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55 sats \ 1 reply \ @crenshaw 1 May \ parent \ on: If given the task to solve homelessness, what would you do? AskSN
In case I wasn't clear, I agree with this.
True in some ways, but also not. For the fortunate, we are brought into the world by people who care and provide for us. Part of being human is caring for others and being cared for, it's what keeps us going.
Poverty is not something that happens, poverty is something that's created. Tom Morello
I heard this recently and it made me pause. For me, this lines up with your thoughts @kepford. We could all end poverty today if we wanted to, if everybody chose to, but we're flawed.
Help your neighbor, it's the best we can do.
there will be such a concentration of BTC into those corporations that decentralization might be compromised
Bingo. It's so interesting to watch the cheerleading of these companies when their success almost guarantees bitcoin will be captured by corporates and its cypherpunk aspirations go by the wayside. But hey, let's pump these bags.
I think it cuts both ways. The ability to take on debt earlier in life can come with a lot of benefits, basically enabling someone to borrow against their future to take a risk on themselves. That can pay off big in the long term if leveraged well.
I think it's more instructive to see where most of the money already goes. If Doge was actually serious about cutting US spending it would look in these areas. Anything else is just theater.
The US is definitely ill-equipped to manufacture semiconductors. TSMC is the powerhouse it is because of decades of investment and coordination across Taiwan and its society. This is not just in the form of financial support from the government. We're talking a university feeder system that trains TSMC's highly-skilled workforce, monetary policy that favors exports, localized brownouts and water shortages in nearby communities to keep the lights on at the factory. It's not just about manufacturing, it's a culture. Not to mention making semiconductors is incredibly difficult, especially at the size and scale that TSMC does it.
Ties. Whenever I see a group of men wearing them it strikes me as odd. Fashion in general is interesting but functional attire like pants and shirts are easy to reason about. Ties, though, what a weird custom.
Great take. I made this statement elsewhere but I think it's probable that the state of bitcoin today is much more analogous to computing in the 60s as opposed to the dawn of the internet era in the 90s. Which means it's not just early right now, it's primordial.
Bitcoin may be technically superior but history has shown repeatedly that the best tech doesn't always win. With money being a social instrument as much as a technological one means the challenge is that much greater for anything to replace standards like dollars and gold.
I think this underestimation you describe, of kicking the can down the road, is one of the most interesting biases in the community. Some of the comments in this thread, including this one, do reassure me though that many aren't walking blindly through this as some influencers would like to have people do.