@AethericaX Artists think they are in a battle against AI.
Basically human artists vs AI, but the real battle is between human artists not using AI and human artists using AI.
You are just winning!
@duonine@StaniKulechov Still never trusting aave again. In 4 years time when nobody is paying attention those DEFI dudebros will be listing YOLO shitcoins again for collateral and loans
@stacy_muur You will sing another tune when governments go to those 9 elected members asking for all sort of extra thinks. Before you know it Arbitrum is basically a regulated bank where you can't do anything.
@papaxem4@aave@Morpho@0xfluid How can you trust aave after taking on such unnecessary risks?
rsETH was a multi-protocol loop of YOLOed risk stacked together
Sure, deposit money with these DEFI dudebros. What could go wrong next time they get greedy or need another mansion
"so you staked your ETH on the Ethereum blockchain to earn yield?"
"yes, Dave"
"except you didn't want your capital to be locked up so you actually staked it with a liquid staking protocol called Lido?"
"that's correct, Dave"
"and Lido gave you a liquid staking receipt token called stETH in return?"
"yes, Dave"
"and then you didn't think that was enough, so you juiced the yield even further by depositing your stETH receipt tokens into a restaking protocol called Eigenlayer?"
"you are correct, Dave"
"and now you didn't want to lock up your capital, so you actually restaked with a liquid restaking protocol called KelpDAO who provided you with a liquid restaking receipt token called rsETH?"
"you got it, Dave"
"and then that was surely not enough juice, so you then deposited your rsETH tokens into a lending protocol called AAVE so that you could open a leveraged looping position that borrows ETH against the rsETH collateral and restakes the ETH into rsETH which is then deposited as collateral, except it turns out rsETH used a cross-chain bridge called LayerZero whose security is held together by a 1/1 toothpick, which was obviously hacked by north koreans causing rsETH to become undercollateralized and now these looping positions are stuck and unprofitable, and everyone is pointing fingers at each other, and also DeFi is a very serious industry"
"you are 100% correct, dave"
jfc.
@elonmusk The inflation will just go into goods and services that robots can't produce in excess. Whatever you save on food, goods, etc. will just go into something else like housing, assets, marriageable women or other scarce goods.
@WouldEWood@FinancialPhys Yes!
Do you want to own a stock that has a fixed supply of share issuance? Or would you like to be continually diluted in order to fund vanity projects.
Money as a store of value is no different.
The supply of fiat currencies double roughly every 10 year. That is ridiculous.
@Tu_Quoque_4_U@WouldEWood@FinancialPhys Technology makes efficiency improvements, sure lower rates helps basic goods.
Your housing, education, medical, stocks, high demand goods/services go up closer to monetary inflation. Poor people can never keep up because they don't own assets.
@WouldEWood@FinancialPhys The US government is in 38+ trillion in debt. Spending it mostly on destructive wars and corporate welfare. Welfare benefits that have resulted in poverty traps.
Why give the government more power and money when they have proven themselves both incompetent and corrupt?
@WouldEWood@FinancialPhys CPI does not accurately capture inflation. Lets say CPI goes up 2.5% a year but monetary inflation (M2) goes up at least 6% a year. Where did the difference go? Assets (housing, gold, crypto, stocks, etc.)
Technology means goods and services are supposed to get cheaper over time?
@bensig@dotkrueger They never explain how they generate the yield with these things. You are borrowing money at one rate but need to generate a higher rate in order to generate a return. How?
@qcapital2020@grok What percentage of men over 40, with a wife and kids, successful business or income end up being divorced and losing half their shit?
@ChShersh Change your pipeline so you don't get a 100GB file every day. Incrementally update a database with your data and don't cheap out on storage and memory.