karega
7.4K posts

karega
@karega
First principles thinker. Strategy · Finance · Data. Cloud-native systems & resilient infrastructure. Web3 architect. Building autonomous autodendritic agents.
United States Beigetreten Mart 2008
359 Folgt379 Follower

@DornerClipz @Covid1984116881 This is kinda true. He needs to wife max before the next year. The older he gets this won’t work. It won’t work now as I would never take serious any of the women that clout shark.
He needs to wifemaxx. And soon. I like this dude for some reason.
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@elonmusk @wholemars @WR4NYGov I've had FSD force me to disengage because of how aggressively it turned the wheel.
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@wholemars @WR4NYGov Logs show driver disengaged Autopilot four seconds before crashing
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The media is running a story today about how a Cybertruck “allegedly” crashed on a Texas highway. Spoiler alert, the crash happened while the human driver was in control.
The law firm, which is seeking $1 million, says that last summer Justine Saint Amour was driving her Cybertruck with Autopilot engaged. There’s just one problem — Autopilot is a legacy lane keeping system that never shipped on Cybertruck.
The driver then admits that before the crash they disengaged the system and started driving manually. Indeed, the video shows the truck starting to turn before the driver disengaged and drove into the wall.
Tesla hasn’t officially responded to the lawsuit yet, but available telemetry indicates the driver probably wasn’t paying attention, got startled, and crashed. There doesn’t seem to be any attempt to steer back towards the on-ramp in the video, rather you see the trajectory change from turning with the ramp to driving straight into it.
When you crash your car, people tend to put blame on anyone but themselves. A high profile company like Tesla, with a CEO who is the wealthiest man on Earth? Yeah, they kinds of BS lawsuits happen often.
Let’s wait for more data and discovery to take place, but based on the evidence i’m seeing so far that doesn’t look like something FSD — even an older V13 — would do.


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> you have a dream
> you tell your friends about it
> they smile and say "that's cool"
> you quit your job
> first month feels like freedom
> month two you wake up staring at the ceiling
> nobody is checking on your progress
> your girlfriend asks "why are you working so much?"
> you don't have an answer
> your parents call more often now because they're worried
> you're running out of savings faster than you planned
> you downsize your living just to survive one more month
> you stop going out with friends to save money
> after a few attempts, your friends stop texting
> your girlfriend leaves 6 months in
> you find yourself spending friday nights alone
> you check your bank account to see how many months you have left
> you delete your website and start over
> you almost send the "I'm open to opportunities" linkedin post
> one day while alone you hit yourself on the head 3 times
> a year in you've restarted three times
> month fourteen a stranger sends you money for something you built
> month twenty you replace your old salary
> month twenty four you double it
> you buy the apartment you always wanted
> you sit on the balcony with your coffee
> but with no one next to you to enjoy the view
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There are only so many loans that you can make that are "safe". Capitalist companies seek profit and to obtain more profit that entails more risk.
They attempt to hedge risk with things like increased interest rates, but all the poor have to do is forego credit to obtain lower rates. It's a supply / demand issue.
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@karega @LABenThomas @Mappy6984 Who in their right mind would make a risky loan for $700 when they could make a safer one for $1000? If there weren’t differential interest rates, loans for poor folks would just completely disappear. No one would lend to them. Your plan would deny them credit entirely.
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@anti_fay @theantferg @Mappy6984 You need to look at your contract. They add all kinds of fees that they don't tell you about. Not just TTL there are thousands of dollars of fees that they include.
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@theantferg @Mappy6984 And he said $700 with $8k down towards the end. I have almost exactly the same terms on my car loan. My credit score was 675 at the time I bought the car, they gave me $18%, car was $19,900, 54 month loan, financed $1300 in negative equity, and my payment is $545. Math don’t work
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@Mappy6984 The whole credit score determining whether you get a lower rate is a lie. You can have a prime credit rating but if your income is poor they will penalize you.
So this is bad for people who are low income. The best thing poor people could do is buy cheaper cash vehicles.
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@GUYFROMJERSEY42 @LABenThomas @Mappy6984 But if the person puts up $300 up on the $1000 then you are financing less money.
Financing is a scam because even individuals who have higher credit scores and lower income will still suffer high interest rates.
It's part of a system that abuses the poor.
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@LABenThomas @Mappy6984 Ok an example. You have $1000.
You want to lend it to someone. Both loans have the same interest rate. One person has better credit. To whom do you make the loan? To incentivize you to loan to them instead of the other the low credit person needs to offer more in interest.
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@leonabboud I remember when I saw some content from you and my business partner and I reached out to you. That was in July 2022. Can remember the PFP though.
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@PF3Machine @dcohen817 @Brian_Jaxson @PardonMyTake If you took a prime Melo and put him on a 16th seed he'd average 50 ppg.
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@dcohen817 @Brian_Jaxson @PardonMyTake Melo wasn’t playing on a 16 seed, tho. He had teammates that helped more than that.
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@dcohen817 @Brian_Jaxson @PardonMyTake This is a great point. You take any superstar in the NBA and they are averaging 50 ppg in the NCAA tournament.
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@Brian_Jaxson @PardonMyTake That’s a dumb thing to say considering just use Melo with Syracuse as an example who led his team as a freshman and now add in having guys who are all nba players they would dominate
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The premise I presented is international buyers purchasing US goods and services, which would be in dollars.
Domestically, the dollars are cycled through the economy as dollars. And internationally, using your assumption that dollars are spent in local currencies, value is saved in dollars.
And even in the case of spending in local currencies the goods and services locally are valued and denominated in dollars.
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Karega. Great article overall. But there are other factors that weaken it
There is one small hitch to your thesis. You assume that the money stays in the stable coin and is only used to buy goods or services in that stable coin or to stake that stable coin. But in actual practice companies living in foreign countries will want to convert to local currency in order to buy goods and services in that local country even if those are not traded in the stable coin. Why would they do that? Because the local money is the weaker currency and buys more goods and services in that country than it would in the US.
I will give you a specific example somebody selling a service for $300 or $300 usdc can purchase about 1 months cleaning services in Columbia but only 1/5 of a month of cleaning services in the US.
I grant you that the local cost value must supersede any exchange friction for that to happen. But an actual point of fact for example Columbia today that is the case it costs about 4% to exchange usdc for local currency but the savings on services in particular but also some goods can be as high as 75%.
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USD stable coins are the most fucking retarded thing ever.
Hurrr durrrr it’s $1 and only worth $1 and always will be $1
Uhhhh k. That means there’s no growth. Cool I don’t give a fuck. NEXT
karega@karega
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