Contango_Cowboy
1K posts

Contango_Cowboy
@ADHD_Options
Option Trader. Austrian economics. Contrarian.
Nagoya, Japan Katılım Kasım 2024
1.3K Takip Edilen909 Takipçiler

This Japanese lunch staple is a steal at only 1,000 yen ($6.40) or so. @GearoidReidy explains why the beloved meal though may be under threat 🎥
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I went to Team Lab Planets this weekend in Tokyo, so you don’t have to.
Basically a warehouse you walk through with annoying wannabe influencer types all trying to get the same pics with zero consideration for others.
Dark, disorientating, barefoot in lukewarm water with 100 strangers of questionable hygiene.
Honestly, I would rather have gone to a coffeeshop and chilled with a book 😅



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Raise wages and hire locals?
Japan Today News@JapanToday
Restaurants in Japan hit by visa pause for high-demand foreign workers: Restaurant operators in Japan have been forced to review their approach to hiring foreign workers since the government suspended the issuance of special visas… japantoday.com/category/busin… #japannews #japantoday
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@aigonewrong @thoughtcrime___ Haha yes, what is said is often not what is actually meant right ?
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@ADHD_Options @thoughtcrime___ 🤣
airbnb host: how dare you flip through my closet.
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@turtlecute33 @RichLassiterMD And that was too much centralized mining power so Satoshi requested he scale it back and he obliged ?
Gentleman move.
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@ADHD_Options @RichLassiterMD Not every, but 20 to 30% is quite possible.
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Bitcoin Pizza Day is the wrong story.
10,000 BTC for two Papa John's pizzas. Everyone knows the number. Almost nobody knows what happened 12 days earlier.
On May 10, 2010, Laszlo Hanyecz posted the first working GPU miner for Bitcoin on BitcoinTalk. Until that day, everyone mined on CPUs. GPUs were orders of magnitude faster. By December 2010, Bitcoin's total hashrate had jumped 130,000%.
Laszlo's wallet received over 81,000 BTC between April and November 2010, almost all of it from his own GPU rigs. 10,000 coins sounds like a fortune. For Laszlo in 2010, it was about a week of mining.
He didn't stop there. Laszlo later admitted he spent close to 100,000 BTC that year. Pizza, random stuff, more pizza.
The reason matters. Satoshi had messaged him privately, saying GPU mining was bad for the network. Fair distribution needed CPUs. Centralizing hashrate broke the design. Laszlo agreed. He said he felt guilty for "crapping up the project".
So he cashed out. Not into fiat. Into anything that wasn't BTC. Pizza was a convenient target.
The most famous transaction in Bitcoin history wasn't a guy who didn't get it. It was a mining pioneer apologizing for his own breakthrough, paid in the coins his invention let him mine.
This Friday, when the pizza memes start, remember the second story.

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@cantonmeow Good take, Japan doom posters have no clue. I’ve been reading of the “end of Japan” for 15 years now.
A great deal of innovation and ingenuity operating within the Japanese economy keeping things moving despite the odds.
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I was just doing some research into the Japanese economy, and I'm impressed by what I read.
With an aging and shrinking population and facing severe labor shortages, they're probably more motivated than most to lean on AI and robotics.
Japanese yen is still much cheaper than the US, and their rate hikes have been a joke compared to what the US has done over the last 4-5 years.
The market knows this and rewards the #Nikkei accordingly.
Meanwhile, people were and are still screaming about the yen carry trade unwinding as both the US and the Japanese market scream higher.
I'm going to have a whole lecture on the overstatement of the yen carry trade unwinding once I release my course, backed with some hard data.

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@JoshDehaas @MVdlJCardinal You’re not voting your way out of that mess.
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In Japan, if your bullet train is 90 seconds late, the company apologizes. In Toronto, delays and shutdowns are a daily occurrence with zero accountability. But it doesn’t have to be this way. First step: VOTE in a new city council that is are willing to hold the TTC accountable.
Matt Gurney@mattgurney
A mere 22 hours without meaningful explanation.
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I have, over the last five years, attended the funerals of the founders and retired chairmen of nine small-cap Japanese companies I own, in cities I do not live in, for men I have never met. I fly in the night before. I buy white chrysanthemums at the train station, because a Japanese friend told me, once, that white chrysanthemums are correct, and I have not deviated since.
I wear a black suit, a black tie, and a white shirt. I arrive 30 minutes early. I bow at the entrance. I bow at the family. I bow at the urn. I bow at the photograph of the deceased, who is always smiling in a way that suggests the photograph was taken at a company event in approximately 1994. I place an envelope of cash in the box at the door, in the correct denomination, prepared in advance, in a special envelope I order from a Japanese stationer who has, by now, learned my address.
I sit in the back. I watch which executive bows lowest to the widow, because that man, statistically, is the man who is about to be promoted. I watch which competitor has flown in to pay respects, because that company, statistically, is the one that will make the offer within 16 months. I leave after 40 minutes. I have not been spoken to at any of these funerals, by any person, in five years.
I attribute this to the fact that in every Japanese funeral I have ever attended, there is always one quiet foreigner in a black suit nobody knows what to do with, and I have, in a precise and unintended way, become that man.
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Contango_Cowboy retweetledi


Let’s say there are $30 Trillion dollars in circulation.
-You buy shares in a company for $100
-5 years goes by, and now there is magically $40 Trillion dollars circulating.
-Shares in the company have risen to $133
-You owe capital gains taxes for the appreciated amount.
It is completely unjust you cannot pro-rate your investment assets to the amount of dollars in circulation at the time you made the investment.
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@CLeyhee @BitcoinNewsCom Thats probably exactly whats going to happen, conducted in unison with other trading economies to mask the devaluation on a vis-a-vis basis to other currencies.
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@BitcoinNewsCom Why don’t they just print more money and buy those bonds off the market? Simple. Civilization and citizens be damned.
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@rieglobe True, I receive many compliments on my belt buckle and hat in Japan.
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the cowboy and samurai spirit still lives on in weebs
Crémieux@cremieuxrecueil
There's a surprisingly large amount of old, original Japanese artwork to be found in antique stores in the Western U.S. I'm not sure exactly why, but a lot of cowboy types (including Remington) were fascinated with Japan.
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