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- To the outsider, crypto enthusiasts largely look like a bunch of libertarian leaning, wanna be economists who appear to have a major axe to grind with the financial system as we’ve known it for the past 80 years or so. While there is some truth to this broad brush approach at generalizing a very large ...more
What did you think would happen?
1: Lockdowns and unemployment subsidies constrain production
2: Print trillions of dollars and throw it out of helicopters
3: Consumers start spending stimulus money
4: Manufacturing shifts to the production of consumption goods
5: Producers bid up prices of production goods and labor
6: Price increases, shortages, and unfilled jobs everywhere.
It has nothing to do ...more
Why aren't all economists rich? Some are. Economics is the most common degree amongst the world's top 100 billionaires. Some famous economists such as David Ricardo and John Maynard Keynes were very wealthy indeed. However, for the most part, economists will give you a list of excuses why understanding economics won't make you rich.
They are ...more
McAllen, Texas is consistently the fattest city in America, and they are not happy about it. They can’t figure out why, as they have plenty of parks and organize 5K runs nearly every weekend.
What they don’t realize is that for non-athletes, exercise has very little to do with bodyweight.The obesity epidemic is caused almost entirely ...more
My portfolio growth rate over the last 6 years has averaged 130% of my salary. In other words, my portfolio increased by 100% of my salary plus 30%. My actual saving rate was between 60 and 70%.
More importantly, over this period my portfolio* grew from about 4x my burn rate to 22x my burn rate. ...more
How to restore accidentally deleted rides from your Wahoo Bolt/Roam/etc bike computer:
Get the Android SDK platform Connect your Element Bolt, Roam, etc via USBIn a command line window, run ./adb devices. This is just to check that adb can see your Wahoo device.Run ./adb pull /data/media/0/exports ~/Desktop/wahoo_exports with the last part being the folder ...more
- You are undoubtedly familiar with the idea of a “Trojan Horse,” an idiom derived from the Trojan War of Homer's Iliad. A large, hollow, wooden horse is left behind by the Greeks after their supposed failure to take the city of Troy. The Trojans take the horse back inside their city’s walls, and that night, ...more
- Even casual crypto observers are aware of the dramatic downward price action across the crypto space over the past few weeks. This price action has market participants weighing in with opinions regarding where the crypto market stands: on the cusp of a short consolidation and follow-on breakout, or has the next cyclical crypto winter made ...more
- While Bitcoin is undoubtedly the most recognized crypto currency in the world, there are literally thousands of other cryptos in existence. While we tend to call everything in the crypto space “cryptocurrencies”, this is misleading because the only thing these digital assets have in common is that they have issued tokens that power their own ...more
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind?
I can think of three main impacts:
First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries.
Second, Bitcoin has provided a life raft to ...more