@JackKennedy Doesn’t sound like the Singapore I’m living in.
U landed in Changi on the EASTERN side of the island, and with your superior vision, be able to see 40km away to the NORTH the working class on their long daily commute to Malaysia?
No Singaporean will believe this bullshit
@LawrenceWongST sire. What’s stopping sg from acting as the intermediary btw China and US just like how we did for NK and US previously?
Looks like both US and China wanna cut a deal rn and the only obstacles are their ego and nationalistic pride.
We can be a good off-ramp innit?
@motobykr @smalls2672 Dudeeeeee. Listen and comprehend. US have a trade surplus with SG.
U mean to say that US is ripping off small tiny weeny Singapore right?
Atlas is demonstrating reinforcement learning policies developed using a motion capture suit. This demonstration was developed in partnership with Boston Dynamics and @rai_inst.
@MarioNawfal In our part of the world, we call NATO - No Action, Talk Only.
Will these statements of solidarity be yet another prime example of NATO’s “prowess”?
If a bank were to be hacked for $1.4 billion:
- Freeze withdrawals
- Inform government
- Set up an inquiry commission
- years of investigation
- Customers standing in queue
- Branches closed
- Competitors getting an advantage
Bybit exchange hacked $1.4 billion.
- CEO came live
- Industry united
- Competitors lend support
- 1 hr and everything back to normal
- Industry itself is tracking and freezing
- Zero withdrawal pending
This is what they don't like about crypto -> UNITY.
When that happens, the central bank is forced to choose between a) printing a lot of money, which devalues it,or b) not printing a lot of money and having a big debt default crisis. In the end, they always print and devalue. But either way—either via default or devaluation—the creation of too much debt eventually causes debt assets (e.g., bonds) to be worth less.
While there are variations in how each of these cases play out, the most important factor is whether the debt is denominated in a currency that the central bank can “print” and whether it is a reserve currency. But no matter the variation we almost always see that it becomes relatively undesirable to hold the debt assets (i.e., bonds) relative to holding the productive capacity of the economy (i.e., equities) and/or owning other, more stable forms of money (i.e., gold). #principleoftheday #howcountriesgobroke
The fundamental difference between the 2024/25 and the 2020/21 altcoin cycle is that people don't believe in what they're trading anymore.
In 2021, people had a genuine belief the Blockchain/DeFi/Gaming would change the world.
Now everyone sees the space for the ponzi that it (mostly) is.
This psychological shift increases reflexivity to the downside (as people are quicker to cut positions), whilst subsequently decreasing upside (more sell pressure as people look to TP vs holding longer term).
It's one of the core reasons (aside myriad other factors) why alts are underperforming.