Crypto Donkey
2.5K posts
Crypto Donkey
@CryptoDonkey411
BTC. ETH. DeFi. Carrots. The coin is what the coin does.
Katılım Aralık 2021
79 Takip Edilen25 Takipçiler
Does where you went to college actually matter anymore?
Outside of going to one of the top 10 schools (Harvard, MIT, Stanford, etc) the rest of the schools basically feel like they’re all the same
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@dannydeezy It’s because this is not how money works in the 21st century. Cash is a bearer asset, not the money supply.
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I recently went to withdraw $24,000 in cash from the Wells Fargo in the wealthiest neighborhood in San Francisco
The teller was rattled and went to get his supervisor, who asked him “Do we have enough?”
After a scramble (and asking if I would take some in 50’s) they came up with enough, but this did not inspire confidence….
The banks don’t have your money, folks
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@balajis Pretty sure this is called failing up and it makes you a joke, not a “counter-elite”.
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This illustrates the two different economic strategies available today.
You can become a elite, by joining a safe bureaucracy where you can’t speak your mind.
Or you can become a counter-elite, by starting a risky venture where you speak directly to the market.
SMB Attorney@SMB_Attorney
The interesting part of the “Penn-Disney-Barstool” transaction in a nutshell: Disney basically told Penn “we’ll acquire (rescue) you, but you gotta lose Portnoy and Barstool.” Portnoy knew he had Penn over a barrel. No divestiture of Barstool meant no deal with Disney. So, Penn *gave* Barstool (a business they paid $551 million for in 2020) back to Portnoy, in exchange for a non-compete in online gambling and one-half of the proceeds of a future sale of Barstool. Slice-and-dice this however you want, but Portnoy woke up today dramatically wealthier than he went to bed last night, due to Penn’s desperation and Disney’s inability to touch “bro culture.” The legend of Dave Portnoy grows.
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@adamlevitan @LateRoundQB It cannot possibly be right but you have to adjust to market. Underweight but not zero.
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New pod up: A decade ago Mr. @LateRoundQB literally wrote the book on the Late-Round QB strategy in #FantasyFootball.
Now QBs are going in Rounds 2/3. Could that possibly be right? How should we respond? Is there still a viable late-round QB strategy?
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Last thing on this:
If anyone out there wants to acquire ETR for $551 million. And then give it back to us for $0 three years later... we will hear you out. TY in advance.
SMB Attorney@SMB_Attorney
The interesting part of the “Penn-Disney-Barstool” transaction in a nutshell: Disney basically told Penn “we’ll acquire (rescue) you, but you gotta lose Portnoy and Barstool.” Portnoy knew he had Penn over a barrel. No divestiture of Barstool meant no deal with Disney. So, Penn *gave* Barstool (a business they paid $551 million for in 2020) back to Portnoy, in exchange for a non-compete in online gambling and one-half of the proceeds of a future sale of Barstool. Slice-and-dice this however you want, but Portnoy woke up today dramatically wealthier than he went to bed last night, due to Penn’s desperation and Disney’s inability to touch “bro culture.” The legend of Dave Portnoy grows.
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@jdcmedlock Unemployment insurance trending towards 150% of income explains basically everything about Covid economics.
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I'm tired of dunking on this sort of stuff, but I do think it's important that we remember that we had the most generous unemployment insurance in world history for a moment there — that was cool and we should savor the memory
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@njoybetz Wait until you learn about the stock market! The financially illiterate love to call it gambling but the dirty secret is our entirety society is structured around propelling it ever upward.
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@AlgodTrading The cognitive dissonance you are feeling is due to the erroneous idea that the middle class has been pushed into poverty. Things are not breaking because they are actually much more fine than they will ever let on.
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I’m not a macro expert but i know something has to break
High interest rates + inflation made buying homes nearly impossible, middle class pushed into poverty because price increases
Not sustainable at all, does not make any sense how we act like nothing is wrong
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@DrewPavlou @gbrl_dick @peterrhague And if they actually do throw their overstrained youth into a war with the west the country will completely collapse.
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@gbrl_dick @peterrhague They are following the same trajectory as Japan at a far earlier stage of development
And as Pettis argues, if Japan couldn’t make the structural adjustments necessary in the 80s as a democracy, almost impossible to see the Party making required structural changes
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@claudemorton @mattyglesias Just completely false. Real wage growth is *strongest* right now for low wage workers.
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Low unemployment, rising wages (with the fastest growth at the low end), inflation falling, and near-record prime age labor force participation doesn't seem "decimated" to me.
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Projecting Cam Akers, Miles Sanders, James Conner and Rachaad White in fantasy football land this season
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@Fourteia @art_src @Teslamojo @paulg @JoshNathanson4 More like publicly available financials and knowledge of accounting arcana
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Talking to people running public companies has made me realize there is always going to be money to be made in the public markets, because prices are set by buyers who've only done the most superficial analyses.
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@andersonbcdefg Did you know the exponentials are the eigenvectors of differentiation? That’s we we use them and not just any orthonormal basis!
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You’re powerless. You’re weak. You’re unemployed. You do not understand the Fast Fourier Transform. You have no assets. You have no legitimate network.
You will never be a scientist. You will never build predictive models. You will never discover fundamental truths. You can’t do shit about anything except bitch and bully on Twitter to people who don’t give af about you but only the memes you steal.
Benjamin Barber@endomorphosis
@Katerationopia @schwatd2 @Lormif1 @KathrynTewson @Eodyne1 @chadcmulligan @riScorpian @col_bosch @JosephPoulin175 @NoLongerBennett Cope, and seethe, I bet you dont even know how to use the fast Fourier transform. en.wikipedia.org/wiki/Fast_Four… You will never be a scientist, you will never build predictive models, you will never discover fundamental truths, nobody will ever intellectually respect you or what you say
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@ssankar @matthewstoller F-35 development started almost 30 years ago. I think many of the systemic problems with that procurement were solved a long time ago.
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@matthewstoller Counterfactually if we had two competing F-35 initiatives would we have gotten a better product faster and more cheaply? Should we allow procurement offices to have a monopoly inside the Pentagon? An aesthetic of non-duplicative inefficiency vs. duplicative efficiency.
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For some reason people get very angry when you show Pentagon spending as a percentage of GDP is at near record post-WWII lows.
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@Caviar_Kat @DanielleFong Sadly space is probably for the AI’s. Organic life is just fundamentally unsuited for the stars.
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@DanielleFong I have a question. If G forces gravity and the atmosphere are what prevents us from going at extreme speeds within the atmosphere. What prevents us from traveling at high speeds in space?
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imagining if ʻOumuamua were a hunk of superconductor some type 2 Kardashev civilization lost track of, and it’s just been accelerating and ping ponging off the interstellar magnetic fields ever since
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@DanielleFong Don’t say this to the remote work people they get very worked over even a hint of water cooler mythologizing
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people don’t understand this, but because of the collapse of industrialized society (manufacturing leaving the west) whole generations of smart people in various fields simply didn’t pass on skills.
in advanced manufacturing, *most* of the top talent is the equivalent of hedge chemists, or taking side gigs as data scientists, or are hobbyists, or retired. i assume this is Not true in China.
the point is a lot of new expertise needs to build up here. a lot of that is going to come from outsiders, reviving lost arts, and sharing what they learn along the way, unlocking new resources.
cc @SamoBurja
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@orloski_daniel @Wertwhile People love bitching about cost of living while out on the lake in their new boat
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@Wertwhile I disagree right now cost of living is what's hurting us. Bragging about the unemployment rate is not going to help when people feel like they're paying more for things
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@not_devydev @CaseyYoung1 @david_perell Eh sometimes you actually can. PCIe and RAM are fickle and can do weird things.
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@CaseyYoung1 @david_perell Yeah computers are just expensive legos. They only (meaningfully) fit together one way, you can’t just swap random stuff around and get “moar gainz” 🤣
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One of my smartest friends only reads 3-5 books per year but rewrites every page in his own words as he goes through it. Then, he summarizes the entire book once he's done. He reads only the best books, but very carefully. This is the kind of reading we should be encouraging.
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