Earlier quoted context omitted.
I've corrected my comment to say 'investigation' instead. The point still stands as I'm sure you're aware.
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What Is Going to Happen in 2019
61–70 of 112 posts
Re: What Is Going to Happen in 2019
#62Earlier quoted context omitted.
Clinton was impeached.
..by the Republican majority House of Representatives. It can be roughly equated to being charged with a crime. The Senate held a trial and voted for acquittal and therefore no action was taken. Two thirds of the Senate must vote to remove a President from office.
Re: What Is Going to Happen in 2019
#63Guessing the direction of interest rates and speculation about supposed crimes the president did (for which at this point there has been no evidence of) is a pretty poor foundation to build predictions upon since there's a good chance rates stay flat in 2019 and Mueller comes up empty. In that scenario, the stock market still has downward pressure because of the insane valuations, but the storm clouds outlined here f…
Actually, there's a lot of evidence for "supposed crimes of the president". Some of his closest advisors (Cohen, Flynn, Manafort) have been convicted of felonies. All of them have cooperated to some degree with Mueller. The fact that Mueller asked for no prison for Flynn says a great deal about how valuable Flynn's testimony has been. Who else would Flynn be testifying against that's so important to Mueller that he'd…
Re: What Is Going to Happen in 2019
#64VCs are going to talk up things that they’ve invested in, but his emphasis on crypto as meaningful in any way beyond a temporary buzzword and a sink for suckers’ money is pretty indicative of the amount of trust one should put in his predictions. Skimming his recent articles, including the look back at 2018, it’s clear he sees crypto as a hedge against political and economic instability, but the irony is that crypto’…
Instead of starting with decentralization in your thinking and then trying to find value through that, start instead with de-institutionalization. The potential of crypto is not the individual currency but the network of currencies.
Our parents/grandparents invented the internet but didn't find ways to turn it into what it is today. Our generation invented the blockchain but it will be our kids who will end up turning it into valuable infrastructure. They will not be limited to understanding and applying it like we do but be able to think about it from a "born blockchain" perspective.
We keep trying to think how we can use it for things we already have solutions for which is of course not really going to do much. Instead we have to think about things that we don't have solutions for and which can't be done easily.
CryptoKitties is one of the best examples of how this can be used and if you think that is silly then you are right so are many other ideas that end up turning into amazing businesses.
So I say, let a million cryptocurrencies bloom it's the network itself that's the utility not the individual currency.
Re: What Is Going to Happen in 2019
#65Earlier quoted context omitted.
Democrats will control 54% of the next House. So his prediction is much more likely in 2019 than in any previous years. There's no reason to think this is based on politically-motivated wishful thinking.
That gives them the ability to functionally accomplish nothing, so it doesn't move the needle at all.
My personal, political hope is that the democrats try to be productive with the republicans in Congress and the White House - but of course maximizing the results of their leverage on the process. Unfortunately, there’s not much room for optimism from how the republicans denied cooperation with the democrats during the last administration.
Re: What Is Going to Happen in 2019
#66Re: What Is Going to Happen in 2019
#67Same author's predictions from 2018: https://avc.com/2018/01/what-is-going-to-happen-in-2018/
Re: What Is Going to Happen in 2019
#68VCs are going to talk up things that they’ve invested in, but his emphasis on crypto as meaningful in any way beyond a temporary buzzword and a sink for suckers’ money is pretty indicative of the amount of trust one should put in his predictions. Skimming his recent articles, including the look back at 2018, it’s clear he sees crypto as a hedge against political and economic instability, but the irony is that crypto’…
There are many kooky economic experiments in crypto right now that are not only 1) Not failing miserably, but 2) Are growing steadily. Decentralized financial products like MakerDAO and Compound Finance are very interesting. Augur is a prediction marketplace that was pilloried for having some 30 users per day when it launched, but now has around $2 million in open interest. It is very early days, and it is quite comp…
Re: What Is Going to Happen in 2019
#69Nothing of interest. Ctrl-W.
Re: What Is Going to Happen in 2019
#70People said this exact same thing about trump in 2017 except with the impeachment date being 2018 instead of 2019. I would be willing to take the opposite side of that bet. The odds of impeachment are slim based on the rarity of past occurrences, and House democrats have expressed reservations about impeachment. Even if impeached, that does not mean he will leave office. China;s GDP has been slowing for over a decade…