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Just finished this book - Bad Therapy by @AbigailShrier
This is one of the most eye-opening books I've ever read. It's a must read for any parent, any teacher, and should be required reading for any school administrator as well.
The book dives into trying to figure out why kids are having so many mental health problems, when there are so many resources devoted to improving mental health outcomes.
Anxiety, depression, suicide, etc are all higher than they've ever been with kids, even though their lives are arguably better than ever before. It just doesn't make sense.
A few key takeaways from the book:
A constant attention on how kids are "feeling" or "thinking" is causing negative outcomes.
Constantly ruminating on your emotions and how you feel negatively impacts your mental health. If all you do is focus on your emotions, you are destined to be anxious or depressed.
We incessantly ask kids how they're feeling, if they're happy, how their mental health is, etc, and this is creating kids who think they're fragile instead of resilient.
Trying to solve every problem for kids has caused a generation who can't do anything for themselves.
We (Gen X) were told to "suck it up" or "you'll live" or "rub some dirt on it" all the time. Many of us came to the conclusion this is "bad parenting" because our feelings were neglected, and we vowed not to do this to our own children.
Because of that, kids immediately over-dramatize everything that happens to them, making mountains out of molehills, and thinking the world must revolve around their emotions and feelings.
You develop confidence and strong mental health by doing things, not by thinking or via therapy.
You can't think your way out of anxiety. You don't gain confidence by analysis of your thoughts or mental health issues.
You gain confidence and eliminate anxiety by doing gradually more difficult tasks, excelling at them, and realizing you are a competent, capable person.
The non-stop attention therapy gives to these small, common emotions we all feel blows them out of proportion to their seriousness (not talking about genuine disorders here, just normal anxieties that millions of people go to therapy to try to avoid).
One of the best ways to decrease your happiness is to chase it.
Our society constantly tells kids they should be "happy" and asks them if they are.
Happiness isn't a state you should be in 24/7. That's not realistic. Joy and bliss aren't permanent states - they are fleeting.
Contentment, stillness, and being even-keeled are much better goals to aim for mentally.
The happiest, most well adjusted kids come from families with loving parents that have strict rules for the household.
This one really set off the confirmation bias in me... I feel really blessed we have 2 well adjusted middle school kids who do great in school, are very respectful and well mannered, and we barely even need to parent them.
But for years, we were very strict with them. Bedtimes, family rules, how we do things, etc. The in-laws and lots of friends thought we were totalitarian.
In reality, we just had high standards. And it's really paying off right now. I found it really interesting that strict rules equals happy kids. Makes sense, though, as kids need to know what their boundaries are.
Constantly surveying school-age kids about their mental health causes more issues than it solves.
Mental health resources is big money. Districts need to validate all the resources allocated towards mental health, and they often do that via surveys.
Asking kids non-stop questions like:
- Have you thought about self harm?
- Have you thought about suicide?
- Have you been so anxious you can't get out of bed?
Etc, etc puts into their heads the idea that themselves, or many of their peers are broken and cannot function properly in the real world.
It normalizes situations that would be incredibly rare at any other time in history.
There's a lot of other takeaways, too, but I'll stop there.
It's a fantastic book. Go pick it up and read it. This isn't an affiliate thing or a promotion thing at all. I just really enjoyed it, and it will further shape the way I parent moving forward.
We are thrilled to share that Pool 4 of our staking program is now filled and oversubscribed due to overwhelming demand. To accommodate the growing interest, we are delighted to announce the immediate opening of Pool 5!
💼 This new pool allows users to lock their tokens for 12 months, ensuring the continuation of the existing attractive rates at 44%. We've also increased the capacity of Pool 5 to 250K to meet the high demand, allowing more participants to join our staking program without compromising the current rates.
Don't miss out on this chance to secure your spot in Pool 5 and enjoy the benefits of @SerenityShield_ #staking.
🙏 Thank you for your continued support!
Here's what's happening. Let's say a guy name Mickey buys a Blackrock ETF (Bad Mickey - buy the real stuff)
1. Mickey purchases a share of the BlackRock #Bitcoin ETF through his brokerage, reflecting a portion of the ETF's #Bitcoin holdings.
2. The market price of the ETF shares can deviate from the NAV based on supply and demand. High demand can lead to a premium, while low demand might result in a discount. These price deviations signal to Authorized Participants (APs) when to create (for premiums) or redeem (for discounts) shares, aiming to align the market price with the NAV.
3. JPMorgan, as an AP, responds to market signals by creating or redeeming baskets. This process helps maintain the balance between the ETF's share supply and investor demand.
4. For new AP baskets, JPM provides cash to BlackRock equivalent to the #Bitcoin value needed for backing the new shares.
5. BlackRock uses the cash to purchase #Bitcoin from Coinbase OTC.
6. Post-purchase, the Bitcoin remains with Coinbase, which acts as the custodian. A transfer of ownership is recorded administratively, and the Blackrock ETF recognized as the rightful owner of the Bitcoin (on behalf of the shareholders of course 😏).
7. The NAV of the ETF is updated to include the newly acquired Bitcoin. JPM receives the new Basket of shares for market trading.
8. JPM releases the new shares to the market, enhancing the ETF's liquidity. This helps align the ETF's market price with its NAV.
9. The iShares prospectus specifies that the settlement deadline is on the calendar day immediately following the day the Trade Credit was extended, or the next business day if it’s not a business day. This suggests a T+1 settlement cycle (Trade Date plus one business day) for the ETF transactions, quicker than the standard T+2 settlement cycle for many securities.
Mickey's ETF share links him to the Bitcoin held by Coinbase under BlackRock's name. His investment value is subject to changes in the ETF's NAV, influenced by the Bitcoin market and the ETF's liquidity.
🤷♂️
Any idea how to recover native $VET sent to a #VET address (in TW), but using #BSC Binance Smart Chain (not VET network)?
@VeChainFam @vechainofficial#VeChain
$BTC - 85-95k
$ETH - 8k -10k
$SOL - 750
$AVAX - 400
$XRP - 8-10
$MATIC - 8
$BNB - 1000
$LTC -1000
$BAKE - 10
$SAND -10
$DOGE -1
$NEAR -35
$INJ - 400
$RNDR - 30
$FET - 5
$TRIAS - 25
$DOT - 50
$LINK - 100
These are my targets for bull run . I don’t go back and forth with my targets . I’ll exit everything around April 2025 .
There is no change in plan
BRC20 narrative continues its massive growth surpassing $3B market cap!
But amidst the frenzy, hidden gems emerge.
List of the most impressive lowcaps that have 50-100x potential 🧵⬇️
If you have survived
- BTC crash from $69k to $15k
- LUNA to $0 by Do kwon
- 3AC going from $18bln to $0
- Celsius and voyager bankrupt
- FTX and FTT Meltdown
- USDC de-peg
- BUSD gone
- CZ stepping down from Binance
and you are still here in crypto
You are an OG now.
Predicting narratives on bull run leads to 100-1000x gains!
I turned $1k into $130k by predicting few narratives right last bull run.
Discover 10 narratives & 30 tokens with 1000x potential in 2024 🧵👇