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TonySly
tonysly@nobluecheckfor.me
npub146j2...2jsd
Rogue money enthusiast
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TonySly 2 years ago
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
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TonySly 2 years ago
@TIDAL is my productivity hack. Headphones on, tunes up, I’m unstoppable. I should probably be expensing my subscription through work. 🤔 🎧🤙
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TonySly 2 years ago
Need a good book recommendation. #asknostr #bookstr
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TonySly 2 years ago
GM Burned my tongue on coffee this morning. ☕️ #coffeechain
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TonySly 2 years ago
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.
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TonySly 2 years ago
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. 🤔 image