Matt Mežinskis does a great job of answering the question of whether there's more money out there or less. That's all like 99.9% of people need to know.
Can we please stop messing with the base layer?
is this real? there’s no fucking way https://nostr.build/av/5a3ecbff29d573430d4fe0900efa62267dfe6d3378e27fff2668c795e74e4c3e.mov
He wants a startup to create a decentralized coin. Got it
Trusting the government's reported inflation rate is like giving your students an assignment to write a paper by the end of the month and then grade it themselves
I think we have a larger buffer zone before we get to a tipping point than most think but everyone I'm close with is talking about inflation on a regular basis
It's probably smart to rely on anecdotes like that when the "official data" you're given is being provided by a party who has an obvious incentive to have that data read a certain way
If you have a budget and because of inflation can no longer make it work the easiest things to shed to give yourself some breathing room are the small luxuries, Netflix, gym membership, Amazon Prime, Spotify, etc.
Those are going to be the first things you see people ditching when inflation worsens. People selling their cars or houses doesn't come until inflation has choked people to death. Those are last resort type of moves for most people.
It got laughed at a little bit on RHR, but I thought Jesse's point about the large number of Disney+ subscription cancelations recently being a strong indicator of people really feeling inflation was spot on.
Once you make eggs this way you will never go back. https://youtu.be/VhJFyyukAzA?si=lgM5fSaT2X8HnKQM
if the yolk doesn't run you've ruined it
One group of people will tell you China is already the most powerful nation in the world and getting stronger while the other tells you they're on the brink of a complete economic collapse
The bitcoin macro guys love to say they see bitcoin as a world altering innovation, but then make predictions about the future based on what happened in similar scenarios before bitcoin's time.
Listening to these 3 macro guys try to navigate what happens next on nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z's recent pod while using metrics they admit are flawed is mind numbing. You can't make consistently acurate predictions of complex systems with minimal perfect data let alone using minimal data that is cooked to benefit the person providing it.
Sure it's fun to guess and speculate just like it is on a baseball game, but no one has any clue what's going to happen.
Stay humble stack sats.
I use this thing like once a week and it has never failed me
https://www.amazon.com/Crock-69145-02-Artisan-Enameled-Sapphire/dp/B01H0CFMPS?th=1
If you have don't have a huge budget but want to put some money into your cooking game do yourself a favor and buy a cast iron dutch oven
Let's be honest and admit Portnoy is right that the vast majority of bitcoiners own bitcoin to increase their wealth. The fact that bitcoin helps others is a bonus, but bitcoin wouldn't be nearly as popular if it didn't protect your wealth.
Bitcoin's incentive structure was built to take advantage of human greed. All bitcoin holders benefit from the greed of others whether they're living in an undeveloped country or in the west and have a billion dollars.
The dollar has already failed as long term savings vehicle for everyone (You can't save for retirement in dollars)
The dollar is starting to fail as a medium term savings vehicle for many people (You can't save for a downpayment on a house in dollars)
How long until the dollar fails for short term savings? (You can't save for a vacation in dollars)
I don't care if a client wants to add in their own algo as long as I can toggle it off. Though I will say I'd prefer the algo not be the default setting when you first use the app.
Alright this was much better than expected. Dave gets it.
Half way at least.