tetrahedr0n

Is it ridiculous to expect an economy, such as the US, to produce things of value?

The author of the post you are responding to has a valid point. Consumption alone isn't sustainable.

I'm sorry, I don't follow the logic here. Do you mind elaborating?

I see some correlation between SV remote working and COVID, but don't understand how mortgage backed securities play into this. Are you suggesting higher inflation on the way, lower property values, higher rates, and that it was intentional?

I might be missing something, but not sure why this was downvoted.

Deposits <$250k are FDIC insured. One could say those accounts didn't evaluate the institution that held their funds and didn't really need to. But were they aware of FDIC limits? IMHO, they should have been and likely were.

Depositors >$250k are well aware of FDIC and the risk associated with money in their bank. They really should think about the banks they work with and understand their risk profiles.

Subjective, but I understood how FDIC worked when I opened my first bank account that was no where close to 250k. If it was greater, I would optimize my holdings across different institutions and instruments.

> Apple has 50 billion in reserves, do you think they can find 200 thousand banks to spread that around?

Good question and of course, that's not likely. But then 50B in reserves isn't something you keep in a bank account, it's something you have rolled into several different financial instruments with varying levels of available liquidity.

Also, holding all of your fiat in a single bank or financial instrument is usually not a great idea. Diversification is important to any relatively stable financial position.

E.g: Fiat over $500k in a single institution is likely not earning as much as it could and runs the risk of loss of access to funds for X amount of time if the bank fails, until reimbursement happens. But $100k each in 2 different banks leaves you with $300k to invest however you see fit and still have enough liquidity to move quickly on opportunities.

I believe that would be the FDIC, which is funded by banks (its deposit insurance), right?

True, it doesn't seem likely to apply to the government itself.

I'm not a lawyer, but my interpretation is that it may apply to credit bureaus and data brokers. As well, for better or worse, pretty directly affect FinTech.

But I digress, the implications of this bill could result in more unknown unknowns than I realize.

I love that you took action to make your idea a reality. That's a trait that not everyone shares, from my experience. Writing is a wonderful way to express yourself creatively.

I can relate. Essentially, it's a journal. I find journalling to be very healthy for my mind and have journaled online and offline for most of my adult life. Though, I must admit, I don't do it everyday. Personally, I find doing something artistic daily to be the most fulfilling. Whether drawing, writing, playing music, or whatever, it allows me to reap the benefits of exercising those creative muscles.

The part about writing a few pages when you wake up is a good idea, IMO. Not that it needs to be a daily structured routine, but what you experience sleeping is a unique experience that is worth writing down, occasionally. I've reflected on earlier journals I wrote when I woke up and have been surprised to read something I almost didn't recognize as my own.

> Free market: an economic system in which prices are determined by unrestricted competition between privately owned businesses.

Interesting concept, I wonder if it works.

Brilliant.

People will often watch something they dislike with more intensity than something they like. The number of dislikes isn't the reason they want to watch it, it's the idea the title or cover image brings to mind. And those ideas and images are curated by Google.

Take the number of dislikes out of visibility and you strip the noise away from the signal that makes them money; views.

And who knows, the user might end up watching something that they wouldn't normally due to dislikes and, surprise, they like it. More exposure, less echo chamber-like. Less potential influence over a viewer's opinion of the content.

Promise resolution tracking for political choices could be a useful tool. With each promise tracked you could produce a percent which could be displayed with the candidates picture and a brief synopsis of their "score". The contact information and a tool to initiate communication would all be available (even if the communication is just email), and you could even have the politicians join so that they could have like an intern respond to messages or something.

This has probably been done, right?

Lol, absolutely.

Austin may have been the right guy to start the company, but IMHO, he should've handed it off to someone with a background in education a long time ago.