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Inflation is not to blame. Excess bank lending is to blame.
Which is driven by investors who want to make passive income from ordinary joes wanting a roof over their head.
Nobody is forcing these people to leverage up and keep increasing prices bidding against others with monopoly money. Now interest rates rise and they gotta increase the rent because they overpaid.
Ordinary joe just wants to live a peaceful life but the greedy leaches keep leaching.
Burn it all down.
@jtwoodhouse - I really enjoyed reading his thoughts.
There is just one solution a wise man has come up with that would surely work:
https://x.com/AndrewRousso/status/1916943578045051219
Have a ‘bespoke’ page. Where I only see content related to users or territories I have subscribed too. Posts and posts that users who I have subscribed to have engaged with.
Maybe too early yet but as the noise increases it would be good to have this option.
Also 4 player split screen Goldeneye on N64 and carrying TV's round to friends houses to play Halo via system-link. The good old days ey!
I'm not sure why it affected me so deeply, but I’ll never forget riding as John Marston across the San Luis River into Mexico for the first time in Red Dead Redemption—right when Jose González’s “Far Away” started playing. It was such a powerful, hair-raising moment, at the time the graphics seemed photo realistic and I still think about it from time to time. Rest in peace, John.
Favourite I own would be my Stressless Stella sofa. Extremely comfortable, reclines, looks and feels great. Money very well spent imo.
When i save up some $$ I hope to one day buy an Eames Lounge Chair.
Energy scarcity? That’s a central planning myth. Energy can be and should be abundant.
Bitcoin incentivises creating and harnessing more energy and that will only bring about human flourishing.
There are 3 major search query segments that users traditionally make. Commercial, navigational and educational (this has now evolved into actionable as it executes the task for the end user as well). Educational has always been a difficult one for Google in particular to monetise. 99%~ of the revenue comes from commercial terms.
OpenAI and the GenAI category is monetising the third segment. I think the valuation makes sense and likely grows considerably as the market is so large. The only way it becomes profitable however is if energy prices come down as the compute cost is too high. So it’s a long term investment on building and holding their network on the educational segment and energy prices going down to allow it to be profitable.
This will worsen and worsen for all major stock markets over time. Aging populations are draining more and more from their pensions. A lot of folk seem to complain about OG’s selling their bitcoin but it pales in comparison to the pension brigade.
All just one giant ponzi. Just make sure you are on the best one.
Could SN implement Substack style post type?
Where the user can read the first 2 paragraphs or so (up to the author discretion) and then pay sats to unlock the rest..
The quote below confirmed that he is English to me. It’s just something only English people really say.
"I know this sounds really retarded, but" - Satoshi.
Mine is a nickname a good friend calls me. Well he calls me Yoshi-mitsu.