What people don't understand and elites don't want to admit is that economics does not exist to please but to progress. You want better pay and benefits? Guess what that increases costs and reduces demand. Lower demand means lower investments which means lower job creation. You hurt the same people you're trying to "save". Leave aside the adverse effect on restaurants and grocery stores which will then have to lay off employees and shut stores to stay in business.
You want the government to intervene? Create a new scheme for gig workers? That increases government borrowing which increases government debt which increases interest payments which debases the rupee. Once again hurting the same people you're trying to "save".
Development and progress is painful. Good economics is not about making everyone happy but about creating opportunities that helps everyone do just a little better every day, every month, every year. It's a virtuous circle - Opportunities beget demand. Demand begets investments. Investments beget opportunities. Everything else takes care of itself over time.
Crypto has been bid since late friday. If we go by the Iran-weekend modus, it is because someone knows
Maybe Trump will announce the EU deal tomorrow in Scotland?
The more I think about it the more I feel like @chainlink is the internet of finance
The internet provides a foundation of core services (DNS, HTTP, TCP/IP etc…) on which products and applications are built. Chainlink does the same for programmable financial applications with core standards for data, interop, compliance, and compute.
The internet connects siloed computers allowing for the borderless flow of information. Chainlink connects liquidity silos allowing for the borderless flow of value between chains and TradFi systems.
People dunking for no good reason. To be fair, @chamath clearly says 7-10 years later. And price can do whatever over the next 5 years. Yes, Meta has struggled with its new launches and is struggling with AI. In fact, the best user experience is probably Perplexity and definitely not Gemini or whatever integrated AI on Meta's apps are. This is a very pro-capitalism thesis because competition leads to winners which leads to concentration which creates inefficiencies which creates the need for new innovation and disruption. Crypto and web3, if they pan out, will only increase the "brittleness of the product surface area". Why all the dunks?
my weekend project to learn about bluetooth mesh networks, relays and store and forward models, message encryption models, and a few other things.
bitchat: bluetooth mesh chat...IRC vibes.
TestFlight: https://t.co/P5zRRX0TB3
GitHub: https://t.co/Yphb3Izm0P
@SantiagoAuFund Money is money. Gravity doesn't exist because you believe in Newton. And money shouldn't exist because a government stamped a paper. Libertarians aren't opposed to free competition in money. They are opposed to market manipulation *and* subversion of competition by govt money.
@0xBreadguy @divine_economy So it’s like doubly-outclassed by @Polkadot which itself outclasses Celestia, EigenDA and Avail. Want the best tech, quality product, and real Web3? Gotta be @Polkadot.