zhdc1

14 ms·

91.
by zhdc1 4y ago
> I think my problem is that the last few decades the returns on stocks and property has vastly exceeded economic I agree that speculative returns are higher now than they have been in some/many historical periods. It's very li
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by zhdc1 4y ago
The underlying issue with "saving" is that the monetary system is setup in a way that forces you to invest in productive assets. Cash, as a store of value, is awful. You're guaranteed to lose 2-3% a year. The question becomes
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by zhdc1 4y ago
> As a retail investor, the most challenging part of investing is psychology, and DCA can help in that regard. Agree 100%.
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by zhdc1 4y ago
You can use Portfolio Visualizer (portfoliovisualizer.com) for this.
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by zhdc1 4y ago
> Has anyody done a thourough calculation with statistics and all? Yes. There's a lot of research comparing dollar cost averaging with lump sum investing. Lump sum investing in a diversified portfolio (total market ETF) almost alway
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by zhdc1 4y ago
Dollar cost averaging works when you have a steady stream of income that you're contributing to your investments and you have a heavily diversified portfolio. The reason being that, over a 5+ year investment horizon, a total US market
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by zhdc1 4y ago
Metaverse != Horizon Worlds != Augmented/Virtual Reality AR/VR is going to be an absolute game changer once someone produces an acceptable wearable that achieves mass adoption. Whether or not Meta is the company that succeeds at d
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by zhdc1 4y ago
> Driving along on cruise control, if a long downhill is encountered, the car will shift down to engine brake. That's cool. You can also downshift in a manual...
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by zhdc1 4y ago
Had a LackRack(ish) running in my closet for a year or so. It's a good and dirty way to free up space on top of your server(s) for a monitor and keyboard.
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by zhdc1 4y ago
> It is about 2-3x higher It's really not, at least when you compare OECD countries with one another. For instance, per capita healthcare spending in the US is 11.4K. The OECD average is around 5.7K Now, there are a lot of reasons f
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by zhdc1 4y ago
> The ONLY way to prevent this is to either stop offering loans or force savings in some way (taxes, etc). But apparently both those options are off the books. This is how the system is actually designed. Social security is a mandatory a
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by zhdc1 4y ago
> Housing is (along with healthcare in the US) a big part of why most people in the so-called "rich world" are in fact dismally poor, only one missed paycheck or turn of bad luck away from life becoming unlivable. Not really. L
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by zhdc1 4y ago
> The fix is to enable builders to build enough housing, and not just single family detached housing, by removing regulations which allow NIMBY-ism. This is the short term fix, and I completely agree with you. The long term fix is, aside
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by zhdc1 4y ago
> Landlords don't create added value. I'm skeptical that it is a necessary service; housing is necessary, but is renting housing necessary? Why would that be? There are many cases where this isn’t true. Many (most) residents in
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by zhdc1 4y ago
> What would be your proposed solution to this problem, as in how would you remake the real estate market in the US? Higher capital gains tax for investment properties to discourage speculation. The rationale being that it’s perfectly fi
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by zhdc1 4y ago
> Doesn't anyone feel uneasy about it, that more and more people are looking at real estate as a financial tool, not a basic human right to have a roof over one's head? It’s always been viewed this way, at least in the west. La
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by zhdc1 4y ago
> I mean how is this going to affect Silicon Valley since this is different than the dot-com boom/bust? It's hard for an organization to justify paying 4x to Person A when Person B has the same background. So, it comes down to
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by zhdc1 4y ago
> That reasoning makes sense to me. Do you think there actually _is_ some material disadvantage to co-operatives that leads them to be less economically successful than companies where shareholders have all the power and ownership? This
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by zhdc1 4y ago
> After all, shouldn't those who actually form the workforce of a company and shape the products and services it offers be in control? Why not have those who actually do the work collectively control the fate of the company, instead
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by zhdc1 4y ago
> when there are other solutions that are way more efficient I was explicitly clear that I was commenting on proof of work blockchains. Crypto has a whole host of other issues, but I agree that there are other blockchain/crypto-like
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by zhdc1 4y ago
> Yes, there is a question over the representativeness of Mechanical Turk workers. There are more fundamental issues. Having run several studies either with MTurk or panel providers who use MTurk to source some/most of their respond
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by zhdc1 4y ago
> So why are we still talking about PoW then? Outside of speculation and regulatory evasion, has there been a sufficient use-case for Bitcoin and other proof of work chains that justify the costs, inconvenience, and disruptive impacts th
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by zhdc1 4y ago
> His point was that it's not the electricity consumption (e.g. PoW mining) itself that pollutes. Yes, because demand doesn't drive supply... https://eurasianet.org/kazakhstan-energy-operator-cuts-crypt...
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by zhdc1 4y ago
It depends on what you're implying. You're simply not going to find good, consistent, loyal talent for $50K USD. That said, you should be able to find it at a higher price point under $200K. The simple fact is that most companies
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by zhdc1 4y ago
That it's even grown to be even that large is surprising.
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by zhdc1 4y ago
> Burning coal is also not really nice for the environment, so maybe we should all stop using electricity? We should, in fact, consider phasing out coal power generation. Which is what almost every OECD country has been doing for more th
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by zhdc1 4y ago
> Rely on taxes that can't be evaded I think this is the underlying issue. Anonymity is good and all, but the moment a known intermediary comes into the picture, it becomes a target for government enforcement. If you need a service
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by zhdc1 4y ago
> Is this an uniquely American angle? Who knows. Financial transactions seems to be a solved issue in most countries, so maybe there's a relationship.
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by zhdc1 4y ago
This comment shouldn't be flagged. The OP makes a very valid point with satire which, in this case, is relevant. Proof of work blockchain is horribly energy-inefficient. It's hard to justify it - on a number of grounds - as a solu
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by zhdc1 4y ago
There are $146B USD of daily transactions that go through the automated clearing house (ACH) system. While Visa doesn't give a daily transaction amounts, going off of sources online, in 2018, it looks like they processed around or slig

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