@carnage4life I guess Apple (and Cue) realized this would be such a killer app that they are just “doing it”.
Wish Meta would’ve been there already instead of abdicating to a bad experience via third party app.
This chart showing blast radius of the FTX collapse from @molly0xfff is bonkers. I have a sense that crypto prices are artificially high right now as the market waits to see how much money can be salvaged from FTX.
I’d expect once a lot of people realize their money is really gone, it will cause a fresh cycle of profit taking sales and a flight to more stable assets.
A great visualization that argues that as long as you have commerce, rich people are inevitable.
People who sell things for profit, have more money to engage in higher risk, higher reward activities. Even if we all start with same money, some will inevitably get rich.
This is a feature of commerce not capitalism. It’s why rich merchants have existed longer than capitalism has.