🍀🐻 DrCoin 🐻🍀 $ DRC 🎗Token dedicated to taking care of people's health and saving lives [Released 24 hours ago and 1.7M MC now] [Liquidity Locked 🔒] [+350 Holders] [25% Supply Burned 💥] [ 📸📢 YouTuber Video just released] 🧨AMA Tonight Unirocket bot coming and more news🧨
WTF Happened in 1971 is a well known propaganda site which engages in statistical malfeasance by using different inflation adjustments to deliberately manipulate suckers, as well as other deliberate forms of misinformation. It uses data from the EPI, which is a leftist propaganda front known for deliberately spreading false information. "WTF Happened in 1971" was a divergence of CPI from other inflationary measures, resulting in CPI greatly overestimating inflation. --- CPI isn't a measure of inflation. It overestimates inflation on average by more than a percentage point per year cumulative, which of course, over 50+ years, ends up quite a lot. The difference between the IPD / GDP deflator (which is used to adjust the GDP and productivity calculations) and CPI is over 100 percentage points and in fact is closing in on 200 percentage points. The GDP deflator since 1970 went from 21.28 to 123.583 - an implied inflation of 580%. CPI since 1970 went from 37.9 in 1970 to 291.474 today - an implied inflation of 769%. In other words, CPI claims that inflation is 32% higher than it actually is, if you are comparing to GDP or productivity. Or to put it another way - most of that "gap" you are looking at is because of them using different inflationary adjustments for productivity/GDP and wages. They're adjusting wages using CPI, and adjusting productivity using the IPD. It's flat-out statistical fraud. If you use the same adjustment, then half of the gap vanishes. But it's actually worse than that. The second reason is that they aren't counting all wages. They're counting only wages of a specific type of hourly worker. They exclude people who are salaried and in managerial positions. Guess which industry has seen most of the productivity growth? If you guessed "High tech", you win! And guess what? Most people in high tech are not hourly workers - they're salaried. As such, they're deliberately excluding the people who are contributing the highest amount productivity - and which, not surprisingly, have seen the highest wage increases. Thirdly, they're using wages, not "total compensation". Non-wage benefits - such as bonuses, insurance, vacation, etc. - aren't included in that. But guess what? That's paid for by productivity! Where did you think that money was coming from, thin air? No, of course not. And not surprisingly, the amount of non-wage compensation has skyrocketed. [You can create pretty much whatever graph you want, depending on which of these factors you include and exclude, as shown by this graph.](https://www.heritage.org/sites/default/files/~/media/images/reports/2013/07/bg%202825/bgproductivityandcompensationchart6600.jpg) So, okay. If you do it right, total compensation has gone up by 77% while productivity has gone up by 100% in the 1973. So, we're still getting ripped off by 23%, right? Well... no. First off, depreciation rates have gone up from about 13.4%/year to to about 17% per year. Why? We have to replace computers and other electronics more often, and they're expensive. Depreciation represents an increase in cost - basically, say your new factory produces twice as much stuff per worker, but 20% of that additional productivity is spent on replacing more expensive parts/replacing parts more frequently. Your actual productivity gain is not 2x, but 1.8x. The second (and larger) factor is that capital costs even aside from depreciation have gone up enormously. In 1970, labor share was about 63% of costs. Today, it's about 55%. The reason why is that the cost of capital goods has skyrocketed. This isn't surprising - capital costs are what allow us to build super awesome factories and computers and whatnot that are much more efficient. But these cost more relative to your workers than they did previously, because they ARE way more awesome and more difficult to build. This means that more of your costs are going to capital costs rather than labor costs - in other words, you have to build better, fancier factories. In other words, a significant fraction of that "added productivity" has to go into *building* the things that *allow* that higher productivity. [And this is a significant increase in costs. 18% of that "gap" you were originally looking at is due to depreciation plus other capital costs.](https://www.mckinsey.com/featured-insights/employment-and-growth/a-new-look-at-the-declining-labor-share-of-income-in-the-united-states) Another way of thinking about it - you have a new factory where each employee produces twice as much per hour, but you now have to have a sixth employee who does nothing but repair things so that the other five people can do stuff. That sixth employee is generating "productivity", but none of that productivity results in any sort of consumer good - they're just doing their thing so that the other five people can produce stuff for the general public. This overhead is what is represented here. So in reality, the amount of productivity *accessible to people* didn't actually go up by 100% - it only went up by 82%, as 18% had to be spent building those better capital goods to allow that productivity. This effect can be seen if you compare GDP (Gross Domestic Product) and NDP (Net Domestic Product). https://fred.stlouisfed.org/series/A362RC1A027NBEA https://fred.stlouisfed.org/series/GDP In 1970, GDP was only 12% higher than NDP; however, by 2022, GDP had grown to 27% higher than NDP - a 15% larger gap. While this productivity obviously "matters" because it helps support the rest of the economy, it doesn't raise standard of living unto itself. So the actual "gap" has now shrank to only 5-8%. The rest of this gap is likely due to an error in how productivity is estimated. [It's estimated that, because we import more goods that are used in the production of goods in the US, that real productivity increases in manufacturing in the US just between 1997 and 2007 were overestimated by somewhere in the range of 7-18%, and other areas were also impacted.](https://www.aeaweb.org/articles?id=10.1257/jep.25.2.111) The reason for this is that the people who calculate US productivity statistics are erroneously attributing some productivity improvements from overseas labor to the US because of us buying more parts that are then used in producing finished goods in the US, resulting in it looking like we are adding more value than we actually are. This erases the gap entirely. Which makes sense, if you think about it; total productivity and total real compensation pretty much *have* to be the same, because that productivity has to be consumed, and the only way that can be consumed is by people buying stuff. FYI, the higher labor share is also the biggest reason why it seems like wealth has been skyrocketing on the higher end of things - because more and more money has to be invested into capital goods, this makes companies more and more valuable, because they have more capital goods, which are of course things of value that allow you to generate value. This makes owning a company make you look really really rich. However, this added value is mostly locked up in the form of these capital assets - in other words, a big reason why rich people are "richer" is because the companies they own are worth more money. Which of course makes sense, if you spend any time at all thinking about it. Rich people don't eat 100x times as much food as normal people do. nor do they own 100x as many cars or wipe their butts with 100x as much toilet paper. While they do own some very valuable things, building these extremely high-end luxury good is not a very significant portion of the economy. IRL, workers are massively richer than they were 50 years ago, which is why [houses have gotten so much bigger.](https://crosslandteam.com/blog/2006/01/22/average-new-home-size-keeps-getting-bigger/) This would obviously be impossible if people weren't richer. But they are. Same goes for literally everything else. If people hadn't gotten much richer since 1970, WTF happened in 1971 purports, then houses would be about the same size and quality, and people would have about the same amount and quality of stuff. Instead, people's houses are more than 60% larger, all our stuff is vastly higher quality, we have many things that simply didn't *exist* back then (and multiple iterations better), etc. It's obviously facially impossible for people not to be massively richer today than they were back then - and note also that households have FEWER people in them now on average (to the tune of 0.6 people fewer per household), so despite households being smaller in terms of people, they're larger in terms of space and have more stuff in them. Everything you believe is not just a lie, but an obvious lie.
This is just my own speculation. Ryan Cohen runs a very tight ship and isn’t showing his hand to anyone… for good reason, too. So who really knows until they announce? 1. The current partnership between GS and Microsoft was put in place before RC became chairman and doesn’t have anything to do with NFTs. I’ve been following Microsoft’s head block chain dude, Yorke Rhodes on Twitter and he has at times made cryptic Tweets suggesting he may be somehow involved with what GS & co is doing. Again… just speculation, but it’d make sense that the current partnership opened the door for discussion. 2. Loopring. With LRC’s layer 2 protocol using zkrollups, we’re able to mint NFTs for pennys which makes all of this actually possible. Microsoft, to my knowledge, does not have this tech at their disposal. Regardless, Microsoft isn’t going to make any less money… if anything they’ll make more and potentially carve out a nice chunk of Sonys market share. 2b. You’ve got to realize that NFTs mean undeniable ownership and distinct scarcity. Ex: About 20M copies of the new Call of Duty are sold each year. (Owned by Activision, recently acquired by Microsoft) Imagine if they only minted 15M copies and sold each NFT game for the standard price of $50 with smart contract claiming 10% of each resale. There would be potentially 5M+ people who would miss out on the drop and have to buy one on the marketplace, but they might be listed at $100-$200+ early on. Additionally, all minted games could have their own rarity, making some of them sought out by collectors on the market. Maybe 50% have the basic cover, 40% have the silver lined cover, 9% gold, and 1% the purple tier that comes with a bonus level in campaign mode. Add in all the skins that can be won in tourneys for free and then sold on the markets… could be super lucrative. AND… gamers are receiving something they can actually sell again easily (theoretically) so they may not mind shelling out extra… especially when viewed as an investment.
I agree that the events of January 2021 were insane, that was fun to be a part of. You guys eventually locking the float could happen, though I suspect GameStop will continually dilute to raise cash because, as you said, the cult won’t stop as long as they think there is a great conspiracy keeping them from reaching infinite wealth from their used video game pawn shop shares. Gotta hand it to RC, he knows how to play his captive audience as well. He’s aware that the audience believes his hands are tied so he can’t share the truth about the MOASS (lol), the vote count, fake shares, and the like. Comical, but that’s what they believe. So all he needs to do is keep tweeting his dollar-store Elon musk style gibberish and the cult will dig into it looking for hidden meaning, take that made up meaning and turn it into a new bullish theory that won’t come to fruition, and buy him time to say something else meaningless to repeat the cycle. It’s amazing. All this while GameStop hasn’t done literally anything but rent a warehouse and hire Amazon people (a company apes hate, odd they want GameStop to adopt that culture but ok). Bullish!
I’m asking what about GameStop launching on LRC will cause LRC to moon? If LRC the token plays no role in the actual usage of the market, where is the moon case? I don’t see it. As for why I hate GME? Personally I think it’s a garbage company that has delivered exactly nothing while the stock is up 20x from where I bought in ($5/share in early 2020). But it makes a good swing trade. The real reason GameStop rubs me the wrong way is because the cult that believes they’ll make $100m a share has obliterated any reasonable discussion on every investing subreddit. Bear case for gme? Instant downvotes. Any event happens anywhere? It’s shorts covering GME. Vote count will reveal all! And when it didn’t, it was blamed on another conspiracy. RC tweets anything? It’s a clue! Because he can’t say the truth so he can only leave clues! They never admit being wrong, and continue to spread their nonsense anywhere they can think of. Even the UST/Luna mess last week was blamed on Ken Griffin for Christ sake. It’s absolute cultish insanity that defies logic, while they make constant coordinated pumps on subs to loop in new, gullible investors. It’s basically the equivalent of an MLM at this point. That’s why.
You are on something. Does RC strike you as a person that works on stuff that amounts to nothing? You will easily eat these words and will see soon enough. Everyone in this entire “CryptoCurrency” community who sleeps on Loopring deserves to be upset later. Also, the way you said this it’s as if Loopring is a finished product? Just wait and watch
We’re looking for big dumb slow institutions who don’t trade to buy a big chonk of bitcoin and HODL forever. The type of institutions we don’t like are big trading firms who throw the tiny market cap value of bitcoin around like it’s an RC plane in a tornado. But money in the space is money in the space I guess.
Pretty important. Let's say that we all love a Lexus RC. There are ten of them in the world. As a result, they're quite expensive. Oh wait, now there's 50 million of them in the world. Every buy and sell page is full of them. As a result, they're cheaper than pontiac sunfires. That's Available Supply. Now, available supply - there's 100 Lexus RC's in the world, but 90 of them are in private collections. There's only ten of them. Bidding prices are high, but not as high as if there were only 10 in the world in total. Max Supply - Let's say there's 10 Lexus RC's in the world. But Lexus will start mass-producing them in a month, so there were be thousands. Max supply is nearly unlimited. They don't go for that much at auction. Let's say there's 10 Lexus RC's, and they're only ever going to make that many. Max supply is quite low. They'd go for a lot at auction. That's Max Supply. Anyone wanna chime in with Fully Diluted Valuation? I can't think of a good example.
Think of the RC Colas, the HTCs, the Nissans of the world. Being 3rd or 4th best in your field is probably pretty good business. There are multiple blockchains, some of which need their own design, some don't and allow basically copy paste forks. There are competing ideas about the best way to back the currencies, to add another multiplier. Like I bet a $mim fork on $near would be fire. I might actu go build that rn if it doesn't already exist.
You want to know what the “gibberish means” with Layer 2? It’s hard to get through to this sub I’ve seen as others mention it. I don’t know if it’s bots or people hate the idea because of gme. But when this marketplace opens soon and people see how efficient and unstoppable it is….while its on the Loopring train track…..I will come revisit this post at that time! Y’all are about to see history in the making soon! Ryan Cohen and hand picked elite execs from all over the top companies? Come on people! What you think it’s going to flop? 😂. I will leave y’all alone now. Enjoy yourselves…… but remember who told you. Few months or less and yall will see! RC is and will become a bigger legend in the game than he already is now! Loopring will follow! (Of course gme too, but this is a crypto sub)
Well, I would quite likely continue doing what I do in my off time. But I would do it all the time. I would restart my RC helicopter hobby and graduate to doing 3D stunts. Might even make videos on it and post on YouTube. I would post on Reddit a lot I would spend lots of time playing P2E games on Cardano and throwing tons of money at those NFTs. I would mostly stick around my area so I wouldn’t move anywhere permanently. Although I’d be tempted to move to China and just live there for a few years
Did they actually ever announced or hinted something significant about using the NFT marketplace for games? I always thought this was just a holders theory. But yeah I agree, RC is not an ordinary guy, that's the reason why I'm speculating a big part of my portfolio on LRC
"one of the studys participants had a boating accident with the RC boat of his son. he reported he felt like it was a good idea to put the usb drive with the keys on the boat for security reasons but eventually it fell into the water and sunk down."
>And what happens is the first people who retire get the most, while everyone else gets screwed in a runaway market. This is the Cantillon effect in reverse. It also applies with money printing (which is how RC first defined it) - the first people to get the new money can buy at the old rates. By the time the money has filtered down to ordinary people inflation has kicked in and they must pay the new, higher prices.
Money solves money problems, not self-actualization problems. It's kinda like being physically fit, you can't buy it, you actually have to put in the time, effort and discipline to achieve that. Same with self-definition, self-actualization, fulfilment, etc. Figure out some goals, like gaining new skills, and work towards them daily. Learn multiple skills, as Robert Heinlein wrote, "A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects." Help others: volunteer your time, tutor/mentor youngsters, find something you believe in and give it some love. Keep a journal: self-reflection is very useful to figure yourself out. Who are you? What do you like? What kind of person do you want to be? What kind of experiences would you like to have in life? Get some exercise: get outdoors, even if alone, even if just walking around the block, enjoy the small pleasures of life. Adopt a shelter dog, dogs are great friends and will encourage you to go out for walks often. Do something non-tech: split wood with an axe, paint a picture, teach yourself to cook, start a garden, beautify your home, learn how to repair a car, fly an RC airplane, take a drive somewhere beautiful, etc. Get out from behind the monitor once in a while. Good luck OP, you can do it!
They can't fight the truth anymore. Did you see the RC tweet on superstonk? Eating too much fruit? I think Apple is going to launch a wallet on Loopring but everyone is talking Bitcoin. I even saw an article with the title, "Bitcoin sends Apple to the Moon". What do you think? LIGMAS?
That much crypto deserves it’s own computer that’s disconnected 99% of the time. Unless investing then you take the risk. It’s still early when I read these types of things. Even in the last 2.5 years I’ve been involved, the changes in the market are staggering in a continuing adaptive process. Not really on point, and no question is a dumb question. Just don’t lose sight of risk management, what’s for a yield, what to hodl. It’s why people have gold/silver. With crypto it’s early. I think I’ll be ok in 3-5 years, maybe 10, who knows. I also think this is a great question. On point and makes you think about how this space has changed. Also great wisdom from RC. Nice 😊
I run the 3 HyperDonkey.com P2Pool nodes merge mining Litecoin and Dogecoin at the same time. The pool has nodes in the West US, East US, and SE Asia. I setup the first P2Pool node 4 years ago following a YouTube tutorial by Keiff RC. It was pretty simple. [https://youtu.be/IAYAqRP-zc8](https://youtu.be/IAYAqRP-zc8) We’ve only recently become profitable in the last month since our hashrate increased 10x in February. The overhead and operating costs of running 3 full nodes often exceeds its income, but I do it for fun. The only strange occurrence I’ve had recently is the recent unexplained rise in P2Pool hashrate. There are a lot of new L7 merge miners that are using P2Pool to try their luck at high risk/high reward PPLNS payouts and we’ve blocked 30 times in 30 days as a result. I definitely recommend anyone who may be interested in decentralized P2Pool mining to give it a try and setup your own node. If you find it’s too difficult to run your own, you can always use our public nodes. The experience of running a pool is fun and technically challenging if you’re into that sort of thing. I am! The only “losses” we experience on P2Pool are the occasional run of bad luck or a slow block. Since mining is a random process, it’s expected so I don’t consider it a loss but an investment in the blockchain. I created a custom GUI that runs on top of a classic vanilla P2Pool node that supports merge mining. I’m not aware of any other pool using this method. If you’d like to see what’s possible with a lot of hard work and feedback from the mining community, check it out: [https://p2pool.hyperdonkey.com](https://p2pool.hyperdonkey.com) Good luck!
Lol, I got into Wonderland as well 😭 Thought I was cured of shit trades after 2017 😂..... I borrowed against my ETH to do it, would be pissed if I get liquidated! I got the Rage Quit, so I'm out now, still sitting on a MASSIVE loss, though. Glad I got out at RC, its going down faster than a cheap hooker on half price Tuesday! I'll NEVER touch another project that has even a hint of Daniele's involvement!
I think its coming. I believe LRC stole the hype of the day with Gamestop officially doing whatever with them and RC buying a pile of GME shares. Give it a few days and im sure MATIC will level out where it should. But I mean I think it still did what 4% in the last 24 hours? Least its not bleeding.
Ryan Cohen called at Bed Bath and Beyond, another Billion dollar company, for performing poorly to get their shit together or else. There is no fucking way RC is letting Loopring fail. Think about it. Once it clicks, even if you dont believe in the NFT space, this is an asset that is going to increase in value because of the guy involved.
Sometimes the best thing to do is nothing. I’m letting my DCA buys continue to roll and ignoring the charts. Look forward to drinking caviar and eating champagne with all the survivors in a few years. Or maybe it will be tuna fish and RC cola.
tldr; There are speculations that Bitcoin Core might see its next major release around April as the first RC version (v23) is released on Github. Details surrounding the upcoming major release remain scarce for now, aside from the Github announcement. Bitcoin Core 22.0 was the first major release to support the Taproot protocol upgrade, launched in November 2021. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Why is Putin so worried about Ukraine becoming part of NATO if he is so willing to use the nukes? It's not about 'NATO aggression' or anything of the like. [It's about a nation with a failing currency.](https://www.tradingview.com/x/W4RC6LCi/)
>Forgive me, I thought it would have been the other way around. What really got me looking into GME was these weird crypto wide market moves at certain times I kept noticing..... that got me digging into what could cause it, that in turn lead me to all the DD and hedgie games, that in turn lead me to dig into GME and what moves the CEO was making..... That lead me to buy some GME shares (never sold any crypto to do it though)! If Gamestop successfully bring to market what I think their building..... its going to fundamentally change the way the digital content space works! There won't be a content creator anywhere that won't be beating down the door of whoever successfully brings such technology to market first! Just creating a system that delivers royalties into perpetuity is going to be huge! Not to mention all the other benefits.... For Gamestop itself, they are going to become a service provider to content creators, secure distribution rights for initial retail sale and create residual income stream with a 2nd hand marketplace that ensures content creators receive royalties into perpetuity! Gamestop will secure its entire business model moving forwards and their growth will be huge if they succeed! Partnering as a service PROVIDER with content creators means Gamestop secure everything downstream in their business model and I 100% think RC knows that and its his ultimate goal. If they crack that, competitors will NOT be able to displace them in the marketplace! Gamestop are positioning themselves to have a piece of the ENTIRE digital entertainment content space!
Many need Loopring at $4 to break even, sad thing is even if the bull run resumes the highest it will go is probably $1.10. Once RC finally clarifies that there is practically 0 partnership then it will dump to .30. That’s why I trust Matic more, better L2 with a proven track record
I have zero Gamestop shares. I am not someone posting about a squeeze. [Here, I don't want to type out like 250 names](https://gmedd.com/dd/amazon-dont-tell-me-we-lost-another-as-gamestop-poaches-over-250-hires-from-tech-giants/) They are stealing top-level employees from Amazon, Apple, Chewy, and others. You don't do this to be a stagnant, shitty company. Your question is a trap. No one that is talking knows what the hell is happening. Not a fucking word from RC or anyone else. Ignore the drama and stock ticker. Look at what he did to Chewy. Shit's going to get crazy for gamestop. Or just ignore it all and keep saying "Name one thing Gamestop has done this year other than hemorrhage money"
I don't think they were lying. Gamestop/RC has lowkey been working hard behind the scenes and not saying a single word about what's about to go down. The LRC partnership is really the only thing that got out. I am pretty confident RC is going to drop a bomb and his stock and LRC, and many others, are about to blow up. The Gamestop/NFT/Crypto got out a little and they literally didn't say a single word about it. Not one word. I think whoever sells either is going to regret it massively. (This has nothing to do with the GaMEstop drama. I just know RC is about to break the internet, and LRC should be right there with it.)
tldr; Litecoin's Mimble wimble extension block or MWeb upgrade has confirmed it is now officially being released as an RC following a long multi-year process of developing, testing, and rewinding. The protocol provides valuable new security enhancements about the privacy of transactions on the blockchain. MWeb is not yet activated as a typical proof of work consensus model. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; Litecoin’s Mimblewimble Extension Block (MWEB) has been officially released as a ‘RC’. MWEB will be included as part of the Litecoin Core 0.21.2 release candidate, which also includes the security and privacy enhancing Taproot upgrade. Miners will be using a small part of a block's ‘version’ field to signal for activation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*