RE: RE: LOG_003 : THE CEX TRAP : Leaving assets on centralized exchanges is financial suicide
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RE: LOG_003 : THE CEX TRAP : Leaving assets on centralized exchanges is financial suicide

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People generally don't understand economics. I know way too late in my life did I start to pay real attention. In the USA school system for all the subjects you're forced to learn; they teach you virtually nothing about money.
They don't teach you about taxes, debt/interest, and they especially don't teach you about the economics of your city, county, state, and fed govs.
I've known a lot of people who work for the gov, or as a contractor.
It's the opposite of a company basically.
You're incentivized to never come in under budget because then you can't ask for a larger budget in the next quarter or year whatever.
But also, if your organization/agency's task is ever solved or improved it would make sense to spend less on that org.
If there are less criminals you'd need less law enforcement and so on.

And that's not even getting into the reserve currency nightmare, and how that was a massive blessing that is now a massive curse.
I just feel like people aren't upset enough, or they're too busy worrying about getting their "team" elected.
I don't know if people run for office with good intentions, and become threatened or paid off later. Or if they are opportunists from the very start.
And then you hear people say "we should abolish the two-party system".
And that sounds good until I look to Europe where it doesn't seem to make things much more effective.
When I was younger I would point to Europe, and say "they have healthcare, they don't spend nearly as much on their military, etc".
But today I look at them, and see they make very similar bad decisions.
A lot of fear of having children/families was put on my generation and younger, and that doesn't make a whole lot of sense when you realize that these countries rely on constant-growth. Not just of GDP/economy, but of the population.
If you have any kind of social safety net that's publicly-funded; it's going to require more people to sustain it.

We didn't have enough kids, and so they are bringing in migrants as a stop-gap.
Inflation already makes assets go up in value, but if you have more demand for all infrastructure that's also going to make rent, electricity, fuel, medicine climb in cost. I do not see where bringing millions of people in can offset any of this, but definitely worsen it.
It seems like they imagine that AI will somehow bail us out of this, and I don't see that working either. That is heavily energy-dependent.
Also can't tell if this is malicious intent or just incompetence.

@ds-tech: People generally | Ecency