It’s interesting to see the Ten31 portfolio companies’ founders come out in support of this. View quoted note →
TonySly
tonysly@nobluecheckfor.me
npub146j2...2jsd
Rogue money enthusiast
Centralized platforms limit user reach
Freedom tech proponents recognize shortcomings of centralized platforms, move to nostr protocol
Freedom tech proponent gives LP money to Nostr dev to build better nostr client
Nostr dev limits user reach on that client
We are here.
Where’s the lie?
@ODELL @miljan
Compromising the ethos is not something we should be debating, let alone celebrating. View quoted note →
LFG.
Current status: Crushing it View quoted note →
@TIDAL is my productivity hack. Headphones on, tunes up, I’m unstoppable. I should probably be expensing my subscription through work. 🤔
🎧🤙
Need a good book recommendation.
#asknostr #bookstr
🌍👨🚀🔫👨🚀 View quoted note →
GM
Burned my tongue on coffee this morning.
☕️
#coffeechain
Using a 4% compounding interest rate, a starting principal balance of $33 trillion in 2023, and annual deficits of $2 trillion—let's calculate when the National debt would exceed $50 trillion.
Starting Balance: $33 trillion
Annual Deficit: $2 trillion
Interest Rate: 4%
To calculate the year when the debt surpasses $50 trillion, we need to find how many years it takes for the cumulative deficits and compounded interest to exceed $50 trillion. Here's the calculation:
Year 0:
Debt = Starting Balance = $33 trillion
Year 1:
Deficit = $2 trillion
Interest = 4% of $33 trillion = $1.32 trillion
Debt at the end of Year 1 = Starting Balance + Deficit + Interest = $33 trillion + $2 trillion + $1.32 trillion = $36.32 trillion
Year 2:
Deficit = $2 trillion
Interest = 4% of $36.32 trillion = $1.45 trillion
Debt at the end of Year 2 = $36.32 trillion + $2 trillion + $1.45 trillion = $39.77 trillion
Continue this calculation until the debt exceeds $50 trillion.
Year 10:
Debt = $54.19 trillion (exceeds $50 trillion)
Therefore, at a 4% compounding interest rate, a starting principal balance of $33 trillion in 2023, and annual deficits of $2 trillion, the U.S. National Debt would exceed $50 trillion in the year 2033. Keep in mind that this calculation assumes a simplified model and doesn't account for potential fluctuations in interest rates, economic conditions, or changes in fiscal policies.
Trillion didn’t used to be a commonly used number. I wonder if our great grandkids will be as familiar with quadrillions as we are with trillions. 🤔 
