character named Enrique at Havana University (featuring one of the longest camera shots). Enrique is frustrated with the small efforts of the group and wants to
743.
by seibelj 5y ago
Wow it looks like YC / HackerNews is going all in on cryptocurrency! Congrats YC team! For readers - a Senior Blockchain Engineer position is available! https://worldcoin.org/job/4001608004 HNers - apply now!
744.
by seibelj 5y ago
Yep - I don't support the government subsidizing this either!
745.
by seibelj 5y ago
Uber and Lyft are private companies. They have to constantly improve their service, and if they aren't providing value to their customers, they can ultimately fail. They also have tons of headwinds from regulations and hatred from poli
746.
by seibelj 5y ago
I don't know anything about political systems imploding, but it's possible the era of USD global domination is closing or at least getting significantly weaker, along with its weaponization of the banking system.
747.
by seibelj 5y ago
Central banks around the world printing trillions of dollars and handing them out?
748.
by seibelj 5y ago
There's a lot more adoption going on with big business. In addition to the most powerful people in government looking at crypto seriously, both Visa and Stripe are heavily investing in crypto teams and infrastructure. https:/&#x2
749.
Bitcoin Price Hits New All-Time High Amid Futures ETF Trading(decrypt.co)
4 points by seibelj 5y ago|0 comments
750.
by seibelj 5y ago
The price of Bitcoin would rise precipitously as traders tried to exit tether any way possible, as would all other cryptos.

More ›