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throwawaybbb

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Minsky moment 6 years ago

The price of borrowing has never been lower. Stable governments can borrow at negative real rates. When prices drop it means there is more supply than demand.

Minsky moment 6 years ago

Long term too. The bottom 50% of Americans lost all their wealth and went into debt to live since then.

The same people who benefit from encryption if govts are to be believed. If cash keeps being as unwieldy as it has become, a $100 note today is worth about what a $10 note was worth in 1920, people will just stop using govt back cash and use gold or art instead. Monero looks like it's the first large scale crypto to get inflation and anonymity at least partly right.

It's an odd world where 4chan back in its worst days had a better community than fb, Twitter or reddit do today. And that's with the gore and other unmentionables.

As it should be. Doing things as have they always been done means we haven't killed everyone yet. That is quite an achievement when you consider just how hostile to life nature is.

That's 10tb = 10000gb = 10000/24/60/60 = .11gb/s. My 2015 desktop could handle that.

Where do you work? I'd like to pitch my radical idea of edge consolidated cloud computing.