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Joined 1 year ago
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Cake day: July 13th, 2023

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  • While trading in general is zero sum, if you believe the product you’re trading has intrinsic value, then no one needs to be holding a bag.

    If I sell you a car and you get to use the car, you wouldn’t be holding the bag, because you wanted the car. This applies to stocks, and stock derivatives, as well as commodities.

    The problem arises when there isn’t an intrinsic value (or the intrinsic value is very small), such as with NFTs or many cryptos in general.

    There are cryptos that have some intrinsic value like monero, since they have fungibility and a use case, but most do not.





  • The people who can get holidays off are generally the people who have the means to vote otherwise.

    Until the last few years, the only time I had holidays off were if I could get someone to switch with me, meaning at least someone was working that day.

    Labor day didn’t mean shit to me working at fast food, and retail has sales instead of closing.

    Walmart ain’t closed on labor day and neither is McDonald’s.

    That’s the first and second largest employers in the world, not respecting the holiday literally made for their employees.