He thinks AAA games are garbage, not because they are online but because they are AAA. Similar to people's opinions about Marvel films and other high budget productions.
Reading Matt Levine's latest column on this CBDC was sort of mind blowing. With a truly centralized digital currency the Fed would basically monopolize all bank deposits (why store money in the bank at all when your digital wallet is perfectly safe) and destroy the entire banking sector.
So they are forced to decentralize the currency to some extent, so that banks are the ones to actually issue the currency (after borrowing it from the fed).
Frankly that is the best case scenario for crypto. It's similar to the dot com bubble in 1999 actually, it's 20 years later and the internet is finally somewhat useful and intergrated into our lives. Originally it was just a bubble inflated with ad revenue inflated with investor money
There's some detail on weth.io. apparently ETH is not Ethereum (ERC-20) compatible, if you can believe it.
I'm still kind of confused how ypu go from one ERC-20 chain to another. I know there's wrapped Ether on other chains but I'm not clear on how it got there or whether it's a good idea to hold that. Seems like a "not my keys" situation in a way.
So, could the Ethereum community get together and agree to rewrite the blockchain and undo this transaction? Perhaps they could vote on it and have a hearing of the facts. Of course that introduces its own tyranny but is it possible?
You have the right personality for work-from-home. There are others who need that social interaction in order to be productive.
When I was in the office, most developers had headphones on when working and you wouldn't interrupt them at that time.
I definitely agree that if you're in the kind of role where you can turn off notifications and just put your head down and work, this has probably been a very productive year.
It used to be that you could not IPO unless you were profitable, and furthermore the point of an IPO was to raise money needed to fund growth. But today these companies have raised enough money from VC's that they don't need any more from the public markets. By listing shares and letting these insiders sell, there is more limited supply and great demand, so they can sell tiny stakes for inflated prices. It's really great for VC's and other insiders.
The world may be near the end of a long-term debt cycle, we will have to see.
In 1996 PE multiples were indeed high and there was indeed a correction. For instance the Nasdaq went from 1300 at the end of 1996, to over 5000, and back to 1300 in 2002. There was obviously productivity growth over 7 years, but valuations are another thing entirely.
You can rest easy knowing that most of these things provide practically no utility to anyone (or even negative utility), and they are simply speculative bubbles.