61–70 of 166 posts
Thanks to these con artists and careless big investors like SoftBank, once the recession comes, blockchain, AI, etc... will go into another long winter
I don't think it's fair to put blockchain and AI on the same pile.
Earlier quoted context omitted.
U.S. GDP per capita in 1950 was $9573, according to a web search. In 1953 or so my parents rented their first house as newlyweds. For $10 per month. Minimum wage was 75 cents/hour. My parents definitely had a used car... So 14 hours labor at minimum wage, paid the rent...compare that to today.
Googling found a wide range of figures for 1953 US GDP. One said $2449[0], one said $9573[1] and one said $16499[2] in chained 2012 dollars. Computing the figures from the Census's 20th century data[3] supports the $2449 as the current-dollar figure. [0] https://countryeconomy.com/gdp/usa?year=1953 [1] https://www.nationmaster.com/country-info/stats/Economy/GDP-... [2] https://www.multpl.com/us-real-gdp-per-capita/ta…
[2] is inflation adjusted. Methodologies for that can vary quite a bit (other inflation adjustment sites give a value >$20K) but the result is a more meaningful comparison.
I have no idea what [1] is supposed to be, and they don't seem to be giving any sources or listing any methodology.
I can remember OneCoin back in the day. And I also remember that when visiting their website, my first though was "this must be a gigantic scam!" It was kinda obvious. Unbelievable that people fell for this. But like with all pyramid schemes or similar scams, they target a very specific sort of people.
What kind of people? Just gullible or something more specific?
>Another tip he gives us is to find out where she has been on her yacht. We should try to get the tracker off it, he says, and he doesn't appear to be joking. I explain that this is probably beyond my abilities (apart from being illegal) Uh, why would this be illegal? Is flightaware illegal? Or the yacht tracking sites?
That's a very interesting throwaway line; anyone know what those products are?
Fortunately, that denial, a glorious work on its own, can be seen in cache: https://webcache.googleusercontent.com/search?q=cache:https:...
Earlier quoted context omitted.
In 1953 IBM launched one of the first commercial computers, which your parents definitely didn't have in their home on account of it costing $15k per month to rent access to. Rent has gone up relative to everything else because the housing supply hasn't grown fast enough, but the average person today has gadgets and treatments which were unfeasible in 1953
Generally an inflation index tracks the basic necessities of life: housing, gas, electricity, food, wood, industrial/building materials etc. The percentage of income spent on those basic life requirements has been on an upward trend for many many decades. Real wages don't rise faster than inflation. The next generation is on track to earn half as much purchasing power than us. Expect multi generational homes to make…
And moving back to the original point, the reason why homes capture a larger share of incomes than before is down to the supply of homes outstripping demand, not the loss of the gold standard. If the supply of dollars were fixed as deflationistas advocate, you wouldn't lose the market pressure on housing, just the wage increases and incentives for people already holding large pieces of the pie to invest in something riskier than housing...
>Another tip he gives us is to find out where she has been on her yacht. We should try to get the tracker off it, he says, and he doesn't appear to be joking. I explain that this is probably beyond my abilities (apart from being illegal) Uh, why would this be illegal? Is flightaware illegal? Or the yacht tracking sites?
Yacht nav systems can log where you have been, but a small minority of ships will permanently log their location somewhere publicly accessible. To get the data you'd need to get onto the yacht to access the nav system.
Earlier quoted context omitted.
It seems like they tried, but no blockchain expert would go near it because it was so clearly a Ponzi-type scheme. Just look at the website: http://web.archive.org/web/20150302021347/http://www.onecoin...
They’re all Ponzi schemes (haha) what about this one in particular made them find God?
:D ... cringe-inducing to the point it could gag a maggot ...