Looks like the campaign is dead.  It's been weeks since there's been any word about it.

The NFL game between Bears and Steelers has been pending payout since Monday.  Can you process that result?

It looks like the website is having issues.  I'm not able to see my FUN token information (balance, WOF spins, purchase history) but the free faucet spin is still working.  Also, interest history is another thing that is missing.

Everyone knows that inflation is a regular part of monetary policy, by design, in fiat economies.  What people mean by temporary inflation in the current context is whether or not the elevated inflation we're currently experiencing is temporary or a new normal.  5% is much higher than we've experienced in a long time, 1990 in fact was the last time the annual inflation rate for the year was over 5% and it was only above 5% for that one year.  Prior to that was the high inflation environment that ran from 1973 to 1982, and sometimes saw inflation rate reach 10% in those years.  The economy is so vastly different now it may not even be a meaningful comparison, but that's how long it's been not a concern.

It's historically not 5% per year, not even close.  The inflation rate over the last 11 years averages 2% per year, and that's including the large increase in 2021.  It's been remarkably stable despite the massive quantitative easing.  And even assuming we used your wrong number of 5% per year, that would still be vastly superior as a currency to one that regularly depreciates 10% in a day.  That's an unusable currency that doesn't allow for any type of long term planning because volatility is a terrible quality for a currency to have.  The inability to plan long term is a death knell for any economy.

Year    Annual Inflation Rate
2011       3.0%
2012       1.7%
2013       1.5%
2014       0.8%
2015       0.7%
2016       2.1%
2017       2.1%
2018       1.9%
2019       2.3%
2020       1.4%
2021       5.4%

Source:  https://www.usinflationcalculator.com/inflation/current-inflation-rates/

This source has nuclear above all forms of green renewable sources.

https://ourworldindata.org/grapher/death-rates-from-energy-production-per-twh

Looking only at mortality though doesn't take into account the environmental drawbacks of nuclear though.  To your point, nuclear offers far more energy for far less deaths compared to fossil fuels, but that doesn't refute my point from my last post that nuclear creates hazardous materials that need to be safely secured and stored because of how dangerous it is.

There's nothing about a CBDC that stops lending based in the CBDC.  It doesn't even prevent fractional-reserve banking.  If anything, it would give the government a lot more information about the level of money supply expansion in real time as the all the data would be available as it happens.  The information would help inform monetary policy.

He wasn't shilling, he was trolling.  Anyone who lost money buying doge deserved their losses.  Guess some people just have to learn the hard way that FOMOing into garbage investments is risky, especially if they're not smart enough to realize it's a stupid move on their own.  Does Elon trolling idiots degrade the work he does at Tesla or SpaceX?  Lol, no.  He's got some major personality defects, but there's no denying the world-changing work he's doing.

Loool. You don't even recognize one of the most influential people in crypto in this picture in your haste to dismiss the wholly legitimate arguments he's presenting.  He's right about it too.  The vast majority of crypto "adopters" that have pushed the price so high don't actually care about decentralization.  Rude truth is that the majority of crypto enthusiasts are just FOMOing in trying to get rich.  And it's funny that people bitch about the USD losing 2% per year somehow thing a currency they can't predict the value of tomorrow is somehow better.

MSTR was profitable but revenues were declining prior to getting into bitcoin.  While it certainly not healthy to have declining revenues for multiple years in a row, I wouldn't categorize them as being so bad that they were "dying."  But they certainly weren't on the up and up, however severely you want to categorize that.

FY         Revenue (thousands)     Net Income (thousands)
2017      504,543                        17,643
2018      497,638                        22,501
2019      486,327                        34,355
2020      480,735                        -7,524

Over the four years prior to bitcoin, revenue dropped just under 5% but was dropping slowly and consistently.  They definitely needed something to make them relevant, and Saylor very keenly recognized bitcoin was it.

Nah, it's mostly the lower classes that feel inflation the most for two reasons.  1) The rich are insulated from inflation by investments that appreciate with inflation instead of holding cash and the fact that any inflationary effects are not a significant portion of their net worth.  2)  Lower classes mostly have cash-based assets and no investments that negate the impact of inflation, and any inflationary effects are a significant portion of what little assets they have.  As much bitching about inflation as the rich do, it's not nearly as impactful to them as the lower classes.

Why would fiat disappear, and more importantly why would an objectively inferior currency like bitcoin replace it?
Bitcoin is practically unusable as a currency over any period of time because of it's absolute failure to hold a steady value. People rail on the USD for depreciating slowly but predictably, but think that something you won't know the value of tomorrow is somehow a better system? It's completely idiotic. If bitcoin was a viable currency, the concept of stablecoins would never have arisen. Stablecoins arose to do the one thing bitcoin will never be able to do- hold a predictable value, which is the most important aspect of a currency.

Exactly, I just wrote something similar in the other Evergrande thread.  Coincidentally, also in response to you.  The totalitarianism is exactly why the party can't tolerate a free Hong Kong or an independent Taiwan.  Having free societies of ethnically chinese inhabitants could inspire people to question the party's rule over mainland china, so it is imperative from the party's point of view to bring both Hong Kong and Taiwan to heel, and sooner rather than later.

Who is going to rise up in China when they have no access to information other than what the party allows them  to know and no weapons to fight with?  It's not like America where guns are readily available, let along military-style weapons.  The last time people rose up they got crushed in Tienanmen Square, and yet the people don't really even know this happened because references to it are illegal in China and it's been scrubbed from public knowledge.  Everything the party does now is to cut off dissent before it happens.  That's why Hong Kong and Taiwan are such threats to the party, having open societies of culturally similar people so close to them undermines the way the party runs things and gives people ideas about life being better without them.  That's why the party isn't willing to tolerate them being independent.  So, no, I don't think their track record on human rights is really going to inspire an uprising because people can't organize and don't have weapons.

It's literally taken him his whole life to get as rich as he is, what are you talking about with "a few years."  People who build world-changing companies are often billionaires.  That's how capitalism works.  It's been this way since the Rockefellers and Vanderbilts and Morgans of the world first amassed huge fortunes for building such world-changing companies, and it continues today with the Gates and Buffets and Musks of the world.  But none of it was done "in a few years."  It took all of them literally their whole lives to get as rich as they did.

Starting over on a new planet will reset everything you think you know about economics.  The utility of your wealth on Earth is of no practical value to people on Mars unless there is a way to transfer that wealth into things you actually need on Mars to survive, and we're probably hundreds of years out from having cross-planet commerce after we establish a colony, assuming we even will.  Money will have no practical value on Mars because there is no excess anything to spend money on.  Every ounce of effort of the settlers will be devoted to survival.  An economy can only develop when there is voluntary excess savings from what you create past what you need to survive, and that's not likely to happen for hundreds of years.

It's primarily based on Tesla stock, so his fortune is tied very much to what Tesla's stock price does.  My own opinion is Tesla is disgustingly overvalued.  It's valued like it's the only EV maker in the world and given tech company multiples instead of automobile multiples, so as competition ramps up and Tesla continues to have quality and safety problems, this stock will eventually run into reality.  Same for Elon's net worth.

Looool.  The RP bonus was something I tried a bunch of times, but I always had to make sure that if I activated it I was going to be able to spin at least 13 times in a day, otherwise you lose RP on the deal.  Involved setting an alarm after every hour to make sure I come back and spin the free spin.  After doing that several times, I decided it was way more work than it was worth.  Still trying to grind out to to 100k, I can't even remember how many years it's been now... But basically since whenever RP was initiated.

No, the rule by FASB affects all companies that issue public accounting reports as part of a regulatory regime and has to abide by FASB rules.  The rule, called ASU 2016-01, was implemented in 2016 and went into effect in 2018.  From the rule release, they address who is affected up front:



It's not limited to "financial" companies by any stretch, as you can see it was written so broadly as to involve literally every company that "[has] financial assets or owe financial liabilities."

And yeah, reporting unrealized gains in your company's cash flow makes your cash flow metric meaningless for obvious reasons because it includes gains and losses as "net income" for assets you haven't sold.  It's kind of a big stupid deal if you ask me.  For what it's worth, Warren Buffet agrees, writing to shareholders in a 2017 letter:

Just about the whole world experienced a recession in 2020 during the COVID lockdowns.  I don't know that we're "waiting" for another recession so much as still recovering from the one we just had.  The question is if inflation is going to make the economic recovery much harder than it needs to be, as stimulus is the obvious answer to economic recession, and stimulus is really dangerous when you're already undergoing inflation.