Readit Newsdnprock commented on Lockdown, distance learning likely to increase social class achievement gap nature.com/articles/s4156... · Posted by u/infodocket
Closing schools and lockdown exacerbate the inequality that has already been in place. Instead of seriously looking at how to address the problems, we blame it on lockdowns. We're taught to think that opening schools will fix the problems. The US government printed 16k per individuals. Each person gets 1.4k. The rest goes into "recovery". We just want to find convenient ways to bury the real problems.
dnprock commented on Nicholas Taleb's Amazon Reviews amazon.com/gp/profile/amz... · Posted by u/jdmoreira
Fooled by Randomness by Nicholas Taleb is probably the most influential book I have read so far. It completely changed my world view. But at the same time it made life less meaningful. Are there any books to minimize the damage made by the book? Books that give propose and meaning back to life?
For those who are confused by Taleb, I recommend reading some Eastern philosophy. It offers insights for coping with circular and contradictory life. Tao Te Ching, Yi Ching, Buddhist texts.
My hot-take having watched the culling from an invested position follows. Disclaimer: i hold both BTC and ETH.
While the market in general is down, the major losses in this crash were Bitcoin, Doge and Shiba. Bitcoin is an obvious result given the news. Doge and Shiba have had pretty spectacular gains over the last ~30d and seeing them lose considerable value is unsurprising if you follow crypto markets much. Seemingly new money has been racing in lately (see big rises in Eth Classic and Bitcoin Cash as well), i find these dips also unsurprising given past behavior.
As a somewhat meta analysis, i feel BTC could have an interesting summer. BTC plateaued at $1.1T in market cap. Meanwhile, Ethereum has been on a steady rise from 250-500B+. Talk of "the flippening" has returned in a way i didn't anticipate, certainly not this early on.
While this news impacted the whole market (the market still follows big BTC swings to some extent), i have found my personal sentiment shifting to be increasingly bearish on BTC and bullish on ETH.
I have the opposite take. In bull runs, the market swings between BTC and altcoins. Dogecoin rise unintentionally benefits ETH. It weakened Bitcoin but strengthens Dogecoin and Ethereum. With this crash, people will realize that BTC is the crypto that matters. BTC runs the market. The FUD will cause people to flock to BTC. But that's just a guess. Anything can happen in crypto.