It is during moments like these that I see the "Bitcoin is going to zero" posts again.
It happens every cycle, it's always proven wrong later, and the people who say it are always the extremely self-satisfied types who nonironically believe they've arrived at some great revelation no one has been able to figure out before.
Bitcoin will only go to zero if there's no longer anyone left on the planet who believe it has value. I've talked to many Bitcoiners, many of them have a much greater percentage and/or absolute amount of their wealth in Bitcoin than me. You think they're calling it quits here? You think they'll call it quits even if Bitcoin hits $20k? If not, there's nothing to be worried about.
There is infinite demand for high quality content.
Companies like Disney have gotten complacent and lazy and believe they can just put out anything that has an established IP and make money. Although it can work in the short term, long term this is failing strategy.
> be Disney
> spend $165 million and 7 years making a new Star Wars movie
> first one in theaters in 7 years
> open it on Memorial Day with 4,300 theaters and the entire Lucasfilm marketing machine
> take #1 for the weekend. finally
> then Monday comes
> lose to Obsession
> lose to Obsession again Tuesday
> lose to Obsession again Wednesday
> Obsession is a horror movie made for under $1 million
> it went UP 39% in its second weekend. yours opened below Solo
> a movie that cost less than your craft services budget just retook #1
you brought Star Wars back to theaters after 7 years. it got out-grossed on a Wednesday by a wish-granting toy from a movie 200 times cheaper.
@DeryaTR_ He didn't fail at designing. He designed the Luce the exact same way as he designed the Mac or iPhone. The issue is that you shouldn't design a Ferrari like a Mac or iPhone, but Jony Ive doesn't know that because he's a one trick pony and always has been.
I almost got an aneurysm reading this and couldn't believe this was a real published book until I verified, to my horror, that it was.
If I ever write like this, shoot me.
For all the complaining the Liberals do against America for how "dictatorial" the American government is behaving, what they're doing is even less democratic.
Canadians elected a minority Liberal government, which became a majority through political wrangling via floor crossers. And now they're using this floor crosser majority to try and ram through a digital surveillence bill that is a huge privacy and free speech disaster.
Hello, Johnny. We are actively reviewing draft Bill C-22 and will participate in any relevant consultation process available to us. However, should Bill C-22 pass in its current form and if we are subjected to mandatory obligations, there isn't a scenario in which we would compromise our no-logs architecture or encryption protections. To prevent this, we will consider all viable options, including limiting or, if necessary, removing our presence from Canadian jurisdiction.
Iran's ideas for making money after US blockade:
1. Tolls for ships passing through Strait of Hormuz
2. Tolls for undersea cable passing through Strait of Hormuz <-- WE ARE HERE
3. Tolls for using water that have touched the Strait of Hormuz
4. Tolls for breathing oxygen molecules that have passed over the Strait of Hormuz
5. Tolls for every mention of the word Hormuz anywhere in the world
6. Tolls every time someone thinks of the Strait of Hormuz
7. Build a time machine and go back in time to when the earth was formed and the Strait of Hormuz existed due to plate tectonics and charge a retroactive toll from 30M years ago
๐ฎ๐ท Iran may have found a new weapon that doesn't require a single missile.
Tehran is considering taxing subsea internet cables running through the Strait of Hormuz. The same cables carry the bulk of financial transactions and internet traffic between Europe and Asia.
Egypt pulls in up to $400M a year doing something similar through Suez. Iran is watching and taking notes.
Just a toll booth on the invisible infrastructure the global economy depends on.
Source: Amwaj Media
Perfect example of a fearmongering post that only appeals to people who like to pretend they're smart and understand science.
Everything sounds scary when framed as "atomic bombs" worth of energy.
In reality, it's not that much and sunlight gives more energy on a daily basis.
Kevin O'Leary's proposed data center in Utah will require 9 Gigawatts of energy to function when fully built, double Utah's current energy usage for the entire state.
It will dump around 23 atomic bombs worth of thermal load on the environment every day.
An email marketer told me once that when they started putting typos in subject lines, open rates went up by like 40%, because people assumed a human wrote it.
I always speak about "having skin in the game" and this is why. Often I find the people that complain about landlords aren't landlords, the people who want higher taxes don't pay much taxes, the people who tout how much better Canada's healthcare system is compared to America's don't actually need chronic healthcare and don't care about wait times because they never go to the hospital.
It's almost as if Canadians forgot how the previous 10 years of Liberal Party rule decimated Canada's economy and living standards and pretended that everything was magically fixed just because the Liberal Party swapped leaders so we gave them a 4th term... Oh wait.
Iran is checkmated by the US blockade. They have no leverage because 90% of their exports depend on the sea and they're losing $400M a day. They're gonna run out of oil storage capacity soon and when they do the oil wells stop. Oil wells and reservoirs are not supposed to stop, and will be permanently damaged if they do.
Trump will get everything he wants because if the Iranians don't want to agree to a deal, the blockade just continues and the clock works against them. I've analyzed this situation with Grok extensively. If you think this analysis is wrong and that you know more than Grok about this situation, please drop a comment below.
The Iranian-flagged container ship Touska, which was boarded and seized by US forces, is likely to have what Washington deems dual-use items that could be used by โthe military onboard, maritime security sources said https://t.co/54h6pQ1DaU