946 karma · joined February 12, 2013
Even if it's more expensive, Spacex will be able to deploy hardware when no one else can because all the gas turbines and existing power plants have been exhausted and the lead time to build new ones is 5+ years out because of the bureaucratic overhead.
I think a corollary to this is that we should teach math with code.
I think services like Fidelity are meaningfully disrupting banks. I much rather have my money in a money market fund then a deposit checking account. Most loans are not being held on bank balance sheets any more either, but are getting sold to the market, so they're no longer as critical a part of the financing stack.
And we're still early days on stable tokens and the defi infrastructure around them.
Now before everyone freaks out - we've changed the claim around what a vaccine does. It's no longer intended to prevent spreading covid or prevent contracting covid, it's just intended to reduce symptoms of covid. So if that's your definition of vaccine efficacy then I would agree her claims were false.
It's akin to arguing that Cuba joining a Russian military alliance and re-installing ICBMs on their territory is totally fine because Cuba is a sovereign nation and can do whatever they want.
They can't sell them to themselves because that's against the rules. If they distribute them then they have to pay a 10% tax penalty in addition to any income tax.
These are small thinly traded assets. What will very likely happen in practice is big wall street firms will come in and buy up thousands of American small businesses (retirees best assets) at a major discount similar to what Blackstone is currently doing with single family homes.