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Comment This isn't a new idea, just a new application (Score 1) 48

Using crypto schemes to create a capital pool is like when Michael Milken started creating junk bonds in the 80s for companies that couldn't secure financing.

You're basically dumping money into something / ***someone*** that you have no knowledge of or understanding of. Might as well be one of those guys who ran to Wall Street Bets subreddit and threw their money into GME and prayed they didn't get screwed. Most of them took it up the rear sideways, but hey. Throw your money into something you don't understand can sometimes play off.

I use the term *sometimes* loosely.

Comment Re:Roll your own server (Score 1) 109

In today's environment of increased cyber attacks, I cannot support this recommendation. Securing Internet facing services is a real issue these days. I've never really been a fan of outsourcing to 3rd parties for these types of services, but there are cases today where I do use them.

Email is definitely one of those cases. Email is one of the most highly attacked services and securing an email server is a full time job and hence why I believe using a high profile email service is a good idea because they have a full-time security staff defending that service.

While I still do host some email servers, they are mainly relay hosts that do not accept incoming mail and SMTP connections.

This is definitely a work smart, not hard situation.

Comment Inverted Yield Curve (Score 5, Interesting) 78

Pretty much all recessions have been predated by an inverted yield curve event. As of yet, that hasn't happen. I suspect this is more of a correction, though an inversion can still occur.

There was an inversion in late 2020, but it was extremely brief which has happened before without a recession. A more sustained inversion is pretty much a warning sign that it's definitely coming.

That said, the inverted yield curve can predate a recession by over a year in some cases. So just because we had a minor inversion doesn't mean it cannot still lead a recession a year afterwards.

Remember, the Fed has been feeding the economy since COVID struck and are about to tapper off that feeding and make the economy stand on it's own legs. Clearly what we are seeing now means it doesn't like what it's tasting. Of course, when you're being fed free money, who would like it when that pipeline gets turned off.

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