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Ask HN: What do you think the world would be in 6 months – 1 year

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11–20 of 34 posts

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#12

crypto is seeing massive changes, I'm sure it's gonna play a big part. my eyes on Ethereum PoS and EIP-1559

How do you think the crypto use would evolve ?

For the moment, I see it as a new way to speculate. Here, we are asked to declare it for our tax income. In other countries, the use is forbidden. So, in any case, the state tries to keep control on it, which limits usability and adoption.

I think it could be a protection against inflation or deflation, (even if it has its own volatility), as it is not indexed on a specific money providing a form of local stability.

However, PoS or PoW, it is almost the same. Big/rich have the capability to invest / buy machines while poor cannot. So one or the other option seems equivalent.

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#13

crypto is seeing massive changes, I'm sure it's gonna play a big part. my eyes on Ethereum PoS and EIP-1559

How do you think the crypto use would evolve ? For the moment, I see it as a new way to speculate. Here, we are asked to declare it for our tax income. In other countries, the use is forbidden. So, in any case, the state tries to keep control on it, which limits usability and adoption. I think it could be a protection against inflation or deflation, (even if it has its own volatility), as it is not indexed on a speci…

PoS is important for adoption. regarding investing you can join a pool you don't have to have your own dedicated miner - pooling is even encouraged to secure the protocol.

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#14
In six months we'll have a clearer idea of where US inflation is heading. Particularly wage inflation. The velocity of money is down, so there's money waiting to be unleashed, stuck by uncertainty. Which asset will benefit? Bonds have been great for 40 years, and we expect to see interest-rate trouble to first show up outside the US. Stocks and income property seem very high.

I don't know the answer, but things will have shifted in six months. Hope that the shifts are gradual.

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#15
I don't know about the world but we have over 3 years until the next U.S. presidential election. That means things should be pretty stable/ unchanged for at least 3 years.

I'm not sure what your question is getting at, the world will most likely be similar to how it is now in a year.

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#16
In the western world a lot more will die, hopefully most of them because they weren't vaccinated. In the non-western world a lot more will die because they couldn't get the shots. This also means that there is always a risk of a new covid variant that does not care about the vaccine.

I don't see new lockdowns unless we get a variant that can reliably breakthrough the vaccines. The reason is simple: lockdowns were barely accepted before, they won't be when it is percived to be peoples on fault.

On the downside: we are now seeing the effects of global warming, and the hurricane season has only barely started. No this doesn't mean we will do anything about it, but it does mean that it could get ugly, especially if the US gets hit with several large hurricanes.

Of course all of this assumes China won't do anything momentarily stupid, like trying to take Taiwan. Then everything is up in the air.

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#17
Economy: So many pieces have been shuffled around, intervened with, and exposed to different business climates that what we are experiencing(and will continue to experience) is like strings on a marionette breaking, making it swing out of control. Think of the chaotic nature of shortages that we've experienced - the illusion of smoothly controlled supply logistics is broken. I do believe the inflation narrative will really kick in at some point, but I also suspect it'll be milder than we thought because there are many parts of the economy that have had a reset to norms, which creates opportunities for newcomers with higher quality or productivity to establish themselves. Not every city is going to turn into a Detroit because of one pandemic - the vacant storefronts will get used eventually for something, and whatever the something is, it'll probably represent more effective land use than what came before. So I see it as a case of real GDP, employment, wages rising transformatively in some instances. The foundational premise of minimum wage service businesses, for one, has been getting tested by pandemic-related intervention. When minimum wages get pushed up universally, businesses tend to look for capital deployments that let them pay fewer employees more. That could read as inflation, but also be experienced as a boom, depending on what side of things you're on.

Pandemic: Stop and go behavioral cycles will persist for some time to come. While the death rates are fading wherever vaccine deployment has taken hold, my initial thought that it would feel "over" for me when everyone I knew was vaccinated has not come to pass, because I realized that I don't want a "mild" case of Delta, but neither do I want to stay home. So I go out places still masking and have invested in new fashion masks, and this is probably going to be a generational shift.

Social/Culture: One of the biggest things happening right now is the loosening of the Boomer generation's grip on power and culture. It was going to happen anyway, but the shock of the pandemic gave it a kickstart as more people decided to make their life change now and not wait. In every town people want to be in, there's been turnover, and that is a resetting of the narrative, a opportunity for a new social life. If we take Stauss-Howe's generational theories as true, it's the shift from 4T to 1T - the ongoing resolution of a slowly unfolding crisis resulting in new societal baselines. Nobody I have met in person since reopening, when visiting bars etc., has wanted to connect online or asked "so what do you do" (which was seemingly ubiquitous in the US not so long ago) - cautious interaction, self-rediscovery, resetting of beliefs seems to be the trend. This is going to come with some fallout to "losing" group affiliations - anyone who senses their old group is falling apart, which many of them are(political groups, economic alignments, etc.), gets frantic and reactive. For a historical example, the Turner Diaries is a prime example of the kind of screed written by someone who feels their world has been "lost", framing it as an incoherent apocalypse in which the worst actions are justified as good and sensible. Expect a continuation of mass shootings and the like from people who think that the government has had a Commie takeover or somesuch.

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#18
I expect that we will see a continuation of a stratified society. finances are being reigned in by nation states, so there will likely be a continued increase in regulations and a decrease in accessibility but also less scammers - just chartered ones allowed.

war will increase online and there will be a rise of a new terror cell likely in so called response to the increased lockdowns around the world when the world has now begun to reopen as they will now have mobility again.

this will be used for all agendas alongside the health reasons and together they will be restrictions on particular countries and more sanctions.

technology will likely continue to be improved and money will continue to flow to the the companies which invest in automation

Re: Ask HN: What do you think the world would be in 6 months – 1 year

#19
Thanks, that is a great question! It is also a topic that my family and friends prefer not to discuss, so I appreciate being able to express this:

I think that corporate profits and people with high-value job skills or their own profitable companies or farms will be in fine shape.

For the middle class and poor: inflation will get a lot worse and hurt these people. In the USA, it seems like neither political party is supporting small businesses, and why should they? Mega corporations fund both parties, not individuals and small businesses.

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