Some people find rich people irritating because they wield power in hurtful ways. That is not my main concern.
I tend to find them irritating if they are the sensitive sort who use money to reduce their exposure to irritations.
Generally I prefer people who are less sensitive - and you see, people who are less sensitive tend to be less wealth-seeking, as incremental wealth adds less to their quality of living.
Maybe that is too brutal.
( from an interest group ) A response to philosophical concerns about the education system in any specific country. Some practical notes on educational concerns in COUNTRY.
1. Make a distinction between
Implementation of any ideal to contribute to society hinges upon your own capability to function, first.
2. Any concerns you encounter about education in COUNTRY may not be specific to COUNTRY. It may be a global concern - you should suss this out early, so that any action is planned within an appropriate context scope.
The biggest threat to Bitcoin is another cryptocurrency. I don't know which one that would be, but you can take a guess.
1. Nearly all publicly accessible cryptocurrency operators ('validators") are fundamentally non-state-organisations, or NGOs, equivalent to unregistered religious societies. The industry lingo for this is DAO : decentralised autonomous organisation. Unless states outlaw such organisational activities, publicly available cryptocurrencies get to exist. States are incentivised to keep these around, as a form of mutually-assured financial vulnerability. No state wants another state's fiat to be the fiat franca, therefore nearly all states currently implicitly support non-state-fiat by virtue of not outlawing non-state-fiat.
2. Bitcoin however, has an overly concentrated share-of-mind. Currently it holds about 60% of the entire asset class's capitalisation, a fraction which represents what the investment community at large knows about cryptocurrencies in general. One might say the same of gold, among other metals, so maybe this isn't going away. However Bitcoin is becoming more complicated in ownership, financially leveraged in the economy, and intertwined with other asset classes. Moreover, unlike gold, Bitcoin is subject to catastrophic failure via cartelisation of validators and the 51-percent-attack case.
3. Under what circumstances might large holders of Bitcoin be forced to sell their holdings? (Looking at you, $MSTR.) Every professional asset manager's RMD should have this contingency documented clearly. Under what circumstances might nation-states collectively agree to outlaw non-state-fiat? Ditto RMD fiduciary duty. Under what circumstances might an ex-Bitcoin cryptocurrency gain more economic momentum than Bitcoin? The RMDs must have a plan.
4. Pro-tip. RMDs never have comprehensive plans.
5. I guess we'll just wait and see how things develop.
6. Everyone can go back to work now.
Geometric norms in visual culture.
1. chaos
2. straight lines, right angles
3. curved lines, circles
All styles can be plotted along a three dimensional axis, having more or less of each of these.
In some sense, this lens is extensible to aural and other modal cultures too.
centrist : Seems like automated circuit breakers on exchanges can be manipulated, to trigger panic-selling, and this should not be allowed.
capitalist : It's not the exchange's job to stop panic selling. In fact exchanges ENABLE panic selling which would not be possible without exchanges. The exchange's job is to allow smart money to take dumb money.
centrist : What are circuit breakers for, then?
capitalist : Circuit breakers allow smart money to take dumb money, gently ...
1. Ignorance is the basis of all investment.
2. Without ignorance, all assets would be terminally-valued in the present, and there would be no investment incentive, and thus no investment activity or industry.
3. Thus investment banking attracts smart-asses.
