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Eric
eric@denver.space
npub1m7fj...0l4p
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ericyakes 2 years ago
I’m in the arena on a Sunday I am him The alpha and the omega The moon and the stars The butter and the bread The copy and the paste
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ericyakes 2 years ago
There are many societal interpretations of Atlas Shrugged but nobody every talks about how Dagny Taggert's first love was some mega rich heir that was "destroying his wealth on purpose" and "only acting like a playboy for show" and "really only loved her" but can't be with her "because society" and by assuming that this character was inspired by observations of Ayn Rands real life experiences it seems reasonable that there were serious mental gymnastics going on to convince herself she wasn't dealing with a DiCaprio level playboy who couldn't commit "because society"
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ericyakes 2 years ago
One of the most valuable lessons I've learned thus far: Rational decisions can lead to a life without meaning From the perspective of modern financial theory - the rational person should take that corporate job and compound savings over your life in a diversified portfolio minimizing asset class correlation until you're 60 and retire with $5M That's rational. Now some people realize that those investments are all just propped up by perpetual stimulus and because of this your $5M will be raped by inflation by the time you need it That's step 1 and you buy #bitcoin  to protect yourself What few people realize is that nobody created anything memorable for world by taking that corporate job in the first place And few ever will because entrepreneurship isn't rational - the statistics support that you should expect to fail Rational decision making is based on minimizing risk in proportion to positive outcome Of course, minimizing risk good - but it often leads to decisions based in fear and compromise and those little decisions of compromise compound over decades until you wake up wondering how you got here and why you're doing it all in the first place Entrepreneurship is the opposite of this It is venturing into the unknown and having the courage to trust your character and instincts It fundamentally requires faith. Faith in yourself, or your god, or whatever. Often it is the decisions that provide us the most meaning that are the least rational but our fear of the unknown or what others think prevents us from following them. Making irrational decisions to avoid a life of compromise and pursue something that is truly meaningful is deeply human. That's what living is. Rational decisions are necessary and the mode of our decision making but don't throw away your life and humanity in their name. True rationality is pursuing decisions that pave a path of meaning.
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ericyakes 2 years ago
This decade there will be a nobel prize awarded to some economists research supporting the idea that higher inflation is good bc of something we "didn't see coming" that's highly deflationary
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ericyakes 2 years ago
Chinese abandoned cities are the product of central planning and speculative credit bubbles This is how malinvestment is created - unused homes for hundreds of millions This wasted time, energy, and capital could've been used to increase living standards #bitcoin  fixes this image
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ericyakes 2 years ago
If you ask people what think about #bitcoin before you start explaining things about bitcoin to them you’re going to do a way better job explaining bitcoin to them
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ericyakes 2 years ago
Stablecoins are on pace to become the new money market funds - Crypto L1s will live and die by demand for these coins Investors will buy and hold them to earn a yield from the debt backing them That "yield" is derived from fiat debt issuance and this system will grow even more rapidly than fiat debt It will be called the next innovation of crypto A crisis will emerge with stablecoins losing their peg - effectively "breaking the buck" Nothing about this system will enable freedom
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ericyakes 2 years ago
EMERGENCY NOTE: #bitcoin has a ratio issue For some reason girls don’t like talking about bitcoin wtf are we supposed to talk with them about