Builders keep building, educating and benefiting their fellow soldiers. ๐
What a lovely place to be in! ๐ช
@The_Sol_Army@General_Sol
Good vibes only! Glad to be part of the community since the beginning. ๐๐ป
New blog post:
The Give-to-Get Model for AI Startups: An Old Trick for Crowdsourcing Proprietary Data Could Work Well for New AI Startups
ChatGPT-4 helped me write this post.
https://t.co/4Q85AgUmRa
The Fed may or may not realize it but it has created a two-tier banking system:
1. Tier 1: Systemically Important Banks. These are the "too big to fail" biggest banks. If you have money there, it's a true deposit. You can't lose it.
2. Tier 2: Everyone Else. If you have money there, it's not a true deposit. It's an unsecured loan to that bank. You can lose it in a bank failure.
Now tell me, why would anyone use Tier 2?
There is more than $22 Trillion in the U.S. banking system. The FDIC has $124.5 Billion on its balance sheet and a $100 Billion line of credit from the U.S. Treasury. FDIC assets cover only 1.26% of deposits. About the size of Silicon Valley Bank. One bank. Let that sink in.
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Caffeine is a miracle.
Nearly 30 days stuck inside this dungeon and I've learned some truths about life.
Nearly 30 days without a single drop of caffeine and I can tell you that a caffeinated life is a better life.
Nothing GOOD has come from my lack of caffeine.
Short thread about how I deal with the mental game and time factor:
The biggest problem when trading/investing is lack of patience. This generates a lot of dissatisfaction.
Today, society only seeks immediate pleasure, and long-term goals are becoming more difficult to achieve.
Iโm sick of hearing crypto confused with a heavily-marketed centralised, mismanaged exchange. FTXโs failure is far from a harbinger of crypto. Quite the opposite: itโs a concrete demonstration of the need for more, better decentralised, trust-free technology.