Currency of Distrust's avatar
Currency of Distrust
currencyofdistrust@primal.net
npub1mgnw...h0pm
Christian | Husband | Father Professional hacker Lover of freedom tech
The standoff between Trump and the Fed is becoming increasingly more interesting. They both seem pretty dug in. The fun part is, we all get to suffer while they fight about it 🫠
Nearly every one of my friends in the tech industry are completely fed up with the company they work for. Since interest rates started going up, execs have been demanding more and more, with far less. We're all burnt out, pissed off, and just over it. The era of free money is over, and now execs are realizing their VC dreams are dying, so they're pushing harder than ever. They try to find various scapegoats to justify a lot of their awful decision making. It's always "GO FASTER!", not realizing that speed isn't everything. Fiat games are the worst...
The idea that every system must scale to millions of people is so fiat. Some things are just better at a smaller size.
In 30 years when we're all on a Bitcoin standard, our kids are going to find our memes about egg prices and wonder wtf we were thinking...
There are a lot of people saying that a lot of these fed workers are going to replaced by Elon's AI. The problem with that narrative is that the amount actual productivity that is lost by these layoffs is nearly 0, the AI could do literally any one small thing and it would be a net positive. And then the hype will be huge.
Something that doesn't get talked about enough - Founders of VC backed startups get TONS of liquidity opportunities when raising new funding rounds. The time cash out and get rich is WAY sooner than it would otherwise be by trying to go public or convince another company to acquire you. What this means is that if you get into a field with a ton of hype, where VC money is actively going, you can get rich by delivering a non profitable product and let all the externalities fall on everyone else. Fiat 🤷‍♂️
Had a shit day in fiat world. Need bitcoin to pump hard so I can go buy a farm or something...
If people truly understood how little tech companies care about security, I think people would behave differently. It's so much worse than people realize.