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Comment Re:Unmatched Liquidity (Score 1) 26

Right now the drive to diversify is entirely political.
Ok great you hate Trump, congrats.
The FACT is that there is no serious alternative to the USD as a reserve currency.
The currencies mentioned (euro, yuan) are indeed probably the closest in a basically empty field.
The yuan is controlled by a deeply dishonest tyrannical government that hasn't authentically reported financial information for decades. The EU is an anti democratic talking shop that can't manage to stand up a coast guard, much less manage a monetary policy.

Don't get me wrong, there are major, major issues with how the US handles economics. Inter party vacillations every 4 years. Dishonesty about inflation or economic data when it's politically inconvenient. But to the point of real-world contexts critical to underpin faith in a currency, the US remains economically dominant, more militarily secure than all others, and well supplied with food, water, oil, and raw materials.

Comment Let them fail (Score 1) 18

I had to read the blurb several times, but if these companies don't want to play by the same rules and regulations that real markets do, let them. Let them sell whatever they want in whatever fashion they want, without protections.

Then, when the daily occurrence of crypto theft occurs, they can be on the hook for making the "investors" whole again. Or not. Depending on what "exemptions" are given it's possible they may not owe anything, in which case the "investor" will have learned a valuable lesson:

Trade on a real market with real securities which has regulations designed to protect everyone involved.

Comment Re:What's the range? (Score 2) 35

The other post linked the study.
As far as I can tell yes, your supposition that there's "averaging" going on is correct. Insofar as I can see (I skimmed it, certainly) they report roughly similar quantities of data from makes and females going into their analysis, but after that it's all lumped together.
Further, while they acknowledge in their analysis that their data is biased toward West, anglophone, rich cultures, I feel like they universalize their conclusions a little too freely.
Really fascinating stuff here, but imo their data is a bit too summarized.

Comment What? (Score 4, Insightful) 164

each additional year companies delay upgrading equipment results in a productivity decline of about one-third of a percent

How is that even measured? Someone needs to tell us how not having the latest and greatest phone reduces productivity. The four basic uses are making/receiving calls, texting, checking email, internet. How can a 2024 model phone possibly be that less "productive" than a 2025 model?

As for PCs, the vast majority of people use Word, Outlook, and a browser (usually the memory hog Chrome followed by Edge). Again, explain how a PC which is three years old reduces productivity in this day and age.

This article almost sounds like an ad to get people to buy things to keep the economy rolling rather than a serious discussion.

Comment But....why???? (Score 1) 221

There is a lot of argument here about the technicalities: CAN we do it? There is a lot of argument here about the politics of it: Would we be ALLOWED to do it? There is a lot of argument here about the COST of doing it: Can we AFFORD to do it? But the fact is this country is 3,000 miles wide (maybe 3500-4000 miles diagonally), 1500 to 2000 miles deep, so the question is: WHY do we want to do this? How many people really need to travel from Seattle to Atlanta with a suitcase? Either fly with the same suitcase much faster, or drive so you can take along the kitchen sink. Otherwise, use Zoom.

Comment Re:This is not a job for a corporation to do (Score 1) 115

"why did we continue to feed them?"
Did you forget about how the whole industrial Western world runs on oil and that alternatives didn't meaningfully exist until the last decade (and even now they're basically edge cases)?

It would that spoil your little "durr it's all them corporations fault!" oversimplification?

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