Economics

New confirmed belief of mine, as I've suspected for a while: fundamentals completely gone. You have a population that doesn't respect money, with easy access to the tools like Robinhood that allows them to gamble, they gamble because their salary is  a joke, and fiat is a joke. 

There's a peak to this mania however.

this might be a controversial opinion, but I see most tokens as an aperiodic proof of work/liquidity where discretion replaces definition.

frankly, the opposition/omission to "regenomics" is proportional to the deserved risk inherent to postmodern finance (e.g. now zoomers have sportsbetting)

This is the alt account of Sister Hazel. Writings at https://powerlaw.systems. Curating https://protocol-particles.github.io.

Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Having some issues the past 10 mins with the servers hence the infinite loading wheel, trying asap to fix them

Nice. Subscribed

FYI @colin I had a super churny UX
I added my email to sub, and got asked to log in 
I guessed my pw: was told I didn’t have one & had to make one
I then received a forgotten password email & tried to complete it, but got stuck on an infinite loading wheel
I then gave up and sub’d with a new email

Related, @xh3b4sd.eth wrote a refutation of the financial nihilism hypothesis — see https://powerlaw.systems/memo-w11-mar-2024?referrer=0xfbd39c29DBbbe1F3E563e2a8233262c29040eFeF

Agree, but I think the "no fundamentals" trend has longer legs than we anticipate. Even with a recession, we're just pausing to rebuild some capital and then everyone heads right back to the tables with it (you note the key reasons). Possibly even more so to make gains for lost time . . .