tuberelay
Joined 7 years ago
Joined 7 years ago
Misnaming the econ prize as a "Nobel" prize and placing it's winners on the level of great physicists, chemists etc risks in exacerbating this problem.
Much of the research done by econ memorial prize winners is walked back or proven false later. It isn't hard science. Much of it is politically driven and advice and practitioners are used by politicians to justify certain actions, many of them dysfunctional or corrupt.
Any fork or decision by anyone to change this 21M number means that for me (and most hardcore bitcoiners I know) the chain which sticks to Satoshi's 21M becomes the REAL bitcoin chain.
21M is non negotiable. If it doesn't have 21M, it simply isn't BTC.
Dow also dropped >50% in GFC, so 2x leverage would've ended you.
Taking ultra risky bets when you are young is sensible because it isn't actually risky. This is because for a 30yo with good career prospects, your future career is probably worth an amortized $5 million dollars. If you have $200k in savings, that is only 4% of your true net worth. If you lose it, you still really have $5 million dollars. Therefore playing loose with it is pretty reasonable.
If you're 63 and will retire in 2 years, your amortized future career earnings are probably $200k and your assets $5million, and then you should be conservative.
I did EM for 6 months and hated it. This is because it just doesn't suit my personality.
To be good at EM you need to be: - Comfortable with being a kinda bad at everything and great at nothing - Comfortable with large amounts of uncertainty and risk and having to make decisions anyway - Being abused by drunk/mentally ill patients constantly - Being patronized by medical colleagues in other specialties
I can honestly see these guys becoming a HUGE cloud provider.