Power laws apply between humans at all times. A very small number of people produce almost all of the value. A very large number of people are mostly dead weight. In our economy, absent debt, about a quarter of people are dead weight. What is that number on the right?
Reply addressees: @dormant511
Theme: Productivity
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Power laws apply between humans at all times. A very small number of people prod
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The ledger makes possible fractional shares, which is the logical step in the ev
The ledger makes possible fractional shares, which is the logical step in the evolution of fiat currency, corporate shares, shares in debt, etc. And cuts out the middle man. The idea that it is going to insulate us from the government is a dream for children. Never happen.
Source date (UTC): 2020-07-02 16:20:55 UTC
Original post: https://twitter.com/i/web/status/1278725350080614401
Reply addressees: @h0b0spic3s @Manse111
Replying to: https://twitter.com/i/web/status/1278724937067487236
IN REPLY TO:
Unknown author
@h0b0spic3s @Manse111 I’ll tell you something unpopular: I don’t really think much of the blockchain technology for the simple reason that proof of work is an uneconomic means of solving what is better solved by simply paying for the upfront cost of transactional technology that does the same thing.
Original post: https://x.com/i/web/status/1278724937067487236
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The ledger makes possible fractional shares, which is the logical step in the ev
The ledger makes possible fractional shares, which is the logical step in the evolution of fiat currency, corporate shares, shares in debt, etc. And cuts out the middle man. The idea that it is going to insulate us from the government is a dream for children. Never happen.
Reply addressees: @h0b0spic3s @Manse111 -
Being independently wealthy requires little more than wanting few things. Living
Being independently wealthy requires little more than wanting few things. Living with people you like, doing something you like, making just enough money, and saving until nothing matters anyway:Epicurus.
My generation (gates, jobs, ellison) was told to be rich. It was pointless.
Source date (UTC): 2020-07-01 04:28:54 UTC
Original post: https://twitter.com/i/web/status/1278183778444349441
Reply addressees: @bot_juche @WHITESTRlKE
Replying to: https://twitter.com/i/web/status/1278154540580245505
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Being independently wealthy requires little more than wanting few things. Living
Being independently wealthy requires little more than wanting few things. Living with people you like, doing something you like, making just enough money, and saving until nothing matters anyway:Epicurus.
My generation (gates, jobs, ellison) was told to be rich. It was pointless.
Reply addressees: @bot_juche @WHITESTRlKE -
Nope. They were in low value agrarian labor like migratory Mexicans today, and a
Nope. They were in low value agrarian labor like migratory Mexicans today, and after freed, low return subsistence farmers. There were a tiny black elite, few skilled craftsman. Avg IQ is below threshold of skills. And undesirable labor b/c of violence and criminality.
Source date (UTC): 2020-06-29 11:51:57 UTC
Original post: https://twitter.com/i/web/status/1277570497757184001
Reply addressees: @BestofallThyme @JohnBishop95 @Whitemattermat1 @ayovictor94 @Breaking911
Replying to: https://twitter.com/i/web/status/1277567009107181569
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Nope. They were in low value agrarian labor like migratory Mexicans today, and a
Nope. They were in low value agrarian labor like migratory Mexicans today, and after freed, low return subsistence farmers. There were a tiny black elite, few skilled craftsman. Avg IQ is below threshold of skills. And undesirable labor b/c of violence and criminality.
Reply addressees: @BestofallThyme @JohnBishop95 @Whitemattermat1 @ayovictor94 @Breaking911 -
You’re kind of stupid right? Meaning the corporate tax rate was causing industri
You’re kind of stupid right? Meaning the corporate tax rate was causing industrial flight, and he’s been trying to repatriate the industry here that just demonstrated it’s all been moved to china under your democratic heritage – right? You want redistribution it’s from finance.
Source date (UTC): 2020-06-28 22:01:07 UTC
Original post: https://twitter.com/i/web/status/1277361410557739010
Reply addressees: @SteveRustad1
Replying to: https://twitter.com/i/web/status/1277341223104262151
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You’re kind of stupid right? Meaning the corporate tax rate was causing industri
You’re kind of stupid right? Meaning the corporate tax rate was causing industrial flight, and he’s been trying to repatriate the industry here that just demonstrated it’s all been moved to china under your democratic heritage – right? You want redistribution it’s from finance.
Reply addressees: @SteveRustad1 -
The problem in the west is financialization and immigration to create consumptio
The problem in the west is financialization and immigration to create consumption that is no longer possible by productivity increases. This is ending. It will end catastrophically. Because that wealth is speculative (asset prices) not commodity money (gold, or hard currency).
Source date (UTC): 2020-06-28 20:46:17 UTC
Original post: https://twitter.com/i/web/status/1277342580192219141
Reply addressees: @eugenegu
Replying to: https://twitter.com/i/web/status/1277329291227742209