toly 🇺🇸

Bounty-6 is live! github.com/aeyakovenko/pe…

@x402perps @LoganJastremski Ideas are a dime a dozen. Launch markets with pmf.

@toly @LoganJastremski How acceptable is it for Percolator to steal our idea?

If I'm being honest I don't really care about decentralization If you ask 99 out of 100 people on the streets they'll agree as well People care about better products. If decentralization happens to make the product better great, but if not, delete it

A pig like that you can’t eat all at once

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Things are never perfect, that’s just the human condition. The best way to solve this is to get out of people’s way to solve their own problems. Someone needs a home, I have a property and I build two homes on it and sell one to that person. The more state interference with what I chose to do with my property the harder it is for me to solve that problem for my neighbor. The group rights on zoning density and all the other things overriding my individual rights to develop my property is what creates inelastic markets. No amount of cash transfers can help solve inelastic markets for any reason. Subsidies health care when housing is inelastic and all savings from health subsidies will bump up the price of housing.

To an extent, yes. Obviously the banks and investment firms that underwrite the assets have a better view of the housing markets and can price accordingly. Maybe the AirBNB COVID-era folks are finally coming due on adjustable rate mortgages that require massive slicing. I feel like you're overlooking the broad strokes of what I'm saying though. None of what I'm saying is a "pro-communism" stance; I'm only saying that capitalism and democracy can do better than we are now. Pretending like everything is either perfect or communism is reductive and unhelpful, so I try to look at the current best and say "what can we do better?".

@wedtm For the opposite to be true, that work is a larger share of the economy, it would mean people are working more to produce less and standard of living is actually lower.

@wedtm Are you being purposefully dense? Come on man.

@toly The quote is about *renting*, not owning. Maybe the corporation that owns the homes knows something we don’t?

@LoganJastremski A single owner of 100% of all the nodes distributed in the optimal way for price discovery can provide the exact same value as a decentralized system. This will only become important in the six sigma event when the owner does something bad.

@toly I thought the goal (if we are lucky) is price discovery Engineering sovereign money is🧠🪱

@wedtm They are non elastic because of Bernie. Shortages only persist because they benefit someone politically.

Non-elastic goods like housing is exactly what I'm talking about? Do most of the homeless have an iPhone and unlimited data? Sure, I guess you can call that "richer than ever". My original statement was that people could work 40 hour weeks and still buy an affordable house, like good ol' Buffett and Gates did. Is that wrong?

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You are just completely wrong. Corporate profits at 7% on average. The most profitable companies, aka Google, have the cheapest products and pay the highest salaries to workers. The median American is richer than ever. 10x higher standard of living than the global median. Non elastic goods, ca coastal real estate and Ivy League schools, are expensive because people will spend all their excess income on improving health, location and status, regardless of how marginal. And the exuberant costs are the 100% the fault of nimby politicians.

The anecdotal evidence of your father pouring tar in the hot Chicago heat doesn't align with the math of the wider US population. On average, Americans are working more hours for dollars that simply just don't go as far all while watching corporations book record profits year after year.

@LoganJastremski 💯

The worst sin and 🧠🪱 of this industry is thought that decentralization allows you to forgo the need to build great products that generate revenue back to the token The silicon valley mindset of ship mvp, iterate, get users, get to pmf, and make money still very much applies

@cavemanloverboy +1

MSTHDA(FTFT): make SOL $300 again (for the first time) discuss github.com/solana-foundat…

@wedtm I dont understand the point of the question

@toly Why didn't your dad just buy a house on the same block as Warren Buffett?

@wedtm Not true. My dad worked overtime pouring tar in the hot Chicago summers to save up to buy their first house. Homes are constrained by zoning, and that is ironically Bernie’s fault. Number of hours worked to afford a home is lowest where there is more construction.

@toly People used to work 40 hour weeks and bought houses for $60,000.

2 devs and a dream

Who’s building cool shit on Solana and wants to tell people about it?

@aaalexhl Have you tried it yet? Trying to get to 4 users

I'm a little confused A week ago you said its not serious competition but it is because of reasons?