spinchange

9 ms·

31.
by spinchange 4y ago
The Yard sale model in this post demonstrates that rich people are not necessarily better at allocating capital even if/as they accumulate and compound it faster. The military is NOT where most spending goes - most spending goes to the
32.
by spinchange 4y ago
The Philistines likely saw Goliath as a poor victim of David, too.
33.
by spinchange 4y ago
You read the economist piece as a bullying pile on? Maybe you're seeing just unpopularity and don't understand it.
34.
by spinchange 4y ago
There is another contingent of "many," who feel personally protective of Musk and like he needs to be vigorously defended no matter what. It's usually people who have no personal connection to him or his companies but idealiz
35.
by spinchange 4y ago
"An extreme shortage of good-quality collateral was why the GFC happened" It started with a housing boom in America and housing is not generally poor quality collateral. More money was lent than could be repaid because of the way
36.
by spinchange 4y ago
"...Because there is no central authority controlling who can participate, decentralized consensus systems must defend against Sybil attacks, in which the attacker creates a majority of seemingly independent participants which are secr
37.
by spinchange 4y ago
A million times, this. You see extremely smart, rational, people start to attribute all kinds of personalized and emotional motives to things that are literally systemic, technical finance.
38.
by spinchange 4y ago
Government cannot create a bottomless supply of renewable energy by pen stroke. Proof of work mining is taking exponentially more resources out of the universe that anything facilitated by it is giving back to the economy or anything. It&#x
39.
by spinchange 5y ago
What else is there to the narrative? This stuff is predominately solutions in search of problems and they are not innovative except for trying to financialize and/or securitize every conceivable digital artifact imaginable. It sucks co
40.
by spinchange 5y ago
Yes, ETFs and Mutual funds are both registered securities. They are regulated instruments/investments. They could not be sold, legally, if they were not registered with the SEC (it doesn't have anything to do, specifically, with
41.
by spinchange 5y ago
Timeout, did anyone consider that services would indeed naturally be more profitable, on net, than making and selling hardware? Look at gross revenues: most of the company's SALES are from selling TVs!
42.
by spinchange 5y ago
This needs to be inverted: crypto thought it could kill banks, institutions, trust itself. None of those things is actually true In practice, and to be successful at scale it's going to become integrated and enmeshed with all of the th
43.
by spinchange 5y ago
Alphabet's name change was part of a corporate and equity (shares) restructuring and also a change of the executive leadership guard and/or board, no? Perhaps that's going on at Facebook too. I don't think it is incident
44.
by spinchange 5y ago
The conditions in the residential real estate and mortgage markets are so much different now vs the late aughts. Lending is more conservative, appraisals are more conservative, borrowers are stronger, and there's not a glut/oversu
45.
by spinchange 5y ago
"North Korean hackers steal billions in cryptocurrency. How do they turn it into real cash? – MIT Technology Review" https://www.technologyreview.com/2020/09/10/1008282/north-ko...
46.
by spinchange 5y ago
I mean that you're literally playing fast loose with facts and are incorrect. If you are curious.
47.
by spinchange 5y ago
Actual misinformation. Dimon's bank was one of the strongest ones and wasn't making or wholesaling subprime mortgages. It was able to acquire Bear Stearns for less than the value of Bear's real estate owned.
48.
by spinchange 5y ago
Has this firm or its leader ever been popularly known or regarded for high ethical standards?
49.
by spinchange 5y ago
Inflation was an issue even before the existence of central banks though.
50.
by spinchange 5y ago
If all national currency is doomed to fail what makes you think something like blockchain projects are built to stand the test of time?
51.
by spinchange 5y ago
Proof-of-work is necessarily a resource-wasteful scheme. I think it's okay to make a moral judgment about that with regard to it becoming the world's most expensive game of guess the number, principally for speculative purposes. W
52.
by spinchange 5y ago
And a global health pandemic that's harder to peg than inflation
53.
by spinchange 5y ago
No sound???
54.
by spinchange 5y ago
The value proposition for decentralized, hard money assets and related tech is bear not bull case, about the broader world and economy around us.
55.
by spinchange 6y ago
It's not really physical collectibles that need this, it's digital ones. (Physical collectibles have popularly accepted professional grading services that authenticate and certify) So then I guess the question is why isn't a
56.
by spinchange 6y ago
Things like deeds and titles aren't necessarily locked away without visibility but are necessary to prove ownership in a court of law, the venue where doing that is most consequential. Technologically, it's redundant and unecessar
57.
by spinchange 6y ago
Mortimer Adler is kind of fascinating figure in popular culture of the past. The closest kind of parallel I can think of now to him would almost maybe be someone like Maria Popova but that's not entirely a great comparison either. He r
58.
by spinchange 6y ago
If you consider the amount of investment dollars parked in gold and metals relative to the amount of total investment dollars/flows in other financialized assets, isn't the answer kind of self evident? Sure, there are worse stor
59.
by spinchange 6y ago
Did Android become Ford's platform or did Ford become Google's?
60.
by spinchange 6y ago
The people who came the closest to successfully commercializing RSS (before selling that venture to Google) ultimately came to run Twitter for a few years after Ev and Biz but before Jack took it back over. https://en.wikipedia.o

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