Ethereum's PoS supports up to a million or so independent full-fledged stakers. That seems fairly decentralized to me.
Centralization issues come along with liquid staking solutions like Lido.
Readit Newsithinkinstereo commented on Ethereum just activated its ‘London’ hard fork cnbc.com/2021/08/05/ether... · Posted by u/alexrustic
ithinkinstereo commented on Starting a crypto project twitter.com/jonsyu/status... · Posted by u/grey-area
> BSC, whose sole purpose is to make scams out of ETH projects and run them on a centralized chain, sits close to 100 billion dollars
Scams are big business, but that just illustrates how delusional and bubbly these are; is BSC, a thing I'd never heard of before, really of equivalent value to .. Square? Lockheed Martin? Target? AirBnB? AMD? NTT? Uber?
BSC is a Eth competitor by Binance.
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.
the family operated kitchen on Main St. has rent, fire codes, safety equipment needs, some form of sanitation code/inspection to pass with the city.
Uber Chef ignores all of that and bypasses all overhead - you don't need a restaurant or even the physical location of a building to employ chefs to cook food. No need for health inspections or expensive fire suppression equipment. (you use people who want to rent their home kitchens out for cooking)
That's Uber's raison-d'etre - to bypass all legal restrictions and externalize all overhead in the way of getting the items to you.
This isn't a joke, this is what Uber did with their taxi service at the beginning as MVP so why not do it to food services as well?
I recall some East-Bay based startup a few years ago that basically tried this model.
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.
Switzerland is strange because restaurant food is so tremendously expensive there compared to the rest of the world. In most cities in America, for $5 you can get a half-decent meal that's quite a bit more palatable than airline food, and for $10 you can get something from (mostly immigrant-run) restaurants that's somewhat nutritious as well.
There are meal-delivery services here that are basically what you describe, but they usually deliver food weekly and they're kind of pricey. They're mainly targeting time-strapped single people who are trying to eat healthier and don't want to do all the mental work that goes into grocery shopping, meal prepping, cooking, etc.
It's getting harder and harder these days to get a good meal in the US for under $10 all-in w/ tax outside of rural super low COL areas.
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.
ithinkinstereo commented on How Chinese Officials Hijacked My Company wsj.com/articles/how-chin... · Posted by u/ilamont
How is this downvoted to oblivion 5 minutes after posting?
Because it’s a ridiculous rant that stereotypes an entire country and people based on one anecdote.
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's a lot to hate about Covid-19 but the planet must be breathing a sigh of relief at the reduction in planes and cruise ships pumping carbon into the air.
I wonder how much of this is offset by the increase in shipping volume due to the increase in ecommerce volume.
ithinkinstereo commented on Wirecard files for insolvency after financial hole laid bare dw.com/en/wirecard-files-... · Posted by u/tchalla
But the commodities sector has entire organisations built around checking that cargo of cane sugar /coffee really is what it says what it is.
Edited for spelling
See: Hin Leong Trading for a current example.
ithinkinstereo commented on Navigating the Venture World as a Black VC dot.la/black-venture-capi... · Posted by u/ericzass
> it won't get much better than being a model minority, which is to say it's a more privileged existence than being black is (sorry for the bluntness),
As an Asian, I actually think that Asians are more privileged than White people. As a group we earn more, have better life expectancy, and have to deal with less historical baggage. If you search for it, any group can find areas where they feel they are being mistreated, but on the whole, your parents’ strategy has succeeded spectacularly. I think this is in part, because it was a win-win strategy. We were able to make our lives better without making another race feel bad or making their lives worse. Nobody had to lose for us to win.
What? No, Asians are definitely not more privileged than Whites (in western society). You're conflating socioeconomics with race. And how do Asians have less historical baggage? Many Asian countries have a history of being colonialized and being exploited.
Because they tried that and white assholes burned "Black Wall Street" to the ground. Then (whites in power) promptly began changing building codes to prevent them from rebuilding on the theory that it burnt to the ground not because crazy racist assholes torched it but because it was a slum not built to adequate standards.
https://en.wikipedia.org/wiki/Tulsa_race_massacre
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.
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).