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At first, BlackRock came for your neighbors home, and you said nothing.. Then BlackRock came for your assets, and you cheered cause muh bags pump.. I'll say it once, and I'll say it again MEV is one helluva fundamental problem
Coinbase is an exchange that lists tokens over UTXO coins because of ease. Not some quest for a greater decentralized global market.
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in global stock market frontrunning, sandwich attacking, and re ordering transactions is not allowed
My stomach doesn't understand my soul because it is always asking for more calories when the latter is searching for more love
i read somewhere “ we romanticised the wrong organ. the stomach is more emotional than heart ”
it makes sense. We get butterflies in our stomach, lose our appetite when hurting, and feel sick when anxious. Maybe our stomach feels our emotions before our heart does.
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HEY brian! What does the data say?
Right - societies have to decide if they want to optimize for overall growth or equal outcomes.
Would you rather:
1. be 10% better off even if some others are 100% better off
2. be 0% better off while all others are also 0% better off
The first maximizes overall growth for all people in society and teaches striving for your personal best (instead of comparing yourself to others). The second teaches envy (if I can't have it, I will destroy positive outcomes for everyone).
Now you can quibble with these hypothetical numbers of course. In #1 if most people are -10% and a few are +10,000%, that is clearly worse. In #2 (socialism) usually the average person is worse off, while some corrupt elites seize power. So there is a big difference between intentions and actual outcomes.
So what does the data say? In high economic freedom countries (which optimize for scenario #1) the poorest 10% of people in society are better off. Whether you are optimizing for the bottom 10% (the compassionate choice) or for everyone in society in aggregate (the logical choice) you get the same answer.
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Played some disc golf in the PNW today and an owl landed on hole 3's basket for a breathtaking view
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