We live in age of cynicism and nihilism. Try to stay away from these mindsets as much as possible because very soon they become a poison for the mind. If humanity had been like this, we would have never left the caves. Always have hope and faith and when you do not, try to find it or create it, even illusionary faith is better than despair and defe... See more
by replicating and storing user data across an open and decentralized network rather than individual applications controlling access to disparate silos of information, we reduce the barriers to entry for new players and create a more vibrant and competitive ecosystem of products and services on top.
How it’s going: Now, in the most extreme instances, GME and AMC for example, stocks are gambling tokens or crowd attention barometers and have almost no relationship to the underlying company or business. Valuation is totally irrelevant to the bull thesis and overvaluation attracts shorts that fuel further rallies. Discount rate matters but not muc... See more