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Bitcoin mining on GPUs is generally unprofitable due to the price of electricity.


And it will continue.

Bitcoin treasury companies [0] have equity values lower then their Bitcoin holdings, so it is the financially correct move to sell BTC at market price and use the proceeds to buy back their stock at the market price.

This will lead to additional downward pressure on BTC.

[0] https://bitbo.io/treasuries/


I'm not a fan of Bitcoin but from a purely financial perspective it's natural for treasury companies to trade at a discount to the underlying assets. Obviously the executives are going to find some way to steal most of the value and leave the minority shareholders (suckers) holding the bag.

How long does it have to drop for it to never recover?

I think I read 11,000 is when Saylor is completely broken, again.

Politicians have speechwriters, though, so you wouldn't be analyzing who you think you're analyzing.

Speakers go off script, and some do it a lot.

I think it would work ok.


As Donald Trump comes to rely on the teleprompter more and more, his apparent intelligence will only increase.

That's what he comes out with while using the teleprompter??

He seems to stop following it often. Boredom? Changing his mind?

In his first term people were suggesting that he's functionally illiterate and is incapable of following even the teleprompter. Whether that or he always thinks he's smarter than anyone so wouldn't follow the teleprompter written by someone else.

Yeah, but some actually do write most their own words for the most part. It would require some critical analysis for each individual for sure.

> Is that unreasonable? Carbon dioxide is an externality, and it needs to be accounted for accordingly.

Yes it is unreasonable. Spending money to reduce carbon is just a subsidy for other countries who DGAF and will emit both theirs and yours.


When your country emits more CO2 there’s more CO2 in the atmosphere independent of what anyone else does.

So it’s true each individual country only receives a fraction of the negative impact of their own emissions, but that fraction isn’t zero and therefore should be taxed to maximize economic efficiency. Further joining international treaties to agree to collectively tax carbon at a higher rate representing the harm across all those countries is even more economically efficient.


Do you apply this logic for everything?

Dumping your waste, others be damned, is a hell of a way to live.


Do you think that therapy will lead to a better outcome for those men than following stoic practices?


They're not following stoic practices, they're rebranding alpha-havingemotionsisforwomen-broness as stoicism, and yes therapy leads to better outcomes then this, fight club came out 26 years ago get with the program

"Do you really think going to therapy will lead to a better outcome for Tyler Durden than following regular exercise and community with his friends ?" this is what you sound like


You might welcome them all, but you don't have jobs for most of them.


Still better than the US where they have no jobs AND they are persecuted...


Between 1965 and 1995 the average American gained about 6 hours per week of leisure time. They then used most of the additional free time to watch TV.


And what's happened since 1995 (30 years ago!) ?

Because all the trends seem to indicate that to make a living people are working longer hours, holding multiple concurrent jobs (eg https://gameofjobs.org/are-americans-now-more-likely-than-ev...), and holding off retirement.


We started offshoring manufacturing and growing the service economy?

Now the service economy is turning into the sharing economy, I think the only thing we are sharing is the greater profits and they are taking the lions share.


What’s the problem with that? People are free to use their leisure time how they see fit.


They were likely pushing back on the original comment, such that it isn't solely:

> ...those who decide about how your time is being used...

which stops individuals from:

> [spending] more time thinking, writing, playing piano, and taking walks — with other people.

Which it seems you would agree with. I don't see where they asserted whether this was a problem to address.


Source? Surely depends on the population chosen e.g. does average American include retirees?


Pretty sure the figure he's quoting is average hours working. bls.gov tracks this.

So no, no retirees or students or unemployed or disabled in that figure.


It does include people who would like to work more hours though. One of the trends has been people increasingly struggling to get enough hours.


Profitability in both 3 month and 12 month spans. Also minimum 12 months of trading history after IPO.

See page ~9 of https://www.spglobal.com/spdji/en/documents/methodologies/me...


> The point of rent control is to smooth out volatility. Rents can still go up, but the goal is to avoid sudden 150% increases etc.

Is it? I mostly see rent control maximum increases below the inflation rate, suggesting a different goal (appealing to voters?). If it were just to eliminate extreme volatility I think we'd see more 5/10/20% increases and less 1/2/3% increases.


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