And which lessons were learned?
Fun game: what are the worst possible 'lessons learned' here, summed up in ten words or less?
Kumar is the voice of reason. He's going to be the only voice I heed during this.
a big culprit is the corporate culture of not being allowed to say 'I don't know' that's seeped into the rules of institutions. In the end, it's just employees answering to bosses who demand a bottom line conclusion. Was it going to be a crisis or not? It probably wouldn't, right, and we need an answer, so let's just say it's not gonna come up here. Everyone else is saying the same. Nobody has time for a detailed layout of probabilities and contingencies. Move on.
Yeah, aka people in power didn't learn and the public didn't learn what happens when they allow the right to rise. It's the same thing over and over.
It's crashing at the moment though... why is that? Traditionally in times of strife money flows out of most securities and into those which are seen as universally safe and immune to a massive crash - normally dollars and gold. Kinda weird cos the US is a mess now and, if there is a real serious collapse, what use is gold? I would have thought that Bitcoin might benefit from this as paranoid tech-heads fled to it.Bitcoin was one important lesson learned and implemented. Can't think of much else.
It's crashing at the moment though... why is that? Traditionally in times of strife money flows out of most securities and into those which are seen as universally safe and immune to a massive crash - normally dollars and gold. Kinda weird cos the US is a mess now and, if there is a real serious collapse, what use is gold? I would have thought that Bitcoin might benefit from this as paranoid tech-heads fled to it.
I noticed that the pound has fallen vs the euro quite significantly, is that cos the world can see all those pictures of everyone in Broadway Market and Tescos and thinks that we're fucked?
The window dressing might change a bit, but it's basically the same shit over and over and over.
Bitcoin was one important lesson learned and implemented. Can't think of much else.
What do you think bitcoin has achieved? While great on paper it's still very much centralised by the early adopters who have thousands if not millions from mining in the early days. Enabling them to manipulate the market however they like
I'm leaning toward a variation on the latter which amounts to "It can happen to me so fuck thinking about anyone else".
"go and sort your own country out, ours is fucked"