Clouted
47.3K posts


$10M sounds infinite to some people. Until you have a family and you try to deploy it in a tier-1 city: Family of four lands in NYC with exactly $10M. Buys a normal 3BR on the Upper East Side - $6.5M. They now have $3.5M. Two kids at Dalton: $140K/year. Nanny + housekeeping + groceries + insurance: ~$120K. Family travels reasonably (no jet, just business class twice a year): $80K. That’s $340K/year burn. Their $3.5M at 4% generates $140K. They’re $200K underwater annually, drawing principal. By year 8 they’re broke and the apartment is the entire net worth. One divorce, one unexpected lawsuit, one bad health year, one school they didn’t budget, etc and they are one step away from poverty. You guys think like single 20 year olds and have no idea the kind of challenges that will come your way. You think it’s retarded but you will eventually understand.





We asked @VitalikButerin why he frames Ethereum's broader mission as building "sanctuary technologies" rather than open source or decentralization. His take: "We're in a less peaceful and less safe world than we were 10 or 15 years ago. 10 or 15 years ago, you were worried about banks getting bailouts and dollars inflating. 15 years later, the risk that the dollar is gonna go crazy is way more credible ... and there's much worse things happening to people than just having your currency inflated." "There is a vision of safety we're competing with. Basically, let's trust the uncle in the sky, and the uncle in the sky is going to figure everything out for us in exchange for taking away all of our privacy and all of our agency." "We want to be safe and at the same time empowered. We want something that continues to keep us in control and at the center in a way where we have agency." @sodofi_ @binji_x



ChatGPT allegedly shares your chat query topics, user IDs, and email addresses with Google and Meta, according to a new class action lawsuit filed today.








