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Mercer

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Everything posted by Mercer

  1. People here are unable to adapt to early hyper inflation. Learned a lot just from the fam in Argentina, watching them crushing 3 businesses down there in a continuous hyper inflation environment. If you raise prices within reason of the market, people will generally pay them if you're providing value. Then you up current employee's wages initially, tell them to keep to themselves as they're the only ones getting this size increase, same thing with new hires. You won't need to increase wages a couple of months later or face labor shortages. Rising market wages will quietly surpass your initial higher wages, while that initial pump stay fresh in employee's minds. People tend to negotiate harder for initial wages, and much softer for raises if they like their work environment. Inflation is profitable if you willing to bet on it continuing to ramp up. Not that I don't blame most of the issues with teachers here on inflation. By granting a monopoly to the teacher's union, they've eliminated any need for competition. A state monopolized Union only collects more dues when it's adding more dues paying members after maxing out dues. Zero incentive at that point in upping the teacher's wages, so that's the only thing they ever push for. Collective bargaining contracts that include hiring more teachers, completely disregarding wage increases which is why teacher per student ratios go up, quality stays low, and wages for one of the most important jobs are so fucking low and nobody does anything about it. Not saying the Union hasn't pushed for cost increases reflected in increased student to teacher ratios, but the fact is public school education currently costs 80% more than the average private school education. It's also why the caliber of teachers in private schools are far superior. People in government do want to help teachers, but are helpless even with pushing for and achieving budget increases. They don't want to fix it by giving tax credits for private schooling because it destroys indoctrination, puts the focus back on education itself, and strips them of any power to micro-mange, thus avenues to profit themselves personally in the education sector.
  2. The way I see this playing out is world war, with a twist. The evolution of these conflicts so far IMO: WWI was the first all out, "world war" WWII was the first all out world war won using technology WWIII already happened, it was the was the cold war, it was won using economics via proxies. The "all out" aspect was avoided thanks to technology making the stakes too high for a sane person WWIV will be an all out global war, focused on economic warfare & technology. The realization of what China, and Russia are really cooking up will start to kick in Q4 when these shortages, and inflation really start to kick in. Ukraine is personal for Putin I believe, they shouldn't have been playing with his gas pipes, but an excellent distraction from what's really going down nonetheless. Russia isn't like the U.S. you don't get to lead Russia no matter how good you are at public speaking, or sucking Willy's Johnson. It takes a different type of intelligence to become President of Russia, and Putin has been a master chess player when it comes to politics all his life. That's why everyone is distracted by his pawn's last move.
  3. I would have never guessed, but the people I buy mushrooms from just hired an artist, and minted some dope NFT's of the artwork they all collaborated on. Honestly, I was shocked how dope the art was, and how the NFT's ended up selling for so much. Since they're normie, not artists really, and super socialist leaning I assumed they hated crypto. Even though we disagree on so much, we both agree NFT's are excellent for money laundering. Now they have all this clean ETH, and the NFT's in held in anonymous wallets that "won" the bidding.
  4. Hoping Harry Potter's author gives the hog warts, for simpin white knight style in the media like that is super Beta shit.
  5. Putin has to smash one of them, or he has to end the war.
  6. Not sure, I can tell by that pizza crust up there you're holding it down right. We used to have reminders set up for all that shit so we never forgot. Also, it's better to underfeed, than overfeed, that jar labeled "Bob" overflowed all inside a cabinet of ours in Queens once from being overfed and it was not fun. I'd exploit the dope scene in your area, find the artisanal champs of SF and lurk through the community on IG. We've done it in two cities now, was not disappointed in either.=
  7. @fat ralphyTBH it's been a while since we've baked any here. A lot of people take classes from the artisanal sourdough bakers in your area since it's the sourdough capitol of the world.
  8. Yes, the reason the current gas fee is so high is the demand has skyrocketed. They can only fit so much of that demand into a proof of work block, and one is mined every 15 seconds. Your fee has to outbid the next guys until someone gives up. People are willing to pay over $100 per transaction sometimes when the network is clogged. The current ETH 1.0 network capacity is around 36 transactions per second max. ETH 2.0 will have "sharding" from the jump, bringing that number up to between 2-10k transactions per second (depends who you ask). Most agree ZK rollups (which may not be part of the initial 2.0 drop) would increase network capacity to 2500 transactions per second on their own. ZK rollups, combined with sharding will increase capacity to between minimum 100K and max 1M Transactions per second. For reference, there were roughly 468 billion credit card transactions globally in 2020. With 31557600 seconds in a year, that breaks down to about 14,830 transactions per second for all credit card systems combined. ETH will eclipse, and surpass all credit cards in capacity sometime this year, hopefully overtaking Bitcoins market cap this year at over $10k per ETH in the process. The tech breakthrough that will allow large merchant adoption. Ive been placing my own money on this very thing happening since early 2017, when I first started buying up more ETH than BTC, because of the rumors surrounding this massive upgrade 5 years ago.
  9. The Ethereum we use now is created, and the transactions are validated using a "proof of work". Long story short, that means ETH 1.0 is mined using electricity & hardware like graphic cards, and ASICs miners to secure the network. Right now, you have the option to convert your ETH 1.0, into ETH 2.0 early, if you have enough ETH to "stake" which is 32. The process for converting to ETH 2.0 is manual, and optional, and the ETH 2.0 network is already operating now with limited functionality. The "miners" validating the transactions on ETH 2.0 network now are called validators, and have to put up 32 of their own ETH (that they'll lose if they make mistakes, or processed invalid transactions) in order to earn ETH 2.0, like the ETH 1.0 miners do now using proof of work, and processing transactions. This upgrade to ETH 2.0 will create enough transaction/processing capacity to process every transaction in the world, and will drastically reduce the current transaction fee's. Later this year, ETH 1.0 will be run on top of this new ETH 2.0's network, instead of being mined. Sort of like how ERC20 tokens like DIA, BAT, and Tether can be created/run on top of ETH 1.0 now. People holding ETH won't have to do anything special when this goes down. In short it will work like any other software update, user's will still be using the exact same private keys/recovery phrases to access, and move their funds. You won't have to do anything fancy to keep your coins outside of updating to the latest version of your wallets. The part about 6 billion ETH being burned has nothing to do with the upgrade. ETH miners don't get all the transaction fees anymore, some of the fees are digitally "burned" to make ETH more valuable, like reverse inflation. So far 2,002, 295 total ETH (just over 2M) have been burned, and at the current price of $2,918 per ETH, that's about $5,842,696,810 worth of ETH now taken out of circulation. Since the start of COVID they've created 80% of the dollars in existence new. This means that once they work their way fully into the economy, the same goods and services that used to cost $100 dollars, should eventually cost $180 when the dust settles. If the government took 50% of the dollars in circulation out, and burned them, things should cost half as much after the dust settles. Making a dollar worth twice as much. This is what they're doing to Ethereum by burning part of the transaction fee you pay to send it, or other tokens using EThereum. TLDR Vitalik Buterin is the Joker in this scene, and ETH will go up in price hard once the dust from the burning starts to settle, sort of like a bitcoin halvening gains, but way more.
  10. About $55K out of pocket, good luck trying to file a claim with all these videos floating around.
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