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Marcelinho
d60397e8a390b41dd17551b04be27ad26831beb6d55a98a1f14d94ec2fe3fde0
just a tinkerer who loves to say GM ☕️🌞 https://github.com/marc3linho

github has flagged one of my accounts again …

I try to only give books away (e.g. christmas, birthdays …) and then when they have more questions I flood them with more resources

sounds so logical to me

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Replying to Avatar Blake

Effectively they prop up monopolies by injecting regular cashflow, not because of their business value, but because of their current size and place on a list.

A few key points to make.

1. I have personal index fund investments. I have no idea where the money is invested - it’s a black box. Am I am Investor in a Covid vaccine bullshit Shop - I fucking hope not. Am I? More than likely, indirectly via index funds.

2. Countries like Australia with a super scheme (10% salary mandatory retirement contribution) force literally the entire workforce of Australia to invest in the top Australian companies. Unless you have 1MM plus to self-manage, you get the super investment flexibility of low, medium or high risk.

Four of the top six Australian companies (ASX) are all banks. Are Australian banks innovative? No. Competitive, no. Do Australian’s like the big banks, literally no one. Do the banks get reliable investment every quarter from everyone’s super contributions - yes.

3. Index funds have made sense from a risk perspective, because the indexes are rebalanced quarterly for example, and you effectively invest more in those valued higher than before, and less in those who didn’t track as well. However, when you have companies propped up like in Australia - you get the “too big to fail” problem that plagues banks world wide.. “we better bail out the banks again”.

It’s not as simple, and these are specific cases, however ultimately indexes are blindly funnelled investment into a common set of companies, at regular intervals (cashflow), without any real sense check or validation of value and merit.

However, I think Bitcoin fixes this long term. It’s diversified across currencies at least. And the more businesses that transact in Bitcoin, it becomes part of their growth too - without needing to invest in index funds to prevent deflationary pressure.

thank you for explaining your point of view.

I can completely understand your opinion.

I think Twitter is unfortunately still the best platform to reach "nocoiner" and protect them from Shitcoins

I hope that by 2036 many people will have understood.