@BobEUnlimited The other aspect of slower than expected tech productivity increases is quality: people don’t just do the same tasks faster, they do the same task better or take on a bigger task in the same time. Both give less measurable short-term productivity improvements.
There are 5 ways to handle gov debt:
1. Tax more - won’t happen
2. Grow GDP - slow fix to a fast problem
3. Inflate - everyone hates it
4. Spend less on popular stuff - reps gets fired
5. Spend less on fraud - Super heavy lift but perhaps our only hope.
@davidaxelrod Fauci is the person most responsible person for misinforming the public in real time during the most serious world event since WW2. There needs to be full disclosure, not continued, politicized coverup. Democrats degrade public trust in government with obfuscation like this.
@charliebilello Please stop hyperventilating. Is it lame? Yes. Is it corruption? No, because it was totally public and glaringly obvious that there was nothing behind the token besides memetic interest. Caveat emptor. If you want less shenanigans in crypto, support Clarity.
@fejau_inc I’m not sure why returning to tradition should be lionized. Saylor’s business is basically connecting new buyers into BTC. BTC isn’t going to grow strictly via new people hodling in cold storage. All crypto is an ongoing experiment in best practices and Saylor is part of that.
@dampedspring It’s also worth looking at novel ways that incumbents could be forced to join’em. We just saw Robinhood integrate Lighter (HYPE competitor) into their new blockchain. This kind of thing could easily progress with Hyperliquid and others running the back-end rails of tradfi.
@dampedspring Don’t all incumbent systems have to yield to a new status quo at some point however? Maybe HYPE/perps is that new status quo and maybe not. If the incentives stack up for “join’em” vs “beat’em” that change would have to occur.