"However the disease finally got to her and she fell fatally ill. In the Sick Bay as she breathed her last, she was surrounded by Captain Kirk, Mr. Spock, Dr. McCoy, and Mr. Scott, all weeping unashamedly at the loss of her beautiful youth and youthful beauty, intelligence, capability and all around niceness. Even to this day her birthday is a national holiday of the Enterprise."
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The broader media viewpoint is that if millennials trusted anything they'd be much easier to sell to. It is their very distrustfulness that is killing Applebee's, golf, condos and everything else their parents hold dear (and have their retirement funds invested in).
6.7 trillion poured into the market last year. 400 billion poured into crypto last month. ain't none of that propping up Walter and Mary's 401(k) and they're scared shitless.
And the sooner you realize it's all your fault, the sooner you can get back to feeding the machine.
Regardless of your trust or distrust of Quartz as a credible news source, go google "luxury retail sales" as a news result and find me evidence of a drop.
My point was not that millennials are buying lamborghinis (they are) but that the BBC is full of shit (they are).
- What’s really happening: There is a backlash against conspicuous consumption of blatantly flashy items like diamond rings and expensive cars, Dorsey says. But that doesn’t mean young people aren’t spending – in fact, in his research he found millennials broke their spending record last year, opting for short-term indulgent experiences like weekend trips, spa days and wine tours. And when they need shiny objects, more are opting to rent luxury goods such as cars and designer clothes.
Well, Airbus wasn't gonna go under if they didn't sell any more A380s. But they were going to have to shut down the line.
Ben Rich argued in Skunk Works that "customer/manufacturer" is a ruse when dealing with large contracts anyway. He pointed out that the US government apportions large aircraft contracts on a round robin arrangement; Rockwell didn't get to sell the B-1 because it was a good plane but because it was Rockwell's turn. Northrup got to make the B-2 because they missed out on the B-1 etc.
Much of our aid to Saudi Arabia was in the form of "you're going to buy 80 F-16s because General Dynamics needs to sell 80 F-16s."
Have a friend. We'll call him "Dr. Strangelove." Dr. Strangelove wrote his Ph.D thesis on viral transcription in recombinant DNA. Certainly not the first.
Definitely the first to use Ebola for the transcription.
To no one's surprise, Dr. Strangelove ended up working at USAMRIID, the US Army Research Institute on Infectious Diseases. While there, he worked under a talented and insightful biologist who also happened to be an Iranian national under political asylum. The good doctor, to no one's surprise, had a number of colleagues and assistants from his original sphere.
It wasn't the hary-scary bugs under lockdown, it was the "you don't need a glovebox and a bunny suit" bugs in this particular locker. you know, plague and shit like that. And it was locked. And there was a combination. And nobody bothered to remember the combination. It was on a post-it note.
Because, after all, they all spoke Farsi and nobody else did. So Dr. Strangelove was the one who had to remember the combo. The rest of them had security through obscurity.
"You realize how bad this looks," Dr. Strangelove told the Good Persian.
"Eh. It works," the Doctor said.
You know what's interesting to me? I've probably had a dozen discussions with different people all asking me about cryptocurrency and not a one of them gives the first fuck about utility. They don't care at all what Ripple is good for. What they know is that if they bought some last year they'd be fuckin' rich this year.
These are people who have never shown the slightest interest in equities. They don't even know what a dividend is. They don't have 401(k)s. What they know is that they can play the ponies on GDAX or whatever with whatever money they have and they can see real, actual appreciation.
The real market is on a tear right now. That halcyon realm where Goldman Sachs used to get fuckin' rich. It's up 30% YoY because the markets figured out that the Trump administration wasn't going to regulate shit and there was sun shining to make hay. But if it legit costs you money to hold Tesla, and you can only buy it in increments of $350, what the fuck is the point?
I think we've all neglected the huge X-factor the average no-pension no-IRA no-401(k) Uber-driving Millennial plays in all this - crypto is like playing in Forex without having to stake a $100k bond, with the potential gains that dwarf the dotcom bubble. And I think there's this assumption that everyone is going to shuck out of crypto just as fast as they shucked into it without recognizing that people don't do that with goddamn stocks.
Cryptocurrency is a movement to many of the participants. There's a zeal there that you don't see in equities or beanie babies or anything. And I think it's going to warp the ever-living fuck out of expectations.
Don't get lost in the bond analogy. In the case of a bearer bond, you buy it at one price and cash it in at another. It's a loan. in the case of the Louisiana bearer bond illustrated, it is redeemable for $5 cash on January 1, 1886. It probably cost $1 cash on January 1, 1866. At the time of its printing, that was a $70 bill.
Cryptocurrency is "redeem for whatever someone will give it to you for. Say, for example, Louisiana ceased to exist betwen 1866 and 1886. That bond would be worth nothing. Say Louisiana seceded from the United States because they'd invented UFOs or some shit. That bond would be worth a shit-ton because Louisiana currency would be worth more than US currency.
Right now, crypto is volatile because no one is sure if it's going to become confederate dollars or UFO currency.
The Federal Reserve has a blockchain working group. Most of the big names behind the Ethereum Enterprise Alliance are also backing Hyperledger.
Your Linux analogy is apt: 90% of people never really use Linux "on purpose" but Unix of some flavor or another is iOS, Android, OS X and most of the server software out there. You're effectively arguing that people don't need a CS degree to utilize software and I would agree with that entirely.
There's no reason Paypal or Venmo or Western Union need to use ACH. They could (and will) use a blockchain of some sort. It's pretty clear that Bitcoin won't be that blockchain but whatever blockchain it is, it has to be prevalent and agile enough that companies sign onto it.