ithinkinstereo's comments

Max out you're tax-advantaged retirement accounts.

If you're young, invest a non-small portion into high-growth, "risk-on" assets, preferably in an industry you know a little bit about and can imagine where the trajectory of growth will lead to.

If you're staying put for the foreseeable future and don't mind limiting your optionality, consider buying a home (basically a 5x leveraged bet).

Gas costs in ETH have been at historical highs, making it uneconomical for players under 5-6 figures of capital to do basic transactions, let alone yield-farm / manage positions, so various DeFi dApps have moved over to less congested chains like BSC and Solana.

Sure, lots of scam projects due to cheaper deployment costs (again low gas fees vs Eth), but legitimate projects too: see PancakeSwap, which started out as a Uni clone, but has arguable expanded to offer more / different set of features.

Speaking more broadly, yes, we're in a crazy bubble, but that's really the case across all asset classes at the moment due to rampant central bank printing. Scams are proliferating in equities too, see SPACS.

Not to trot out the "this time is different" meme, but unlike the '17/'18 cycle, you have far fewer whitepaper copy-pasta scam ICOs and way more legitimate projects; with real teams, real users, real use-cases. Plus, institutions are actually ape-ing in, so take that for what you will.

IMO pace of development and adoption will only accelerate from here on the back of an already "mature" internet and mobile ecosystem + generational familiarity/acceptance of digital value in the youth.

As someone who grew up during the transition from analog-digital, crypto gives me mega 90s/00s internet vibes, especially the feeling of inevitability around the DeFi space.

They allowed individuals to sell food / operate as a pop-up restaurant.

IIRC, it got closed down because of health and food-safety related regulations.

A more sustainable version of this business model is basically a food truck / cart.

In any of the major urban areas in the states, a $5 budget would limit you to various street foods (a couple of tacos, a banh mi, maybe a slice of pizza) or a couple of items from the dollar menu at the various fast food chains. Frankly, your typical airline meal is more filling and nutritious (but not as tasty, unless you're flying a middle eastern or flagship asian airline, of course).

A decent McDonald's meal for example, would blow up your $5 budget pretty easily.

Plenty of entrepreneurs have been cheated / outplayed in the west in the same exact way. See the recent controversy about Amazon meeting with / investing in, startup companies for the purposes of stealing and cheating.

On a sidenote, wumao exists in the west too. And it’s just as sloppy.

See AMA from CIA Asset Rushan Abbas: https://www.reddit.com/r/IAmA/comments/e9ad4n/i_am_rushan_ab...

Or this strange one from the Human Rights Watch China Director: https://www.reddit.com/r/worldnews/comments/hwi7ub/i_am_soph...

There were no convictions for any of the charges related to violence. There were decades of silence about the terror, violence, and losses of this event. The riot was largely omitted from local, state, and national histories: "The Tulsa race riot of 1921 was rarely mentioned in history books, classrooms or even in private. Blacks and whites alike grew into middle age unaware of what had taken place." It was not recognized in the Tulsa Tribune feature of "Fifteen Years Ago Today" or "Twenty-five Years Ago Today". A 2017 report detailing the history of the Tulsa Fire Department from 1897 until the date of publication makes no mention of the 1921 fire.

The data may not be too reflective of the current situation on the ground, however. From the website:

"Note: Executive Order N-31-20 (PDF) temporarily suspends the 60-day notice requirement in the WARN Act. Visit COVID-19: WARN FAQs for more information."

Out of curiosity, I went through about a dozen and not a single one had a balance above $1,000. Most were below $500.

There is little financial literacy in this country. Basic lessons about opening a bank account, the difference between checkings and savings, etc. is not something that is taught in K-12 nor in College. Let alone more "advanced" topics like 401Ks and IRAs and investing in the stock market.

Is there any question? 80% of the Chinese workforce has been sitting on the sidelines since mid-January. Production is just barely ramping up and I don't think we'll see full capacity until well into April, provided that COVID19 is truly contained/managed.

Edit: not sure about the downvotes. Here's a source about Foxconn production: https://twitter.com/onlyyoontv/status/1234855310428430337

We may see this pop into the 1000s by the end of the week.

1. https://www.gurufocus.com/term/ShortPercentageOfFloat/NAS:TS...

Yes, there are certainly similarities between the USSR and China. But if we are to be objective and fact-oriented here, comparing China today to the USSR in the 80s and its response to this epidemic to the USSR's in Chernobyl, is a big stretch.