Some home improvement stores in the US, like Home Depot and Lowe's, will gladly take your old equipment upon delivery of new one, as long as it's of the same type. At least this has been my experience.
I don't know why you're getting downvoted. You can teach anybody to program, but they're still going to struggle if they don't know how to logically approach issues and software design tasks. I've seen people struggle and move on to other things because of this.
Very cool. This reminds me of the retirement tool I've seen in Betterment. The things you can do to earn more money or cut out of your daily spendings is super nice way to visualize some common ways to make or spend money.
I'd wager that Agriculture has eliminated more natural habitats than any population sprawl. I'm reminded of this every time I drive out of Colorado and into Kansas.
Yes, agriculture is a massive impact, but as we get better at farming we require less land (at least in the US, I'm not very familiar with other countries.)
From the 1920s to the 1970s, forests on the Eastern seaboard had actually been rebounding due to less intense agricultural use:
Curious, how much of these scaling issues are due to limitations of blockchain tech rather than conventional exchange architecture. I feel like that would be a different area of expertise.
> Both agree that there was "definitely something out there" with the Oakland Center controller saying the aircraft first appeared going southbound at high speed before executing an abrupt maneuver and then "took off northbound."
So what constitutes an abrupt maneuver and how many aircraft can make such radical change in direction while moving at full speed?
I've been using cointracking.info up until now, but this is just amazing. Great work! Will you be supporting Huobi in the near future? And can you add a "When Lambo" indicator next to each crypto asset?
The bit that I found interesting is when one of the witnesses (either Jay Clayton or Chris Giancarlo) mentioned that they tried to get their college-age kids to invest in stock market. Even gave them some cash to play around with but it just never caught on. Then Bitcoin exploded and they naturally gravitated to it. He could've taken this story into many directions, basically saying that the whole thing is madness because we have teenagers playing in this market. But he didn't. Instead it kind of sounded like he wanted everyone to embrace it... but still put regulations in place :)
It boggles my mind that this was cited as a positive anecdote.
If you believe in markets and capitalism, then it makes perfect sense to consider children investing into the returns of capitalism (By, say, buying an index fund) to be a good thing. You expect the economy to grow, you know that the economic system encourages wealth to flow to investors, you want everyone to be an investor, all is well in the world, let's have a drink and move on.
With cryptocurrencies, though, its all pump and dumps and spirit advice animals, and 'everyone decided that these baseball cards are worth a lot of money, so let's trade them around' while the Tether Printing press is going full swing.
Capitalism insists that we'll all be better off if money is invested into businesses. It, or its proxy effects has given us automobiles, iPhones, and has funded and built millions of profitable businesses that solve trillions of dollars of user needs.
What exactly has the crypto mania built? You believe that cryptocurrencies will build worthwhile businesses? Why did Bitcoin grow 10000% over the last 18 months, then? Why is IOTA worth 6 billion dollars? It's as if a bunch of people looked at Wall Street, and said: "Gee, wouldn't it be amazing to make as much money as they do, but without the side effect of financing the economy that gave us airplanes and automobiles and cellphones and the McRib.
What is the social ROI on the money and electricity wasted on the crypto-bubble? People argue that once all externalities are accounted for, it is negative for capitalism, but at least we can all point to a Prius, or a 767, or a grocery store, or a 300-unit condo in Seattle, and say: "Well, it played an important role in building that."
I don't get the idea of "investing in cryptocurrencies". If they are ever to be used as currency they should be relatively stable and predictable. The current status of extreme deflation makes any serious use almost impossible.
Because at least Bitcoin has never really been a currency, it has been a (virtual) commodity with a (public) ledger attached.
Blasted thing from the outset emulated gold, thus attracting "survivalists" and other goldbugs from across the world.
And that is perhaps why Wall Street is moving in, because those companies are at their core built around siphoning the arbitrage on shuffling commodities around.
And with cryptocurrencies they have an ample supply of such commodities, until the earth boils from waste computing heat.
Perverse incentives to the Nth. The paperclip maximizers are already upon us, and they didn't come from the AI lab, they came from the trading floor.
The mechanics of transactions worked for currency purposes, but the fundamental architecture of bitcoin has always been hostile to its use as money.
The fixed coin payouts per block, the halving every four years, and the eventual final and finite fixed supply, combined with arbitrary blocksize limits means bitcoin was always designed to hit its limits at 2014 transaction volume.
I traded btc back then for the novelty and bought stuff with it in physical and digital to say I did, but even then the architecture promoted hoarding over spending, and anyone using bitcoin as a currency then is likely lamenting the things they traded it for now which is just about rule 0 of how to make a dysfunctional money.
The crpytocurrency that is actually a currency is one that can use its design to promote its practicality as money - the goal should be no fees, instant signature ledgers that don't consume power on national scales, and an adaptive but predictable algorithm for money creation that can respond to the market to try to keep the currency stable - when transaction volume and coin turnover are high the currency is inflating so you want to reduce minting to try to curtail the effect. When money slows down and starts squatting in wallets you turn up printing to drive deflation.
Anything else in my mind at this point is just a cash grab using the proven mechanisms of bitcoin and an out of control hype train to rob people.
Some of the cryptocurrencies have a hard cap which makes them deflationary, other cryptocurrencies don't have a hard cap, which makes them inflationary and more similar to fiat. The deflationary cryptos will probably be seen as an asset to invest in while the inflationary cryptos will most probably be the coins which are used in day to day transactions.
You're investing in a future where they are used as currencies. If today you could buy USD for 10 cents, knowing that it'd be worth its value today, that'd be worthwhile. Now, lots of people don't think cryptos will ever achieve that kind of success, and they may be right. But that is the investment thesis nonetheless.
As much as I personally think cryptocurrencies will have a difficult time achieving currency status - this is pretty much what happened during the American Revolution. Congress issued bonds to pay soldiers and for goods for the Continental Army. Those who accepted the bonds as payment were, in a sense, betting that they would be worth something in the future.
Because of the Fed, which is an organization many people don't want manipulating (devaluing) their currency. Monetary freedom is a big draw for many in the crypto community.
Sure, but one could argue that our sanctioned manipulation of fiat currency is similarly based on delusions of simplicity and/or understanding. We still don't seem able to reliably avoid recessions, and no one is predicting the market with any reproducible accuracy.
Perhaps such complex, chaotic systems may be better off sans regulation. Especially something like cryptocurrency, which does not have the same properties as paper fiat, although it is being treated as such.
I personally have less faith in institutions run by humans and bogged down by dated regulations than I do in an instantaneously fluctuating near free market. If you can't trust people to invest in currency because of complexity, what makes you think you can trust them to regulate your money, and make decisions that affect the value of your assets for you?
Contrary to popular belief, deflation is good. Inflation benefits those with capital producing assets. For workers, inflation forces them to continuously fight for the same wage they had a year ago.
Inflation encourages malinvestment. There's always a motivation to invest and earn money from selecting profitable ventures. Inflation forces people to be less selective.
> In a deflationary environment, one need only hold currency or inert commodities in order to have greater future purchasing power.
This is only true if you ignore taxation. The government is perfectly free to tax people's wealth if they feel hoarding has become problematic.
>In an inflationary environment, it is everyone, holders-of-capital included, who must continuously work to preserve purchasing power.
Nonsense. People with money always find a way to escape inflation. Take a look at real estate.
Deflation decreases the velocity of currency (less incentive to spend due to rising value), which is bad for the economy (less activity, so fewer job opportunities, leading to even less activity).
> Deflation decreases the velocity of currency (less incentive to spend due to rising value), which is bad for the economy (less activity, so fewer job opportunities, leading to even less activity).
I think you meant to say significant deflation is bad. But so is significant inflation. Deflation is actual good in many ways -- worker's wages are worth more, their savings are worth more, and consumption is reduced (whereas inflation can encourage wasteful consumption).
The US is in desperate need of deflation today. Productivity has decoupled from wages -- deflation would make those wages worth more to narrow the gap. Houses have become unaffordable -- impossible to even save a down payment -- deflation will make young people's savings valuable enough to afford that down payment.
Inflation is the snake oil sold to us to benefit the elite at the expense of everyone else.
I wonder if this is due to young people feeling like the status of previous generations (house, cars, kids, vacations, etc.) seem so much further out of reach than ever?
I was that young once. Even back then, the stock market was "obviously" worthless. If I have a hundred bucks, what the fuck good is having a hundred and five bucks in a year? I needed tens of thousands of dollars in order to fell like my life had changed.
So I ignored the stock market, and gravitated to poker. Same shit, different day. Chasing big returns because they're the only kind that would've moved the needle.
I don't think it's that bad or good, just natural, even in a more exuberant-feeling time. Everyone in parallel comments is talking about "it's because they don't think they can get a 9-to-5 and a house like their parents" as if having a steady job and being like your parents was ever an aspirational goal. Parents are boring! Nine to five is boring! Actors, athletes, rock stars, billionaires - that's the real goal. This wasn't created by social media, it wasn't created by 2008, it goes back decades at least.
Picture yourself being 15-20 years old. There are basically zero non-lottery-ticket opportunities available to you to make serious money. Your opportunities to exercise full-on adult agency are still fairly limited.
* Your immediate employment opportunities are things like fast food and pizza delivery
* You won't have a college degree for years even if you think you'd graduate into a middle-class type of job
* Even if you doubled down on your schoolwork, you won't generally be separated that much from the rest of your class. And grades aren't directly translatable into money and popularity, anyway.
It takes money to make money, and you don't have money. Looking for moonshots is a somewhat rational action in that situation - it's the only one with any chance of producing the desired outcome.
There is more and more pressure to signal fame & success...
It's a big act that needs constant reinforcement via social media.
Our narcissism has reached a fever pitch while the traditional methods of success no longer support the aspirational narrative.
It's no longer work hard, goto college, get a house and family..
Everyone needs to be a motivational / spiritual / business guru with a million followers, "passive income" and a schedule of traveling the world to exotic locales.
That lifestyle is also required now, not in 50 years, so fake it till you make it and bring on the debt / Airbnb / Lyft "sidehustle".
CryptoCurrency is the only lottery ticket left that provides any appearance of hope of covering people's bets and supports the current narratives of unbounded wealth with little to no work.
That and the trend that the avenues frequently cited as ways to achieve this status (hard work, education, dump your money into the stocks and pray) are increasingly being exposed as obvious bullshit.
> dump your money into the stocks and pray) are increasingly being exposed as obvious bullshit.
I'm not exactly sure how stocks have been exposed as
bullshit given they've produced above average returns, especially for young people who have gotten in after 2008.
Because they all remember 2008? The depression had a lasting influence on the people who lived through it, they hoarded, kept money under their beds, stuff like that because they knew what it was like when the banks failed. The great recession is obviously much milder but it did expose to many young people that stocks aren't as safe as they think.
For me the takeaway has been the exact opposite. I was skittish about putting retirement money into the stock market circa 2010 cuz I saw ten years of no net gains and feared that was a new normal. But I was doubly wrong - I hadn't factored in dividends, and a few years later stocks were double their pre-2008 peak. The bottom ended up being a rare chance (for the still-employed majority) to quadruple those upcoming returns. Even now, another 50%-bottom from peak would be double the previous bottom. The fundamentals behind the expectations of capitalistic returns seem less shaken than ever.
I suspect it's an effort to keep the signal to noise ratio high. In reference to April Fool's gags on HN, 'dang commented a while back:
> "A word about humorlessness, since it's bound to come up. People who complain about HN's humorlessness have a point, but not because we're against humor. We like laughing as much as anyone. It's because empirically, a culture of humor means a flood of lame humor, and HN's goal is to optimize for signal/noise ratio. As with any optimization, there are inevitably tradeoffs."
