161–170 of 197 posts
> Bitcoin doesn’t work, it’s a naked speculative bubble based on a technology that doesn’t scale can’t and can’t replace any existing financial service Feel free to short Bitcoin in a futures market, and keep all your wealth allocated in assets associated with the US dollar. We'll talk again in 5 years time.
> Bitcoin doesn’t work, it’s a naked speculative bubble based on a technology that doesn’t scale can’t and can’t replace any existing financial service Feel free to short Bitcoin in a futures market, and keep all your wealth allocated in assets associated with the US dollar. We'll talk again in 5 years time.
Why are you replying to the author in here?
> Bitcoin doesn’t work, it’s a naked speculative bubble based on a technology that doesn’t scale can’t and can’t replace any existing financial service Feel free to short Bitcoin in a futures market, and keep all your wealth allocated in assets associated with the US dollar. We'll talk again in 5 years time.
Earlier quoted context omitted.
> Why can't more kids get into STEM fields? Because not everyone is predisposed to be a programmer, engineer or statistician. Not everyone can become a whitecollar worker. This is reality of the world we live in, no amount of though experiments will change that. What you are really doing is blaming victims of a system set against those people. Our society should be built so those people can have decent lives too. Ie…
Have you seen our housing stock, our housing supply, our infrastructure? There are plenty of jobs needing to be done. A virtually unlimited amount of progress is possible. The problem inherently lies with the assumption that the free market will fix all and assuming that some entrepreneurial person is going to lead the charge and redevelop our country. What a joke. The boom after the Great Depression that made the US…
I can go work for any company and help get rid of their employees or maximize efficiency. A simple program can save hundreds of man hours.
People who think building a website is cheap have no idea what they are talking about. Sure, a static site is easy. However, once you are building a site that needs to work with a system from the 1980s, you start to hit road blocks....and many many large business run on stuff from 80s. Places like costco, banks, etc.
> Everyday I see a world where many in my generation have simply given up all hope for opportunity of a family, a house, a stable career and forced to confront an uncertain future in a world that is slowly boiling itself to death. South Korea and Japan are 10-20 years ahead of the same curve here. However, the result has been resignation and stagnation, not revolution. https://en.wikipedia.org/wiki/Sampo_generation h…
They are not 10 to 20 years ahead of the curve. The Sampo and Satori generations are very much in the same age bracket as Western millenials. Stagnation and resignation has also been the answer for millenials in the West. If by revolution you mean the recent Capitol riots, most of the protesters were over 40 and well off. If anything I'm surprised by how politically apathetic this (my) generation is.
Earlier quoted context omitted.
I disagree with you 100%. The problem is we spend more money on schooling than nearly every other country, especially in our inner cities that have very poor outcomes. We don’t need to spend more - another $10k per student with the same teachers and administration isn’t going to magically make every school better. We need to inject competition into the system and stop allowing mediocre / bad schools to muddle along.…
> We need to inject competition into the system That 10K doesn't fix it overnight, but it does raise salaries which would increase competition in the talent pool.
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Increase in STEM degrees does not have a causal effect on number of good jobs. Any hope that it does is about as speculative as "investing" in bitcoin or the next Gamestop pattern.
So much this. I live in Austria now and the market is flooded with STEM grads due to very good schools and free education to the point where, in my college town, I can't throw a rock out the window without hitting someone doing a PhD in ML, but that doesn't translate to an abundance of jobs due to the lack of VC funding in this area. This leads to massive academic title inflation where, unless you already have job ex…
> Bitcoin doesn’t work, it’s a naked speculative bubble based on a technology that doesn’t scale can’t and can’t replace any existing financial service Feel free to short Bitcoin in a futures market, and keep all your wealth allocated in assets associated with the US dollar. We'll talk again in 5 years time.
Thankfully, I was never able to find an easy way to short BTC. I would have done it >5 years ago and failed spectacularly. I'm still bearish, but wiser.
Earlier quoted context omitted.
GameStop's margins are awful, and no amount of hypey releases will save them. Their website is still garbage. This is a flailing has-been physical retail business, propped up by Microsoft and Sony who see it as a billboard.
That's a valid argument, but they showed a ton of revenue lately and shouldn't be valued at 2/share. I think the stock is between a 10/share and 30/share stock but I'm not a professional. Honestly the professionals aren't professionals and that's backed by some studies but I won't get into that right now. The idea that you can cover this story without mentioning the short squeeze is lazy or dishonest. While it's an a…
All 1400 buyers could be satisfied with just 1 share that gets resold 1400 times. At even 20/share, some of the people who loaned out their shares to short-sellers are going to sell their shares when they get them back to cash in on the 1000% gains.
They could even be satisfied with 0 shares if someone is willing to short-sell. At 400/share, there were certainly plenty of people willing to short-sell.