global financial crash yay!

[Murphy]

It's a weird experience. A kind of new experience actually. I find myself logging in to check a few times a day. And the interface I'm using is quite beautiful, quite addictive, watching the numbers go up and down in real time. I can't help but think that this is part of what's going on with crypto - the excitement of it, probably a similar feeling to what people on trading floors have had for a while, but spread out to the masses, where it is easy peasy to set up and get into.

 

[vimothy]

 

[luka]

not the most enticing youtube thumbnail

 

[Clinamenic]

Thats exactly the sort of title/thumbnail I would bookmark.

 

[vimothy]

well it's a very interesting take, so you should also watch it

 

[Clinamenic]

Very interesting overview, a bunch of stuff that I don't yet have an understanding of. I knew Vanguard, Blackrock and State Street were the big ones (think Blackrock has maybe $10 trillion AUM), and it makes sense that the public/private cartel has transcended the US governmental system and now includes WEF. I hadn't even heard of the US National Economic Council, though.

 

[Clinamenic]

Interesting term he used "blockholder" where the big players hold so much of the distribution of certain assets that the assets effectively become somewhat illiquid. I suppose its a situation, not unlike how much of the crypto market seems, where the big holders can only incrementally sell their holdings without disrupting the market, but maybe things work differently than I assume.

 

[vimothy]

Interesting term he used "blockholder" where the big players hold so much of the distribution of certain assets that the assets effectively become somewhat illiquid.

yes, very important point

 

[...]

yes, very important point

Indeed.

 

[...]

What do you reckon @luka important or what?!?

 

[luka]

What do you reckon @luka important or what?!?

of the Utmost Importance.

 

[vimothy]

question now is how this works with the great unwinding

 

[vimothy]

are we in 2007 again

 

[vimothy]

shutit you two

 

[luka]

pissed up craner and pissed up vim on the board at the same time! happy days!

 

[vimothy]

I am not pished

 

[wg-]

Interesting term he used "blockholder" where the big players hold so much of the distribution of certain assets that the assets effectively become somewhat illiquid. I suppose its a situation, not unlike how much of the crypto market seems, where the big holders can only incrementally sell their holdings without disrupting the market, but maybe things work differently than I assume.

There needs to be a new term for this much like catch 22 is used ubiquitously now

I suggest virgin's bollock

 

[Clinamenic]

question now is how this works with the great unwinding

Also he had an interesting, albeit unsurprising in hindsight, perspective on the green transition. Namely how the big firms are willing to finance the transition, so long as the losses are socialized. Hence "you can have the transition, but you can forget the 'just' part."

 

[vimothy]

I think the fact that they are somewhat positive to the idea of a a green transition is surprising actually

 

[vimothy]

at least it's not what many ppl predicted