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tldr; The LA Times podcast, the Times, recently discussed the phenomenon of crypto addiction. Co-host Andrea Chang recounted the tales of addicts who described obsessive-compulsive behaviors. Ashley Loeb Blassingame, the co-founder of counseling service Lionrock, likened crypto addiction to gambling in that both affect the same part of the brain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
If you look at a place like NYC, DC, SF, or LA - if you bought a house (any house) more than 15 years ago and didn't cash out refi, you're probably a millionaire. Some U.S. millionaires drive expensive or showy cars and live in big houses. Most drive Subarus and live in a 2,000 square foot 4BR/2BA in a good school district and pile money into their kids' college fund and S&P 500 indices (after maxing out 401(k) of course). They put 20% down on a starter house in a dodgy neighborhood and climbed the property ladder. They use a rewards credit card for all daily purchases and pay it off in full multiple times per month. Their credit scores are in the 800s. You don't see them because they do it the boring way. Others are very risk tolerant and impatient and want to turn $5M into $50M. They know they're comfortable for life, but they want to see if they can make their family comfortable for the next three generations. They'll be risky with $1M and safe with $4M.
Dude trust me, saying that stuff on reddit is like where a MAGA hat in a Starbucks in LA. Group mentality is crazy here even the mods are crazy leftwing weirdos. Do yourself a favor and ignore the lame ultra biased posts. It pisses me off too but its beneath your dignity. Just move on.
Sell half at $1.5M. @ 50% tax, that's $750k. He lives in LA, so your average $300k home price is absurd. It's more like $750k. That's it. All his money is gone. No money for taxes. No money for other expenses. Done. You are delusional.
Doesn't matter. They're so big now that during the next cycle a couple years from now that's going to moon again. I sold most of my cro when it was at the 80 to 90c range but I still have a lot left. I'm going to keep accumulating during this bear market, if it goes down to 6c or less even better. They're on the LA Lakers stadium and all over the UFC. They're going to be the biggest place to buy crypto during the next run.
That’s the case for roughly 98% of America minus the large cities with rampant violent crime. There is a lot that goes into the whys for violent crime but the reality is the massive majority don’t have to worry about this. The media has the ability to make a few small areas seem like a national problem. I’ve lived in 4 different states and traveled through almost every other state we have and the large majority are polite and just moving through life. Once you get into NYC/Chi/LA/SF then it’s a mad dash of *uck everyone but me. When I lived in smaller areas you can’t drive by someone without getting a wave or go through a door without someone saying excuse me or pardon me etc. these are the same areas that get vilified by people in large cities as backwards idiots. Now don’t get me wrong I love what cities have to offer in regards to various cultures, food, access to everything within minutes but I’ll take the “backwards idiots” any day of the week of people living in the cities. But it makes me understand why people that live in cities seem so hateful, I’d be mad too living in places like that for so long. It’s affordable where I live, people are nice and helpful and everyone minds their business.
True, but at the same time, when the network becomes so congested/expensive that the vast majority of users can't make use of it, that's a big red flag. People don't sit in rush-hour traffic for hours on the LA freeway and say, "Ya know, this is working just as intended and I should be happy about this."
The US is trillions in debt. They can only keep the economy going by diving into further wars. The geopolitics play into their market and the current world economy is stabilized by China. In China you can make business the way you could in the US in the 1920's. Look at their infrastructure on average and compare to the US. Look at LA, everyone moving out, country is collapsing bc the elite have robbed its people. If Trump gets back in office, things may change, but its unlikely. You better focus on Asian markets and the developing parts of Europe. The West is going into deep recession.
I traveled a lot in Cali. Went to LA, SF/sac dozens of times, way up north for camping. South East for exploring. There is some truly beautiful areas I'd love to spend a few weeks (none of the cities.) Unfortunately almost all the negatives I listed a relevant to every place I've been, except for the small cute little towns where people aren't as rude constantly.
I agree that Fox News pushes wildly exaggerated narratives that often get parrotted online. From what I've observed traveling through CA, there are plenty of affluent areas with relatively low crime rates (particularly near the beaches)... CA's major metropolitan areas are a completely different story. I have personally observed people shitting on public streets in broad daylight. I also personally know people victimized by violent criminals who were released by CA's justice system after ludicrously short sentences. Media hyperbole aside, I don't consider CA's major cities to be "safer" than those of most red states. In fact, I consider areas like LA and the Bay Area to be considerably less safe (especially for visitors from other states) due to CA's state/local carry laws and lack of reciprocity for out-of-state permits.
Both articles cite census data, so I'm guessing the articles you cited are comparing states to the nationwide poverty line, while the business insider article is adjusting for cost of living by state. Comparison between LA poverty line vs federal poverty line: http://www.laalmanac.com/social/so24.php CA poverty data (statewide): https://www.ppic.org/publication/poverty-in-california/ Personally, I think it's far more naïve to claim that CA is a well-run state despite well documented corruption at all levels of government, high poverty rate, skyrocketing violent crime (particularly armed robberies), and major cities that are quite literally covered in human excrement (San Francisco & LA).
I don’t even understand what you wrote? Are you saying that a 20 year deal owning a stadium that houses the most popular basketball team of all time isn’t worth it? Not only does it house the Lakers, but the clippers and LA Kings as well plus all of the miscellaneous events. But I’m sure you’re smarter than their head of growth Henrik Johansson ya know the guy who took Spotify from 35 million users to 360 million.
They signed a 20 year contract with the biggest stadium in LA, they have secured prime location brand advertisement on expensive and popular sports events all over the world. The cards were too good to stay around forever, surely people knew that, those rates were not sustainable, I always figured it was a growth incentive thing, and because I know they're corporate douche bags from my experience with them I'm not too surprised they did it like this. The way they've done this is bad don't yet me wrong it should have been rolled out very slowly, but they aren't going anywhere as an exchange and their coin still yields 12% for staking and has use in their DeFi ecosystem, so new users will still buy it. I'm not that worried lol, and I really hate them as a company lol, corporate wankers. They're going to be fine next crypto bull market though, plenty of new users will choose their exchange just because they've 'heard of that one' from going to sports events. Crypto is high risk and this is why, this could kill them, there's a chance, companies with shitty morals tend to do pretty well despite their actions though, I don't think this will kill CRO.
It’s presently better to buy the coins than mine imo. Mining all depends on location and height is the biggest differentiator. To many buy thinking plug and play, in a way it is but majority earn little and want to know why. Many have spent a lot of money putting up masts or poles to get the extra height, plus buying stronger antennas, therefore extra outlay. Do your research, if you’re in an area with few others it could be beneficial but just adding in London/LA/Houston etc in a house with antenna inside is likely to provide much benefit with potential of years for ROI. That money on the set up could buy coins today that are likely to more than double (just my opinion).
I really enjoyed it, even though most of it I already knew about. It traces the roots of hip hop back in New York, and then covers the rise of gangsta rap in LA, the east/west coast conflict, the mixtape era and then the rise of crunk and trap in the south. Has a lot of interviews with OG rappers with some interesting insights. Certainly inspired me to try out some new rappers and also put some older records on again. Definitely recommend.
2nd wave is coming. It'll probably get billed as NFT2.0 or something like that. There was an inordinate amount of money thrown into all projects in 2021. Just ridiculous amounts, because well it was fomo chasing gains. Huge percentage went into the pockets of scams, fraudsters and failures. Others pushed time in over quality and released the crap we are used to seeing now attached to NFT's. Yet still other projects have been developing over this last year, which mind you isn't a very long time in dev space. We see this come out probably 2nd quarter or later. I believe it won't be buy NFT for 3k to 300k in the hopes for getting rich for this one but more like trading cards, or arcade tickets. Like you buy a physical product and the NFT is neat collector card thingy, online ownership proof, access ticket etc that comes with. Nothing hugely expensive (so it'll need to be on the right layer 1) but just a feature. I think BAYC moved in this direction, as in you buy this ridiculously expensive NFT and you get these X perks. I just think the right project needs to get it cheap enough for more mass appeal yet still hold a status or be exclusive enough. So you buy those latest Nike and get a nft allowing you access to watch a training session of the LA Lakers. You don't live in LA so you sell that NFT for X hundred. Now do you need NFT's to do that, not really. It does seems to attract attention if you do though.
it didnt fail, the US staged a coup that led to a 12 year civil war which led to a corrupt US appointed government so the US was free to do what they wanted with the country, including changing its currency. this is the simplest form of the events that led to a destabilized country being forced into adopting foreign currency. this is why the US hates the new president, he comes from saudi money and isnt worried about what the US wants anymore. my family and i are here because when the US realized how bad they fucked el salvador over they gave amnesty to Salvadorans that could make it to the US. while at the same time deporting LA gang members that started what we now know as MS13. its a a good read if you look up the history of events during the 80s-2000's in el salvador.
Then post one of the countless articles about people holding each other up for BTC not some crime commentary about how LA county is a shithole. It should be underlined in the article where it says some people do the crimes to be released with no bail, to do the crimes again. The bigger criticism I have is this article doesn’t even mention BTC.
All I learned from that article is that no one should live in LA, and that if you are rolling around flashing over 100k, bare minimum arm yourself. People be hungry in the streets, this isn’t a BTC related post but a regional crime post.
Well for me, I see crypto as both a long and a short term investment, i find solace in the blockchain tokens, i feel safer with the big caps assets that already has a slot in the space, ETH BTC DOT SOL et al Conversely, this doesn't dissipate the facts i still hold a moderate bag for the short term or for trading purposes, I flip MATIC and UBXT on different platforms, specifically i stake stables and earn UBXT on superbots. with a decent APY , enough to power my ride amidst the high cost of gas in LA
exactly! i mean MS13 started in California, after the war in the 80s/early 90's people came to the the US (because the US started a civil war that lasted 12 years), some started gangs to protect each other from other gangs in LA. the founders got deported to ES which was still in ruins. because of the drug trade and the fact that there were now tons of orphans in ES these guys were able to take kids in, take care of them, and made them member of the gang. the numbers grew by the month till we get to what we have today. there's a ton of information between all this but that would a while to type out in detail.
What happened is the same thing that happened in LA, NYC, and every other major city in the U.S. Inflation is soaring due to money printing by the central banks, the 2008 financial crisis got a Band-Aid slapped on it and COVID came around just in time to blame the festering wound of 2008 on a virus when really the problem was just kicked down the road, and the gap between the very tip of the top and the bottom is enormous. San Francisco is priced for millionaires, but no city can operate with only millionaires living and working in it.
It’s an unrecognizable hellscape these days. I loved the city when I was a kid and young adult. You can’t walk 10 feet without getting harassed, seeing drug addicts shoot up, and violence nowadays. All while the police do literally nothing. It’s like Escape from LA but not fun.
Are we talking about San Francisco or LA or um "California cities"? Your comment is so broad it means nothing. San Francisco doesn't even crack the top 100 cities in the US in crime rate. New York has more violent crime than SF, though SF has had a lot more property crime recently. As for states in general California has the 17th highest crime rate, below Alaska, DC, Tennessee, Arkansas, Arizona, Louisiana, South Carolina, South Dakota, Michigan, Montana, Oklahoma, Alabama and Texas (all Republican states and a district that the US couldn't neglect more if it was actively trying to prove how institutionally racist it was. As for LA, yeah it has it's problems too, and one of them is similar to the one a lot of California cities have, and that's other states shipping their mentally ill homeless people for us to deal with while talking shit about how bad the "homeless problem" is in California, and cutting anything socially responsible.
As some one living there, it’s just people favorite place to hate. I love it here. My neighborhood is gorgeous and we’ve got a few colorful homeless that come by, but the ones in our neighborhood are nice and not aggressive. One reason Downtown SF is a mess because all the homeless services are centered downtown and so that’s where they stay. Additionally, way more tourists over there then in my quiet neighborhood. Combine that with the fact that the city is actually REALLY small. The entire city and county is 7 miles by 7 miles (for context Manhattan is 23 square miles and SF is about 47 compared to Chicago 230 and LA 469). As a result you have very dense and concentrated poverty centered in a highly visible tourist area. The problems downtown are BAD, I’ve only felt less safe in New Orleans and that was wandering around late at night in post Katrina New Orleans outside the quarter by Luis Armstrong park. There are big problems that need to be dealt with, but they are problems most cities are dealing with in USA (I’d argue homeless is worse in LA), but the size of SF and the visibility of it makes it a PRIME target.
“Crime is a result of poverty”…. That’s the brain rot argument that got us here. SF, LA, is complete shit and the entire state is not far behind. Yet you still sit here and parade the drooling take that “cRiMe iS a ReSuLt Of PoVeRtY”.
You seriously don’t buy that rich people are less aware in those spaces than people who grew up in similar spaces? And absolutely, I do appreciate my privileges. Anecdotally, across probably over 100 people I’ve known in my time in LA, the only people who consistently have problems are people from richer East Coast or PNW areas. In statistics usually a 30+ size sample is a good base so make of that what you will.
It doesn’t help that other states have been caught bussing their homeless to California. Nevada is the only one that has been caught but I’m sure there are others. If San Francisco County(2021) was its own state, it would rank 30th in terms of gdp, if LA County(2020) was a state it would be ranked 6th in the USA and Santa Clara(2020) 21st. People really lack perspective on how big California is and that its cities have GDPs larger than many states (and countries) and it’s considerable more complex. Also, California pays more and gets back less in Federal taxes.
Meanwhile we have hundreds of thousands of homeless people popping on corners of major USA cities like LA, SF snd NYC. Many of them have mental health issues. We can’t save others when we refuse to save our own country’s problems. It amazes me people throwing millions and billions to a foreign country when many of our major cities are literally rotting snd decaying.
They did not legalize petty crimes, they just increased the amount of damage done before spending resources going after the perp. Similar policies are enacted in other cities such as those in Texas. From all the recent organized looting, it feels like there is an organized crime group pulling the strings in the Bay and LA
Yes. Also, story about LA. At midnight or later there was a guy on the sidewalk with his pants all the way down, facing the street walking hard, like trying to finish. He blew his nose into his walking hand and kept going. Didn't hang around to see the finale
I’ve lived in a working class neighborhood in LA for about 7 years and have never even felt uncomfortable out running at night. Never been threatened, never been mugged, never been followed, never even been yelled at except once when I rafted into a homeless hideout in the LA River. I’ve also never had any of those experiences in 1+ month spent in San Francisco over my life. I think a lot of people just aren’t self aware and put themselves in dumb situations.
I’m in LA which is probably worse tbh. Dude i took a detour because some accident and as I’m going down the street there are a bunch of dudes with cars parked facing oncoming traffic. They turn their lights on so I’m blinded and start trying to get me to stop. Floored it the fuck through that shit, fuck off. Honestly I’m a brown immigrant guy. I don’t want to die to some dumbass gang bangers or crack addicts I’ve got a life I want to live.
You still have time to delete this comment.. LA and SF are the most economically successful places to live I the state of CA. Yet you have midevil diseases plaguing open air drug markets on the steps of city hall lmao... Do yourself a favor. Don't be a partisan hack your entire life.
I live in Chicago now and people say the same thing. I've been to SF a bunch as well. Certainly, homelessness is a huge problem, but as others have said, they bus people there from poorer states. It's also undeniable that you'll end up with people congregating in big cities, and if they lose their jobs or fall on hard times they won't be able to afford the rent and end up homeless. Pick a big city, whether Chicago, NY, LA, SF, New Orleans or whatever and there is a huge homelessness problem, partly because so many homes have been bought by investors and prices are skyrocketing. I may get downvoted to hell for this, but it's also because right-wing culture loves to shit on American cities. It was a huge part of Trump's campaign, and continues to be part of the zeitgeist today. They make a huge deal of the poo in SF particularly because the city is associated with the LGBT movement and "deviants." Without fail, anyone I've heard in person tell me about the shit on SF streets has never been there like I have, but will angrily argue with me and call me naive. And they get even angrier if they point out all the dog poo I see all the time in our suburban neighborhood because "that's different."
Until recently crime had been declining all over the country for 30 years, so basically we hit record lows. And while the big cities get all the press, their crime rates are typically lower than other parts of the country. Murder rates in Trump voting states were 40% higher than Biden voting states for instance. Jacksonville , Tulsa and OKC have higher murder rates than NYC and LA. Even in CA, the murder rates in Bakersfield and Fresno (Republican mayors) is twice that of SF or LA. What we have is a growing wealth gap and a near decimation of the middle class that will continue to cause homeless problems until it is treated like an economic problem rather than a criminal one. https://www.thirdway.org/report/the-red-state-murder-problem
The last time I came for a conference, my walk from the hotel to conference center was past homeless people shitting on the sidewalk and openly doing drugs/having schizo episodes. I've been to other conferences, sure there is bad areas but no other cities (besides maybe LA) allows homeless to take over the premier areas of the city for tourism. This was 2018 for the RSA conference. My boss kept trying to send us but we refused. I'll never goto SF again. I don't care if you think the city is great, I am going to judge it on my visit to a major tourism area. I've been to other cities for conferences and never seen anything like it. Please realize other cities/citizens find this situation totally unacceptable.
Cool. I’m in LA. DM me your address and I’ll come pick you up. We can drive around skid row, the valley, Venice, and a whole bunch of other places that have become homeless shitholes while you tell me all about more love and compassion (aka enabling) is the answer to these problems. Tell me all about how happy and free these people are and how their sovereign bodies should be allowed to make everyone else’s lives worse.
I live in LA but visit SF every year. People saying the city has turned into a dumpster fire with crime, homelessness, mental illness, and drug abuse are correct. It doesn't even look or feel like SF anymore. Just try walking through Union Square and tell me otherwise.
There are literally no studies that prove this - Last LA homeless count found [something like 87%](https://www.lahsa.org/documents?id=3437-2019-greater-los-angeles-homeless-count-presentation.pdf) of the folks had been last housed in CA and had been living in the state on average 1+ years - 75% had been in CA 5-10+ years. [Politifact](https://www.politifact.com/article/2018/jun/28/dispelling-myths-about-californias-homeless/) has a great article on it. The Bay Area's stats are [pretty much in line](https://osh.sccgov.org/sites/g/files/exjcpb671/files/2019%20SCC%20Homeless%20Census%20and%20Survey%20Report.pdf) with LA (\~75% of folks have lived here 1+ years & \~69% 5+y) - The only thing you're finding is that homeless \*within\* CA are ending up in counties like Santa Clara at a disproportionately higher rate due to the level of service provided. That's an old argument for people who want a straw man to distract from the incredible amount of damage prop 13 has done to the state.